fedgazette, the bimonthly newspaper of the Federal Reserve Bank of Minneapolis, may not be part of your regular reading routine, but I can recommend it ...
fedgazette, the bimonthly newspaper of the Federal Reserve Bank of Minneapolis, may not be part of your regular reading routine, but I can recommend it as consistently well written and interesting, even if you live outside the Feds' six-state Ninth District.
"Job Shocks," a series of articles in the current issue, investigates how local economies respond to massive layoffs or a serious slump in the job market. The authors' general conclusions:
"There are no obvious bogeymen. While it seems there might be a predictable story to tell here--either about the ravages of globalization or the decline of rural economies--what's most interesting is that employment shocks come from all types of sources, making it difficult to anticipate the time, place or source of major job loss; maybe more vexing is the inability to predict who will see job resilience in the aftermath. Those hoping there is a 'recovery template' to follow are likely to be disappointed."
We invite you to discuss and comment on this article using social media.
GOP Health Bill Gets Support From 8 GOP Governors1 day ago
Failed Equal Rights Amendment to U.S. Constitution Gets New Hope From Nevada1 day ago
Blaming Racism and Sexism, Hawaii Lawmaker Leaves Republican Party1 day ago
Utah Governor Signs Nation's Strictest Drunk Driving Law1 day ago
California Passes Toughest Methane Emission Regulations in U.S.1 day ago
No Permit? No Problem. You Can Still Carry a Concealed Weapon in North Dakota.1 day ago