Obama returns focus to America’s struggling middle class
As President Obama prepares to make a “major” speech on the economy today, our past reports describe the challenges the middle class has faced in the past decades.
Averages, medians and unemployment: Parsing the numbers
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: Go for the beaches, not the mood
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 […]
Economic recovery favors the more-affluent who own stocks
While the stock market has been surging, there is a big gap who who benefits that has implications for the strength of the economic recovery.
Europe’s unemployment conundrum
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.
Emerging Markets Better Rated During Difficult Times
Citizens of emerging market countries are happier with their economies than are people in advanced or developing economies.
An Uneven Wealth Recovery in the U.S.
During the first two years of the nation’s economic recovery, wealth inequality increased as aggregate wealth rose for the wealthiest 7% of households, but fell for the bottom 93%.
Young Adults Shed Debt After Recession
Young adults have 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 and paring credit card balances.
Pessimism About Fiscal Cliff Deal, Republicans Still Get More Blame
With Washington making little apparent progress in efforts to avoid going over the “fiscal cliff,” most Americans are skeptical that the White House and Republicans will reach a deal. A majority would blame Republicans if talks fail.
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.