Economics For Dummies

I present this, not because I want to change anybody’s mind or anything, but because I like to deride those who are unduly pessimistic.
From David Freddoso at The Corner:

Key Labor Market Statistics in 1996 and 2008
1. U.S. Unemployment Rate March 1996 5.5%; – March 2008 5.1%
2. Number of Long-Term Unemployed March 1996 1.33 million; – March 2008 1.28 million
3. Average Weeks Unemployed March 1996 17.3 weeks; – March 2008 16.2 weeks
4. Median Weeks Unemployed March 1996 8.3 weeks; – March 2008 8.1 weeks
5. Not in Labor Force because discouraged over job prospects March 1996 451,000; – March 2008 401,000
6. Democrats calling for Extended Unemployment Benefits? March 1996 No; – March 2008 Yes
7. President’s Party Affiliation March 1996 Democrat; – March 2008 Republican

I’m just sayin’.

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