Jun 13 2009
20% U-6 Rate by End of 2009: Employment Situation: Economic Indicator of Hours Worked Dropping at Fastest Pace Since 1970s. A Key Financial Leading Indicator. 7 Million Unemployed since Start of Recession.
The headline number of 9.4 percent unemployment doesn’t do any justice to the 26,000,000 unemployed or underemployed Americans. Last month, we saw the unemployment situation improve when only 345,000 job losses came online. This sure beats the 500,000+ months we had for six consecutive months. Yet the actual unemployment rate jumped from 8.9 percent to [...]
