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Old 11-20-2009, 05:06 PM
Canadian Canadian is offline
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Quote:
Originally Posted by Rickson9 View Post
With regards to the OP re: unemployment numbers.

[4:30]

The unemployment rate is the most lagging economic indicator and has never peaked during a recession. It has always peaked well after a recession has been over.

The historical average is that the unemployment rate peaks 6 months after a recession is long gone.

http://tinyurl.com/y8nh69c
That's fine but the unemployment is not peaking, and I don't see it peaking for the next 18 months. After that there is no guarantee that we are going back to pre-bubble levels of employment with all the jobs shipped and still shipping to Asia...
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