The monthly jobs report came out this morning. The New York Times write-up is here. In short, the report is encouraging.
Below, from Calculated Risk, is a chart showing the path of unemployment in this recession compared to previous recessions.
The bright red line on the bottom represents unemployment in the current recession. It certainly looks as though things are getting better, slowly. And except for the small bump from Census hiring, it looks very smooth. If any other government actions had a big effect on unemployment, it’s not obvious from the chart.
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