Wednesday, April 21, 2010

Chart of the Day

From Uncommon Misconceptions:
For the past 5 1/2 months, the initial unemployment claims data have not really changed. Here’s what I mean:

source: Uncommon Misconceptions

The data are oscillating about a slowly increasing value, indicating that, if anything, unemployment claims are increasing. That means that for the past 5 1/2 months, every time the administration has told us that the unemployment situation is slowly recovering, and that the data show "the right trend," they have been absolutely mistaken.
(via Instapundit)

1 comment:

Anonymous said...

True. And no one is talking about the huge group of unemployed and underemployed not reflected in these statistics. The actual unemployment rate is probably around 20%. Let's be honest. Otherwise we won't solve our problems.