recessions: ATTENTION REALTORS: HOUSING- Why Today's Recovery is Jobless - Krugmann's answer
- 12/28/09 01:01 AM
Why Today's Recovery Is Jobless..Krugmann's answer....HOUSING. Prior to 1990, recoveries from recession, as measured by industrial output, were closely correlated with the return to higher levels of employment and a generally healthy job market. Since the recession from 1990 to 1992, the pattern has changed with a significant gap developing between the onset of a recovery in output "e.g. industrial production" and the generation of jobs and a return of more normal conditions in the labor market. In general, job growth and employment opportunity occur much later and frequently at a reduced strength in the business cycle. Paul Krugman and other economists have suggested … (0 comments)
Why Today's Recovery Is Jobless..Krugmann's answer....HOUSING.
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