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Stagnation.
From 1990 – 1995 we saw a recession then slow expansion of ~1% per year. Compared to real growth in the late 90s of nearly 3%/yr.
do you remember the job market in 1990, 1991, and 1992?
Year, Nominal GDP(billions of dollars), Nominal GDP per Capita(current dollars) Real GDP per Capita (2000 dollars) 1990 $5803.1 $23247 $28493 1991 $5995.9 $23701 $28067 1992 $6337.7 $24707 $28601 1993 $6657.4 $25613 $28981 1994 $7072.2 $26878 $29779 1995 $7397.7 $27782 $30163 1996 $7816.9 $29017 $30917 1997 $8304.3 $30458 $31922 1998 $8747.0 $31709 $32868 1999 $9268.4 $33215 $33939 2000 $9817.0 $34788 $34788 2001 $10128.0 $35524 $34692 2002 $10469.6 $36360 $34899 2003 $10960.8 $37693 $35424 2004 $11712.5 $39885 $36449 2005 $12455.8 $41974 $37232