Unsteady Footing

Source: WSJ

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  1. Futuredome commented on May 18

    Sorry, but I don’t see this at all. Comparing this recovery to the past 3 recoveries is a waste of time. Why not compare it to every recovery since 1900? For example, new labor market entrants were growing at a whopping 3% a year in 1984. You better believe Non-farm payrolls should have been higher………

    Data by its nature is flawed. We can’t adjust for demographic changes and technology changes.

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