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October 01, 2012

The Obama "Recovery"

Measuring employment by the actual labor participation rate, the fraction of adult Americans actually working.

This is a recovery?

No. A recovery happens when the trajectory of the economy either catches and surpasses its previous level, or at least can be seen to be on the path to doing so.

This is not a recovery. This is bouncing along the bottom. There is no recovery.


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posted by Ace at 07:43 PM

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