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Unemployment Today: Recession Level

Written by Gary North on May 10, 2013

Unemployment has fallen, but it is still in recession-level territory.

UnemploymentFRED

With respect to long-term unemployment (15 weeks to 26 weeks), it is rising fast.

Unemployment26FRED

To prevent a return to 2008 numbers, the Federal Reserve creates $1 trillion a year to buy government bonds.

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One thought on “Unemployment Today: Recession Level”

  1. May 10, 2013 at 15:48
    Blair Franconia, NH says:

    I believe it.