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

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  • Jason L. Saving

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.

Suggested Citation

  • Jason L. Saving, 2011. "States still feel recession's effects two years after downturn's end," Southwest Economy, Federal Reserve Bank of Dallas, issue Q4, pages 3-7.
    • Handle: RePEc:fip:feddse:y:2011:i:q4:p:3-7:n:4
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    Keywords

    Budget deficits; Labor market;

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