The COVID-19 pandemic brought unprecedented economic and policy challenges to the United States and other countries. Navigating out of the pandemic slowdown is another novel experience, which makes it more difficult to answer the question addressed each year in the "State of Working Pennsylvania": How is the Pennsylvania economy…

This paper presents an analysis of changes in occupational status and hourly earnings after workers experience a spell of nonemployment, during a period of stable but slow economic growth and a recessionary period. In addition, an effort is made to identify factors associated with changes in occupational status and hourly earnings, including a…

The UK entered the deepest recession in history in 2020, following a decade of sluggish growth. Coronavirus restrictions led to a sharp rise in unemployment, vacancies plummeted, and millions were furloughed. The pandemic has also accelerated technological change, with increased digitalisation and firms discovering new ways to harness emerging…

The Great Recession and its aftermath have had long-lasting effects on the employment prospects of young people entering the workforce after graduating from high school or college. Despite officially ending in June 2009, the recession has left millions of people unemployed for extended spells, with recent workforce entrants such as young graduates…

In response to the declining international ranking in the percentage of young adults with a postsecondary credential, President Obama, philanthropic and policy organizations, and states have set bold goals essentially to double the number of postsecondary degrees and certificates produced in the next 8 to 13 years. Behind this commitment to…

The pace of income growth since the 1970s has been slower for Pennsylvanians than in the 30 years following 1945. In addition to being slower, income growth since the 1970s has also been lopsided, with a small fraction of the highest-income households capturing most income growth in Pennsylvania. This report examines the extent to which these…

This third installment of "Hard Times" updates the previous analyses of college majors, unemployment, and earnings over the Great Recession. While there is wide variation by college majors, hard times have become better times for most college graduates, but the recovery is far from complete. Hard times are becoming better times for most…

This paper reports that between 2008 and 2009, unemployment rates across OECD countries increased among people at all educational levels, but rose to especially troubling heights among people without an upper secondary education. In 2009, the average employment rate across OECD countries was much higher for individuals with a tertiary (i.e.…

This report describes the findings of a nationally representative sample of 544 recent high school graduates from the classes of 2006 through 2011. The purpose of this study is to understand how recent high school graduates who are not attending college full time are faring in the workforce, specifically looking at those individuals who graduated…

In this report, the Graduate Management Admission Council[R] (GMAC[R]) presents the results from the 2011 Corporate Recruiters Survey. Conducted annually since 2001, this survey examines the job outlook for recent graduate business students as well as employer needs and expectations. The objectives of this study are to obtain a picture of the…

Gender equality is not just about economic empowerment. It is a moral imperative, it is about fairness and equity, and includes many political, social and cultural dimensions. Gender equality, however, is also a key factor in self-reported well-being and happiness across the world. In the aftermath of the Great Recession, there is now an urgent…

Across the massive megalopolis stretching from the northern suburbs of Los Angeles County through the metropolitan complex along the northern border of Baja California is a diverse area containing 24 million people, with a disproportionate percentage of Latinos and African Americans who are facing an educational and economic disaster. As it…

According to the National Bureau of Economic Research, the Great Recession began in December 2007 and ended in June 2009. With a duration of eighteen months, this recession was almost double the length of the average post-World War II economic downturn. Although the worst recession since the Great Depression is now technically over, this analysis…

Since the Graduate Management Admission Council[R] (GMAC[R]) first began conducting its Alumni Perspectives Surveys 11 years ago, several "truths" about graduate business school alumni have consistently stood the test of time: They are and remain eminently employable. They constantly rate the value of the degree highly. This year's results are…

Using a wide variety of data on family incomes, taxes, wages, unemployment, wealth, and poverty, this book closely examines the impact of the economy on the living standards of the United States. An executive summary gives an overview of the economic realities that characterize the state of the working nation. Other introductory materials include…