eXc: Nous aimons la liberté, l'état de droit, l'héritage des Lumières, la séparation de l'église et de l'état, l'humour. Nous n'aimons pas le fascisme, le communisme, l'antiaméricanisme, l'antisémitisme, le racisme, la bureaucratie, les totalitarismes. Nous estimons que le plus grave danger que courent les démocraties libérales est de céder à l'islamofascisme. Lire plus

Obama, champion! (2)

Posté le Samedi 10 septembre 2011 par Sittingbull

You can see at a glance that the pink line indicating the current recession — yes, that one down near the bottom of the chart — is an outlier in the group. It shows that by the 43rd month of the downturn, the ratio stood at just over 58 percent, meaning that 58 percent of the population was employed. That figure is 4.6 percent less than at the recession’s start, when more than 62 percent were working. And it means that this employment decline is steeper, deeper, and longer than in any of the previous five recessions by a long shot.

Even in the two worst recoveries during the past forty years, this ratio never before declined by more than three percent. By the time the five recessions were this far along, employment had returned either to pre-recession levels, or to a distance from the recession’s start that was, at worst, two percent, compared to the current more than four percent.

Together, this data makes the case that we’re in a prolonged slump that’s highly unusual, and requires action that’s far more aggressive than the usual responses. Job creation should be the government’s urgent, first priority. The nation needs to recognize just how perilous the employment disaster is — and what a marked departure this recession is from any we’ve seen in the modern era.

Dimitri B. Papadimitriou is president of the Levy Economics Institute of Bard College, and executive vice president and Jerome Levy Professor of Economics at Bard.

Sittingbull @ 11:10
Catégorie(s): Politique américaine etPolitiques économiques


Laisser un commentaire