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UNDERNEWS

Undernews is the online report of the Progressive Review, edited by Sam Smith, who covered Washington during all or part of one quarter of America's presidencies and edited alternative journals since 1964. The Review, which has been on the web since 1995, is now published from Freeport, Maine. See main page for full contents

November 6, 2009

UNEMPLOYMENT RATE HITS 10.2%, HIGHEST SINCE 1983


Unemployment rate hits 10.2%, highest since 1983 - 11/09

By the fall of 2008, most American workers were bringing home roughly the same weekly wages they had earned in 1983, after accounting for inflation. -NYT

The employed worked fewer hours in May 2009 - an average of just 33.1 hours a week - than at any time since the Bureau of Labor Statistics began counting in 1964

The percentage of people in the labor force not working but looking for work in August 2009 rose to 9.7 percent, its highest level in 26 years. The teenage unemployment rate, however, is at 25.5 percent, its highest level since the Bureau of Labor Statistics began keeping track of such data in 1948. - New York Times

Real unemployment highest since depression 7/09

MORE INDICATORS

11/06/2009

1 Comments:

Blogger bondwooley said...

Since the government can’t solve the problem, it’s time the people start facing unemployment with their own ingenuity:

http://bit.ly/ozqT6

(satire)

November 6, 2009 11:37 AM  

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