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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Lizzie Tudor who wrote (17112)2/11/2004 1:05:50 AM
From: gpowellRead Replies (1) of 306849
 
8% GDP with no job growth

Inventory corrections and increases in capacity utilization. Labor hours went up, but not employees. First phase of a recovery should not result in much job creation.

Productivity usually decreases entering a recession and recovers at the tail end of the recession. Employers, will retain productive employees for long periods at reduced outputs knowing when the cycle rebounds that these employees will be needed. You see this trend with skilled workers mostly.
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