Tuesday, July 27, 2010

Are Robust Recoveries From Recessions Just a Myth?

The rate of job growth after a recession for the last five recessions. Notice how job growth after recent recessions has been shallower.
From The Atlantic

Worry about the economy is making the  Consumer Confidence Index plummet, although I believe that the Gulf Oil Spill is also hurting American confidence.

Interestingly job growth after a recession has been getting more and more sluggish over the last few economic cycles.  Why? Who really knows?  I think that better computer tools are allowing better automation. Recessions really allow the economy to retool, and become more efficient.

This recession may be worse in that the interest-sensitive housing sector is not able to pull us out.

Rutgers has more statistics on this recession,  see below.