Now raising intellectual capital
Unemployment – at least it’s not 25%
Northern Trust’s Paul Kasriel has sent around some nice charts that put the state of U.S. joblessness in perspective. Glass half-empty types will be scared silly by the straight line up on the jobless rate while the optimists will take comfort in the fact that we’re still far from the Depression’s high point of around 25%.
This is scary but not as horrifying as this.