In a new paper published by the Federal Reserve Bank of Boston, a doctoral student in economics offers a fresh take on why long-term unemployment remains stagnant.
In the wake of Standard & Poor’s recent downgrade of U.S. Treasury debt and with unemployment rates remaining high, the nation’s troubled economy is a constant topic of discussion. We asked Nicole M. Boyson, the William Conley Faculty Fellow and Professor of Finance for some tips to stabilize individuals’ personal finances as they ride out the recession.
Congress and President Obama have yet to reach an agreement to raise the nation’s debt ceiling, a necessity to ensure that the United States is able to meet its financial obligations. William Dickens, a Distinguished Professor of Economics and Social Policy at Northeastern, said that the U.S. economy could slide into depression if a deal is not agreed upon by the Aug. 2 deadline.