Business Dynamics Statistics Briefing: Anemic Job Creation and Growth in the Aftermath of the Great Recession: Are Home Prices to Blame?
12 Pages Posted: 10 Aug 2013
Date Written: July 2013
The economic downturn of 2007-09 is one of the two largest cyclical downturns experienced in the United States in the post-WWII era — the other being the 1982-83 downturn. This period stands out not just for the magnitude of the downturn but also for the slow pace of the recovery.
Using data from the newest release of the Business Dynamics Statistics (BDS), this brief examines job creation and growth after the Great Recession, and the causes for its anemic performance.
Keywords: bds, business dynamics statistics, job creation, great recession, recession
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