The Atlantic - June Unemployment Rate Declines to 9.5%

[mEDITate-OR:

Daniel, once again, great work. Not only are you on point, but your charts are vastly better than any others we can find so far this morning.

The problem is that while it tis true, and you are right private employment is and will be very slow, the loss of govt jobs AND the loss of UI will further reduce spending on consumption. Resulting in less Govt revenue - local, state & federal = more layoffs.

Private employers have not, and are not going to start hiring until they see increased consumption/spending.

We may now be caught in a maelstrom. MOG.

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The Atlantic -

June Unemployment Rate Declines to 9.5%

http://www.theatlantic.com/business/archive/2010/07/june-unemployment-rate-declines-to-95/59101/

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