Dec
22nd
Tue
22nd
We Just Had A Lost Decade
People wondering if the US will enter a “lost decade” should just look back … they just had one!
On employment, there were 130,532,000 payroll jobs in December 1999, and 130,996,000 payroll jobs in November 2009; an increase of 464 thousand jobs. However the preliminary estimate of the annual benchmark revision “indicates a downward adjustment to March 2009 total nonfarm employment of 824,000”. So it appear there will be fewer payroll jobs at the end of the aughts than at the beginning.
