Employment Growth, Recession and Comparison to 08: Some Thoughts
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Will 2023 be the next ‘Great Recession’?
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The BLS recently published the following graph showing cumulative job growth and losses since 1990. What’s striking to is that while the growth has been a very consistent 21-24 million in each expansion, aside from the 2007 (the early ‘aughts’), losses have grown in each of the past five recessions.
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