Unemployment in Perspective

A picture’s worth a thousand words, for me, perhaps, more.  Read this excellent article at Calculated Risk…it will save me even more.

Notwithstanding the changes made in how we tabulate unemployment (and even more recent shenanigans with the “birth/death” modeling, etc.), you could still say that this is a really biggggggg problem.  OK, Sunshine?

The official pronouncement:

HT

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