Jobless rates rose to 7.6 from 7.2 in December. There were 598,000 jobs lost. But this is only half of the story. To see the real story, we need to look at U6 number and beyond.
U6 includes persons "discouraged" from working. i.e. People so discouraged by not finding a job, that they have stopped looking.
The U6 number (not seasonally adjusted) is 15.4 and seasonally adjusted to 13.9. That means even looking at the better number, we have reached 13.9 number. Only 12 away from 25 of great depression.
According to ShadowStatistics.com, the real unemployment number is 18. Here is a chart from ShadowStatistics.com.
The content contained in this blog represents the opinions of HousingDepression.
This commentary in no way constitutes investment advice. It should never be relied on in making an investment decision, ever. Nor are these comments meant to be a solicitation of business in any way - such inquiries will not be responded to. This content is intended solely for the entertainment of the reader, and the author. We may hold either long or short positions in securities of various companies discussed in the blog. The information in blog may contain misspellings and other inaccuracies. It is provided "As IS," without express or implied warranties of any kind. HD represents all rights to the information.
Technorati Tags monthly,payroll
No comments:
Post a Comment