Jobs Recession Now Longest Since WWII

Discussion in 'Politics' started by paulitician, Mar 9, 2012.

  1. paulitician
    Offline

    paulitician Platinum Member Supporting Member

    Joined:
    Oct 7, 2011
    Messages:
    38,401
    Thanks Received:
    4,136
    Trophy Points:
    1,130
    Ratings:
    +11,972
    America remains mired in the longest jobs recession since the Great Depression. It's been 49 months since the U.S. hit peak employment in January 2008. And with nonfarm payrolls still 5.33 million below their old high, the jobs slump will continue for several more years.

    The previous jobs recession record — 47 months — came during and after the comparatively mild 2001 recession, which saw unemployment climb to only 6.3%. The average job recovery time since 1980 is 29 months, not including the current slump.

    The labor market won't truly return to health until some 10 million positions are created to rehire all those who lost their jobs and to absorb new workers.

    The longest jobs recession in decades coincides, not coincidentally, with the longest stretch of anemic economic performance on record.

    U.S. gross domestic profit hasn't risen 4% or more in any quarter since the first quarter of 2006. That's by far the longest such stretch on record going back to 1950. The only other sizable sub-par stretch was a three-year span from late 2000 to mid-2003 during the prior recession and sluggish recovery.

    The current expansion, which began in mid-2009, is particularly disappointing, given the deep recession that preceded it. The best growth was a three-quarter run of 3.8%-3.9% gains.

    Longest Jobs Recession Since Great Depression; Subpar GDP Growth Streak Worst On Record - Investors.com
    DRUDGE REPORT 2012®
     
  2. SniperFire
    Offline

    SniperFire Senior Member

    Joined:
    Feb 28, 2012
    Messages:
    13,627
    Thanks Received:
    1,219
    Trophy Points:
    48
    Location:
    Inside Your Head
    Ratings:
    +1,223
    Hang in there.


    We will shat the Obamanation soon 'nuff.
     
  3. Claudette
    Online

    Claudette Gold Member

    Joined:
    Nov 3, 2009
    Messages:
    19,557
    Thanks Received:
    3,008
    Trophy Points:
    280
    Ratings:
    +7,617
    Don't worry.

    Hope and change will save the day.
     
  4. rightwinger
    Online

    rightwinger Paid Messageboard Poster Gold Supporting Member Supporting Member

    Joined:
    Aug 4, 2009
    Messages:
    120,171
    Thanks Received:
    19,796
    Trophy Points:
    2,190
    Location:
    NJ & MD
    Ratings:
    +45,251
    And Republicans created that one too
     
    • Thank You! Thank You! x 1
  5. Full-Auto
    Offline

    Full-Auto Gold Member

    Joined:
    Jun 13, 2009
    Messages:
    13,555
    Thanks Received:
    1,614
    Trophy Points:
    153
    Ratings:
    +1,615
    Yup they held a gun to franks head and made him say housing was stable.
     
  6. paulitician
    Offline

    paulitician Platinum Member Supporting Member

    Joined:
    Oct 7, 2011
    Messages:
    38,401
    Thanks Received:
    4,136
    Trophy Points:
    1,130
    Ratings:
    +11,972
    If you go on to read the article, it notes that George Bush inherited a Clintion Recession and was turning it around pretty quickly until 9/11 happened. I know the usual suspects will be screeching BOOOOSH any minute, so i just thought i would throw that in there.
     
  7. Claudette
    Online

    Claudette Gold Member

    Joined:
    Nov 3, 2009
    Messages:
    19,557
    Thanks Received:
    3,008
    Trophy Points:
    280
    Ratings:
    +7,617
    Yup.

    The Dems stood around with fingers up asses when the whole thing was going to shit.

    They are innocent as the driven snow and completely blamesless.

    Well according the RW and TDM anyhoo.
     
  8. rightwinger
    Online

    rightwinger Paid Messageboard Poster Gold Supporting Member Supporting Member

    Joined:
    Aug 4, 2009
    Messages:
    120,171
    Thanks Received:
    19,796
    Trophy Points:
    2,190
    Location:
    NJ & MD
    Ratings:
    +45,251
    Franks created the Great Depression now?

    it is hard to keep up with Republican revisionist history
     
  9. paulitician
    Offline

    paulitician Platinum Member Supporting Member

    Joined:
    Oct 7, 2011
    Messages:
    38,401
    Thanks Received:
    4,136
    Trophy Points:
    1,130
    Ratings:
    +11,972
    Frank & Dodd should be wearing orange jumpsuits for what they did to our Country. Shame on them.
     
  10. Mr. Shaman
    Offline

    Mr. Shaman Senior Member

    Joined:
    May 4, 2010
    Messages:
    23,892
    Thanks Received:
    817
    Trophy Points:
    48
    Ratings:
    +819
    REALLY??

    :eusa_eh:
     

Share This Page