The U.S. labor market is like an aging athlete; it is taking longer and longer to recover from recessions. It took two and a half years to regain the jobs lost during the 1990-92 recession. The next recession, which came in 2001, was short and mild (GDP barely fell), but it took four years for the job market to heal, prompting the Federal Reserve to administer the economy a long course of low interest rates.

Read all: Recessions Push People to Buy Cheap Things, Which Just Makes Everything Worse

My point of view:  assume that after a recession no job market recovery will take place and that the loss of jobs intensifies. What does this imply for you as a professional and person and for your business?

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