Monday, September 9, 2013

Unemployment

And related economic issues. The BLS is reporting 7.3% unemployment which would be a continuation of their reported decline in unemployment.

Meantime, via Hot Air:
The number of planned layoffs at U.S. firms surged in August to their highest in half a year, with industrial goods manufacturers the hardest hit, a report on Thursday showed.
Employers announced 50,462 layoffs last month, up 33.8 percent from 37,701 in July, according to the report from consultants Challenger, Gray & Christmas.
The August job cuts were up 57 percent from the same time a year ago. For 2013 so far, employers have announced 347,095 job losses, close to the 352,185 that were seen in the first eight months of last year.
And via Gallup,

% Payroll to population% Underemployed% Unemployed
09/7/201343.9%17.2%8.4%
09/6/201343.8%17.1%8.4%
09/5/201344.0%17.1%8.4%
09/4/201343.9%17.1%8.4%
09/3/201343.8%17.2%8.5%
09/2/201343.7%17.3%8.5%
09/1/201343.7%17.4%8.6%
08/31/201343.7%17.4%8.7%
08/30/201343.7%17.5%8.8%
08/29/201343.8%17.5%8.7%

So who 'ya gonna believe, the gummint, or your lyin' eyes?

Update: Mike Shedlock has the time and resources to pursue this in great detail. More here.

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