reboot the republic

From The Bottom Violation

It’s the duration, stupid.

Even if it weren’t a lie, just look at that vertical line…

1. The “unemployment rate” is a lie. It’s much higher than the government wants you to believe.

2. Even if it weren’t a lie, a 10% unemployment rate does not mean that the job market is 90% hot. Employment is absolutely frozen.

3. Unemployment has a much more dangerous dimension: duration. Have a closer look at the chart above.

Related posts:

1. The Natural Rate of Unemployment
2. Unemployment Rate Drops to 9.5% Due to More People Dropping Out of the Labor Force
3. The Real Unemployment Rate is at Least 17.5%
4. Unemployment Hits a 26 Year High
5. The Scariest Unemployment Graph I’ve Seen Yet