As we approach this Labor Day, the Pennsylvania economy is growing steadily. Working families are sharing in prosperity in a more sustained way than at any point since 1980--although many families still struggle to make ends meet and, in our polarized nation, a big partisan divide exists in perceptions of whether the economy is better than four…

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…

The Congressional Budget Office (CBO) recently projected record-breaking growth in 2021, but it is premature to celebrate this rosy macroeconomic picture. In the same document, the CBO also made an alarming prediction: The U.S. labor market will not fully recover until 2024. Recent U.S. jobs reports reveal the depth of the pandemic-created…

Slow economic growth since the end of the U.S. recession in June of 2009 has not yet translated into increases in employment large enough to meaningfully reduce the rate of unemployment. Because expansionary macroeconomic policy has been pursued on both the fiscal and monetary fronts, it appears at first glance that the hands of government at this…

America faces many challenges in working together to restore the promise of economic growth and security for the country, U.S. families and the American worker. The challenges are both real and serious. Despite hopeful signs of economic recovery, America remains mired in the deepest jobs crisis since the 1930s. One out of every 12 Americans who…

Local, state, and national economies are facing unprecedented levels of international competition. The current fiscal crisis has hampered the ability of many governments in the developed world to directly facilitate economic growth. At the same time, many governments in the developing world are investing significant new resources into local…

The authors examine how the American economy has experienced sharp contractions in overall levels of output, income, and wealth resulting from the recent financial crisis, and how these losses have had an impact on the nation's labor market. The significance of these trends to American higher education is summarized in these terms: "Large labor…

It will take years for the labor market to recover from the damage induced by the recent recession. While monthly job losses almost surely peaked in 2009, the unemployment rate will likely peak in 2010 (CBO 2010a). In April, the unemployment rate reached 9.9% and the overall economic cause is simple: firms are not hiring quickly enough, as…

This paper examines decline in cocoa production at three historical moments: Trinidad in the early 18th century, Brazil in the first half of the 20th century, and Ghana in the recent transition from colonialism to independence. In each, decline followed promising expansion. Conventional explanations have been based on biological, agronomic, and…

This comprehensive document studies poverty in the U.S. and develops a set of recommendations for dealing with the problems. It examines poverty from the perspectives of both the national economy and local areas. It considers circumstances in both labor and consumer markets and looks at public and private activities, at revenue and spending…

A full solution of the employment problems of countries in the stage of development now existing in Greece, to a great extent depends upon the possibilities of achieving the accumulation of capital necessary for the establishment of new industries and other investment. It is important for Greece to promote economic progress in the different…

This book examines, within the prevailing economic and social structure of the American economy, the optimum economic relationship between the black ghetto economy and the general economy. The ghetto economy is viewed as predominantly labor intensive; the general economy is viewed as highly oligopolistic and capital intensive and as becoming…

Reports on the project, New Initiatives for Economic Development: An Experiment in Community Development. Reveals the economic impacts of 100 new jobs in a community, the achievements of the project to date, and identifies barriers to economic growth in Illinois communities. (AYC)

This paper examines an important development in Chinese higher education in the late 1990s and early 2000s, namely, its radical expansion of enrollment starting from 1998. After a brief review of the related literature on educational expansion, the paper analyzes the higher education expansion in China in detail. The paper argues that a variety of…

Based on information from "Georgia Trend" magazine examining economic conditions across Georgia, Gainesville College (GC) is expected to experience an expanding base of students over the next 5 years. With respect to Hall County and the nine contiguous counties that make up GC's service area, data indicate a population growth in the…