change.gov - 1/10/2009
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The high unemployment numbers released this week rattled the country, as anxiety about the deepening recession hit home to more and more American families.
President-elect Obama's Weekly Address responds with an urgent call for immediate and dramatic action to get our economy working again.
...
paul.kedrosky.com - 1/11/2009
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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
spaineconomy.blogspot.com - 1/9/2009
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spaineconomy.blogspot.com —
Spanish registered unemployment topped 3 million for the
first time ever in December, as the government said...
unemployment was expected to worsen in 2009. Comparable government figures on the number of jobless in Spain go back to 1996 but Employment ...
(more)
Unemployment Up And Mortgages Down In December
247wallst.com - 1/6/2009
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247wallst.com —
The minutes from the December FOMC meeting where
rates were essentially taken to zero have now been...
released. What is interesting here is that there is very...
(more)
Fed Minutes: Pain & Unemployment Ahead
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Obama Provides Analysis Of Economic Plan
Breaking News: CBS News —
... that their estimates are "subject to significant margins of error," both because of the assumptions that went into their economic models and because no one knows the final outlines of the package that will emerge from Congress. "These numbers are a stark reminder that we simply cannot continue on our current path," Obama said Saturday in his weekly radio and YouTube broadcast address . "If nothing is done, economists from across the spectrum tell us that this recession could linger for years and the unemployment rate could reach double digits - and they warn that our nation ...
Obama Backs Off Hiring 600,000 More Bureaucrats?
Cato @ Liberty —
... Because in his January 11 radio address, he promised that 90 percent of the jobs he creates or saves will be in the private sector. And interestingly, both the ...
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How Bad Will it Get?
economistsview.typepad.com 2/18/2009 — It's not looking good. Many people have been trying to make the case that the current downturn is no worse than the downturns in the 1970s and 1980s, but there's reason to think this downturn is following a different, more worrisome trajectory:
...
True Unemployment Numbers
philstockworld.com 7/9/2009 — Courtesy of John Lounsbury :
The current official unemployment figure (9.5% for June) should be replaced (or at least supplemented) by a better measurement of actual unemployment. Unemployment should be measured in terms of hours worked by all employees, full-time and part-time. ...
Unemployment over 11%?
tvhe.co.nz 2/23/2009 — NZI has suggested that unemployment may go over 11% . Now although it sounds like this estimate is no more than random conjecture (the countries in the Rogoff study are not comparable to the New Zealand case), it is still worth putting what this means in some historical context.
Source ( ...
Unemployment hits 25-year high
ritholtz.com 3/6/2009 — Some nice chart porn from CNN Money:
>
>
Source:
Unemployment hits 25-year high
Chris Isidore,
Jobless rate hits 8.1% in February as a record-high 12.5 million people are unemployed.
CNNMoney.com senior writer
March 6, 2009: ...
Weekly Unemployment Claims Portend Disaster
globaleconomicanalysis.blogspot.com 8/1/2009 — The Department of Labor Weekly Unemployment Report is now so skewed by abnormalities, it is difficult to get a clear picture. First, let's take a look at the data. Seasonally Adjusted Data In the week ending July 25, the advance figure for seasonally ...
Continuing Claims vs Economically-lagging Unemployment
ritholtz.com 5/10/2009 — Bob Bronson took a closer look at what the Unemployment data was suugesting. His view: Continuing Claims are contradicting the widely accepted view that “Less Bad Emplyment data = end of recession.”
Bronson:
“Continuing Claims ...
Tell-tale stat: States' unemployment compensation funds running low
pheedo.com 2/11/2009 — It's a sign of the times: an increasing number of states are running out of money to pay unemployment compensation benefits. Seven states have already depleted their employment insurance trust funds, according to the National Conference of State Legislatures (NCSC). Another 11 states are in ...
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