Uploads from U.S. GAO, tagged recession

Figure 3: Percentage of Adults with Incomes Below 200 Percent of the Poverty Level by Age Group, 2007-2010

nobody@flickr.com (U.S. GAO) — Tue, 01 Nov 2011 07:00:59 -0700

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This image is excerpted from a U.S. GAO report: www.gao.gov/products/GAO-12-172T

Source: U.S. Census Bureau, Current Population Survey, Annual Social and Economic Supplements.

Note: Estimates have 95 percent confidence intervals that are within +/- 3 percent of the estimate itself. All statements made in the text were found to be statistically significant. “Poverty level” refers to levels determined by the Census Bureau.

Figure 2: National Unemployment Rate and Federal Fiscal Assistance to State and Local Governments, 1973 to 2010

nobody@flickr.com (U.S. GAO) — Thu, 31 Mar 2011 15:07:51 -0700

U.S. GAO posted a photo:

This image is excerpted from a U.S. GAO report: www.gao.gov/products/GAO-11-401

a) Pub. L. No. 111-226 has no official title, so we refer to this act as The 2010 Education Jobs and Recovery Act FMAP Extension.

b) Other forms of federal assistance were provided, but these approaches did not focus on fiscal assistance to state and local governments. These other forms of federal assistance included: The Job Training Partnership Act, Pub. L. No. 97-300 (Oct. 13, 1982); Public Law No. 98-8, known as the Emergency Jobs Appropriations Act of 1983 (March 24, 1983); and the Supplemental Appropriations Act of 1993, Pub. L. No. 103-50 (July 2, 1993).

Figure 3: Changes in State and Local Government Current Tax Receipts during National Recessions, 1973 through 2010

nobody@flickr.com (U.S. GAO) — Thu, 31 Mar 2011 15:07:51 -0700

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This image is excerpted from a U.S. GAO report: www.gao.gov/products/GAO-11-401

Note: Quarter 0 denotes the peak of an NBER business cycle. The number of quarters shown for each recession represents the amount of time needed for tax receipts to return to or surpass their levels at the beginning of the recession period (NBER business cycle peak). For the 2007 recession, receipts have yet to return to their peak levels. The levels of state and local current tax receipts for each recession are indexed to their levels at the beginning of the recession period. Current tax receipts are tax revenues received by these governments from all sources.

Figure 6: Net Investment, Lending, and Borrowing in the State and Local Government Sector

nobody@flickr.com (U.S. GAO) — Thu, 31 Mar 2011 15:07:52 -0700

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This image is excerpted from a U.S. GAO report: www.gao.gov/products/GAO-11-401

Notes: Net lending or net borrowing is comprised of total receipts minus total expenditures. Net lending occurs when total receipts exceed total expenditures and net borrowing occurs when total expenditures exceed total receipts. Net investment is gross government investment minus consumption of fixed capital.

Figure 1: Variation in Percentage Point Changes in State Unemployment Rates during Past National Recessions

nobody@flickr.com (U.S. GAO) — Thu, 31 Mar 2011 15:07:50 -0700

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This image is excerpted from a U.S. GAO report: www.gao.gov/products/GAO-11-401

Note: The figure depicts percentage point changes in unemployment rather than actual unemployment rates. We calculated the change in unemployment by subtracting each state’s unemployment rate at the time of an NBER trough from the unemployment rate at an NBER peak. The 1973 recession is excluded because the BLS data series used begins with 1976.

Figure 1: Average Income by Source for Households in the Lowest, Middle, and Highest of Five Income Groups, 2008

nobody@flickr.com (U.S. GAO) — Tue, 01 Nov 2011 07:01:00 -0700

U.S. GAO posted a photo:

This image is excerpted from a U.S. GAO report: www.gao.gov/products/GAO-12-172T

Source: GAO and SSA [Social Security Administration] analysis of 2008 income data from the March 2009 U.S. Census Bureau, Current Population Survey, Annual Social and Economic Supplement.

Note: Households are defined here as either a married couple living together where one member is 65 or older, or a single person age 65 or older. Income from other people (such as adult children living at home) is not included in household income. “Other” includes noncash benefits, unemployment compensation, workers’ compensation, and personal contributions.