Wall Street Manna

An irreverent look at Wall Street

Thursday, July 2, 2009

467,000 jobs lost


U-3 rate 9.5%; last month it was 9.4%
U-6 rate was 16.5%, last month it was 16.4%.

It means that the unemployment situation is not getting better.

The work week is now down to 33 hours, and personal income is shrinking.

No wonder Obama is having the employment confab in the White House today.

Green shoots in unemployment?

NONE.

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