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.
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.
ReplyDeleteSecond 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.