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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- Weak GDP, Profits, and Sentiment.
- Pending Home Sales at Highest Level in 10 Years.
- Drop in PMI Services May Signal Weak BLS.
- New Home Sales at Highest Level since 2008.
- Supply Side Sluggish.
- Existing Home Sales up.
- Fundamentals Modestly Positive.
- Drop in Purchase Mortgage Applications.
- Housing Starts/Industrial Production up but Still Weak.
- Housing Market Index Shows Continued Growth.