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October 07, 2011

Jobs Numbers [Domenech]

First Friday of the month means jobs numbers. We're looking at 103K jobs created in September, exceeding expectations. But unemployment rate stays at 9.1%. We've been between 9.0 and 9.2 since April with basically no movement.

Broader U-6 unemployment rate increased to 16.5% from 16.2%. And according to BLS, the number of long-term unemployed - those unemployed for six months or more - was 6.2 million, making up 44.6% of the total unemployed.

Frankly, this means we’re just keeping pace with population growth. This is what a managed decline looks like.

Update: As commenters note, this number includes the 45k striking Verizon workers coming back into the fold. Also, Jim Pethokoukis has some thoughts.

posted by Guest Blogger at 08:56 AM

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Frankly, this means we’re just keeping pace with population growth. This is what a managed decline looks like. Update: As commenters note, this number includes the 45k striking Verizon workers coming back into the fold. Also, Jim Pethokoukis has some thoughts. posted by Guest Blogger at 08:56 AM \| Access Comments <script language="javascript" src="http://adserver.adtechus.com/addyn/3.0/5235/1131537/0/170/ADTECH;loc=700;cookie=info;target=_blank;key=key1+key2+key3+key4;grp=[group]"></script><noscript><a href="http://adserver.adtechus.com/adlink/3.0/5235/1131537/0/170/ADTECH;loc=300;key=key1+key2+key3+key4;grp=[group]" target="_blank"><img src="http://adserver.adtechus.com/adserv/3.0/5235/1131537/0/170/ADTECH;loc=300;key=key1+key2+key3+key4;grp=[group]" border="0" width="300" height="250"></a></noscript>	Recent Comments Adriane the Fruit Pie Chart of the Month Club Critic . . .: "Rain ? ..." Taboo family sex: "Time Extension. Hookshot Media. Archived from the ..." 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