After not playing baseball for 3 years in college because of having a total hip replacement, and then coming back to play professionally once I graduated, and get the opportunity to play on a team like the @wcthunderbolts we had in 2007 and 2008...it was like a dream come true. This was a night I will never forget.
During this period, the average expansion was approximately 58 months, and the average contraction was approximately 11 months. Expansion is the default mode of the U.S. economy, and the average expansion time period has continued to average longer over time.
Less than 40 percent of the employment shortfall caused by the Great Recession has been closed. Regrettably, recovery from this severe downturn remains years away. The economy has added 198,000 jobs per month on average over the last year, and just slightly less over the past two years. If this pace of hiring is sustained, it will take nearly another five years to restore pre-recession unemployment rates.