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Title: A Lost Decade for Jobs
Source:
Bloomberg Businessweek
URL Source: http://www.businessweek.com/the_thr ... s/2009/06/a_lost_decade_f.html
Published: Jun 23, 2009
Author: Michael Mandel
Post Date: 2010-10-26 11:56:38 by lucysmom
Keywords: jobs, economy, Bush
Views: 4886
Comments: 7
Between May 1999 and May 2009, employment in the private sector sector only rose by 1.1%, by far the lowest 10-year increase in the post-depression period. It’s impossible to overstate how bad this is. Basically speaking, the private sector job machine has almost completely stalled over the past ten years. ... Without a decade of growing government support from rising health and education spending and soaring budget deficits, the labor market would have been flat on its back.
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#2. To: lucysmom (#0)
And between 2001 and January of 2007? (laughing)
(laughing)
#7. To: Capitalist Eric (#6)
Exactly. The economy and employment IMPLODED beginning with Pelosi's becoming Speaker.
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#6. To: Badeye (#2)
And between 2001 and January of 2007?
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