2014. And the headline result from the last recession only captures 3 years of the recovery, through 2012, when equity markets had climbed back significantly, b

2014. And the headline result from the last recession only captures 3 years of the recovery, through 2012, when equity markets had climbed back significantly, but always-lagging labor markets had not. I’d be shocked if the numbers didn’t look very different if you looked at the expansionary cycle to date.