Yup. See, e.g., page 6 of http://www.policepay.net/pdf/usecon.pdf http://www.policepay.net/pdf/usecon.pdf. Unemployment had a local maximum in 1992 and then wen

Yup. See, e.g., page 6 of http://www.policepay.net/pdf/usecon.pdf http://www.policepay.net/pdf/usecon.pdf. Unemployment had a local maximum in 1992 and then went down every year until 2000.