Monday, October 05, 2009

 

September Unemployment: ACTUAL LOSS 995k

Headlines: 263,000 "jobs lost" and unemployment rate up to 9.8%.

That's not good - there goes the "second derivative" argument.

Weekly earnings are also down by $1.54, which is bad news too.

But the Household Data is VASTLY worse than reported...

Market Ticker: September Unemployment: ACTUAL LOSS 995k

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