Asymptosis

We’ve been hearing more about “jobless recoveries” over the years, but it’s pretty profound how rapidly the trend is increasing. Calculated Risk:

Months to Return to Full Employment
1981:  28
1990:  31
2001:  47
2007:  ??

This multi-decade trend suggests to me that there’s something secular and structural at play. I suggest this.

Related posts:

1. Getting In and Out of Unemployment: 1967 to 2011
2. Teddy Roosevelt on “the true conservative”
3. One Thousand Words on Prosperity Growth
4. Am I Channelling David Stockman, or Is He Channelling Me?
5. Oh Yeah: Crowding Out Has Been a Huge Problem