Journal Article

States still feel recession's effects two years after downturn's end


Abstract: The U.S. economy entered a financial-market-driven recession in December 2007 from which it has yet to fully recover. The boom of the mid-2000s has been replaced with a stubborn national reality of high unemployment and sluggish output growth, with no clear indication when economic activity will return to more normal levels.

Keywords: Budget deficits; Labor market;

Access Documents

Authors

Bibliographic Information

Provider: Federal Reserve Bank of Dallas

Part of Series: Southwest Economy

Publication Date: 2011

Issue: Q4

Pages: 3-7

Order Number: 4