Friday, September 3, 2010

Unemployment Ticked Up to 9.6% in August - Again Driven by Census Firings

[mEDITate-OR:
miss Daniel's monthly very good charts...
Once again, Daniel provides U.S. with a variety of views of that data, and what it means to US.
Then he shocked U.S. with this:
"One striking observation from this chart is the decline in temporary workers. This is worrying. They had been growing since the unemployment rate began to decline. This month's drop could imply that some firms are going from tentative hiring -- through temp jobs -- to a more pessimistic view of the future. That would then result getting rid of those temporary workers."
As he points out to U.S., that is NOT very good news.

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job sector chart 2010-07.PNG
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unemp cht1 2010-08.png
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unemp cht2 2010-08.png
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non-census jobs 2010-07 v2.PNG
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private sector jobs 2010-07.PNG
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discouraged 2010-07.GIF
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seasonal variance 2010-07.PNG
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Unemployment Ticked Up to 9.6% in August
Again Driven by Census Firings
http://www.theatlantic.com/business/archive/2010/08/jobs-decline-by-131-000-in-july-unemployment-rate-steady-at-95/61039/
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