Unemployment and Income in a Recession

Publication Date: December 2008

Publisher:

Author(s): Gregory Acs

Research Area: Economics; Labor

Keywords: recovery; recession; unemployment

Type: Brief

Coverage: United States

Abstract:

With many forecasting a long and deep recession, a
look back at how individuals and families fared leading up to, during, and after the economic downturns of the past 35 years could help policymakers deal with the current economic crisis.

This brief, part of the Urban Institute's "Recession and Recover" series, assesses how unemployment and household income change as the economy moves through a recession and into recovery.