In March, 21 months into recovery, the number of people employed in the United States was roughly the same as June 2009 — the month that marked the end of the Great Recession. According to nonprofit The Conference Board, the U.S. economy just can't bounce back like it used to.
The recovery is the second slowest on record since 1961. [See Jobless apps hit 8-month high]
A weak growth trend in both jobs and GDP began under the Bush administration in 1991. The Conference Board reports in the last three recoveries, neither GDP nor employment "roared back" as was typical after earlier downturns.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.