Almost 5 years after the end of the recession, with much fanfare about total employment reaching 2007 levels, mean and median duration of unemployment levels are still worse than the highest levels seen in the 1980s double dip recessions. Both measures seem to have stalled with little or no improvement in the last year or so. The mean gap, in particular, looks like the cruel gap.
with much fanfare about total employment reaching 2007 levels
ReplyDeleteWoohoo!
(I can never resist. ;))
Stagflationary Mark,
DeleteThe clown just never gets old, does it? Every economist needs one.