America's Economic Future – A Discussion By Ted Kavadas
Shortly after each monthly employment report I have been posting a continual series titled “3 Critical Unemployment Charts.” Of course, there are many other employment charts that can be displayed as well. For reference purposes, below are the U-3 and U-6 Unemployment Rate charts from a long-term historical perspective. Both charts are from the St. …
The following chart is from the CalculatedRISK blog of November 8 http://www.calculatedriskblog.com/2009/11/summary-and-look-ahead.html I like this chart as it presents a relative depiction of Post WWII recession job losses. As one can see, our current period of economic weakness’s job losses are outsized both in duration and severity: Here is a long-term view of the official stated Unemployment Rate. …
On October 6 I wrote about my thoughts regarding Unemployment Statistics. That link can be found here: https://www.economicgreenfield.com/2009/10/06/a-note-about-unemployment-statistics/ I recently ran across the following from John Mauldin, found in his October 23 “Thoughts From The Frontline” newsletter: “With 9.8% unemployment, 7% underemployed (temporary), and another 3-4% off the radar screen because they are so discouraged they …
From time to time, I will write posts that contain the Unemployment Rate or various other job loss measures. I show these statistics as they are widely used and quoted by others. From my perspective, however, the methodology used to measure the various job loss and unemployment statistics does not provide an accurate depiction. There are a variety …
One of the phrases that I have heard innumerable times is that our current period of economic weakness “isn’t as bad as The Great Depression because during The Great Depression unemployment was at 25%.” While I have commented repeatedly on this blog that I don’t believe we should be equating our current economic condition to that of …