nytimes.com - 1/21/2009
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The recession of the early 1980s doesn’t have a catchy name, and many Americans are too young to remember it. But indicators say that these were worse times then. >
blogger.com - 1/21/2009
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blogger.com —
The real U.S. economy has generally been ignored,
including an "overabundance" of real assets and goods, that
raised household living standards at a steeper rate, substantially greater efficiencies of firms, in producing more output with fewer inputs, ...
(more)
"Could Be A Lot Worse. WAS A Lot Worse in 1980s." (US ...
mjperry.blogspot.com - 1/21/2009
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mjperry.blogspot.com —
I thought it would make sense to get
some clearer historical perspective, and the economists at the
Bureau of Labor Statistics (BLS) were nice enough to help me do so. In the last week, they helped me put together a broad measure of the job market — ...
(more)
The Economy Is Bad, but 1982 Was Worse
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The Economy Is Bad, but 1982 Was Worse
CARPE DIEM —
... looked for a job in the last year. And there appear to be several fhundred thousand people — mostly men — who stopped looking for work more than a year ago but would gladly take a good-paying job if one came along. They would lift the rate above 13%. As bad as the number is, it is still not that close to its 1982 peak of 16.32% (or anywhere near its Depression levels, which were probably above 30%). The early 1980s really were that bad. ~David Leonhardt in today's NY Times MP: As I reported earlier, some of the other ...
The US Economy Is Bad, But 1982 Was Worse
Daily Markets —
... counted, somebody must have looked for a job in the last year. And there appear to be several hundred thousand people - mostly men - who stopped looking for work more than a year ago but would gladly take a good-paying job if one came along. They would lift the rate above 13%. As bad as the number is, it is still not that close to its 1982 peak of 16.32% (or anywhere near its Depression levels, which were probably above 30%). The early 1980s really were that bad. ~David Leonhardt in today’s NY Times MP: As I ...
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