The Federal Reserve is welcoming a debate among economists about proposed changes that might improve its response to future economic downturns.
The downturn wiped out jobs that have never come back, a worrying sign for future recessions. But economists aren’t certain that even a strong economy is the solution.
Low-wage workers and other groups largely left out early in the recovery did better from 2013 to 2016, a study shows, but the richest gained the most.
By BINYAMIN APPELBAUM September 12, 2017 WASHINGTON — American household incomes rose strongly for the second straight year in 2016, as the long-running economic recovery generated broad gains in prosperity. The median household income was $59,000 in...
At this stage of the recovery, wage growth and employment-to-population ratio are more important statistics.
Years after the financial crisis — a disaster that economists were supposed to foresee but didn’t — the field still struggles with its self-conception.