2014-09-06 US under the Greater Depression - no recovery at all!
===================
The labor force participation rate has declined from 66.5% in 2007 prior to the last downturn to 62.7% today. This decline in the participation rate is difficult to reconcile with the alleged economic recovery that began in June 2009 and supposedly continues today. Normally a recovery from recession results in a rise in the labor force participation rate.
The authors of this paper are credible financial analysts, the first author - former Assistant Secretary of the Treasury for Economic Policy under Reagan.
===================
The labor force participation rate has declined from 66.5% in 2007 prior to the last downturn to 62.7% today. This decline in the participation rate is difficult to reconcile with the alleged economic recovery that began in June 2009 and supposedly continues today. Normally a recovery from recession results in a rise in the labor force participation rate.
The authors of this paper are credible financial analysts, the first author - former Assistant Secretary of the Treasury for Economic Policy under Reagan.
No comments:
Post a Comment
All comments are welcome... especially any tips regarding corruption of the courts in Los Angeles. Anonymous tips are fine. One simple way to do it is from internet cafes, etc.