surferdude808

Let's Clarify "The Worst Economy Since...." Debate

this time series is not valid as the methodologies for computing the UER have changed several times over the past 80 years. some observers trying to compare the UER historically say it is better to use the U-6 series instead of the U-3 that is plotted. currently, the monthly U-6 is over 11%, the highest it has been since 1982. the UER like inflation has undergone many changes because of politics. while some are fixated on the level of UE, more importantly however, is the change in the UER from the trough. the change at the margin is very large and is set to increase. this sea change will have a profund impact on consumer spending behavior. fasten your seatbelt as it is going to be a very bumpy ride.