Saturday, December 26, 2009

U-3, U-6 and Black Unemployment

The unemployment rates for standard unemployment(U-3), total unemployment (U-6)and Black unemployment all dropped slightly in November. The moves were a surprise to forecasters. Non farm payroll dropped only (-11,000) which is pretty close to zero. There were jobs losses in manufacturing (-41,000) and job gains in temporary help(+52,000) and health care(+21,000).

Non farm payroll dropped by only (-11,000) which is a negligible amount. However, the cumulative job losses over the recession have totaled more than 7 million.

Note: Starting this month the Evil Black Economist will combine the three charts.

No comments:

Blog Archive