[quote=sdduuuude] Employment always recovers in the middle or towards the end of a recession. If he’s thinking 2011, that could mean a 4 or 5-year recession. [/quote]
Not true. Employment typically recovers after recessions have ended. And in some cases long after the recession ended. The reason is simple: companies do not add staff before seeing an increase in demand for their goods or service.
Recent examples …
Recession of July 1990 to March 1991, but Unemployment rate peaked in 1992.
Early 1980s Recession : January-July 1980 and July 1981-November 1982: 2 years total. Peak Unemployment 1982.
