On Thu, Jan 14, 2010 at 3:06 PM, Judah McAuley <[email protected]> > > You need to go back and look at your graph again. Those are not graphs > of when recessions started and ended, those are graphs of other > economic indicators and where they stood X number of months after the > beginning of a recession. For instance, the 1990 recession (kind of a > yellow/goldenrod color in your graph) only lasted 8 months. So when > you are looking at the figures 24 months after the start of the 1990 > recession, that recession has been over for 16 months already.
And the 1990 line level off at 10 months and then gradually rises. Only a two month lag. > Which brings up an excellent point, which is that these graphs do not > take into account the length of each of the recessions. A similar, and > probably more useful, comparison would be start at the end point of > each recession. How long did it take for job recovery after each > recession ended? How quickly did economic output pick up after the end > of the recession? Pinpointing the exact technical date of a recessions end is pointless for this graph. We're looking at recovery in employment. You seem to think the current recession is over yet jobs are still plummeting. That's a jobless recovery and is worth less than nothing. > Employment, in particular, is known to be a lagging indicator. The GDP > recovers first and then, after some unknown period, hiring tends to > pick up as companies become less skittish about adding longer term > costs. The GDP is still lower and has only recovered slightly from the bottom. This makes it the worst of all listed. > The economy is not in good shape and jobs are in even worse shape, no > doubt. But these graphs don't say what you seem to think they say. I think they're saying of all the recessions since 1948 this one is the only one that gets worse not better over time ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Want to reach the ColdFusion community with something they want? Let them know on the House of Fusion mailing lists Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:310585 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5
