Skip to main content

View Diary: Gain in payroll jobs higher than expected. Unemployment rate falls to 7.5%. Revisions soar. (77 comments)

Comment Preferences

  •  So what is it about the 2001 and 2007 "recoveries" (2+ / 0-)
    Recommended by:
    mzbitca, Eric Nelson

    that make their curves so much more spread out?

    Has there been a major change in policy or something, or is there something different about these recessions that cause slow recovery?

    "If you don't sin, then Jesus died for nothing!" (on a sign at a Mardi Gras parade in New Orleans)

    by ranger995 on Fri May 03, 2013 at 09:14:28 AM PDT

    •  Good query: I don't know if this answers your.. (3+ / 0-)

      ..question about difference in 2001 & 2007 but in todays picture, Public sector jobs have been slashed by republicans - that is an obious change.

      •    Paul Krugman: "If public employment had grown.. ..the way it did under Bush, we’d have 1.3 million more government workers, and probably an unemployment rate of 7 percent or less."
       Brewtown Gumshoe - Wednesday, April 25, 2012
      Image Hosted by

       •  Chris Hayes @ UP had a chart & quotes from Justin Lahart (not this chart but similar - I couldn't find Laharts's) @ WSJ not exactly a liberal outfit bringing this fact too - good

       • Public employment has, for the majority of the last recessions under different Presidents, increased during recessions softening the unemployment numbers - except for this administration - according to Chris hayes noting Justin Lahart. It's the purpose of David Vitter et al. and the teabag congress to hurt this economy for political gain. I know, what else is new.

      Even Reagan knew that stimulus spending was necessry during recession times and GWB too.
      Image Hosted by

      It shows once again the economy does better under Democratic Leadership even coming out of a republican recession, despite those republicans best efforts at sabotaging it.
      Thx MB

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site