replaced the United States UE with employment (EM) for the years 1977 to 2021 and examined how employment changed relative to …, except the 2020 recession. (ii) The βE(9) = GDP/EM for rolling ordinary linear regression over 9 months decreases just after … a recession and then recovers over 2- to 4-year periods. (iii) The two series showing that EM → GDP and βE(9) < 0 …

Ten years ago, the global financial crisis started to unwind in the USA and triggered the greatest recession since … World War II. Although the crisis of 2007-08 was caused in the USA, their economy was not hit so hard in the Great Recession … crisis than the Euro area. Additionally, the specific Euro (debt) crisis of 2010 led to a double-dip recession in the Euro …