{"id":1725,"date":"2009-11-06T23:54:16","date_gmt":"2009-11-06T23:54:16","guid":{"rendered":"http:\/\/blog.widmann.org.uk\/?p=1725"},"modified":"2009-11-06T23:54:16","modified_gmt":"2009-11-06T23:54:16","slug":"when-will-unemployment-peak","status":"publish","type":"post","link":"https:\/\/widmanniana.org\/blog\/when-will-unemployment-peak\/","title":{"rendered":"When will unemployment peak?"},"content":{"rendered":"<p><a href=\"http:\/\/www.calculatedriskblog.com\/2009\/11\/employment-report-190k-jobs-lost-102.html\"><img decoding=\"async\" alt=\"\" src=\"http:\/\/2.bp.blogspot.com\/_pMscxxELHEg\/SvQmqFmXogI\/AAAAAAAAGvE\/YQrQHOu9KBU\/s320\/EmploymentRecessionsOct.jpg\" title=\"American emplyment recessions\" class=\"alignleft\" width=\"50%\" \/><\/a>I know the recession is not developing the same way everywhere, but I still thought this scary graph requires more publicity (hat-tip: <a href=\"http:\/\/www.economist.com\/blogs\/freeexchange\/2009\/11\/higher_and_higher.cfm\">Free Exchange<\/a>).<\/p>\n<p>It&#8217;s from the <a href=\"http:\/\/www.calculatedriskblog.com\/2009\/11\/employment-report-190k-jobs-lost-102.html\">Calculated Risk<\/a> blog, and it shows the development of unemployment in past recessions in the US.<\/p>\n<p>Unfortunately, the 1930s depression hasn&#8217;t been included.<\/p>\n<p>Basically, if we were following the pattern of past recessions, unemployment should have peaked by now, but it&#8217;s still growing.<\/p>\n<p>Where will it end?  Will it create social unrest in the US?<\/p>\n<p>Also, does anybody have equivalent graphs for the UK?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>I know the recession is not developing the same way everywhere, but I still thought this scary graph requires more publicity (hat-tip: Free Exchange). It&#8217;s from the Calculated Risk blog, and it shows the development of unemployment in past recessions in the US. Unfortunately, the 1930s depression hasn&#8217;t been included. Basically, if we were following the pattern of past recessions, unemployment should have peaked by now, but it&#8217;s still growing. Where will it end? Will it create social unrest in the US? Also, does anybody have equivalent [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[99,159],"tags":[],"class_list":["post-1725","post","type-post","status-publish","format-standard","hentry","category-economics","category-en"],"_links":{"self":[{"href":"https:\/\/widmanniana.org\/blog\/wp-json\/wp\/v2\/posts\/1725","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/widmanniana.org\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/widmanniana.org\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/widmanniana.org\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/widmanniana.org\/blog\/wp-json\/wp\/v2\/comments?post=1725"}],"version-history":[{"count":0,"href":"https:\/\/widmanniana.org\/blog\/wp-json\/wp\/v2\/posts\/1725\/revisions"}],"wp:attachment":[{"href":"https:\/\/widmanniana.org\/blog\/wp-json\/wp\/v2\/media?parent=1725"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/widmanniana.org\/blog\/wp-json\/wp\/v2\/categories?post=1725"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/widmanniana.org\/blog\/wp-json\/wp\/v2\/tags?post=1725"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}