Which recession has larger negative values for gdp growth

Reference no: EM13901333

Comparing the recessions of 2009 and 2001:

One very easy source for data is the Federal Reserve Bank of St. Louis FRED database. The series that measures real GDP is GDPC1, real GDP in each quarter of the year expressed at a seasonally adjusted annual rate (denoted SAAR). The monthly series for the unemployment rate is UNRATE. You can download these series in a variety of ways from this database.

a. Look at the data on quarterly real GDP growth from 1999 through 2001 and then from 2007 through 2009. Which recession has larger negative values for GDP growth, the recession centered on 2000 or the recession centered on 2008?

b. The unemployment rate is series UNRATE. Is the unem- ployment rate higher in the 2001 recession or the 2009 recession?

c. The National Bureau of Economic Research (NBER), which dates recessions, identified a recession beginning in March 2001 and ending in November 2001. The equivalent dates for the next, longer recession were December 2007 ending June 2009. In other words, according to the NBER, the econ- omy began a recovery in November 2001 and in June 2009. Given your answers to parts (a) and (b), do you think the labor market recovered as quickly as GDP? Explain.

For more on NBER recession dating, visit www.nber.org. This site provides a history of recession dates and some discussion of their methodology.

Reference no: EM13901333

Questions Cloud

What is the price earnings multiple of the company? : What is the Price Earnings Multiple of the company?

Part of forecasting firms labor supply requires : Part of forecasting a firm's labor supply requires an understanding of current and future skill and competency trends in the labor market. Compare and contrast forecasting the internal labor market and the external labor market. Be certain to discuss..

Discuss the workforce planning process : Discuss the workforce planning process. After discussing each step, explain what would happen if an organization did not follow the workforce planning process. Explain from the perspective of the employer and the employees.

Firms can tap into to forecast the demand for their product : Based on the reading in this unit, there are many external sources of information that firms can tap into to forecast the demand for their product. Discuss the five most common types of information that can be used to evaluate general business trends..

Which recession has larger negative values for gdp growth : Look at the data on quarterly real GDP growth from 1999 through 2001 and then from 2007 through 2009. Which recession has larger negative values for GDP growth, the recession centered on 2000 or the recession centered on 2008?

Referring to the latest versions of laws and policies : Rena,a fellow employee, approaches you to confide in you about issue she is having at work she claims that files keep vanishing from her desk and the manager she has spoken to previously has taken no action. Ensure that you are referring to the lates..

Part of americas modern mythology : Superheroes have become not only a part of pop culture but also a part of America's modern mythology. In your own Opinion,do you agree or disagree with this assertion? Why or why not?

What is the breakeven point in sales units and sales dollars : What is the breakeven point in sales units and sales dollars?

How much does measured gdp increase : Do you think the increase in measured GDP accurately reflects the effect on output of your decision to work? Explain.

User Account

All Pages