From Pragmatic Capitalism:
This is not the 1930s. It’s not even the early 80s. Heck, it’s not even the 70s. All of these economic downturns were characterized by one glaring similarity – the jobs came back. As The Economist recently noted, the 30s actually had a relatively robust jobs recovery and similar trends were apparent in the 70s and 80s:
“FEARS that the recovery of America’s economy after the financial crisis would fail to spur an increase in employment are being realised.
In July, 52,000 fewer people were employed on non-farm payrolls than in...
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Why unemployment could remain high for decades
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This indicator has a "disturbingly high correlation" with the job market...