Unemployment data for the month of March reaches another record level, now 8.5%. A level not seen since 1983.
The more accurate measure of unemployment, known as the U-6 data, revels that the unemployment rate is 15.6%
(U-6:Total unemployed, plus all marginally attached workers, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all marginally attached workers)
MARCH CHANGE IN NONFARM PAYROLL: -663,000
CHANGE IN MANUFACTURING PAYROLLS: -161,000
- January nonfarm payrolls are revised from -655K to -741K (now lowest reading since Oct 1949 when reached -834K)
- Prior Manufacturing payrolls revised from -168K to -169K
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More on this topic
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Jon Stewart Takes on the Unemployment Crisis
(Red Hot Energy and Gold - Global..., 7/8/10)
It's Not A Job Shortage, It's A Worker Shortage!
(Barel Karsan, 7/20/10)
States Still Borrowing for Jobless Benefits
(Expected Returns, 4/21/10)
