Great Recession

Alan Kotok / Flickr Creative Commons

 


Ten years ago, the global economy was in the depths of the financial crisis and investors had just finished posting negative returns for the decade. This scared many people. But if you stayed in the market, your return was more than 250% or 13.5% per year. So, ten years later as we are weeks into a new year and a new decade, what does the financial outlook look like for 2020?

Since the Great Recession, personal income and jobs have grown across the country and throughout our region. But that growth is uneven.

This interview originally aired in November, 2018.

California has long been a bellwether of the country’s progressive and reactionary politics. But the state that introduced us to Ronald Reagan and Harvey Milk has also confronted many of the challenges the rest of the country now faces, decades before the rest of us.

  

Andrew Harnik / AP Images

It might not be Halloween yet, but according to the Idaho Statesman – it’s probably time to make your Christmas tree plans.

Molly Messick / Boise State Public Radio

You can now fly non-stop from Boise to Dallas. American Airlines opened that service last Thursday. With that, the Boise Airport comes within one flight of its pre-recession high.

Airport director Rebecca Hupp says before the recession hit in 2008 there were 21 non-stop flights in and out of Boise serving nearly three million passengers a year. Hupp says when she came on board in 2012 there were only 15 non-stop flights and passenger numbers were down a couple hundred thousand.

Call Center Job Fair
Molly Messick / Boise State Public Radio

Idaho's unemployment rate has dropped to its lowest point since August 2008.  It dropped a tenth of a percent in March to 5.2 percent. 

Bob Fick is with the Idaho Department of Labor. He says the March data continues a trend that started a year and a half ago.

“We’ve seen job creation at two percent to three percent over the last 18 months, while the national rate has been about 1.5, 1.6 every month, year over year," Fick says. "So we’re creating jobs at a significant pace."