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BNET Business Dictionary
- Recession
- a stage of the business cycle in which economic activity is in slow decline. Recession usually follows a boom, and precedes a depression. It is characterized by rising unemployment and...
- Recession definition on BNET »
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- Whose Recovery Is This?
- Like most recoveries, this has been an uneven one. Wall Street, women, and older workers are thriving, while Main Street, men, and younger workers are simply surviving. Our scorecard shows some of the recovery?s biggest winners and losers so far. Here’s another option: Just ask...
- Articles 2009-11-05
- The Coming Jobless Recovery
- Now we are getting the clearest indication yet that we are headed for a jobless recovery. A total of 467,000 jobs were eliminated in June, bringing the jobless rate to 9.5 percent from 9.4 percent in May, according to the Labor Department. The jobless rate was the...
- Blog posts 2009-07-02
- Why Employment Might Not Fully Recover Until 2013
- The most recent employment report shows the unemployment rate at 10.2 percent, and the broader unemployment rate that accounts for part-time work and discouraged workers at 17.5 percent. With numbers like these, can we expect good news on the employment front anytime soon? Historically, a good rule...
- Blog posts 2009-11-10
Additional Resources
- Consider These Conditions When Using the Unemployment Rate as 'Any Kind' of Indicator
- Investors and the media (CNBC) are too quick to affirmatively state that “unemployment is a lagging indicator.” The unemployment rate is not so much a “lagging indicator” as it is a reflection of investors’ past behavior to use it to predict the beginning of a large stock market recovery....
- External links 2009-07-10
- Washington Unemployment Rate Climbs to 7 Percent.
- By Pamela Sitt, The Seattle Times Knight Ridder/Tribune Business News Apr. 23--Washington's unemployment rate hit 7 percent in March, inching up from February's revised 6.9 percent and stalling the state's previously forecast "very slow" recovery from recession, according to figures released...
- Research articles 2003-04-23
- Unemployment Rate Cushioned By Government Hiring
- In July in some of the first good news the U.S. economy had seen in several months the unemployment rate actually declined slightly. It was down to 9.4 percent from about 9.6 percent. Many economists still predict it going higher as economic activity in the U.S. stagnates or...
- Blog posts 2009-08-13
- Twin Falls County, Idaho, Keeps Unemployment Rate Unchanged in January 2002.
- By Virginia S. Hutchins, The Times-News, Twin Falls, Idaho Knight Ridder/Tribune Business News Feb. 16--TWIN FALLS, Idaho--Treading water is fine sometimes, especially if the life raft is approaching, Greg Rogers said. Economists elsewhere are pointing to signs that the country may...
- Research articles 2002-02-16
- Recession and Workplace Sabotage
- With the unemployment rate rising, some are desperate to keep their jobs. How far would you go to preserve your own job? Priya David reports.
- Videos 2009-04-13
- Will There Be a 'New Normal' For Unemployment?
- In my last post, I wrote about the longer than usual time period I think it will take for unemployment to return to its normal, or full employment level, but I didn't define what normal unemployment is. An important question for policymakers is whether there will be "a new normal"...
- Blog posts 2009-11-11
- Some things you should know about those unemployment numbers
- The Bureau of Labor Statistics issued its monthly Employment Situation report this morning, and you've surely already seen the headlines about 524,000 in job losses and a 7.2% employment rate. But I thought it would be helpful to go through the basics, as in times like these lots of people...
- News items 2009-08-07
- Underreported Unemployment: Why Those Jobs May Not Come Back
- Today's weekly report of new unemployment claims showed what appears to be a big improvement -- a sharp drop to 522,000. But the seasonal adjustment factors are distorting our perspective, and the numbers are not as good as they look. We should probably be adjusting our long-term perspective, too, say...
- Blog posts 2009-07-16
- Nine Million Part-Timers Mean Slow Job Growth in Recovery
- During this recession we've come to learn that the headline rate of unemployment doesn't tell us the whole truth about the job market. The official rate for July was down a bit, to 9.4 percent, but the government's alternative measure (called U-6), which includes people who are forced to work...
- Blog posts 2009-08-20
- The New Job Market: Who Wins and Who Loses?
- Recession, government spending, and demographics are transforming the workforce right before your eyes. To protect your career, make sure you're on the right side of history. If history is any guide, unemployment will continue to rise after the recession bottoms out, according to Steve Hipple, an economist with the...
- Articles 2009-06-24
- Is the Recession Really Over?
- Bank of America/Merrill Lynch published a provocative report this week declaring that the recession is over. After six quarters of negative growth it would be about time. The evidence, however, isn't uniformly positive and suggests that the downturn still has some distance to run. Here are some of the main...
- Blog posts 2009-07-16
- Unemployment Report: It Just Ain't Labor's Day
- So the headline number on unemployment is 9.7%. That alone might be enough to send people into the last weekend of summer with the sense that the economy has a long winter ahead of it. But ugly as that 0.3 percentage point jump in the closely watched number is, a...
- Blog posts 2009-09-04
- Rising Unemployment Shows Where the Economy Stands
- James Hamilton submits: Is there anything good to say about Friday's report from the Bureau of Labor Statistics that the U.S. unemployment rate jumped up to 6.1% while seasonally adjusted nonfarm payrolls declined by another 84,000 jobs? Well, here's one thing. It gives us some real clarity as to...
- External links 2008-09-07
- Slow Growth and High Unemployment For U.S. in 2010: Report
- By Jim ChristieSAN FRANCISCO (Reuters) - Low interest rates will prevail through most of next year as the U.S. economy expands modestly and the unemployment rate remains stuck in double digits, the UCLA Anderson Forecast group said on Wednesday."Specifically, we forecast that after growing at 2.8 percent in the most...
- News items 2009-12-16
- The Recession Continues as Geithner Takes Heat
- Today's Four for Four: Jobless Claims are still at Recessionary levels. Geithner takes Congressional Heat. The FDIC Quarterly Banking Profile will be released next Tuesday. More Treasury supply before Turkey Day and the Daily stock charts The economy is in Recession as long as jobless claims are above 350,000. ...
- External links 2009-11-20
- Recession is Only the Beginning | BTalk Australia
- (18min 54) Professor Steve Keen says the Aussie economy has a long way to fall yet. The current situation is the work of neoclassical economists who didn’t understand the importance of controlling debt, which is now over $2 trillion. He points to the RBA, whose decision not to lower interest...
- Blog posts 2009-03-09
- Unemployment: Emotional Cost Behind the Figures
- Scene: Corporate elevator Employee #1: "Monday morning-ugh!" Employee #2: "I'm so happy to still have my job that I can't even complain about Mondays!" As economists focus on signs of economic recovery and investors rejoice in stock market gains, there's a...
- Blog posts 2009-07-21
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