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That pressure didn't really lift until employment began to accelerate in 1993.
No recovery will seem real and lasting until employment figures improve.
But until employment churn returns to pre-crisis levels, the costs of America's recession will continue to mount.
Recently, the Fed expressed its intent to keep policy rates low for a long time – until employment picks up strongly.
"It's very important for policymakers to provide significant support to the economy -- by which I mean deficit spending -- until employment is definitively moving along," perhaps late this year, said Mark Zandi, chief economist for Moody 'sEconomy .com
Congress and the Obama administration must extend certain components of the stimulus package until employment does revive, including unemployment benefits, food stamps, tax breaks for working families with children and fiscal aid to states.
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Many have put off big-ticket purchases like home appliances until the employment outlook improves.
When nominal rates are at zero you do wait until full employment, or almost-full employment, before tightening policy.
But the bill debated on Wednesday says the freeze should stay on until the employment rate equals 6 percent or less.
http://t.co/pc1W7A7p — IEPhotoNow (@IEPhotoNow) 7 Feb 13 Mr. Dorner served as a patrolman with the Los Angeles Police from 2002 until his employment was terminated in 2008.
Upon graduation, she said, she worked as a teacher and a translator until an employment agency offered to pay her way to New York.
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