This graph shows the annual rate of increase in our national unemployment. The number of months that we have grown unemployment on a Y/Y basis and the percentage growth we are now seeing strongly suggest that we are in a recession.
DD
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Isn't it also fascinating to see the line vacillating less extremely as we moved out of the 1970s to a more free-market economic model? With potentially destructive government spending on the horizon, I wouldn't be surprised if that unemployment number shot up again, at least in the next four years.
Interesting take, dcmart. One I had not thought of.
Long term grahps of GDP so a similar decline in "vacillating" right after WWII. It has always been my contention that Keynesian Econ was the cause.
DD
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