tag:blogger.com,1999:blog-5633033703775693013.post1167321028462617318..comments2011-02-13T01:32:06.693-08:00Comments on An Open Minded Republican: Insert Tiltle Here :)OpenMindedRepublicanhttp://www.blogger.com/profile/16633374740140121169noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-5633033703775693013.post-12458200290262037252009-03-29T13:20:00.000-07:002009-03-29T13:20:00.000-07:00Matt - All of these are from the Federal Reserve E...Matt - All of these are from the <A HREF="http://research.stlouisfed.org/fred2/series/UEMPMEAN?cid=12" REL="nofollow">Federal Reserve Economic Data</A>, as the dang white house one was just getting too annoying to transfer into excel.<BR/><BR/>There is more raw data at the FRED than I will ever be able to wade through, good fun!OpenMindedRepublicanhttps://www.blogger.com/profile/16633374740140121169noreply@blogger.comtag:blogger.com,1999:blog-5633033703775693013.post-70886008478293280852009-03-29T13:13:00.000-07:002009-03-29T13:13:00.000-07:00My read on the graph is that it gets easier and ea...My read on the graph is that it gets easier and easier to get a job in a strong economy. It's not so much that "unemployment drops like a rock - and then bam!" as much as "getting a job gets easier and easier, until a recession hits". Looking at nothing else, I'd guess that these data show that recessions make it really hard to get a job.<BR/><BR/>Any chance you can link to the original source? (I presume it's from that whitehouse.gov survey you posted about earlier.) I have a lot of questions about this graph: does it include, for example, people who get laid off during a recession and choose to go back to school? (And since these are mean statistics, what's the standard deviation?)Matthttps://www.blogger.com/profile/14600871920720581422noreply@blogger.comtag:blogger.com,1999:blog-5633033703775693013.post-29465485190300583122009-03-29T09:21:00.000-07:002009-03-29T09:21:00.000-07:00The savings rate is somehow related to supply side...The savings rate is somehow related to supply side economics and again, while the total dollars have remained the same I bet the fluactions is due to a shift from type of savings and the shift from nation wide savings rate to upper class savings rate.<BR/><BR/>Middle class and working class savings were traditionally in savings accounts and CD's while we have seen a shift from 'savings' to 'investments' as savings.TAOhttps://www.blogger.com/profile/11452702225885449029noreply@blogger.comtag:blogger.com,1999:blog-5633033703775693013.post-38505072790080531292009-03-29T08:49:00.000-07:002009-03-29T08:49:00.000-07:00No other economic indicator follows the recessions...No other economic indicator follows the recessions as blatantly as this.<BR/><BR/>You can't even find the recessions looking at GDP,personal income, not even the personal savings rate.<BR/><BR/>Contrast with this : http://research.stlouisfed.org/fred2/fredgraph?s[1][id]=PSAVEOpenMindedRepublicanhttps://www.blogger.com/profile/16633374740140121169noreply@blogger.comtag:blogger.com,1999:blog-5633033703775693013.post-6324797861500989882009-03-29T08:36:00.000-07:002009-03-29T08:36:00.000-07:00Economics is all about cycles and employment is a ...Economics is all about cycles and employment is a lagging indicator.<BR/><BR/>The cycles of economic systems is quite obvious in the graph, and quite regular.<BR/><BR/>What is interesting is that with every cycle it is taking longer and longer for people to gain employment once they lose their jobs.<BR/><BR/>It appears that even in the best of times recently we have doubled the length of time someone is unemployed. (7.5 weeks in 1969 vs 12.5 weeks in 1990).<BR/><BR/>That is probably due to the continual globalization and lack of manufacturing jobs created with every economic growth periodTAOhttps://www.blogger.com/profile/11452702225885449029noreply@blogger.com