Friday, March 6, 2009

Unemployment rates seem to fall quickly

Looking at a graph of unemployment rates over the past fifty or so years gives me reason for hope with getting a job.

It really does seem that unemployment spikes are short lived events. They drop nearly as fast as they go up, and don't seem to last that long. The spike we are having right now is really quite normal on the scale of historical events, and therefore in two or three years I expect the employment situation to be America as usual.

If true, think of how amazingly well this turned out for Obama. Had this crisis come a year or two later he would have been blamed for it. If however in four years the unemployment rate is lower than it is today, which looking at that graph seems reasonable, than he can take credit whether or not his actions were the reason things improved.

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