Umeployment down to 9.7% (user search)
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  Umeployment down to 9.7% (search mode)
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Author Topic: Umeployment down to 9.7%  (Read 1807 times)
Frodo
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« on: February 07, 2010, 10:54:23 PM »
« edited: February 07, 2010, 10:59:35 PM by Frodo »

Big deal. 20 K jobs were still lost. Based on the previous two recessions and jobless recoveries, the unemployment % typically peaks about a year after the recession has been declared over, and since this recession was declared over in September, the unemployment rate should peak in the fall of 2010, right before (or after) the midterms.

Where did you find this information?  You almost certainly did not get it from the National Bureau of Economic Research, since they haven't said a word about whether the recession has ended or not.    
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