Friday, October 2, 2009

9.8%

More "Green Shoots"...

The REAL NUMBERS are, of course, even worse. Over 1 million people less working in Sept compared to Aug.

LA Times
WASHINGTON — The unemployment rate rose to 9.8 percent in September as employers cut far more jobs than expected, evidence that the longest recession since the 1930s is still inflicting widespread pain.

The Labor Department said today that the economy lost a net total of 263,000 jobs last month, up from a downwardly revised 201,000 in August. That's above Wall Street economists' expectations of 180,000 job losses, according to a survey by Thomson Reuters.


3 comments:

  1. The U6 number is above 16%.
    16%!!!

    /Daft

    ReplyDelete
  2. Well, I have seen even higher numbers than that, it all depends how you count. According to Yahoo financial news (http://finance.yahoo.com/news/US-jobless-rate-reaches-98-apf-93159528.html?x=0&.v=13) its 17%

    ReplyDelete
  3. http://www.youtube.com/watch?v=jeYscnFpEyA&feature=PlayList&p=A49A01BC9D00156B&playnext=1&playnext_from=PL&index=69

    ReplyDelete