Despite the economy’s expansion last quarter, many American workers still lack jobs, the confidence to spend money or a home to call their own. Brookings scholars have been tracking data on various dimensions of national and international well-being since early this year.
Not Out of Woods
Karen Dynan, vice president and co-director of Economic Studies, talks about Americans’ concern over jobs, whether the holiday season might boost consumer spending, why saving is a good thing and some bright signs about the housing market. She also compares the state of the nation’s economic health in the third quarter of 2009 to where we were exactly one year ago.
Alan Berube, senior fellow and research director of the Metropolitan Policy Program, explains how there is not just one national downturn; it’s a collection of metropolitan recessions. He also addresses where we’re going and why it’s hard to say what might be around the corner for states and localities.