WORKERS LAID OFF ARE FINDING WORK

Something that many analysts are not taking into account is that recovery from a near-death financial collapse is different from "ordinary" recessions many of which are inventory overstocking.  When the inventories are worked down, then a rapid recovery begins.  The only really comparison for the Great Recession is the Great Depression.  Compared to this, our recovery is remarkable, and there are those who recognize this:

The latest sign the U.S. labor market is returning to normal, seven years after the recession ended: More workers who lose a job are able to find a new one.

Some 7.4 million people lost jobs between January 2013 and December 2015, including 3.2 million who were laid off from positions they had held at least three years, the Labor Department reported Thursday in its biennial survey of displaced workers. That was down from 2011 through 2013, when 9.5 million people lost jobs including 4.3 million long-tenured workers.

Among the long-tenured workers who were laid off over the past three years, about 66% were re-employed as of January 2016, while 16% were unemployed and 19% had left the workforce. (The figures didn’t add up to precisely 100% due to rounding.)

(click on figure to enlarge.)

http://blogs.wsj.com/economics/2016/08/25/laid-off-american-workers-are-having-better-luck-finding-new-jobs/?mod=djemRTE_h