NC Budget and Tax Center

Prosperity Watch: 2000s-era economic recovery failed to reduce poverty prior to the Great Recession

As North Carolinians are learning the hard way, not all recessions are followed by robust economic recoveries.  For all our concern over the current recovery, however, the years between the 2001 recession and the Great Recession of 2007-2009 also generated historically unprecedented negative economic trends. As the latest issue of Prosperity Watch demonstrates, the nation’s (and state’s) poverty rate failed to drop in the years of the formal recovery following the 2001 recession–the first time since the 1930s that post-recession economic growth proved unable to reduce poverty across the United States.  For more details, see Prosperity Watch.

Check Also

New report: How to make youth apprenticeships work and boost NC’s economy

Youth apprenticeships are increasingly seen as a promising ...

Top Stories from NCPW

  • News
  • Commentary

Numerous questions remain, however, about the treatment of dozens of other trans inmates Kanautica Z [...]

The Trump Administration’s new public charge rule will do more to keep families separated than it wi [...]

GIBSONVILLE -- The tobacco fields near East Guilford High School are reminders of times bygone when [...]

They clutter the gutters and girdle the turtles. They snag in the trees and float in the seas.  Plas [...]

It can’t have escaped many folks’ notice – even those, bless their hearts, for whom the really big n [...]

Today we wait. We wait for the judges, who retired to their chambers weeks ago in the Common Cause v [...]

There was a fascinating exchange regarding North Carolina’s ongoing budget stalemate last week at a [...]

The post Red Flag laws versus White Flag lawmakers appeared first on NC Policy Watch. [...]