This page has been archived and commenting is disabled.
The New Scariest Chart In America
For the last few years, the 'scariest' chart for Europeans has been the unending surge in youth unemployment. However, amid all the sound and fury of mainstream US media discussions of the 'recovery' in America and the President's employment track record, Constantin Gurdgiev notes another 'scariest chart of the US recovery' that remains in full 'crisis mode'...
The Duration of Unemployment In The US...
»
- 63534 reads
- Printer-friendly version
- Send to friend
- advertisements -
Hope and Change!
More like I Hope I can find some Change in my couch so I can afford food tonight.
Hey, you notice each time they cut back on "emergency" unemployment benefits that line takes another step down?
Strange that would happen.
Inverted Hockey Stick Save!
Moar Please.
(after all, it is Bizzaro World)
Just gives people more time to think about how they got there and who's not there to help them, and wondering what to do next?
P R O J E C T M A Y H E M ! ! !
This is normal considering the body economic has a government tapeworm that occupies half of its digestive system.
They better add more "months of duration" onto that chart. Probably won't fit on the computer screen anymore...
OK but the stock market is up and we have universal health care, so it's all good, right? Otherwise why would we be opening our borders? Long live the printing press.
Yeah. I'm waiting for some of those kids to make it up to my area when the price of mowing lawns plunges again to another all-time low. I now pay only $25 bucks compred to about 8 years ago when the lowest price was $60 and the edging was extra.
Now not more then $25 and everything included. It's gonna get much cheaper with these wide open borders.
Universal Health Care.....you must be joking. The US has a Kafkaesque nightmare.
Won't matter who they think they have control over. Once the game is up and the music stops the paper pushers will be the ones without chairs.
I just don't understand what all the whining is about. The chart looks to me like we are closer to reaching Utopia than ever before.
We are well on our way to where no one has a job. Isn't that the promise of utopia all along, or am I confused.
Nice. That's it in a nut shell. The Government is the problem.
What to do next? Clearly, the plan is to import central-Americans, locate them in districts with no voter-ID laws, and take back the House in the next election.
you think u can keep it 2 years at this speed ?
i'm not sure palestine can stay 2 years this way. i'm not sure poutine can stay 2 years with mh17 BS like this at his doors. i'm not sure east ukrainians will stay 2 years waiting at russian borders to wait usa change to hillary to finally ear not a " ok we stop mess in kiev " but a "go final stage, nuke em all"
have you tried to stay 2 years a finger stranded in a closed door ? it is long.
Dogs don't bite the hands that feed them.
Hope and Change is now
Cope or Hang
Hype and Chains
Declining inputs correlates to declining outputs which correlates to declining employment unless an economist is involved to introduce a fudge factor to make everything look unicorny with rainbows!
That's retarded.
Whoosh, right over yer haid!
Easier to say.... UR DK'd.
Hoax & Chains
Shizzmoney,
Hope u starve to death!
From a 1%'er that does not give a shit about you......
I guess it really is different this time.
... and apparently NOT in any good kind of way.
It's different, alright.
The line from a Springsteen song comes to mind: "These jobs are gone and they ain't coming back... In my home town"
Sprigsteeeeen is a billionarie.....................
Yeah, Bruce Springsteen Cared about what was happening to the people in the 1980s Jobs problem.
Today I see our future in the UK with avg Household Debt $200K and avg income like $21K. We were invaded by British or European Bankers. We need to SEPARATE our American Values from those of England. The British Empire Values still exist in the UK & USA.
1) Military Republic
2) Upper Class Privilege, Lower Class Scraps
3) Foreign Conquests for Resources & Trade
4) Privateering
5) Mercenaries
6) Capitalism
7) Lip Service & Politics to substitute for Real Rights, Sovereignty, Freedom, Liberty
8) Money Rules the Law, Politics, Business, and influences foreign Leaders in support for British Trade (and US Trade today)
9) Use Corporate Structures to hide both government Actions and Corporate Profits
10) Winning is everything, Winners write history, the Ends Justify the Means
11) Leaders don't so much believe in God as we know it, but BELIEVE they Represent Gods Will OR ACT for their GOD
Rope and hang.
