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Chart of the Week: Nonfarm Payrolls % change from recession end

Posted By Barry Ritholtz On February 12, 2004 @ 1:11 pm In Finance,Media | Comments Disabled

We revisit this chart (shown previously), which starkly presents the evidence of why this recession/recovery cycle is so very different from the preceding business cycles. Present job growth is failing to even outpace population growth. The failure to create jobs at this late date leads to the conclusion that permanent, structural changes have occurred in the economy.

Nonfarm Payrolls (% change from recession end)
post_recession_non_farm_payrolls_feb_2004.gif [1]
Source: Chart of the Day [1], February 10, 2004

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Probing Greenspan’s Easy-Money Madness [3]
Everybody loves Alan [4]
CEO Overconfidence and the Urge to Merge [5]
Human Intuition is a Bad Guide to Handling Risk [6]
Wages gap grows [7]

Quote of the Day:
“I never cease being astounded about how [Greenspan’s] observations about our economy are so far removed from the reality that I see every day in my state, middle class people, and what I see all over the country. It’s like we live in two different worlds.”

-Bernie Sanders [8], Congressman from Vermont (I)


Article printed from The Big Picture: http://www.ritholtz.com/blog

URL to article: http://www.ritholtz.com/blog/2004/02/chart-of-the-week-nonfarm-payrolls-change-from-recession-end-2/

URLs in this post:

[1] Image: http://www.chartoftheday.com

[2] Guns, Butter And the Deficit: http://www.msnbc.msn.com/id/4209185/

[3] Probing Greenspan’s Easy-Money Madness: http://www.thestreet.com/_tscrmb/markets/detox/10143159.html

[4] Everybody loves Alan: http://money.cnn.com/2004/02/11/commentary/column_hays/hays2/index.htm

[5] CEO Overconfidence and the Urge to Merge: http://knowledge.wharton.upenn.edu/article/937.cfm

[6] Human Intuition is a Bad Guide to Handling Risk: http://www.turtletrader.com/intuition.html

[7] Wages gap grows: http://www.csmonitor.com/2004/0211/p03s01-usec.html

[8] Bernie Sanders: http://bernie.house.gov/

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