Earlier today, the Labor Department announced the U.S. unemployment rate rose to 9.5%, a 26-year high. Nonfarm payrolls shrank by 467,000. Could America’s labor woes possibly be any worse?
You bet.
This morning, Phil Izzo of the Wall Street Journal’s “Real Time Economics” blog wrote:
As job losses accelerated in June, the unemployment rate ticked up 0.1 percentage [...]
Read the complete post at http://www.boom2bust.com/2009/07/02/broader-measure-of-unemployment-hits-165-in-june/
Posted
07-03-2009 1:46 AM
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Boom2Bust.com
Filed under: Economy, Great Depression, Employment, Depression, Unemployment, job losses, labor market, Economic Indicators, U.S. Department of Labor, unemployment rate, job market, job seekers, long-term unemployed, broader jobless rate, broad jobless rate, official unemployment rate, U-6, headline unemployment numbered, Department of Labor