-------- Original Message -------- Subject: Re: [lbo-talk] How bad the recession? Date: Sun, 03 Jul 2011 16:12:05 -0400 From: SA <S11131978 at gmail.com> To: lbo-talk at lbo-talk.org
On 7/3/2011 3:47 PM, Doug Henwood wrote:
> 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.
I'm not sure if this is in reference to what we were talking about last month at your place, but if it is...yes, but the same thing happened in the 1950's: In July 1953 it was 57.4% and in April 1960 it was 56.4%.
SA
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Whoops, sorry. You're doing trough-to-peak, I'm doing peak-to-peak.
Peak-to-peak the 1953-60 cycles saw the EPOP fall from 57.4% to 56.4%. The 2001-2007 cycle saw it fall from 64.3% in March '01 to 62.7% in Dec. '07.
SA