Friday, August 6, 2010

BREAKING: July unemployment rate at 9.5%, unchanged from June

Good morning! Fresh electrons from the Bureau of Labor Statistics: the official (U3) unemployment rate is 9.5%, unchanged from June. Similarly, the broader (U6) measure of unemployment from July is also unchanged at 16.5%.

Looks like the unemployment scenario is mostly moving sideways these days. More later, as more analysis arrives.

UPDATE at 8:42AM: Thanks, as always, to Calculated Risk for the graph.

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