UsableMarkets

Nice referral from Economix about joblessness in this recession compared to past recessions. They point to the work of the Dallas Fed economists, but only include some of the charts. Here are all of the charts from the Dallas Fed:

If anything one senses the return of an old problem that has been hinted at before (remember the “jobless recovery” for our last recession in 2001 that everyone talked about?), but is now assuredly back.

The main question is: what does that mean for the American economy? Here’s a clue.

Addendum: I remember reading yesterday (but I don’t remember where) that younger people are more optimistic about their job prospects than older people. One could surmise that if technology is part of the reason that people are getting laid off, and staying laid off, then younger people who tend to have more skills relating to technology (or at least be less afraid of it) will be less worried since they should have the skills to compete in this “new world.” Not so those troglodytes we call our parents.

~alex