brandondawson.org Drupal Website Developer and Consultant

23Jan/110

Where are the phantom jobs?

Great article here discussing how, in the 00's, there should have been 15 million more jobs created than actually were, even after overlooking the exact business cycles that occurred.

This we do know: The U.S. economy created fewer and fewer jobs as the 2000s wore on. Turnover in the job market slowed as workers clung to the positions they held. Job destruction spiked in each of the decade’s two recessions. In contrast to the pattern of past recessions, when many employers recalled laid-off workers after growth picked up again, this time very few of those jobs came back.