Authors: Brian W. Cashell, Government and Finance Division
Abstract: The current economic expansion has been one of relatively sluggish employment growth. Although real GDP surpassed its previous peak in the fourth quarter of 2001, total employment still had not regained its previous peak as of July 2003. For that reason, the economy is said by some to be experiencing a jobless recovery, not unlike the beginning of the economic expansion of the 1990s.
Pages: 6
Date: Updated August 27, 2003
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Order number: RS21602
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