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Team Trump struggles to spin the worst job numbers since the Great Recession
When the nation’s labor secretary flubs arithmetic while struggling to defend poor employment data, there’s a problem.
I was young and had never tuned to CNBC, which seemed an order of magnitude less interesting than anything else on television. But in the fall of 2008, the economy was imploding. So I clicked over to ...
California's sales pace over the past three years is down 31% compared to the previous 18 years, while the nationwide drop ...
Class identity—whether a person identifies as upper, middle, or lower class—shapes how we behave, who we interact with, and many other fundamental life choices. But despite its ubiquity, the formation ...
Homebuying was 24% slower the past three years than during housing’s nightmare period. Nationally? 13% higher.
The Great Recession from 2007-09 saw GDP fall 4.3%, the biggest drop since the Great Depression. Deregulation in the 2000s and excessive risk by banks were major causes of the financial crisis.
Over 400,000 households in New York had their gas or electric shut off last year because of non-payment, surpassing recession-era totals.
Forbes contributors publish independent expert analyses and insights. Christian Weller is an economist focused on retirement inequality. The last two recessions before the pandemic show that the ...
Economic uncertainty often forces a shift in how we spend and save. During the Great Recession of the late 2000s — when unemployment hit 10% and home values dropped by 30% — many tightened their ...
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