Overview of the Great Recession in the Chippewa Valley, Wisconsin and the US

Abstract

Nearly all Americans have been impacted by the recent economic crisis which has been severe enough to now be called The Great Recession. The impacts of this recession include substantial job losses, rising unemployment and bankruptcies, a stagnant housing market and more. This project describes the overall impact of The Great Recession in the Chippewa Valley, Wisconsin and the United States. In particular, we examined what sectors lost the most jobs and if the unemployment effects of this recession impacted various age groups, genders and races differently. Lastly, we explored how this recession affected a variety of local economic indicators including home sales and prices , bankruptcies, building permits and new business incorporations.