Tumblr Icon RSS Icon

Chart of the Day: Capacity Utilization vs Unemployment

By Matthew Yglesias on June 20, 2010 at 3:58 pm

"Chart of the Day: Capacity Utilization vs Unemployment"

Share:

google plus icon

Mark Thoma offers this:

Caputil-vs-un

From a forecasting point of view, I think it’s not totally clear how you want to interpret this. I think it’s noteworthy that capacity utilization at our last peak was actually pretty low—similar to the early-nineties recession level. I take that as evidence that global policy leaders haven’t learned how to fully take advantage of developed world economic progress. In the aggregate, the planet earth is getting much, much, much better at making stuff and we’re distributing it effectively.

‹ PREVIOUS
The Unavoidability of Long-Term Austerity

NEXT ›
China’s Service Sector Challenge

By clicking and submitting a comment I acknowledge the ThinkProgress Privacy Policy and agree to the ThinkProgress Terms of Use. I understand that my comments are also being governed by Facebook, Yahoo, AOL, or Hotmail’s Terms of Use and Privacy Policies as applicable, which can be found here.