Wall Street Manna

An irreverent look at Wall Street

Friday, May 8, 2009

8.9% Unemployment rate

Jobs losses of 539,000 workers.

But the U-6 unemployment rate only went up from 15.6 to 15.8%, and without seasonal adjustments, it actually went down from 16.2 % to 15.4%.

The inventory of workers is finally starting to decrease.

The Government hired 66,000 Census workers, on their way to hiring 1.4 million workers, so they have 1,333,000 to go.

What else did you expect in the 666 bull market of thebeast?

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