We've been roped. Now they're gonna hang us.
hope [you morons won't notice the way i will behave] and change [in the process, the best country into mush]
oh well, just an other chart of dead, whats the worst can happen
That's racist.....
you mean rayciss!
Thinking of scary. Methinks we oughta see Krugman in the ring with Gennady Golovkin
Slugman would point to the indicatons being the unemployment rate is coming down.
Everything fine.
Looking like another summer of recovery.
If only they had had a short sharp shock and let some banks fail, then the system would have reset long ago. Instead it is a looooonnng drawn out hell for the sheeple
"short sharp shock"
If you think that's going to be allowed to happen, "I'll see you on the dark side of the moon."
Watch out for the alien bases there. Geez, so embarrassing that they think our leaders actually represent the best we can do!
They only DO "short sharp shocks" FOR the banks!
Right idea. Wrong universe.
that's a mean mean-reversion in the making
what do you think yellen? you likey?
Moar is better.
less is more.....
Looks like perfect timing for a group of nations to strike while the iron's hot against the world's tyrant for the last fifty years. Who needs an arrogant prick demanding tribute or 'protection money' indefinitely while its emperor is naked?
Down with Canada!
Yes! Blame Canada! Blame Canada!
http://www.youtube.com/watch?v=bOR38552MJA
And I wish they would keep their fucking geese that crap all over the golf courses too!
Or at least make them taste better.
pods
Aged and prepared properly, they're hard to beat...tender, juicy, delicious! But I admit it's tricky and even I don't always get it right.
Is Canada even a real country?
CANADA is bigger than the USA and we are smarter too. We are better looking and we don't have a weight problem en masse like the Americans
do. Our heath care system is superior and our police abide by the law.
We do have too many geese and we are not short on trees or beavers
and frogs n' turtles or fish. Our polar bears don't drink Coke and believe it or not the snow actually melts for a few months of the year. We have fresher air and our gals are red hot while your gals ain't doodley squat.
CANADA is the best damn country in the whole damn world. We would be even better if we could get rid of Stephen Harper IMHO.
Just keep making maple syrup and nobody gets hurt.
Damned Canadian mosquitoes tried to gang rape me last time I was up there on a fishing trip.
Take the biggest badass on 42nd street, put him in a Canadian woods in the summer with no DEET, and he'll be blubbering for mercy within twenty minutes.
"What street does Canada live on?"
That chart looks noisy.
They'll blame it on the weather
I was gonna wook for a job, but da wain outside is scawy.
The rain is scary. Remember all that tritium from Fukushima? Yeah, it did not go away, in spite of ignoring it.
Soon there will be plenty of job openings for patriots, minutemen, spies, snipers, bomb makers, and executioners.
Experience helpful but not requried.
http://en.wikipedia.org/wiki/Employment-to-population_ratio
The only real definition of employment, is EMPLOYMENT TO POPULATION RATIO.
Labor Participation Ratio is pure propaganda. People need to eat, nobody stops looking for a job.
Current USA unemployemnt is about 37% and even that is not correct.
I'd love to see a chart adjusted for real wages. I can't find one. Propaganda disallows it.
I really like this chart, showing CPI vs wage growth over the last 40 years or so: http://www.macrotrends.net/1307/lots-of-inflation-not-so-many-new-jobs
Great link. Thanks for posting.
And to help put that 37% into perspective, Americans spend more time watching TV than working.
Going on three years now, they stopped counting me 1-1/2 years ago.
The Economy is looking good lol
when you can just "trade" yourself to prosperity who da fuck wants to work! Long Coolaid!!
scares a minute
President O'bummer needs to sign an executive action making it illegal to be unemployed more than 8 weeks.
No, wait, all he has to do is make it a terrorist act to publish data that shows negative information that supports any contention that he or his government are incompetent, lazy or corrupt.
Repeating the words Cloward-Piven will be a capital offense.
Terrorist! Perhaps it won't be so bad at your FEMA re-education camp.
/sarc
Is it the manipulated number?
That chart makes no sense. Duration in weeks on the Y-axis versus Duration in months on the X-axis???
X-Axis is months after recession ends...
I still don't get it, it shows a positive deviation?
I understand the intention and I suppose it's correct, but I'm still fuzzy on this chart.
