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News Link • Economy - Economics USA

The Chart From Hell: How Can Obama Explain This?

For a long time we've been going with the same Scariest Jobs Chart Ever, which we ran this morning. It shows how bad this "recovery" has been compared to past ones. It's really scary, but we're confident that we have a new winner. It shows the average duration of unemployment, and it's skyrocketing without any hint of slowing down. Even though we're "creating jobs" each month, this would seem to point to a large, brewing, structural unemployment problem, with a significant chunk of the population permanently out of the workforce. Historically, we've never seen anything like this, and the fact that we only had one down-blip during the recovery is stunning. But this isn't the only horrible new chart this month. We've compiled several more that will ruin your weekend.

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