Friday, January 7, 2011

Unemployment remains at over 16%

Unemployment: The real figure is 16.6% in December, up from 16.3% in November. This is the U-6 figure from the labor department that non delusionalists use. This 16%+ figure is corroborated by the Labor force participation rate plunging to a multi year low: 64.3%. Pay no attention to the fools heralding a 9.4% UE rate.

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