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economistsview.typepad.com - 2/18/2009
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It's not looking good. Many people have been trying to make the case that the current downturn is no worse than the downturns in the 1970s and 1980s, but there's reason to think this downturn is following a different, more worrisome trajectory:
Unemployment in the current crisis, by Mike ...
newyorker.com - 2/23/2009
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newyorker.com —
This is the Age of the Incredible Shrinking
Everything. Home prices, the stock market, G.D.P., corporate profits,...
employment: they’re all a fraction of what they once were. Yet amid this carnage there is one thing that, surprisingly, has ...
(more)
James Surowiecki: Wages, productivity, and the ...
washingtonpost.com - 2/12/2009
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washingtonpost.com —
Comments that include profanity or personal attacks or
other inappropriate comments or material will be removed from...
the site. Additionally, entries that are unsigned or contain "signatures" by someone other than the actual author will be removed. ...
(more)
More Employers Fight Unemployment Benefits
VoxEU.org - 2/14/2009
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VoxEU.org —
Mike Elsby , Bart Hobijn , Aysegul Sahin
, 14 February 2009 Unemployment is rising – job...
losses are up 30% in the US and 50% in the UK since 2007. How bad will it get? This column uses data on unemployment inflows and duration to predict labour ...
(more)
How high will the unemployment rate rise?
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Indications economy on the fritz before credit crunch
Angry Bear —
rdan Economist's View carries a post at VoxEU by Mike Elsby, Bart Hobijn, Aysegul Sahin. This especially caught my attention: Figure 1 also highlights a curious fact absent in popular discussions of the crisis. Unemployment in the US had already begun to ramp up in early 2007, long before the official recession start date in December 2007 and the vagaries of the financial crisis that came to a head in the latter half of 2008. Figure 1 suggests that the initial impulse to the current recession may not ...
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