Unemployment and Economic Growth

If anyone ever asks you why economic growth is important, I suggest showing them the following graph from the Washington Post. The goal of the graph is to show how our economy’s actual output, its potential output and unemployment are…

Election Economics: Comparing Economic Recoveries

Illustrated by this graph from the Minneapolis Federal Reserve, sometimes one orange line can create a huge debate. The thick orange line representing the US recovery from the December 2007-June 2009 recession reflects a tepid ascent next to curves that represent…