At 01:02 PM 9/26/2004 -0500 Dan Minette wrote:
>Let me give a few numbers. In the 15 years from the first quarter of '60
>to the first quarter of '75, jobs increased by 41.4%. Over the last 15
>years of data that I had (last data point Q3, 2003), jobs increased by
>22.0%. The numbers come from the BLS, so I know they are _very_ good. :-)
>If you go from Q1, 1980 to Q3, 2003, you you would find an increase of only
>43.0%, over alsmot 24 years, compared to the 41.4% increase over 15 years.
O.k., I probably stated this a bit unclearly in my earlier post - but a key
consideration has to be rising female labor force participation rates
during the 60's and 70's, which leveled off by the 1990's. The economy
simply *had* to create more jobs as more women entered the work force.
>I sincerely tried not to cherry pick years, but tried to compare about what
>I said. I admit that I referenced data I gathered a few months ago, I can
>get the last few months data if you think it will change things greatly.
>I'm pretty sure it wouldn't.
Off the top of my head, I would point out that your second group includes
three recessions - 1981, 1990, and 2001. I don't think that your 60-75
series includes nearly as many.
Of course, the lack of growth in the *total* jobs number for the last three
years is probably one of the most interesting problems in labor economics
of the day - especially since other data, particularly the unemployment
rate and the total employment rate show a comparatively more positive jobs
picture. Part of the problem is certainly that the US achieved a fairly
significant level of overemployment during the late 1990's as the US
economy overheated.
JDG - Waiting for the post that says that the primary difference is that
Republicans don't create jobs.... because you know its coming.....
_______________________________________________________
John D. Giorgis - [EMAIL PROTECTED]
"The liberty we prize is not America's gift to the world,
it is God's gift to humanity." - George W. Bush 1/29/03
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