http://www.washingtonpost.com/wp-dyn...-2003Sep4.html

Quote:
| The vast majority of the 2.7 million job losses since the 2001 recession began were the result of permanent changes in the U.S. economy and are not coming back, which means the labor market will not regain strength until new positions are created in novel and dynamic economic sectors, a Federal Reserve Bank of New York study has concluded. The findings by Erica L. Groshen, an assistant vice president at the New York Fed, and Simon Potter, a senior economist, will be sobering news to policymakers scrambling to reverse the longest hiring downturn since the Depression. The conclusions of the study, which was published last week, were underscored yesterday by two Labor Department reports showing a surge in corporate productivity even as work hours are plunging. |











: And it really steams me up. It seems like the people who have lost the most under the current regime are often the most vehminent Bush supporters. I see this esp w/the military.
As for me, I'll probably be out of here by then.