As a Swede, may I say regarding those 87%, that we are second to few in massaging unemployment statistics.

(Someone I know who works in education once received a memo from his boss. This was late summer, mid-nineties. The wording was to the effect that "This is all we currently have lined up for autumn. However, please be prepared for sudden goverment funding in case we are called upon to hide some unemployment".)

I like "geological economic time". (What would be "geological IT time" - Two years?)