https://pioneerinstitute.org/wp-content/uploads/recession1.jpg 1365 2048 John Friar https://pioneerinstitute.org/wp-content/uploads/logo_440x96.png John Friar2011-07-01 09:49:242020-07-27 09:51:51Recovering from a Recession
Recovering from a Recession
Flash forward a decade and the US cycle starting in 2001 was 4 years; conversely, and ominously for the state, Massachusetts never returned to its February 2001 employment peak, as seen in Figure 1 B. It came close in March 2008, but again began losing jobs due to the latest recession. Nevertheless, if for the purposes of comparison we allow coming close to stand in for a return to peak employment, Massachusetts had a 7-year cycle sinking into and then coming out of the 2001 recession.
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