Friday Chart Porn: Beneath the Unemployment Numbers
The general consensus on today’s unemployment numbers is that they’re bad but improving: NYT
While the pace of job losses has slowed significantly since the peak of the recession last winter, the unemployment rate, which measures the number of people actively seeking work, continues to climb, and economists do not foresee relief until well into next year.
“There’s no doubt that the slashing and burning of jobs has abated quite a lot,” said Allen L. Sinai, the founder of Decision Economics, a research firm. “The economy is recovering, but it is a very soft recovery.”
While it is clear that many economists and policy-makers see recovery on the horizon, a peek beneath the veneer of these numbers is disturbing.
1. The Big Picture: NFP / Unemployment Charts Get Fugly
2. MITACs: Unemployment Trends in US and Canada
3. NYT: Behind the Jobless Rate
4. The Big Picture: Even More Unemployment Charts
Posted: November 6th, 2009 under The Dismal Science.
Comment 2
Comments
Comment from bondwooley
Time: November 6, 2009, 11:48 am
Since the government can’t solve the problem, it’s time the people start facing unemployment with their own ingenuity:
(satire)
Comment from Stick
Time: November 6, 2009, 1:25 pm
Nice
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