I think the X-axis is months from the start of the recession. The last recession officially started in December, 2007, so we're some 70 months from that date, which is what the chart indicates.
The crux of the chart is that the duration of unemployment remains very high, about 17 weeks longer than the average duration of unemployment before the recession.
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA!!!!!!!!!!!!!!
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA!!!!!!!!!!!!!
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA!!!!!!!!!!!!!!
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA!!!!!!!!!!!!!!!
And either this stock bubble has finally cannibalized all the liquidity in the commodity markets, or they are saying demand has fallen off of a cliff. Even for food, which might be Russia sanction related.
http://finviz.com/futures.ashx
Got Collateral?
(hehe)
Mouse over those grain charts! Those farmers are going to lose their collateral. Everything is screaming a buttrape in stocks is coming down the pipe.
Moar applicable to the speckle-taters.
(Edit: that, and some people are going to starve)
Ouch, that does not look good. Corn is looking like John Cougar Mellencamp is going to have to dust off the "Rain on the Scarecrow" song.
pods
Wouldn't that be going up the pipe?
Ag prices always go down in a "normal year" summer, barring weather or other production problems. Corn, soybeans, and wheat always drop as weather worries fade. Corn looks headed to what could be a new recent low.
If anyone is interested in trading markets where prices are set by supply and demand, look at the ags. Right now I'm long a lean hogs calendar spread (HEZ4-HEG5) at $4.20 counting on $4.00+ to hold for at least a while because it was such strong resistance last spring when the many spread traders who expect history to repeat itself every year were selling at what seemed to be a solid top which rallied hard to $8. Recent bottom a tad over $4.00 is almost exact half the $8 summer top, which should give support there all by itself, and would be reason enough for a Gann-style trade even without expectations for a S/R reversal at that very high-volume $4.00 line. Meat prices are in a huge rally right now with live cattle leading the lean hogs. Exchange-traded calendar spreads let you enter and exit with one transaction, which allows for a GTC protective stop order in case things go opposite of expected.
This chart pretty much proves that the Keynesians have ran out of bullets. Interest rate suppression, money printing, and loading up on debt have all reached diminishing returns.
dat's Kenyensians....
peak hubris for the keynesians and the kenyan and the lamestream media...
blamestream media ....
There are just so many genres of chart to choose from. Personally, I'm not really in to chart horror (note to Tyler: keep those scary charts at bay). I'm more of a chart comedy kind of guy. Then again who doesn't love a dose of chart porn now and then. I have a buddy who's really freaky on chart noir. He kind of gives me the creeps though. Sometimes I'll trick him by promising to show him some really dark chart and then at the last minute I'll spring a sci-fi chart or some cheesy chart romance in front of his eyes. I always get a laugh out of that, which is more than can be said about my friend. He's really chart sensitive. I won't get into the reasons, but lets just say its uncharted territory for most.
I'm into Point and Figure Charts.
X's and O's
P&F charts save space, also.
WHo needs a job, the stawks are at record!
This will be good for stocks.......
Greed > people.
The longer the unemployed twist in the wind, the more positive that the great culling is near. Does anyone think there is the slightest "representation" of the people? Its clear the Oligarchs have gone another way. Buffet's "we're winning" class is listening to the eugenics, population control NGO's, they draw together. There is a brinksmanship game going on, as with Russia. As soon as the lumpen proletariat start to react, they will be smashed and exterminated. Their likely weapon of choice will be disease for which they have been given immunization. Hopefully that backfires.
Your job is to survive and find them.
REPUBS CREATE DEFICITS, no jobs and BIGGER GOVERNMENT, Failed Policies.
President ‘s Government spending percent increases per year
Reagan 82-85 8.7% doubled government jobs
Reagan 86-89 4.9%
Bush 1 90-93 5.4%
Clinton 94-97 3.2% decreased government jobs
Clinton 98-01 3.9%
Bush 11 02-05 7.3% doubled government jobs
Bush 11 06-09 8.1 %
Obama 9-12 1.4% annual increases in GOV spending and dropping to .68% going forward. decreased GOV jobs.
Repubs cut taxes and increase spending and wonder why deficits soar under them?
