But he also said that the private sector had still not recovered 1.9 million jobs lost in the Bush years.
So many sectors recovered, and a few at least partially recovered.
Many sectors of the economy recovered from total collapse pre-2003.
The sector recovered the following week, in part because there was no pressure from investors for mutual funds to sell.
To make up for this, total public spending should increase, and only be cut after the private sector recovers.
However the independent sector soon recovered, and prospered without competition from state grammar schools.
The agricultural sector, which historically was known for cocoa of the highest quality, has never fully recovered.
Once the private sector recovers they can hire from this pool of job ready workers.
"As a result, the buy-to-let sector is recovering remarkably."
The private sector cannot recover without a jumpstart.