
In ISEEK's latest email newsletter, they sent out a story explaining why job recoveries have become slower and slower after each national recession. With 45 months and counting having passed since the recession's official beginning in December 2007, the country is still 2.5 million jobs short. It took 37 months to recover from the 2001 recession, and 23 months to recover from the one in 1991.
Economists Martha Olney (University of Cal-Berkley) and Aaron Pacitti (Siena College) believe the economy is slower to recover because it has moved away from goods production and more towards the service sector. Because of this shift, the economy should take an extra year to bounce back.
When it does bounce back, how will transportation be affected? With the recession now in its sixth year, plenty of infrastructure changes have been made since 2007, including the beginnings of the Twin Cities' light rail system. Rush hour on the highways, although better than other cities, is already thick. What about expanding bike lanes? When the recession does end and job opportunities are back in full swing, we propose that a transportation surge will follow. Are we ready?
Photo courtesy of Scott Nolan/Flickr
When it does bounce back, how will transportation be affected? With the recession now in its sixth year, plenty of infrastructure changes have been made since 2007, including the beginnings of the Twin Cities' light rail system. Rush hour on the highways, although better than other cities, is already thick. What about expanding bike lanes? When the recession does end and job opportunities are back in full swing, we propose that a transportation surge will follow. Are we ready?
Photo courtesy of Scott Nolan/Flickr
























