Econ Comments & Analysis
WSJ | A Jobless Recovery Is a Phony Recovery
In recent months, Americans have heard reports out of Washington and in the media that the economy is looking up—that recovery from the Great Recession is gathering steam. If only it were true. The longest and worst recession since the end of World War II has been marked by the weakest recovery from any U.S. recession in that same period.
Blogs
WSJ | Real Wages Still Below June 2009 Level
Average hourly wages were unchanged from May to June after adjusting for inflation, the latest sign of households struggling to gain purchasing power in the aftermath of the Great Recession.
WSJ | OECD Doesn’t See Unemployment Falling Until Late 2014
The rate of unemployment across developed economies won’t start to fall until “well into” 2014, while disparities among rich countries are likely to widen further, the Organization for Economic Cooperation and Development said Tuesday.
