Speaking of recessions and teachers, the Hamilton Jobs Gap calculator now projects a return to pre-recession job levels sometime between January and August 2017.
The recession began in December 2007 (the crash came nine months later, in September 2008).
So ten years.
The Hamilton projection surprises me because everyone else I read seems to think we'll never return to pre-recession job levels -- "never" meaning not in this generation, at least. A big chunk of workers has been sidelined, the thinking goes, and they're not coming back.
But Hamilton seems to be assuming we can get back to the employment-population ratios of 2007.
At least, that's what I think Hamilton assumes. I don't have the patience to work through their explanation tonight. Or maybe ever.
In January 2007, 80.3% of people age 25 to 54 were employed.
Today that figure is 77.2%, up from a low of 74.8% in November 2010.
Prime working age.