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.
The Basis Point is a mortgage and housing blog for consumers, investors, and industry pros. Topics range from rate markets, regulation, and technology to workplace, family, and pop culture. More...
- GDP +1.8% (annualized) for 1st Half of 2014.
- Flatter Home Prices.
- Pending Sales of Existing Homes down.
- The Federal Reserve
- Durable Goods Orders Recover.
- Purchase applcations up slightly but…
- A Mixed bag of Fundamentals.
- Chicago Fed Manufacturing: Growing but Slower.
- Is the Supply Side Failing?
- Consumer Sentiment, Leading Indicators down.