This is a neat graph showing the unemployment rate for the last 40 years. Business cycles are clearly visible though they look to be waning in severity. Based on only a quick glance, it looks as though we've likely yet to find the to (bottom) of this cycle.
1 comment:
That is pretty interesting chart First it shows how relatively low unemployment is despite the mainstream media asking if we are in a depression or a recession.
Second it paints the whole picture of the business cycle, and how normal it is for the economy to swing from strenth to weakness and back.
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