Levy, Mickey D.; Kretzmer, Peter E.
a glaring weakness. During the so-called ?jobless recovery? of 1991-1992, employment began turning 15 months into the … consecutive monthly declines in payrolls prior to September?s modest gain, private employment is 3.3 million, or 2.9%, below the … trough. Manufacturing employment has declined for 38 consecutive months. While expectations for employment gains are building …