Wednesday, June 26, 2013

Picture of the Day: Jobs -- Recovery, What Recovery?

Today for my attempt to disguise real content with multicolored graphs stolen from other places, I give you this nice little depressing picture.  It shows very effectively just how slow the recovery has been and just how far we still have to go.  

There are signs of life in the US and Oregon for sure, but nothing that portends a hotting up of the recovery - Europe needs probably a decade to sort itself out, growth has slowed in Brazil and China is showing itself ready to finally curtail the rather reckless debt acquisition of its banks.  

Add to that the perhaps immature pivot to austerity that the US is making and we are probably going to be living with unemployment in the 6-7% range for the next 5 years or more.  

Graph from The Wall Street Journal.

1 comment:

sachin thil said...

This kind of posts are always inspiring and i prefer to read quality content so i am happy to find out many point here in the post, writing is simply great, thanks for the post... by OPS 571 Final Exam material provider