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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:

jobs_vs_prrior_recoveries_200402.gif

Source: The Economic Policy Institute [1]

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 . . .


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URL to article: http://www.ritholtz.com/blog/2004/03/yet-another-view-of-payrolls-post-recession/

URLs in this post:

[1] The Economic Policy Institute: http://www.epinet.org/content.cfm/webfeatures_econindicators_jobspict

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