I think I need you to explain those graphs for me. The first one I interpret as absolute unemployment claims (and as of 2001, we're reaching a new high). The second one I interpret as unemployment claims as percentage of employed, and there the fraction is much smaller now than it was in the 70's, which seems to me to be a good thing. So what exactly am I looking at?
I think I need you to explain those graphs for me. The first one I interpret as absolute unemployment claims (and as of 2001, we're reaching a new high). The second one I interpret as unemployment claims as percentage of employed, and there the fraction is much smaller now than it was in the 70's, which seems to me to be a good thing. So what exactly am I looking at?
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