JVB-BSullivan-Econ-Comment-112309

Broker Dealer / Institutional / Advisor Use Only November 23, 2009 ABOUT Can it be done again? BILL SULLIVAN In the last cycle of double digit William V. Sullivan, Jr. Department of Commerce, the economy serves as Chief Economist unemployment, the nationwide jobless rate expanded at a 7.7% annual rate over the four at JVB Financial Group, stayed above 10.0% for ten consecutive quarters ending December, 1983. (See table.) working closely with the months. The peak reading for this measure The sharp jump in overall activity was firm’s trading desk, was reached in November and December of associated with an increased willingness of providing analysis and commentary on the U.S. 1982 with 10.8% of the labor market being corporate business to hire new workers and economy and the financial idled during that period. However, within to lengthen the duration of the workweek. markets. Among his duties one year of that high watermark for The strong recovery also encouraged many are authoring a weekly joblessness, the unemployment rate had new startup firms that provided job report on credit market tumbled 2.5% to 8.3% of the workforce as trends and maintaining a opportunities for unemployed workers. In regular schedule of businesses added nearly 3.5 million fact, the momentum of the economic conference calls that focus individuals to their payrolls by the end of rebound was so powerful, payroll on interest rate 1983. Clearly, a key question in the current ...