Where Are the Jobs?
Gad Levanon, Ph.D.
By March 2011, the number of people employed in the United States was roughly the same as in June 2009—the final month of the Great Recession. In other words, 21 months into the recovery, the U.S. economy has failed to add any jobs despite economic growth. In fact, employment growth in the current recovery is quite similar to the previous two recoveries, slightly stronger than the recovery from the 2001 recession and slightly weaker than the recovery from the 1990–1991 recession. But when looking across industries, the current recovery is showing some unique trends.