Productivity, Job Growth and Recovery

Graph of the Week

Mark Thoma at Economist’s View has an interesting post on where we are in the recovery and the impact of a jobless recovery on economic growth.  We seem to be caught in a spiral where consumers aren’t spending, so companies aren’t adding workers, so workers have no money to spend. Although there is more variation by region than the national data reflects, it seems pretty clear that we need to solve the jobs problem as Job One, so to speak.

The Gap Between Jobs and Output


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