Top level economic measures never tell the whole story. Knowing how many jobs have been added is important but it alone cannot tell you if job growth is enough to keep pace with population growth, or about the types of jobs being added and so forth. That is why a few years ago we introduced the Economic Recovery Scorecard which showed the progress made across nearly 40 different measures.
Josh Lehner at OEA examines Oregon’s post recession recovery, using indicators from the proportion of 18-34 year olds living at home, to bankruptcy filing stats and SNAP usage. Read more here.