Calculated Risk always has some of the best graphs around. Its latest charts, focused on unemployment trends, offered ample opportunity for study by yours truly. First, the raw graphs:
The red line represents the percent of the civilian workforce that has been unemployed for half-a-year or more.
This chart represents the percent of jobs lost since peak employment was reached. The dashed line is supposed to compensate for Bureau of Census "make-work" jobs.
Now, let's examine these charts using an electron microscope.
Check it out: I tagged the Summer o' Recovery! They're celebrating in the tent cities!
Now, let's review the change in employment from peak employment. This should be rising and... oh. Hmmm. Oops.