Yeah, Right, The Recession’s Over
January 31st, 2010
We’ve been hearing more about “jobless recoveries” over the years, but it’s pretty profound how rapidly the trend is increasing. Calculated Risk:
Months to Return to Full Employment
1981: 28
1990: 31
2001: 47
2007: ??
This multi-decade trend suggests to me that there’s something secular and structural at play. I suggest this.
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