Wednesday, February 08, 2012

[IWS] BLS: THE RECESSION OF 2007-2009 (Spotlight on Statistics) [8 February 2012]

IWS Documented News Service

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Institute for Workplace Studies----------------- Professor Samuel B. Bacharach

School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies

Cornell University

16 East 34th Street, 4th floor---------------------- Stuart Basefsky

New York, NY 10016 -------------------------------Director, IWS News Bureau

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BLS Spotlight on Statistics

 

THE RECESSION OF 2007-2009 [8 February 2012]

http://www.bls.gov/spotlight/2012/recession/

or

http://www.bls.gov/spotlight/2012/recession/pdf/recession_bls_spotlight.pdf

[full-text, 18 pages]

 

Also Audio

Listen at

http://www.bls.gov/spotlight/2012/recession/audio/recession.mp3

 

or for text of audio

http://www.bls.gov/spotlight/2012/recession/audio.htm

 

 

[excerpt]

A general slowdown in economic activity, a downturn in the business cycle, a reduction in the amount of goods and services produced and sold—these are all characteristics of a recession

 

According to the National Bureau of Economic Research (the official arbiter of U.S. recessions), there were 10 recessions between 1948 and 2011. The most recent recession began in December 2007 and ended in June 2009, though many of the statistics that describe the U.S. economy have yet to return to their pre-recession values. In this Spotlight, we present BLS data that compare the recent recession to previous recessions.

 

 

 

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This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.

 






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