Title: The decade in review
Description: The first decade of the new millennium started off on a high note as the Internet-fueled tech bubble that began in the 1990s continued to elevate the overall economy. However, soon the bubble burst, and a severe national recession soon followed, devastating both labor and financial markets. After a modest five-year recovery, a second, more severe recessio--dubbed the "Great Recession--again shattered markets and had the distinction of being the longest U.S. economic downturn since the 1930s. With a tech bubble and the worst U.S. economic downturn in over 70 years serving as bookends, it is easy to understand why some analysts refer to 2000-2010 as a "lost decade" for American workers. This new report from the New York State Department of Labor's Division of Research and Statistics examines what happened to labor markets here in New York State over 2000-2010.
Subjects: Labor market, Statistics
Places: New York (State), New York