Friday, December 3, 2010

Unemployment jumps to 9.8 percent – highest since April + Full-time unemployment rate 10.7 percent + Unemployment persists: Half of jobless waiting six months

[mEDITate-OR:
think that Jim @ CR is the ONLY game in town...
well, are we not lucky, now he is not.

What we get handed to U.S. by most of the media is a simple AP chart. However, recently, not only does MSNBC, not carry it anymore; neither to Yahoo News OR, gasp, Google.
Now, IF you want to see the AP chart you have to hunt for it, in of all places, Macon Ga.

But, now, we also have THIS web site for multiple economic charts:
Scary Unemployment

Some of the most frightening unemployment data!
http://www.blytic.com/DashboardView.aspx?dashboardid=970B0FF3F6F544D98FBC2F2E9088FC1E

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Below are three VERY different employment charts, and IF you read the article you will see that they are not only quite different, but very informative.

These are by "Sold at the Top", who appears now in the CRMonitor and SeekingAlpha, along with his own web site.

As "They" tell U.S...: "What you DO know, will help you!"
or something like that.
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The 1st chart shows the "real" unemployment number U-6 vs the faux U-3
The 2nd shows U.S. a "corrected" U-3. Very interesting.
The 3rd is a simpler 27 weeks chart. His full 27 weeks chart is much better.
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The Christian Science Monitor - Paper Economy
Unemployment jumps to 9.8 percent – highest since April
Unemployment, as traditionally reported, climbed upwards to 9.8 percent in November. Total unemployment remained at 17 percent.
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Full-time unemployment rate 10.7 percent
While the national unemployment rate was 9.8 percent in November, 10.7 percent of those seeking full-time work remained unemployed.
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Unemployment persists: Half of jobless waiting six months
Almost half – 42 percent – of all jobless now need half a year or more to find a job.
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