Post Credit Crisis Job Creation
Source: Oregon Office of Economic Analysis
Last week’s jobs report has returned the U.S. economy back to its peak pre-recession levels of employment. (there is a debate about the quality of jobs being created, but we shall save that conversation for another time).
As the Oregon Office of Economic Analysis reminds us, all financial crises are different, including the Great Recession.
I was as surprised as I suspect you will be to see the US recovery since 2009 has looked much better than many other financial crises. This was a faster recovery than Sweden (1991), Finland (1991), Norway (1987), Spain (1977) and United States (1929). Observers continue to wait out Japan (1992), which still has yet to regain its peak pre crisis employment levels.
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.