Asymptosis: Always Approaching

Yeah, Right, The Recession’s Over

We’ve been hearing more about “jobless recoveries” over the years, but it’s pretty profound how rapidly the trend is increasing. Calculated Risk:

Months to Return to Full Employment
1981:  28
1990:  31
2001:  47
2007:  ??

This multi-decade trend suggests to me that there’s something secular and structural at play. I suggest this.

Related posts:

  1. Length of Unemployment is Worst Since World War II
  2. One Thousand Words on Prosperity Growth
  3. Government Investment and the Post-70s Prosperity Gap
  4. Secular Stagnation: A Three-Decade Overcorrection
  5. Government: BAD? — Part 3: Taxes and GDP Growth

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2 responses to “Yeah, Right, The Recession’s Over”

  1. Jobless Recoveries Getting Longer and Longer… « econfuture | Future Economics and Technology

    […] Longer and Longer… February 2, 2010 econfuture Leave a comment Go to comments Steve Roth at Asimtosis has a nice graph showing how jobless recoveries are getting longer and longer—in fact quite […]

  2. Asymptosis » Are Machines Replacing Humans? Or: Am I a Luddite?

    […] it also explain the rapidly increasing lengths of “jobless recoveries” since the […]