Unemplyment 9/25

http://www.tradingeconomics.com/charts/united-states-unemployment-rate.png?s=usurtot&d1=19480101&d2=20131231 From the Website above, there is a link to an unemployment chart that goes back to as far as 1948. This is a great representation of our economy in the past 65 years. You can clearly see that the economy is constantly rising and sinking. The unemployment rates from 1948-1975 were averaged out to be right around 5%. If you look right past 1975 into 1976, you can see that unemployment rates dramatically increased to average out at about 7%. This is probably due to the stock market losing 40% in an 18 month period which led to the great inflation of the 70's. The economy/unemployment rate didn't get any better until about the late 80's entering the early 90's as you can see in the graph. Up until 2007, the unemployment rate was staying decently consistent at right around a 5% unemployment rate. As soon as 2007 hit, the unemployment rate skyrocketed to 10%. This was caused mainly from the hundreds of thousands of jobs that were lost. I believe these jobs were lost because our government is trying to get out of debt and to do so there needs to be cuts in order to make up the money that was lost in recent years. Soon enough the unemployment rate will drop and eventually spike right back up again.