04 July 2009

Civilians unemployed for more than 6 months



5-year x-axis on the top, 60-year x-axis on the bottom.

I would encourage people not to mindlessly buy into the "green shoots" propaganda emanating from Washington and Wall Street.

Credit.

2 comments:

  1. Not that I have an opinion one way or the other on recovery, but historically unemployment is the dead last indicator to recover in a recession, typically around six months out. So if you are looking for an indicator that is actually going to show signs of recovery, you are looking at the wrong one.

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  2. You have to realize that all those people have also lost their health insurance. So most of them will turn into supporters of government-sponsored health care insurance. Obama is adding tens of thousands of supporters every day by pursuing the catastrophic economic policies he has chosen, and I believe he is ruining the economy intentionally.

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