Word: recessional
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The typical father spends about seven hours per week in "primary child care," which doesn't sound like a lot until you realize it's more than twice as much as in 1965. Roughly 60% of male high school students told researchers they planned to cut their work hours when...
Remember, this is a crisis born in part of the fact that households around the world in particular took on too much debt. So debt as a share of our economy rose to extraordinarily high levels, and we're having a recession that is deeper in part because people are...
The recession is nearing its end. At least, it seems to be. A generally improving trend in the economic data has forecasters saying the downturn will turn into an upturn sometime between early this summer (the optimistic view) and late next winter (the pessimistic one).
But here's my assessment: So what? A recession is defined by the Business Cycle Dating Committee of the National Bureau of Economic Research, the semiofficial arbiter of such matters, as a "significant decline in economic activity spread across the economy." It's certainly better for economic activity to be...
The Great Moderation was a name economists gave to a post-1982 era marked by only two mild recessions and long stretches of uninterrupted growth. That's over, and the transition to whatever comes next will, if history is any guide, be messy. From 1970 to '82, the U.S. economy...