On Oct 3, 2008, at 11:00 AM, Jim Devine wrote:
The US has been in an
employment recession (falling employment relative to the trend) for
quite awhile.
This is clearly correct. The "trend," though, needs to be specified--
it is
the rate of growth of the age-cohort making up the potential size of
the
labor force.
Shane Mage
"Thunderbolt steers all things...it consents and does not consent to
be called Zeus."
Herakleitos of Ephesos
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