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The Great "Reset", Eric Thompson, University Of Nebraska-Lincoln
The Great "Reset", Eric Thompson, University Of Nebraska-Lincoln
Business in Nebraska
THE GREAT “RESET”
U.S. Macroeconomic Outlook
Recent consumer spending, home and retail sales, and industrial production reports suggest that the economy may be nearing a turning point, and that the recession will end later this year. But, even if this happens, the U.S. economy will still face major challenges. The economy has dug itself a deep hole, with very high levels of unemployment. Further, there are reasons to expect an anemic and perhaps even unsteady recovery, rather than rapid expansion that often occurs at the end of a recession. First, consumption is not likely to return to pre-recession levels in …
Producer Services: An Engine For Job Growth, Steve Carlson, Hanna Hartman, Eric Thompson
Producer Services: An Engine For Job Growth, Steve Carlson, Hanna Hartman, Eric Thompson
Business in Nebraska
Introduction
Producer services providers are firms that sell services primarily to the business community rather than to individuals and households. Accounting firms, consultants, and computer design services are prominent examples of producer services businesses. Given their importance as suppliers to the broader business community, producer services are a critical segment of the economy. Many producer services industries also are a rapidly growing and pay high wages. The producer services sectors in fact are the principal source of high wage job growth in our evolving service economy.
For all of these reasons, this article highlights the performance of the producer services …
Recession Comes To The Plains, Eric Thompson, University Of Nebraska-Lincoln
Recession Comes To The Plains, Eric Thompson, University Of Nebraska-Lincoln
Business in Nebraska
U.S. Macroeconomic Outlook
Like clockwork, just a few weeks after the November Presidential election, the National Bureau of Economic Indicators declared the U.S. economy in recession. This was not news, of course. It had been evident by that time that the U.S. economy had entered recession. Instead, the major news of the last 6 months is that the U.S. recession has entered a second, and more menacing, phase. This “second act” of the recession began in September, with the upheaval on Wall Street and the freezing of global credit markets. At that time, our national housing recession morphed into a …