I read that expression over at Mexico Today a week or so ago:
The National Geography and Statistics Institute said that unemployment reached 5.24 percent of the Economically Active Population in the second quarter, the highest rate in 13 years. (Comment: What I don´t understand is that the US unemployment rate is higher than Mexico’s. If this were true, wouldn’t there be waves of people coming down to Mexico to find a job… Any job?)
That struck me as a potentially interesting search term. Alas, it turned out to be a dud for for current results.
Here’s one of the results, via Forbes.com:
What’s more, the U.S. normally runs a negative savings rate, which means consumers spend more than they have and live off credit. Now, with the economy cratering, Americans are stashing their cash and have boosted the savings rate to 5%, according to the Commerce Department, the highest rate in 13 years. That’s bad news for state governments, as money being saved instead of spent cannot be taxed.
With less money coming in, and less to do, maybe that means tax men will be America’s next round of mass layoffs, a cause for which citizens are unlikely to support a bailout.
PS: “In thirteen years” produced some current news results, though.