Friday, September 12, 2014
These 5 Facts Debunk U.S. Jobs Recovery Myth - Investors.com
I'm old enough to have experienced previous recoveries.
For me, this doesn't feel the same at all...
For me, this doesn't feel the same at all...
This is from a recent Investors.com opinion column:
"• For all recoveries since World War II, cumulative job growth has averaged 12.5% (see chart). This time, job growth is just 6.2%, the worst on record. Based on this, we would need 8.19 million more jobs just to reach 'average.' That's not a real job recovery at all.
• The labor force shrank 64,000 in the most recent month, pushing the participation rate to 62.8%. The last time it was that low, Jimmy Carter was president."
