Center on Budget and Policy Priorities

Recession and Recovery

State-by-State Numbers: Effective Jobs Program to End September 30

“An emergency jobs program through which 37 states have provided subsidized jobs for nearly 250,000 otherwise unemployed parents and youth — helping families, businesses, and communities across America weather the recession — will end September 30 unless the Senate joins the House in voting to extend it.” Read more

State-specific press releases:

Statement by Chad Stone, Chief Economist, on the August Employment Report

"Today’s jobs report provided better news than expected about private-sector job creation, but the case for additional stimulus to boost a tepid economic recovery and revive the job market remains strong. The good news, as the chart below shows, is that the economy has now added private-sector jobs for eight straight months. The bad news is that adding fewer than 100,000 private-sector jobs a month, as we have been doing, will not bring down the unemployment rate." Read more

Topics

Basics

A recession is a significant decline in the size of the U.S. economy lasting more than a few months, normally visible in a variety of economic indicators. Economic stimulus policies aim to avert a recession or lessen its severity by boosting the economy in the short term. The unemployment insurance system helps people who have lost their jobs by temporarily replacing part of their wages, typically for up to 26 weeks.

Policy Basics:
- Introduction to Unemployment Insurance

Featured Experts

Robert Greenstein

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Michael Leachman

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Chad Stone

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Paul Van de Water

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The Center examines the impact of changes in the economy on federal and state budgets, as well as the likely effectiveness of economic stimulus proposals. We also examine trends in employment and promote reforms to strengthen the unemployment insurance system.