Blog Archive

Blog Archive

Monday, March 12, 2012

postheadericon Energy and the economic recovery

Yes, employment numbers are moving up, but there is some other sobering news: Unemployment is still 8.3 percent and will remain above 8 percent until Election Day; at the pace we’re on we won’t get back the jobs lost in the recession till 2020 or so, and we still have a vast number of long-term unemployed and the absolute number of employed people is still below pre-recession levels.

This is not the gaining-strength recovery of 1984 that propelled Reagan to reelection. Is it good enough? Who knows. I think it depends on many unforeseen factors: what become the issues the candidates espouse and real-world events between now and November.

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