great recession
kkrisberg | August 28, 2015Sociologist Jennifer Laird was researching unemployment among Mexican immigrants when she came upon some interesting numbers on black workers in the public sector and employment effects of the Great Recession. It piqued her interest and so she decided to keep digging.
She found that while public sector employment had long served as a source of stable employment among black Americans, often enabling mobility into the middle class, downsizing during the Great Recession disproportionately hurt black workers and resulted in greater racial disparities in the public sector. Specifically, Laird, a…
razib | May 2, 2009Calculated Risk has a great chart showing GDP fluctuations which puts into perspective just how big a downtown the Great Depression represented, and how it compares to the current one. For the population ~30 and under the current downswing is already 3 times more extreme from the peak than any recession they have memory of. In fact, we're already approaching the biggest downswing since World War II and the recession will certainly be the longest as well. On the other hand, we're as far from the commonly accepted definition of a Depression of a 10% decline in GDP as the 1991 one recession was…