An Interesting Chart on Job Losses

I ran across the following chart from, and found it interesting: As one can see, the current degree of job losses is rather atypical. I would also like to highlight another issue as well.  From a historical perspective, this (purported) recession, that the NBER has classified as having started in December 2007, is … Read moreAn Interesting Chart on Job Losses

“Jobless Recovery”

It seems as if more and more economic forecasters believe that the economy will progressively get better by year-end, but that employment will lag considerably.  Often the “jobless recovery” theme is either overtly mentioned or at least hinted. Can such a “jobless recovery” exist, given the current level of indebtedness at the personal, municipal, state and … Read more“Jobless Recovery”