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What the recovery is looking like

December 17, 2013

Patrick Emerson PhD ,

OSU Economist
Oregon Economics Blog

Yes, a very good jobs report and, yes, still some way to go.  The US Unemployment rate dropped to 7% on the back of 203,000 new jobs created.  There is not much to dislike about this report, only hope that we can finally sustain the momentum.

Still, this graph from The New York Times Economix blog shows how much we lost and how slow we have been to recover…and were aren’t there yet.

But even more interesting is the appearance our favorite state economist, Josh Lehner, makes again in the NYT blog for this fascinating graph which suggests that while our recovery might be slow compared to past US recessions, compared to other recoveries from crises, we are not doing too bad at all.



Go Josh!  In fact, bypass the NYTimes in general and go straight to Josh’s post with has it all in three beautiful graphs.


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Discuss this article December 17, 2013

ӏt’s going to be fіnish of mine day, however befoгe end I am reading this great post
tο improve my knowlеdge.

Don Jensen December 19, 2013

I would like to see the “what qualifies as a job criteria” changes that has happened in the the last decade. Can you provide that? Also what is the comparison of folks that getting assistants in the last decade.

Thank you,

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