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Social and Behavioral Sciences Commons™
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Full-Text Articles in Social and Behavioral Sciences
Growth Likely In A Time Of Uncertainty, Eric Thompson
Growth Likely In A Time Of Uncertainty, Eric Thompson
Business in Nebraska
The U.S. economy continues to recover from the recession which occurred during March and April of 2020. Demand has been strong for both goods and services. At the same time, supply constraints are a concern in the economy, contributing to both higher prices and in some cases lost production within industries. Supply constraints are evident in both inputs (supplies) and labor. Labor force growth has been anemic in the last two years given slow population growth and a roughly 2 percent decline in the labor force participation rate. Looking forward, the baseline outlook is for the U.S. economic recovery to …
Nebraska Recovers From The Pandemic Economy, Eric Thompson
Nebraska Recovers From The Pandemic Economy, Eric Thompson
Business in Nebraska
The Covid-19 Pandemic threw the U.S. economy into a severe and sharp recession during the first half of 2020. A combination of government “shutdown” restrictions and private actions led to a particularly severe decline in economic activity in late March and April. The lifting or reduction of government restrictions across the United States led to a fast recovery in subsequent months, especially as businesses and consumers learned to adapt to their new operating conditions. However, the rate of recovery has slowed recently as the spread of Covid-19 has accelerated and many businesses have curtailed travel, maintained “work from home” policies, …