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View Diary: Gain in payroll jobs higher than expected. Unemployment rate falls to 7.5%. Revisions soar. (77 comments)

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  •  So what is it about the 2001 and 2007 "recoveries" (2+ / 0-)
    Recommended by:
    mzbitca, Eric Nelson

    that make their curves so much more spread out?

    Has there been a major change in policy or something, or is there something different about these recessions that cause slow recovery?

    "If you don't sin, then Jesus died for nothing!" (on a sign at a Mardi Gras parade in New Orleans)

    by ranger995 on Fri May 03, 2013 at 09:14:28 AM PDT

    •  Good query: I don't know if this answers your.. (3+ / 0-)

      ..question about difference in 2001 & 2007 but in todays picture, Public sector jobs have been slashed by republicans - that is an obious change.

      •    Paul Krugman: "If public employment had grown.. ..the way it did under Bush, we’d have 1.3 million more government workers, and probably an unemployment rate of 7 percent or less."
       Brewtown Gumshoe - Wednesday, April 25, 2012
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       •  Chris Hayes @ UP had a chart & quotes from Justin Lahart (not this chart but similar - I couldn't find Laharts's) @ WSJ not exactly a liberal outfit bringing this fact too - good

       • Public employment has, for the majority of the last recessions under different Presidents, increased during recessions softening the unemployment numbers - except for this administration - according to Chris hayes noting Justin Lahart. It's the purpose of David Vitter et al. and the teabag congress to hurt this economy for political gain. I know, what else is new.

      Even Reagan knew that stimulus spending was necessry during recession times and GWB too.
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      It shows once again the economy does better under Democratic Leadership even coming out of a republican recession, despite those republicans best efforts at sabotaging it.
      ....................................
      Thx MB

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