Industrial Insight

Why this recovery feels different….. | September 18, 2011

http://reason.com/archives/2011/09/15/they-gave-a-recovery-and-nobod/print

They Gave a Recovery and Nobody Came

Some things even the Obama brain trust doesn’t want credit for.

Tim Cavanaugh | September 15, 2011

At the Calculated Risk blog, Bill McBride maintains a handy chart comparing peak-trough-peak employment drops and recoveries for every recession since 1948. The pace of hiring that has held for the last two years would not mitigate job losses from the current recession until around 2018:

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About author

I'm the executive vice president for a steel casting trade association, the Steel Founders' Society of America. I've got a crazy wife, five crazy children, three crazy people that married into the family, and two crazy fun little grandsons.

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