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Defying the Odds

Defying the Odds
New book about the 2016 election.

Monday, June 9, 2014

More on the Missing Jobs

Why are Democrats hesitant to tout economic recoveryAt AEI, James Pethokoukis writes:
As a share of total employment, jobs losses during the 2007-2009 recession were twice as bad as those during the 1981-82 downturn, although the jobless rate was higher in the latter. But the subsequent jobs recovery took five times longer this time around.
The 1980s Reagan recovery, as measured by the NBER, began in November 1982, and all the lost jobs from the 1981-82 recession were recovered by the following September, less than a year.
The Obama recovery after the Great Recession began in June 2009, and only last month did total employment fully recover and make a new high.

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