Whether they are relying on anecdotes or statistics, just about everyone knows that the employment situation remains much worse than before the Great Recession began in December 2007.
Data from the Bureau of Labor Statistics show (see figure below) that the share of the U.S. population with a job declined from 62.9 percent in November 2007 to 59.4 percent in June 2009, when the recession officially ended. Since then, this fraction has been largely flat, coming in 0.6 percentage points lower in
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