[BostonCard]

Make that two lost decades....

https://www.economist.com/finance-and-ec...ost-decade

[color=rgba(255, 255, 255, 0.78)]Even in the rosiest of scenarios, the outlook for those without a job seems grim. Were unemployment to fall as quickly as it did from 1933 to 1937, a return to pre-pandemic jobless rates would still take half a decade. At the rate of improvement experienced after the financial crisis, by contrast, full recovery could take two decades. All that after the hardship of the 2010s seems nearly unthinkable. Yet without a hefty dose of good luck and an aggressive government effort, America’s unemployed face a real risk of another lost decade—or two. [/color][color=rgba(255, 255, 255, 0.78)]■[/color]

BC

[BostonCard]

Make that two lost decades....

https://www.economist.com/finance-and-ec...ost-decade

[color=rgba(255, 255, 255, 0.78)]Even in the rosiest of scenarios, the outlook for those without a job seems grim. Were unemployment to fall as quickly as it did from 1933 to 1937, a return to pre-pandemic jobless rates would still take half a decade. At the rate of improvement experienced after the financial crisis, by contrast, full recovery could take two decades. All that after the hardship of the 2010s seems nearly unthinkable. Yet without a hefty dose of good luck and an aggressive government effort, America’s unemployed face a real risk of another lost decade—or two. [/color][color=rgba(255, 255, 255, 0.78)]■[/color]

BC