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Overnight Open Thread

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Wozza Matter?10/11/2010 6:26:31 am PDT

re: #90 lawhawk

Ending of recession is a very technical definition entirely unrelated to job creation. The recession ending just means annual growth is out of the red after two straight quarters.

Unemployment is a lagging indicator of economic performance - and much of the increased productivity in the economy is due to employees doubling down to save their own jobs and picking up work previously done by their now exited co-workers. A situation that is unsustainable for any serious length of time.