Friday, December 4, 2009

Unemployment Drops to 10%

I wish I had some more time to break this down (traveling), but the headline AND details do look improved at first glance. The WSJ agrees:
The top-line numbers in Friday’s big jobs looked pretty good. So do the details. Temporary help services rose 52,000. The average workweek ticked up from 33.0 to 33.2. Average hourly earnings edged up 0.1%. And the U6, the broadest measure of unemployment dropped from 17.5% to 17.2%. All forward leaning signs of improvement.


Source: BLS
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3 comments:

  1. mabDecember 4, 2009 at 8:42 AM

    Jake,

    Definitely a better report than expected.

    I'm still wondering where the sustainable job growth is going to come from though. I think we'll be toggling government stimulus on and off for years to come.

    ReplyDelete
  2. VegasBDDecember 4, 2009 at 10:00 AM

    or until the dollar breaks.

    ReplyDelete
  3. RTCDecember 5, 2009 at 8:13 AM

    One bad indication:

    long term unemployment

    ReplyDelete