Friday, September 3, 2010

BREAKING: Unemployment at 9.6%, up 0.1% from July

Fresh electrons from the Bureau of Labor Statistics: the official unemployment rate is 9.6%, up slightly by 0.1% from July. The broader measurement of unemployment (U6) is up from July as well; it is 16.7%, up from 16.5%.  Things are basically moving sideways right now.

More as time permits, and analysis rolls in.

UPDATE: The initial consensus is that things are improving (but slowly) and that the uptick in unemployment is happening as discouraged workers come back into the market. Thanks, as always, to Calculated Risk for the graph.
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1 comment:

  1. AnonymousSeptember 3, 2010 at 1:52 PM

    This is looking more and more like the Japanese or British stagnations that occurred in the last century. Classic govt recipe of deficity spending and entrenched interests to help it in that direction also.

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