Saturday, December 4, 2010

Employment to Population Ratio

This graph may not be easy to read but the message is clear. The drop in this recession exceeds the drop in prior recessions but it also shows that we are back to where we were 11 months ago. We have lowered interest rates as far as we can and we made a half hearted attempt at fiscal stimulus. This is clearly not a typical recession. There must be structural problems in the economy that are behind the jobless recovery.

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