Note Obama has the lowest increases. Repubs try to skew their data by calling the FED Budget year for 2009 an Obama Budget year, when the Fed FY budget began Oct 1, 2008, with a projected deficit of $1.2 trillion before Obama even elected and raised to $1.7 trillion before Obama sworn in as the economy went in to a death spiral in the 4th QTR of 2008. Bush deficits were tripling every year starting in 2007 and remember he first ate his way through a projected 5.6 trillion surplus he was handed in 2001 from the Clinton administration.
If DEMs are socialist, Repubs are Marxist when it comes to Government spending.
In Repub’s alternate reality it’s the DEMs that are the big spenders!
OK, Mr 9 weeks and troll....
Partisan much, douchebag?
BeetleBailey, really? Douchey name. What are you, the hall pass monitor? Oh, that's right, its ZH...
Don't worry, I'm turning 10 next week, about as old as your IQ.
Game, set, match
Hang in there, WNRG ...
awwwww....you hurt my......NOTHING.
Again I say.....with gusto.....fuck off partisan idiot...bet you voted for Fuckbama huh? Come on...admit it.....say it.
Idiot.
Oh how the teabaggers love St. Ronnie Reagan. I guess cause he:
- rised the debt ceiling 18 times.
- gave AMNESTY to millions of illegals
- cut and ran in Lebanon
- offered a deal to Gorbachav to destroy all our nukes.
- raised taxes.
Yep I guess that's why.
WHAT WE NEED IS FOR YOU TO STICK YOUR HEAD UP YOUR ASS A LITTLE FURTHER, YOU MIGHT CHOKE ON YOUR OWN S##T, LONG ENOUGH TO CROAK...
Curious if you came up with the filth yourself or found it on a queer transvestite midget hate board. You know, copy and paste, then edit - but all caps ??? So last century.
Foul-fingered idiot. No 'we' here. Get lost. Stay lost.
Nothing like the Red-Blue Olympics to keep things from getting too American around here!!
Somebody got awfully close to the .1% last night!!!
The Teapublicans never miss an opportunity to stick it to the middle class to the benefit of wealthy deadbeats like Cliven Bundy or Mitt Romney (14% on money he hasn't shifted "offshore"? seriously?) And you deny you're a racist?
Hey you stupid fucking monkey! The congress was controlled by democrats for the last (2) years of Bushes presidency. I'm no Bush fan but you're completely full of shite! Secondly if you want to get technical Bush was only responsible for (3) months of the '09 fiscal year budget that started October 1st 2008.
Read this assclown! President Obama: The Biggest Government Spender In World History
Troll.
Really dumb aren't ya?
Across the Board.
WeNeed..... -- no I can't deny that I am a raceist. But back in the day, as a young man living as a wage earner in Chicago, I learned to be 'Prejudiced'. Oh those were the days. But today I am reduced to being a mere raceist-bigot. Life is not as good as it once was. But it is good enough for today.
REAL GOVERNMENT for REAL GOVERMENT NEEDERS: The NSA, the DHS, the DEA.
Surveillance porn, torture of whistle-blowers, gate-rape of toddlers, African-American grandmothers killed in SWAT raids. Total immunity for abusive and murderous government employees. Secret trillion-dollar budgets.
The NEEDERS voted for it.
So that is what green shoots looks like.....
Talk about one ugly looking monster wave of change! It's even blood red! Don't worry about duration and the Y and X axis, this thing's opening it's mouth! As usual, it's: LOOK OUT BELOW...
try this one for fun....
http://www.paulcraigroberts.org/2014/07/08/deteriorating-economic-outlook/
If they cut the weeks of unemployment insurance from 26 weeks to 4 weeks it would look much better.
Turn away now it's BAD and it's only going to get BADDERERER.
I guess the kids of those millions of illegals Ronnie Reagan gave amnesty to 30 years ago are sucking up a lot of jobs.
Bummer.
Piiiiistt....Tabaklover, Ronnies not in office and illegals are still streaming across the border in ever increasing numbers . If Ronnie was in office I have no doubt ZHers would be railing against him also. But alas, Obozo is at the helm and he deems it necessary to put these people up in luxury resort condominiums at our expense .....or don't you read ZH much?
