Stuck in the Great Recession's Income Slump: Sluggish Job Earnings Impede an Economic Expansion

Recovery from the Great Recession has been very slow, hindered by sluggish consumer spending and income growth, which are both closely correlated to earnings from employment. This edition of Housing Insights examines changes in average and aggregate earnings during the Great Recession and subsequent recovery, investigates the extent to which changes in employment and average earnings within industries have affected overall earnings growth, and compares recent trends with prior business cycles.

Housing Insights: The Effect of Job Earnings on the Economy (PDF)