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Politics : Politics for Pros- moderated
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To: Lizzie Tudor who wrote (14529)10/30/2003 6:57:24 PM
From: Original Mad Dog  Read Replies (1) of 793597
 
As a supplement to what I just posted to you, the 1981-1983 U.S. economy lost about 2 million nonfarm jobs. Payrolls slowly recovered into early 1984 and then surged for the next 6 years, bringing unemployment down from above 8 to just over 5 percent.

In a recovery, economic growth often comes before job growth.
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