spaineconomy.blogspot.com - 1/9/2009
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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 Secretary General Maravillas Rojo clarified in ...
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
change.gov - 1/10/2009
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change.gov —
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 ...
(more)
Turning around unemployment
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
Comments
Blog Reactions
Putting Out Fires During Noah's Flood, Or Eyeless In Gaza Part II
Global Economy Matters —
... A comment which set me thinking about what is actually happening in Spain right now. Unemployment went over the 3 million mark in December, and is now running at something over 13.5% of the economically active population (according to Eurostat estimates). During 2009 this figure is certain to rise further, possibly to 4.5 million, or 20% of the economically active population (my guess, though it is a guess, since there are so many "unknowns" at this point - but we will surely be over the 4 million mark come next December). ...
Putting Out Fires During Noah's Flood, Or Eyeless In Gaza Part II
Euro Watch —
... A comment which set me thinking about what is actually happening in Spain right now. Unemployment went over the 3 million mark in December, and is now running at something over 13.5% of the economically active population (according to Eurostat estimates). During 2009 this figure is certain to rise further, possibly to 4.5 million, or 20% of the economically active population (my guess, though it is a guess, since there are so many "unknowns" at this point - but we will surely be over the 4 million mark come next December). ...
Related Content
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:
...
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 ( ...
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. ...
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 ...
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 ...
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 ...
Over-the-Year Change in Unemployment Rates for States
bls.gov 12/27/2008 — Over-the-Year Change in Unemployment Rates for States Monthly Rankings Seasonally Adjusted Nov. 2007 Nov. 2008 p Rank State Rate Rate Change p = preliminary. NOTE: Rates shown are a percentage of the labor force. Data refer to place of residence. ...
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