http://www.cepr.net/index.php/data-bytes/jobs-bytes/jobs-2009-09/
Unemployment reaches 9.7%
Unemployment for adult men is 10.1%
Underemployment also rose in August: "another 298,000 workers involuntarily working part-time. This number now stands at 8.9 million, or 5.8 percent of the labor force"
The stimulus has helped slow down the rate of job losses but has not been sufficient to increasing hiring.
Today's WSJ has an article titled "States Shut Down to Save Costs." If states replace furloughs with job cuts, as some conservatives advocate, we will see skyrocketing unemployment.
Cutting off stimulus spending too early will imperil the economy.
Subscribe to:
Post Comments (Atom)
-
German Chancellor Angela Merkel has repeatedly warned that there is no clear end in sight for Covid-19 until a vaccine is developed: Chamber...
-
I had the good fortune of meeting Dr. Kate Brown some years back at a conference. She is an amazing person and formidable intellect. Her l...
-
Some readers here may have frequented the anti-nuclear, aggregator website, Enenews.com. Enenews was a news aggregator site that appeared o...
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.