When it comes to The Great Recession, there are plenty of cities that are recovering nicely from the economic slump and those that have completely missed the boat.
via www.visualeconomics.comNote: If you read this via Email or Feed-reader click Permalink below to download bigger image.
The Great Recession is now history — much as its recently-announced end took us by surprise. At 18 months, from December 2007 through June 2009, it is the longest since World War 2. So mint.com decided to take a look at the major events of the past three years. For the highlights, see our infographic — the Recession Timeline Diorama.
via www.mint.comNote: If you read this via Email or Feed-reader click Permalink below to download bigger image.
Earlier this year, the National Bureau of Economic Research delivered a piece of news that came as a surprise to most Americans: the recession, it determined, had officially ended in June 2009. At a total of 18 months, it now has dubious honor of being the longest U.S. recession since the Great Depression.
But how do Americans feel about it? Do the millions unemployed individuals feel like it really is over? And how do people – employed and unemployed – feel about its aftermath? mint.com compiled the answers those questions, and more, in their latest infographic.
via www.mint.comNote: If you read this via Email or Feed-reader click Permalink below to download bigger image.
The latest quarterly GDP data shows some countries growing strongly, but others are still suffering.
via www.guardian.co.uk
Change in American employment after end of recessions.
Fears that the recovery of America's economy after the financial crisis would fail to spur an increase in employment are being realised. In July, 52,000 fewer people were employed on non-farm payrolls than in July 2009, the month in which it is estimated the American economy climbed out of recession.via www.economist.com
This recession was particularly ravaging to many businesses. ~1.5 million businesses have already closed their doors. Here is a more in depth look at where businesses are closing and why:
via www.businesspundit.com
In the midst of the worst recession since the Great Depression, many have pointed to increased legalization or decriminalization of marijuana as being an untapped resource for taxation, and a source of new small business growth and employment. It is estimated that nearly $1 billion per year could be generated in marijuana production upon nationwide legalization with a flat 10% tax on producers. This, of course, coupled with a significant drop in the cost of policing and prosecuting the use of marijuana could lead to net savings.
via blog.turbotax.intuit.com
via www.economy.com
Moody's Economy.com closely tracks economic conditions in the major economies of the world and summarizes the results on this interactive map. Analysts follow a wide range of indicators to ascertain a country's position in the business cycle. Specifically, we focus on gauges of employment, industrial production and retail sales--high-frequency indicators that capture the breadth of economic activity. Countries where the indicators are dropping are labeled In Recession. Those where declines have slowed are said to be Moderating. Countries where the indicators have begun rising again are Recovering. Economies that have advanced past their previous growth peaks are labeled Expanding.