lies , lies and more lies
why they not ask the people on the street (for their viewpoint?)
“The U.S. jobs market has recovered (or has it?)”
The number of Americans with jobs has at long last gotten back to where it was before the state of the recession.
As the chart above shows, this has taken much longer than after any previous recession since World War Two.
But this doesn’t mean the U.S. economy is back to normal. The population has grown since then, and so we still have a higher number of Americans than before who are out of work.
Economists define a recession as two quarters of a year in which GDP (output of goods and services) has fallen, and a recovery as two quarters in which GDP has risen again.
In theory this would automatically mean an increase in jobs. If the output of goods and services is increasing, then supposedly more people are being put to work to produce these goods and services. But this time around, there is a disconnect.
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