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Jobs Contract 10th Straight Month; Unemployment Soars To 6.5%
globaleconomicanalysis.blogspot.com - 11/7/2008
Jobs Contract 10th Straight Month; Unemployment Soars To 6.5%
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Before taking a look at the monthly jobs data, let's take a look at weekly claims. The US Department of Labor is reporting Initial Unemployment Insurance Claims continue to rise. Seasonally Adjusted In the week ending Nov. 1, the advance figure for seasonally adjusted initial claims was ...
A very weak employment report
econbrowser.com - 11/9/2008
A very weak employment report
— econbrowser.com — More bad economic news arrived today from the Bureau of Labor Statistics. The BLS reported that the... unemployment rate has gone up by 1-1/2 percentage points in the last six months, with 6.5% of the labor force now reporting themselves to be ... (more) A very weak employment report

Comments vote down Abnormal Returns found this 11/9/2008found this
bigpicture.typepad.com - 11/6/2008
Undercounting Under-Employment
— bigpicture.typepad.com — Tomorrow is NFP day, and I am expecting a doozy of a number: a loss of 250-300k... jobs, and the Unemployment rate ticking up towards 6.5%. But even that number does not accurately portray the amount of employment damage that has been done the past ... (more) Undercounting Under-Employment

Comments vote down IEHI Feed: The Hedge Fund Implode-o-Meter found this 11/6/2008found this
Birth Death Model Overstates Employment... Again
econompicdata.blogspot.com - 11/7/2008
Birth Death Model Overstates Employment... Again
— econompicdata.blogspot.com — The Birth Death Model once again overstates employment. In other words, things are a lot worse than... the 6.5% rate presented to us. Per The Big Picture : Since 2003, the B/D adjustment has been part and parcel to BLS' Current Employment Statistics ... (more) Birth Death Model Overstates Employment... Again

Comments vote down The Big Picture found this 11/7/2008found this

Blog Reactions

Fund My Mutual Fund:  October's Unemployment Rate Rises to "6.5%"

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Blog Reactions

October's Unemployment Rate Rises to "6.5%"
Fund My Mutual Fund — ... From here I copy Mish's comments (a fellow blogger who actually takes the time to break down the piece of fiction) - again, the data is so manipulated I have stopped even bothering with it but for those interested you can read ahead for the gory details. My comments below are in blue shade - the rest are from Mish. Just keep in mind, this is all going to be revised DOWN in 30-60 days. ...

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