[lbo-talk] How bad the recession?

Doug Henwood dhenwood at panix.com
Sun Jul 3 12:47:02 PDT 2011


On Jul 3, 2011, at 3:30 PM, SA wrote:


> So far, the employment rate has *fallen* by a percentage point since the *end* of the recession. It's now lower than its 2010 average. So judging by current trends, we'll have double-digit unemployment again within a few years.

BY the way, the employment/pop ratio fell during the 2001-2007 expansion. It was 63.0% in November 2001, and ended at 62.7% in December 2007.

Doug



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