The Nobel Memorial Prize in Economic Sciences (Nobel Prize in Economics) has the official name as the Sveriges Riksbank Prize in Economic Sciences, in the memory of Alfred Nobel.
This year the Sveriges Riksbank Prize in Economic Sciences was awarded to Elinor Ostrom"for her analysis of economic governance, especially the commons", and to Oliver E. Williamson "for his analysis of economic governance, especially the boundaries of the firm".
On September 5, 2008, the United States Department of Labor issued a report that its unemployment rate rose to 6.1%, the highest in five years[26][27], and the Congressional Budget Office forecasts that the unemployment rate could reach as high as 9% during 2010.[28] The news report cited the Department of Labor reports and interviewed Jared Bernstein, an economist:
Ireland in the first quarter of 2008 reported a contraction in GDP of 1.5 percent, its first economic contraction since it began reporting by quarter and first recorded contraction since 1983.[1] However, Ireland's Central Statistics Office reported growth in GNP of about 0.8 percent, Ireland's government considers GNP a better measure of the economy.