Jobs Recession Now Longest Since WWII

paulitician

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Oct 7, 2011
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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®
 
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®

And Republicans created that one too
 
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®

And Republicans created that one too
Yup they held a gun to franks head and made him say housing was stable.
 
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.
 
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.
 
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®

And Republicans created that one too
Yup they held a gun to franks head and made him say housing was stable.

Franks created the Great Depression now?

it is hard to keep up with Republican revisionist history
 
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®

And Republicans created that one too
Yup they held a gun to franks head and made him say housing was stable.

Frank & Dodd should be wearing orange jumpsuits for what they did to our Country. Shame on them.
 
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®

 
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®


That all you got? That's a huge Obama-Bot crash there. :lol:
 
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®


That all you got? That's a huge Obama-Bot crash there. :lol:

March 9, 2012

Solid Job$ Growth

"Employment grew solidly for a third straight month in February, a sign the economic recovery was strengthening and in less need of further monetary stimulus from the Federal Reserve.

Employers added 227,000 jobs to their payrolls last month, the Labor Department said on Friday, while the unemployment rate held at a three-year low of 8.3 percent even as people flooded back into the labor force to hunt for jobs.

Not only was job growth a bit stronger than the 210,000 economists polled by Reuters had expected, but the government said 61,000 more jobs were created in December and January than previously thought.

Nonfarm payrolls have now grown by more than 200,000 for three months in a row - bolstering President Barack Obama's chances for re-election. Employment growth has averaged 245,000 a month over the last three months."

:woohoo: . :woohoo: . :woohoo: . :woohoo: . :woohoo:

:party:
 


REALLY??

:eusa_eh:

That all you got? That's a huge Obama-Bot crash there. :lol:

March 9, 2012

Solid Job$ Growth

"Employment grew solidly for a third straight month in February, a sign the economic recovery was strengthening and in less need of further monetary stimulus from the Federal Reserve.

Employers added 227,000 jobs to their payrolls last month, the Labor Department said on Friday, while the unemployment rate held at a three-year low of 8.3 percent even as people flooded back into the labor force to hunt for jobs.

Not only was job growth a bit stronger than the 210,000 economists polled by Reuters had expected, but the government said 61,000 more jobs were created in December and January than previously thought.

Nonfarm payrolls have now grown by more than 200,000 for three months in a row - bolstering President Barack Obama's chances for re-election. Employment growth has averaged 245,000 a month over the last three months."

:woohoo: . :woohoo: . :woohoo: . :woohoo: . :woohoo:

:party:

Reboot Obama-Bot nutter. That's weak. :lol:
 
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.

Yes, GWB did inherit Clinton's recession but the magnitude of the recession of 2001 was dwarfed greatly by thesecond biggest economic downturn in the last hundred years in 2007. Yet the unemployment rate didn't get close to where it was prior to the 2001 recession until almost 4 years later. To top that off, like under Obama, the unemployment rate didn't tell the entire story because so many discourage workers dropped off the way the unemployed are counted as the graph below illustrates.
 
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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®

How will laying off millions more Americans, both in the government and in the private sector associated with the government,

make that better??
 
“our assets are so riskless, we could have a capital ratio of under 2%.” - Frank Raines (Democrat) Fannie Mae CEO

“I worry about increasing the capital requirements…I’d like to get Fannie and Freddie more deeply into helping low income housing and possibly moving into something that’s more explicitly a subsidy (taxpayer money used as principle in subprime mortgages). My concern is that this would not what would be a regulator’s or Treasury’s idea of what would be the best way of promoting safety and soundness…“ - Barney Frank (D-MA)

“I’m just pissed of at OFHEO (the regulator), because if it wasn’t for you I don’t think that we’d be here in the first place…you’ve given them an excuse to try to have this forum so that we can talk about it and maybe change the direction and the mission of what the GSEs had, which they’ve done a tremendous job." - Gregory Meeks (D-NY)

“I don’t want the same kind of focus on safety and soundness that we have in OCC (Office of the Comptroller of the Currency) and OTS (Office of Thrift Supervision). I want to load the dice a little bit more in this situation towards subsidized housing.” - Barney Frank (D-MA)

“nearly a dozen hearings where, frankly, we were trying to fix something that wasn’t broke… In fact, the GSEs (Fannie, Freddie) have exceeded their housing goals. What we need to do today is to focus on the regulator, and this must be done in a manner so as not to impede their affordable housing mission – a mission that has seen innovation flourish, from desktop underwriting (no formal analysis) to 100% loans (no collateral).” - Maxine Waters (D-CA)

“And my worry is that we’re using the recent safety and soundness concerns, particularly with Freddie, and with a poor regulator, as a straw man to curtail Fannie and Freddie’s mission.” - Charles Schumer (D-NY)

------- SHTF ------- SHTF ------- SHTF ------- SHTF -------

"Subprime lending started off as a good idea - helping Americans buy homes who couldn’t previously afford to. Financial institutions created new financial instruments that could securitize these loans, slice them into finer and finer risk categories and spread them out among investors around the country and around the world. In theory, this should have allowed mortgage lending to be less risky and more diversified." - Barack Obama (D-IL) September 2007

“I think that the responsibility that the Democrats had may rest more in resisting any efforts by Republicans in the Congress, or by me when I was President, to put some standards and tighten up a little on Fannie Mae and Freddie Mac.” – Bill Clinton (D-AR-Former President), September 25, 2008

“Like a lot of my Democratic colleagues I was too slow to appreciate the recklessness of Fannie and Freddie. I defended their efforts to encourage affordable homeownership when in retrospect I should have heeded the concerns raised by their regulator in 2004. Frankly, I wish my Democratic colleagues would admit when it comes to Fannie and Freddie, we were wrong.” – Congressman Artur Davis (D-AL) , September 30, 2008

"It's difficult to imagine that the inability of somebody to pay for a house in Florida could contribute to the failure of the banking system in Iceland. Today what's difficult to imagine is that we did not act sooner to shape our future." - Barack Obama (D-IL-President) April 2009
 

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