Your economic verity of the day

It doesn’t take a rocket scientist to graph out the unemployment rate and see that it takes about 3 times as long for it to fall as it does to rise every single time no matter who is in charge.

2 thoughts on “Your economic verity of the day”

  1. Isn’t this just a consequence of the matching models for which Diamond, Mortensen and Pissarides won their Nobel?
    It’s a lot quicker to dissolve a match than to find one.
    Couples can split up in minutes, but it can take months to get together. Same with workers and employers.

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