Great Recession

Since the Great Recession, personal income and jobs have grown across the country and throughout our region. But that growth is uneven.

Rural Groups Push Against Proposed Cuts To USDA Spending

Mar 16, 2017
Adam Fagen / Flickr

Farm and rural advocacy groups say cuts to the U.S. Department of Agriculture in President Donald Trump’s proposed budget would harm rural communities, at a time when many of them need an infusion of cash.

In what’s being called a “skinny budget” because it sets an outline and contains scant details, Trump’s proposal calls for a 21 percent reduction in the USDA’s annual discretionary spending, and lays out rationales for why some programs are either eliminated or scaled back, calling some “duplicative,” or “underperforming.”

Jim Hill / KUNC

Housing affordability comes down to more than just prices. Affordability is a mix of household income, home prices, and interest rates.

While steep increases in Colorado home prices have gotten a lot of attention lately, a study released from the Federal Reserve Bank of Kansas City, finds homes in Colorado are more affordable than they were prior to the recession.

Colorado Dept. of Labor and Employment

As voters weigh economic issues ahead of the November election, Colorado’s job growth is continuing its steady upward trend. Economists with the Leeds School of Business at CU- Boulder say Colorado ranks fourth in the nation for employment growth.

The state added 14,600 jobs in September, marking the 35th consecutive month of job gains.

The number of men getting vasectomies spiked during the Great Recession, rising one-third from 2006 to 2010, a study finds.

In 2006, 3.9 percent of men said they had had a vasectomy; in 2010, 4.4 percent reported having the surgery. That means an additional 150,000 to 180,000 men per year had vasectomies in each year of the recession.

Vicki Watkins / Flickr - Creative Commons

For the first time since the start of the recession, child poverty has decreased in Colorado. The child poverty rate in 2013 was 16.9 percent, down from 18.5 percent just the year before. That represents about 17,000 fewer children living in poverty, according to data released Thursday from the U.S. Census Bureau.

Kai Hendry / Flickr - Creative Commons

More Coloradans are receiving food assistance today than during the worst months of the Great Recession.

It's been five years since Lehman Brothers collapsed and touched off a banking crisis that is still being felt by the global economy. Today, the banking industry is a lot stronger than it was, but some critics say efforts to reform banking regulations have fallen short of their potential.

Known as the "Carpet Capital of the World," Dalton, Ga., has struggled and lost 17,000 manufacturing jobs over the past decade.

But now, Engineered Floors is investing $450 million in two new manufacturing facilities and a distribution center in the area. The Dalton expansion is part of a resurgence in manufacturing in Georgia and it reflects an optimistic outlook for manufacturing across the Southeast.

Something Different, Something New

American households lost roughly $16 trillion in net worth since the recession started in 2007. According to the latest Fed data, we regained about $14.6 trillion, or roughly 91 percent, of it. But let's not break out the champagne glasses just yet.

A new report from the St. Louis Fed shows that, after adjusting those numbers for inflation and normalizing them for population growth, we recovered less than half of what we've lost in wealth.

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