Slouching Towards Oblivion

Wednesday, October 14, 2009

Unemployment Numbers for September 09

SUMMARY:
The unemployment rate increased a tenth of a percentage point to 9.8% in September, in line with the Bloomberg market consensus.

The rate has doubled since the start of the recession. This 4.9 point increase is the highest recessionary increase on record.
The labor force contracted significantly in September.

Some scary shit from The Fed in Atlanta.

Why is it they never give us the real numbers the first time around?

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