Study: Firms that owed more also laid off more workers during the 2007-2009 recession

(Massachusetts Institute of Technology) The debt levels of large companies just before the Great Recession of 2007-2009 are strongly linked to local unemployment spikes during that time, a novel study co-authored by an MIT professor finds -- adding another dimension to our picture of the recent economic crisis.
Source: EurekAlert! - Social and Behavioral Science - Category: Global & Universal Source Type: news