- The Big Picture - http://www.ritholtz.com/blog -
Recession Is Over; Jobs Aren’t Trickling Down
Posted By Barry Ritholtz On July 18, 2003 @ 2:49 pm In Finance | Comments Disabled
Dan Altman over at NYT does a nice job explaining the weakness in the present economic recovery:
Recession Is Over; Jobs Aren’t Trickling Down 
You can get the full National Bureau of Economic Research report of the Business Cycle Dating Committee (PDF) here. 
Here’s the most important chart in the report:
(Source: Bureau of Labor Statistics, U.S. Department of Labor)
The dark line shows the movement of employment from May 2000 to the present and the shaded line the average over the previous 6 recessions. Note that in all previous post recession periods, employment started up immediately at the end of the recession. In the present environment, the US economy continues to shed jobs despite the general economic improvements.
Article printed from The Big Picture: http://www.ritholtz.com/blog
URL to article: http://www.ritholtz.com/blog/2003/07/recession-is-over-jobs-arent-trickling-down/
URLs in this post:
 Recession Is Over; Jobs Aren’t Trickling Down: http://www.nytimes.com/2003/07/18/business/18ECON.html
 here. : http://release.nber.org/july2003.pdf
Copyright © 2008 The Big Picture. All rights reserved.