Didn't rail against St Ronnie when he was in office...... raisng the debt ceiling 18 times, cutting and running in Lebanon, being King Amnesty, but you would now. Too funny.
If you don't have a tax paying job you're not looking hard enough.
goddammit
Read on this so-called "True Economics" blog / Dr. Constantin Gurdgiev's narration on MH17 shot down then you soon realize how true it's. Sound like more a snake oil seller :-) lol
"Events of last week - the downing of MH17, most likely by the Eastern Ukrainian separatists, and prior to that a new set of escalating U.S. sanctions, based on what may or may not be reasonable demands for more Kremlin pressure on separatists - are changing the overall risk outlook."
"Here are some links worth reading on the topic of changing risks:
-Bloomberg report of rising pressures within Russian elite circles
-Bloomberg View contribution by @Bershidsky
-WSJ report on Russian response theory of what happened to MH17
-WSJ report on MH17-related U.S. disclosures
-WSJ report on lack of cohesion and institutional governance frameworks in the separatists'
"
"In simple terms, Russia is being forced into a corner by the U.S., separatists are forced into their own corner by all the parties involved; and everyone somehow expects the crisis to be resolved, while Kiev is left to carry out whatever it wants or can or both."
http://trueeconomics.blogspot.com/2014/07/2172014-conflict-over-ukraine-...
HA HA HA... GO FIGURE ON YOUR OWN :-)
Technological Redundancy . The more advanced we become, the less need to employ 'human resource'.
The trend should continue.
Alabama Mexicans Bitchez!
I know that chart formation. It is called the golden gallows
what goes up, must come down.
BTW, the usual wee hours of the morning takedown of the (Comex) "Gold price" is underway.
Sell those short paper contracts! - lots of them - because no one will be smart enough to take delivery. And the same banks selling them are probably taking turns buying each other's back.
Funployment!
what ever happened to the "misery Index"?
"The late Arthur Okun, a distinguished economist who served as chairman of the President’s Council of Economic Advisers during President Johnson’s administration, developed the original misery index for the United States. Okun’s index is equal to the sum of the inflation and unemployment rates.
Harvard Professor Robert Barro amended the misery index by also including the 30-year government bond yield and the output gap for real GDP. Barro used his index to measure the change in misery during a president’s term"
Obuma will never get press (MSM) about the Misery Index, but folks today it's what all the MSM are ordered to never bring up, never let those with eyes wide shut get a peek at ..free press LOL.
this is bill gates: we need more h1b visas and immigration for all those jobs not filled..well they now have "satyna a wet back running MS..cut staff by 14 percent of course all americans I am sure..."some people just need killin"
"Microsoft, the aging tech behemoth, has a shiny new CEO, a new strategy, new(ish) products in the pipeline and now 18,000 less staff. In a wide ranging, 3,000 word essay to his 125,000 (oops! 107,000) colleagues, CEO Satyna Nadella stressed the need to improve product cycle time, to shed excess management layers and to say goodbye to 14 percent of staff."
Yeah, if you brought up the Misery Index they'd call you a ray-cyst!
The implications of poor job creation are massive. The biggest may be that a huge number of people are dropping from the work force. Often these people have little in the way of savings, this means that the burden of caring for them will be transferred to society.
If to many people shift into this category we will slowly wear down through attrition. Finding a fair way to share and balance the work load that goes on every day may be one of the most important problems facing our modern world. Not discovering a solution to this dilemma bodes poorly for our consumer driven economy and adds to the toxic problem of inequality. More on the implications of unemployment in the article below.
http://brucewilds.blogspot.com/2013/09/implications-of-poor-job-creation...
govt benefits are ~24 weeks, so is average unemployment. Makes perfect sense to me
Thats the wave from The Abyss. Only Al & Bill, Charles & Hillary's masters made this one.
Who needs an arrogant prick demanding tribute or 'protection money' indefinitely while its emperor is naked?
Skin Whitening forever Reviews
I was really concerned about health issues. It gives me peace of mind to work, HomePage
There will be more movement starch technology supported by the technology not only treat peptic ulcers, but also for the prevention and treatment of cancer support.
Ultimate Herpes Protocol