Remember the Old America's Scariest Chart (http://trueeconomics.blogspot.ie/2014/06/662014-king-of-scariest-charts-is-dead.html) and my own New America's Scariest Chart (http://trueeconomics.blogspot.ie/2014/11/16112014-americas-scariest-chart.html). Well, a year ago, the formal one officially 'died'... as in disappeared from the mainstream media.
Question is: did it? Really?
So here is updating the Old America's Scariest Chart (and improving on the original) to current data:
And updating the New America's Scariest Chart:
Summary of the lessons from the above: yep, this cycle is also the worst in history for average duration of unemployment.
Happy recovery, U.S. of A. and a happier one, yet, to Europe.