A Recovery No Better than the Recession
The median income of American households decreased by as much in the two years after the official end of the Great Recession as it did during the recession itself. The current recovery is the worst for household income for any post-recession period in decades.
The Demographics of the Jobs Recovery
Hispanics and Asians are gaining jobs at a faster rate in the economic recovery than are blacks and whites, and immigrants are outpacing the native born. The disparities reflect the rapidly changing demographics of the U.S. workforce.
Public More Optimistic about Economy, But Concerns Persist
Optimism about the national economy has rebounded in the first two months of this year after sagging in 2011. The latest national survey by the Pew Research Center for the People & the Press also finds an uptick in Barack Obama’s job rating.
U.S. Status as World’s Superpower Challenged by Rise of China
The U.S. image abroad is more favorable than it was in the Bush years, but it now faces a new challenge: doubts about America’s superpower status and the belief that China either will replace or already has replaced the United States as the world’s leading superpower.
In Two Years of Economic Recovery, Women Lost Jobs, Men Found Them
During the sluggish two-year recovery from the Great Recession, men have gained 768,000 jobs while women have lost 218,000 jobs. This new gender gap in employment trends represents a sharp turnabout from the recession itself, when men lost more than twice as many jobs as women. The current recovery is the first since 1970 in which women have lost jobs while men have gained them.
After the Great Recession: Foreign Born Gain Jobs; Native Born Lose Jobs
Immigrants are gaining jobs at a time when native-born workers continue to sustain losses. Foreign-born workers job gains may be the result of greater flexibility with regard to wages and hours of work or greater mobility. But despite rising employment, immigrants have experienced a sharp decline in earnings as well as a still substantial net loss in jobs.
The Great Recession at 30 Months
More than half (55%) of adults in the labor force say that since the economic slump began 30 months ago, they have suffered a spell of unemployment, a cut in pay, a reduction in hours or have become involuntary part-time workers; the recession has also led to a new frugality and diminished expectations about retirement and their children’s future.