- The Big Picture - http://www.ritholtz.com/blog -
Yet Another view of Payrolls (post recession)
Posted By Barry Ritholtz On March 4, 2004 @ 10:20 pm In Finance | Comments Disabled
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 . . .
Article printed from The Big Picture: http://www.ritholtz.com/blog
URL to article: http://www.ritholtz.com/blog/2004/03/yet-another-view-of-payrolls-post-recession/
URLs in this post:
 The Economic Policy Institute: http://www.epinet.org/content.cfm/webfeatures_econindicators_jobspict
Copyright © 2008 The Big Picture. All rights reserved.