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	<title>Irregular Times Diaries: Unfit Discussion &#187; congressional budget office</title>
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	<description>In a time of the spring, old paths are obscured and new growth begins.</description>
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		<title>No End To Long Term Unemployment Recession</title>
		<link>http://irregulartimes.com/diaries/2010/09/no-end-to-long-term-unemployment-recession/</link>
		<comments>http://irregulartimes.com/diaries/2010/09/no-end-to-long-term-unemployment-recession/#comments</comments>
		<pubDate>Thu, 30 Sep 2010 02:19:06 +0000</pubDate>
		<dc:creator>jclifford</dc:creator>
				<category><![CDATA[general]]></category>
		<category><![CDATA[money]]></category>
		<category><![CDATA[congressional budget office]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[unemployment]]></category>

		<guid isPermaLink="false">http://irregulartimes.com/diaries/?p=1649</guid>
		<description><![CDATA[In the last half century, the long term unemployment rate hasn't been anywhere close to where it is now - not even under the economic disaster America suffered when Ronald Reagan was in the White House.]]></description>
				<content:encoded><![CDATA[<p>They say that the economic recession has ended.  When they say that, they&#8217;re talking about the reality of wealthy investors on Wall Street.</p>
<p>In the rest of America, the recession continues.  That fact is illustrated by the following graph, recently <A href="http://www.cbo.gov/ftpdocs/118xx/doc11866/CBO_Presentation_to_Macroeconomic_Advisers_09-16-10.pdf">released by the nonpartisan Congressional Budget Office</a>:</p>
<p><a href="http://irregulartimes.com/diaries/wp-content/uploads/2010/09/ltunemployment.jpg"><img src="http://irregulartimes.com/diaries/wp-content/uploads/2010/09/ltunemployment.jpg" alt="" title="long term unemployment" width="500" height="363" class="aligncenter size-full wp-image-1650" /></a></p>
<p>This graph shows the rate of <u>long term</u> unemployment &#8211; people who have been looking for work, but unable to find any, for over 26 weeks.  In the last half century, the long term unemployment rate hasn&#8217;t been anywhere close to where it is now &#8211; not even under the economic disaster America suffered when Ronald Reagan was in the White House.</p>
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