This blog is a place for journalists to discuss their experiences covering poverty. It works in tandem with onpoverty.org, a site run by Washington and Lee University's American Poverty Journalism Center.
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Recession may be longest since World War II
The 1981-82 recession was America’s worst since the Great Depression, but the current recession could slice even deeper into the U.S. economy. If it lasts into April, as expected, it will be the longest recession in the postwar era. While unemployment has not reached 1982 levels and the gross domestic product is still higher than in 1982, the hurt from this recession is spread more widely. Furthermore, uncertainty about the country’s economic health is worse today than it was in 1982.
Original story
Labels: economy, Great Depression, recession, unemployment
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