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.
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.
Not sure about that. Graph from non-rocket scientist:
http://www.calculatedriskblog.com/2010/10/summary-for-week-ending-oct-9th.html
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.