General Discussion

FogerRox

(13,211 posts)

5. Nothing to wonder about.

Thu May 17, 2012, 04:58 PM

May 2012

Some might call it the fook it category

Prior to the New Deal tax policy and GLass Steagall II, (1800-1938) there was a economic down turn on average every 4.3 years, 28 of 31 lasted from 1 to 5 years, shedding 20-30% of jobs, peak to trough -15% to -33%

From 1938 to 1988 there 3 recessions that were worse than negative 1%. 1947-1958-1982. All 3 saw significant job creation in recovery.

3 recessions since 1988- 1990-2000-2008 saw jobless recoverys, 2008 saw peak to trough -4.3%, shedding 20% of jobs, and has lasted going on 4 yrs.

It may be the pattern has re established itself.

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Here is a BLS paper describing undercounting of long-term discouraged umemployed: [View all] phantom power May 2012 OP

How, exactly, ARE you in the labor force after 12 months of not trying? dmallind May 2012 #1

Here's the thing... phantom power May 2012 #3

I'LL tell you exactly how that works. I am an older person looking for work... matthews Aug 2013 #8

U6 peaked at 17.2% FogerRox May 2012 #2

The last couple years on that plot are interesting phantom power May 2012 #4

Nothing to wonder about. FogerRox May 2012 #5

I guess that would be consistent with the ongoing rejection of Keynesian econ and the New Deal phantom power May 2012 #6

We would agree, Did you see the Eliz Warren video FogerRox May 2012 #7