The unemployment rate was 4.8% in December 2007 when the recession was declared official, and as of the April 2010 jobs report on Friday, it was 9.9%. We did have the best monthly gain in jobs in four years on the April report with +290k jobs (or +224k ex-Census workers), but we’ve lost 7.72m jobs since the recession began. Need a string of April-like numbers to sustain a recovery. You can hover over chart below to see official BLS-reported unemployment rates for each month in this series beginning in 1990. The link above will take you to the most recent data from last Friday.
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- GDP +4.6% in 2ndQ after down 1st Quarter
- Initial Jobless Claims Remain low.
- New Home Sales up in West and South.
- More Evidence of Flatter Home Prices.
- Existing Home Sales down.
- LEI Flatter
- Housing Starts down.
- No Inflation.
- Wholesale Inflation Contained.
- Industrial Production could Reflect Retooloing.