Texas Proud
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- May 16, 2005
- Messages
- 17,388
Should there not be job growth coming out of a recession? I don't call almost 10% unemployment a "recovery"...........
IMO, false thinking... There does not have to be job growth coming out of a recession... if we are having growth in GDP, we are not in a recession... in fact, we could be losing jobs and not be in a recession...
Our experience has been that after a recession things turn back to being good and the growth rate is high enough to get all the people that were laid off back to work and also add extra jobs to take the people that are entering the economy... IIRC, the number of people looking for a job grows by over 100,000 per month... so if we are not growing jobs faster than that we are having more unemployed workers even though the economy is growing...
So, again, no, job growth in not a 'requirement'...