This Simple Graph Explains Why Unemployment Refuses to Go Down
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0 Left 0 Centered 0 RightHere's a short story with big implications. In May 2008, six months after the Great Recession set in, a typical family earning less than $90,000 a year spent $105 daily. One year later, in May 2009, they spent $59 a day. Then in May 2010, they spent $59 a day. In May 2011, they also spent $59 a day. Why is employment stuck above 9 percent? I just told you.