Economy Back From The Brink: Loss Of Another 263,000 Jobs, (Unemployment Rate History Chart)

hotairpundit ^ | 10/2/09 | talkradio03

[Talkradio03]

This President promised after the economic porkulus that unemployment would not go over 8%...Chart of the unemployment rate for the last 10 years...

[pgkdan]

Obama brought the economy back from the brink. Back from the brink of what? Recovery?

[the invisib1e hand]

from the link:

[GeronL]

“A minor blip on the recovery process” I am sure. /sarc

[the invisib1e hand]

It's not likely the economy will die in one fell swoop. There are centuries of economies of scale and a multitude of expertises that civilization depends upon; a legacy of assets including intellectual capital.

Unless civilization itself were overturned (say, by some epochal shift in economic incentives -- eek, I think we've seen about three in the past few years), all this machinery will shake, rattle and roll on. At some point, it won't be necessary to "deleverage human capital."

[dalebert]

Democrats wont quit til we have 100% unemployment

[GeronL]

We’ll lose an industry here and there gradually, I guess. Slowly boiling the frog. Blaming the wrong people and things will get politicians elected.

[BookmanTheJanitor]

so the unemployment rate was around 5.4/5.5 in 2004, when John Kerry described the economy as the worst since Hoover? Hmmmmm. He should have been describing them as the ‘good ole days’.

[the invisib1e hand]

economies never cease as long as human life never ceases.

However, the locus of action might indeed shift as that is a function of geo-political policy, domestic resources, etc.

[the invisib1e hand]

The data are presented in a useful way by Google. It's easy, for example, to compare states and counties to the overall rate, and to see how the behavior registered in the last recessions.