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Jobs Contract 12th Straight Month; Unemployment Rate Soars to 7.2%
globaleconomicanalysis.blogspot.com - 1/9/2009
Jobs Contract 12th Straight Month; Unemployment Rate Soars to 7.2%
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Before taking a look at the monthly jobs data, let's take a look at Initial Unemployment Insurance Claims from The US Department of Labor. click on chart for sharper image For a look at how well states are handling the massive rise in claims, please see Unemployment Claims Crash Multiple ...
The Startling Dropoff in Trade Flows
econbrowser.com - 1/15/2009
The Startling Dropoff in Trade Flows
— econbrowser.com — The trade release has already been remarked upon, in terms of the dropoff in both exports and... imports signaling a synchronized recession. [1] , [2] , [3] , [4] I have little to add here, except for plotting the "cliff-diving" in log real terms.  ... (more) The Startling Dropoff in Trade Flows

Comments vote down naked capitalism found this 1/15/2009found this
There's Unemployment, and Then There's Unemployment
paul.kedrosky.com - 1/11/2009
There's Unemployment, and Then There's Unemployment
— paul.kedrosky.com — I have been sent this Reuters story from yesterday umpteen times, so I may as well post... it, as well as the underlying graph. The gist: If unemployment were being measured the same way as it was during the Depression, the U.S. would be well on its way ... (more) There's Unemployment, and Then There's Unemployment

Comments vote down The Big Picture found this 1/11/2009found this
More stimulus notes
krugman.blogs.nytimes.com - 1/7/2009
More stimulus notes
— krugman.blogs.nytimes.com — Mind the gap 1. The new CBO budget and economic outlook is out. Above is its forecast... for the GDP gap - the hole stimulus has to fill. I'd guess that the CBO estimate, which has unemployment averaging 8.3 percent in 2009 and 9 percent in 2010, is ... (more) More stimulus notes

Comments vote down EconomPic found this 1/7/2009found this

Blog Reactions

Fund My Mutual Fund:  Unemployment Rate Hits 13.5%... err, I'm sorry 7.2%

Comments
Blog Reactions

Unemployment Rate Hits 13.5%... err, I'm sorry 7.2%
Fund My Mutual Fund — ... Here is the link to the Mish article I link to each month - once more, if you have joined the site in the past 2 months I urge you to please read my post from October this weekend for a reality check on "government figures". The Great Depression had mid 20%s unemployment (how accurate that was? who knows - I doubt very accurate) - but we can measure quite accurately the 70s and early 80s. We are already in as bad shape as then and the next 3-5 months will get far worse. ...

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