1、1 The dates of business cycle turning points (i.e., the ends of economic expansions andcontractions) are determined by the business cycle dating committee of the National Bureau ofEconomic Research. 2 For a more detailed comparison of the current expansion with past experience and anexamination of t
2、he outlook for the labor market, see: CRS Report RL32047, The JoblessRecovery From the 2001 Recession: A Comparison to Earlier Recoveries and PossibleExplanations, by Marc Labonte and Linda Levine.Congressional Research Service The Library of CongressCRS Report for CongressReceived through the CRS W
3、ebOrder Code RS21602August 27, 2003Employment Growth in the Current Economic ExpansionBrian W. CashellSpecialist in Quantitative EconomicsGovernment and Finance DivisionSummaryAlthough real gross domestic product (GDP) surpassed its previous peak in thefourth quarter of 2001, total employment still
4、had not regained its previous peak as ofJuly 2003. For that reason, the economy is said by some to be experiencing a “joblessrecovery.” It is not unusual for the production of goods and services to increase aheadof employment in the early stages of an economic expansion. But in the case of thecurren
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