Oh Frabjous Day!! Unemployment Rate Increases by Only 0.1%!! July 2, 2009Posted by geoff in News.
Finally. Finally the slowing of the unemployment rate increase has arrived. We’ve been waiting for months for unemployment to show signs of topping out, and it looks like it may be happening at last.
Is it the stimulus finally taking effect? The natural recovery of the economy? Just an anomaly?
Whatever. Tomorrow I’ll dissect it. Today I’ll just enjoy it (though it appears at first glance that the rate increased so slowly because a number of people dropped out of the labor market).
[It is assumed that by now this chart is self-explanatory. If not, delving into the posts over the past 3 months will tell you more than you need to know about the chart’s pedigree.]