http://stats.bls.gov/news.release/empsit.htm
15.6 U6 and 8.5 U3. Just ugly numbers, we continue to see unemployment increasing without a break. At this pace we will see 10% around June. That will mark a new and more ugly phase. Crossing the point of 10-1 of employed vs unemployed. At this point we begin to strain the system.
Friday, April 3, 2009
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2 comments:
thank god I'm not the only one looking at the U-6 numbers...
Psst: for a 10-1 employed-unemployed ratio, we only need to make 9% unemployment... which is coming sooner than we think!
Agree, I using the easy number of 10%, but looking at U6 we are much closer to 5-1
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