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Employment Growth in the Current Economic Expansion (CRS Report for Congress)

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Release Date Aug. 27, 2003
Report Number RS21602
Report Type Report
Authors Brian W. Cashell, Government and Finance Division
Source Agency Congressional Research Service
Summary:

The current economic expansion has been one of relatively sluggish employment growth. Although real GDP surpassed its previous peak in the fourth quarter of 2001, total employment still had not regained its previous peak as of July 2003. For that reason, the economy is said by some to be experiencing a jobless recovery, not unlike the beginning of the economic expansion of the 1990s.