Monthly Archives: April 2010

NBER Committee Holds Off Declaring Recession’s 2009 End Until It is Sure

The NBER Business Cycle Dating Committee this morning posted an announcement that it had met in person April 8 – an infrequent event – but that it had not yet decided to call the trough in the recession that began in December 2007.    The meeting has led to lots of questions from the press over the weekend, […] Continue reading

Posted in Recession | Tagged , | Leave a comment

Job Market Confirms End of Recession

The recession is over.   The last piece has fallen into place, with the BLS announcement that employment rose in March.
Identifying the beginnings and ends of recessions has been difficult in recent decades because the two most important indicators, output and employment, have sometimes behaved differently from each other.  Most notoriously, in the recovery that began in […] Continue reading

Posted in Recession | Tagged | Leave a comment

Red States, Blue States and the Distribution of Federal Spending

April 1 is Census Day. Evidently Glenn Beck and Michele Bachmann have been encouraging Americans to boycott the census — to refuse to fill out the whole form. This protest follows from their small government ideology. I am not always … Continue reading

Posted in 2008 presidential election, Budget, Conservatives and Liberals | Tagged , , | Leave a comment