Here is the US unemployment rate since the 1940’s.  This data says that the unemployment problem occurred in the 1980’s and we have been living a dream in the bubble since 1987. The data says that US unemployment has been increasing steadily since 1975.  Before that the rate was fluctuating in a relatively narrow range of less that 1% based on the 10 year moving average (the red line). The 60 year picture tells us that we are living in a bubble.  Government stimulus will not cure a bubble.  Nor will thinking that we can come out the other side … Continue reading US Unemployment is not a new problem | industrial revolution underway