Visual of the day - unemployment

From The Wall Street Journal.

Before the US unemployment rate peaks, it will have doubled from its lows two years ago. And it will not stop rising until well into 2010. The unemployment rate is typically a lagging indicator, since companies tend to wait until a few profitable quarters have passed until re-starting hiring after a recession. About the best to look for in the near months is just a slower rate of increase in the unemployment rate.