Man, people really hate the economy. It’s not a new story. In fact, the only thing interesting about it how not new it is. People hate the Clinton economy. People hated the W. economy. People really hated the Great Recession economy (go figure). People hate the Obama economy, even as it came roaring back better than before the Great Recession. People hated the Trump economy (less so, but that’s another story that’s the same story). People really hated the pandemic economy. People continued to really hate the Biden economy, even as it came back roaring better than before, well, anything...
Continue reading...great recession
How long until we're employed again?
The economy seems to be leveling out, but how long will it take to get employment back to where it was before the Great Recession? Brookings has this frightening chart with some explanation: In recent months, on this blog, we described the job gap — the number of jobs it would take to return to employment levels from before the Great Recession, while also accounting for the 125,000 people who enter the labor force in a typical month. After today’s employment numbers, the job gap stands at almost 11.3 million jobs. How long will it take to...
Continue reading...
Recent Comments