Quote:
Originally posted by SoCal911SC
So what? Unemployment is not high right now.
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As a response to the statement that fewer people are employed now than 4-1/2 years ago, this shows a real blind spot. BLS shows overall unemployment down since 1Q/2001 by a million workers, and since the average population growth from 1980-1985 was 11,000,000, we have a shortfall of employed persons -- not even dealing with the issue of underemployment.
There are three terms here: recession, economic growth and recovery.
We have had some economic growth since the '01 recession. We have not recovered from it. So you can certianly argue with my tag, but not with the fact that we are not even back to the 1Q/2001 level of economic health, let alone where we should be with a historic average level of GDP growth (somewhere in the 3% range) since then.