ABSTRACT
The effects of the Great Recession on individuals and workers are well-studied. Declining neighborhood contexts could be a key channel through which the Great Recession has affected individuals and families and continues to affect them into the future. The Great Recession accelerated a deindustrialization process that was already underway, and manufacturing-intensive Public Use Microdata Areas, which had preexisting high unemployment rates, experienced disproportionate increases in unemployment. Many of the nation's most vulnerable communities have borne the brunt of the economic crisis, as poverty, vacancy rates, and particularly unemployment rates increased more in disadvantaged and minority neighborhoods. Poverty rate increases are borne fairly equally across communities during the recession, though they increased slightly more in neighborhoods with higher pre-recession poverty rates. Important research documents the burgeoning numbers of long-term unemployed, the rising poverty rate, and the growing number of homeowners facing foreclosures.
