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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- People Making more but not Spending more.
- GDP Growth Anemic at +0.5%.
- Housing Slowing?
- Durable Goods Orders Recover some of Previous Loss.
- New Home Sales Remain Weak.
- John Oliver On Credit Reports
- Manufacturing Flattens.
- FHFA Home Price Index +5.6% year/year.
- Existing Home Sales Recover Some of February Loss.
- More Weak Fundamentals.