Saturday, July 9, 2011

Employment, thank God were not in a recession.

Check out the employment to population graph posted on Mankiw's site and note that we aren't technically in a recession.  I think this is what Plouffe meant when he said people don't pour over Dept. of Labor reports to guage how things are going.  In this case, they probably aren't too hung up on the definition of recession.

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