Holy crap! Unemployment jumped to 7.6% last month, the worst since September 1992. Nonfarm payrolls plunged by 598,000. The economy has lost jobs for 13 straight months. Since the recession began, the economy has lost 3.6 million jobs--half of that came in the last three months of 2008.
Here's a look at the unemployment rate since 1995:
Here's another measure of employment, the number of employed as a percent of the total population.
The traditional unemployment rate only counts folks "in the labor force" so if you're not looking for a job, you're not counted. Of course, people stop looking for jobs when there are no jobs so I really don't get that one.
How's this for a scary number. If the employed/population rate was at the level it was in April 2000, there would be ne
Related Headlines
- Q3 earnings, job cuts boost NetApp (NTAP)posted 762 weeks ago on BloggingStocks
- Earnings previews: Hewlett-Packard (HPQ) and Whole Foods (WFMI)posted 827 weeks ago on BloggingStocks
- Do HP numbers make life harder for Dell?posted 826 weeks ago on BloggingStocks
- Deere shares rise after solid Q4 reportposted 826 weeks ago on BloggingStocks
- Closing Bell: Last minute mini-rally avoids larger disaster; KO, PFE, S, JASOposted 762 weeks ago on BloggingStocks
- Ford (F) tumbles on economic worriesposted 826 weeks ago on BloggingStocks
- Shoe Pavilion (SHOE) balks the earnings callposted 827 weeks ago on The StockMasters - Investing News and Analysis, Hot Stock Tips, Stock Marke
- Oil inventories show surprising declines last weekposted 826 weeks ago on BloggingStocks
- Coke is 'the real thing'posted 762 weeks ago on BloggingStocks
- More blues for the record industry: Sales to plummetposted 827 weeks ago on BloggingStocks