Every month when the Bureau of Labor Statistics releases its jobs report, people home in on one particular metric: the unemployment rate. But there are a lot of other interesting and potentially significant data in the report, though interpreting them appropriately can be tricky. Take, for example, the duration of unemployment. There’s little doubt that more […]
The Mediterranean is a sea of misery, according to the Pew Research Center’s recent report on global economic trends. Nations ringing the Mediterranean consistently rank at or near the top of multiple measures of pessimism in the 39-country survey. And, in what should surprise exactly no one, Greece has by far the bleakest outlook, topping […]
Continued high unemployment in Europe is fueling the debate over whether it is now time to stimulate the economy to spur job creation or to continue fiscal retrenchment to cut public debt.
Overview Publics around the world are decidedly unhappy about their nations’ economies. Most are displeased with current economic conditions and concerned about rising economic inequality; few are optimistic about the coming year. However, at the same time, most global publics say their personal finances are in better shape than their national economies, according to a […]
Today, it is the European Union itself that is the sick man of Europe. Efforts over the past half-century to create a more united continent are now the principal casualties of the ongoing eurozone crisis. This creates yet another complication for European leaders as they attempt to craft a way forward in dealing with the economic and political consequences of the ‘Great Recession'.
During the first two years of the nation’s economic recovery, the mean net worth of households in the upper 7% of the wealth distribution rose by an estimated 28%, while the mean net worth of households in the lower 93% dropped by 4%, according to a Pew Research Center analysis of newly released Census Bureau […]
After running up record debt-to-income ratios during the bubble economy of the 2000s, young adults shed substantially more debt than older adults did during the Great Recession and its immediate aftermath—mainly by virtue of owning fewer houses and cars, according to a new Pew Research Center analysis of Federal Reserve Board and other government data. […]