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Trivia Tidbit Of The Day: Part 114 -- U.S. Unemployment Rate.

The U.S. Unemployment Rate Over The Past Quarter Century, 1980-2005-

The United States economy is so mammoth that steering it immediately away from trouble is nearly impossible. Think of piloting an aircraft carrier. Now imagine trying to steer the great ship with a Dodge Neon steering wheel-- with no power steering.

It's going to be difficult, if not impossible.

A President is not entirely helpless to improve or wreck the American economy, but any policy implementation may take months or even years to come to fruition. Thus, it is disingenuous to "blame" President Bush for the economic slide he inherited. But liberals do it all the time. Are they really asserting that the mere presence of George W. Bush in the White House caused the dot com bubble to burst?

It is equally wrong to fail to give credit for the improving economy-- which has been improving for years now according to nearly every economic indicator.

Yet, a majority of Americans, while they tell pollsters that they feel good about their own personal circumstances, still believe the economy overall is not so hot. Economic illiteracy needs to be stamped out. So, the first of several standard economic indicators, to put the economic situation into perspective:

Falling unemployment-

Source:

Recent Economic Developments (.pdf), Joint Economic Committee, U.S. Senate.

UPDATE:

Biggest drop in jobless claims in 30 months.

Previous trivia tidbits:

Part 1; Part 2; Part 3; Part 4; Part 5; Part 6; Part 7; Part 8; Part 9; Part 10; Part 11; Part 12; Part 13; Part 14; Part 15; Part 16; Part 17; Part 18; Part 19; Part 20; Part 21, Part 22; Part 23, Part 24, Part 25; Part 26; Part 27, Part 28; Part 29; Part 30, Part 31; Part 32; Part 33; Part 34; Part 35; Part 36; Part 37; Part 38; Part 39; Part 40; Part 41; Part 42; Part 43; Part 44; Part 45; Part 46; Part 47; Part 48; Part 49; Part 50; Part 51; Part 52; Part 53; Part 54; Part 55; Part 56; Part 57; Part 58; Part 59; Part 60; Part 61; Part 62; Part 63; Part 64; Part 65; Part 66; Part 67; Part 68; Part 69; Part 70; Part 71; Part 72; Part 73; Part 74; Part 75; Part 76; Part 77; Part 78; Part 79; Part 80; Part 81; Part 82; Part 83; Part 84; Part 85; Part 86; Part 87; Part 88; Part 89; Part 90; Part 91; Part 92; Part 93; Part 94; Part 95; Part 96; Part 97; Part 98; Part 99; Part 100; Part 101; Part 102; Part 103; Part 104; Part 105; Part 106; Part 107; Part 108; Part 109; Part 110; Part 111; Part 112; Part 113.

Daily Trivia Tidbits cover a wide range of topics, and they're usually not trivial at all; you never know what you might find. Stay tuned to WILLisms.com for more.

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Posted by Will Franklin · 21 July 2005 09:01 AM

Comments

Posted by: Jim Hoft at July 21, 2005 09:46 AM

Posted by: Will Franklin at July 21, 2005 09:48 AM