The smoke and spin machine are humming along and spewing copious amounts of MOPE. The latest characterization of our shitty economy is that it has encountered a “rough patch” along the road to recovery. Yeah, rough patch alright. CNBC is calling a bump in the road. How about this, more like the fucking bridge has fallen into the river. Rough patch? YGTBSM. Now we have a secretary of labor on saying that this country is creating jobs! YGTBSM!!!
Two charts that confirm that the US economy is, and has been for the past 3 years, in nothing short of a depression.
And average duration of unemployment which just hit 39.7 weeks. Another record. (chart courtesy of John Lohman)