Yet Another view of Payrolls (post recession)

Thursday, March 04, 2004 | 10:20 PM

This is the a pretty grim graphic of how this stimulus driven recovery matches up against the prior post WWII cycles. It puts the silly "Payroll vs Household Survey" argument to rest:


Source: The Economic Policy Institute

Regardless of which survey you prefer, this has been an atypical, job lacking recovery cycle. And given the massive bubble, over investment, and excess capacity created by the tech/internet/telecom mania of the late 90s, its likely to persist for a while.

The effects of Bubbles and Manias are cured mostly by time . . .

Thursday, March 04, 2004 | 10:20 PM | Permalink | Comments (0) | TrackBack (0) add to | digg digg this! | technorati add to technorati | email email this post



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