Graph #1: Numbers unemployed |
Blue: Number of Persons (16 years of age and older) unemployed.
Red: Civilians unemployed 27 weeks and over.
Skyrockets during recessions. Declines between recessions.
Low points on both (red & blue) are generally higher in later years.
For unemployment, a "low point" is a good thing. A higher low point is a bad thing.
However, these trend-lines show "number of persons." Population is increasing, so you might expect to see the low points getting higher.
Good point.
Graph #2: Long-Term Unemployed as a Percent of All Unemployed |
Skyrockets during recessions. Declines between recessions. And low points are higher in later years. (This time the observation is valid.)
Graph #3: Comparing Graph #2 to Capacity DisUtilization |
Graph #3 shows the same blue trend-line as Graph #2, plus a version of Capacity Utilization.
The red line here is capacity disutilization. I subtracted FRED's capacity utilization number from full (96%) utilization. Why 96%? Because it puts the red trend-line close to the blue one.
The two trend lines both show higher low points in later years. Not a good thing.
1 comment:
I had a look at capacity utilization and some other related data back in December.
Not pretty.
JzB
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