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 1798 times)
Mr.Phips
Junior Chimp
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Posts: 8,547


« on: February 06, 2010, 02:20:34 AM »

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.

The likely peaked in October 2009.  In deeper recessions(1974-75, 1981-82), the rate usually starts dropping more quickly than in shallow recessions(1990-91, 2001). 
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