Cancel 2020.1
Canceled
Desh, seriously - are you insane? What do you think bumping these posts is proving?
In case you're not sure, it's proving YOU wrong.
In case you're not sure, it's proving YOU wrong.
dude ,
You were partially right.
you acted like its always been a lagging indicator.
that has not been the case.
when growth returned so did job creation.
what does that line mean to you?
Its means it has not always been a lagging indicator.
why do you refuse to accept the facts yet again?
http://www.dispatch.com/content/stor...-recovery.html
From 1948 through 1982, recessions and recoveries followed a tight pattern. Growth plunged in the downturn, then spiked quickly. When growth returned, so did job creation.
You can see those patterns in comparisons of job creation and growth rates across post-World War II recoveries. Starting in 1949 and continuing for more than 30 years, once the economy started to grow after a recession, major job creation usually followed within about a year.
At the height of those recoveries, every 1 percentage point of economic growth typically spurred about 0.6 percentage points of job growth. You could call that number the “job intensity” of growth.
The pattern began to break down in the 1992 recovery, which began under President George H. W. Bush. It took about three years — instead of one — for job creation to ramp up. Even then, the “job intensity” of that recovery barely topped 0.4 percent.
The next two recoveries were even worse. Three-and-a-half years into the recovery that began in 2001 under President George W. Bush, job intensity was stuck under 0.2 percent. The Obama recovery is now up to an intensity of 0.3 percent, or about half the historical average.
jobs and such
he was correct.
he correctly saw this mess coming and you treated him like shit.
and here you are pretending your smarter than him.
stay Classy
the pattern has changed
do you even care why?
do you know why this pattern has changed?
dude ,
You were partially right.
you acted like its always been a lagging indicator.
that has not been the case.
Upon researching past employment information it appears as if there is no convincing evidence that jobs as a whole are a lagging indicator:
The following charts are year over year unemployment rate and non-farm payrolls along with the S&P 500 since 1970. We’ve had 4 major recessions since 1970 excluding the current one. In 2001 NFP bottomed well in advance of the market. NFP bottomed in Q4 of 2001 while the market actually continued to decline throughout most of 2002. In the 1990-91 recession NFP bottomed in Q1 1991 while the market bottomed well in advance. In the 1981 recession NFP reached its worst levels in the middle of 1982. The market, however, did not rebound until Q4 1982. During the 1974 recession NFP bottomed in Q4 1974 while the market bottomed in Q4 of 1974. In just 2 out of 4 cases the market actually led job losses.