February Unemployment Numbers Very Grim

As expected, the unemployment rate continued to rise as many corporations and businesses continued to fire and layoff workers in unprecedented numbers not seen in decades. The rate (U-3) used by mainstream media shows an 8.1 % unemployment, the highest since January '84. The actual true rate (U-6) shows an employment rate of at least 16.0 %, or basically one out of every six adults. An early projection for the U-3 March numbers: 8.6 %; for April, 9.1 %; for May 9.5 %, for June 9.8 %, and for July 1o.2 %. Increase those numbers by 80 to 85 % and one gets what the true actual unemployment numbers (U-6) at least to a minimum.

http://www.nytimes.com/2009/03/07/business/economy/07jobs.html?hp

http://www.bls.gov/news.release/empsit.t12.htm

http://www.mybudget360.com/finance-economy-major-trends-in-employment-college-graduates-now-facing-higher-unemployment-u-6-rate-now-at-148-and-43-million-jobs-lost-during-this-recession/

http://www.calculatedriskblog.com/2009/03/part-time-for-economic-reasons-hits-86.html

https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhDFc_HzcQ7hqdFldrxiowB1C-ht47y4E3AyekXcXTOcz7AuhGCM_IkpgvVQAkpk01AkMzLoXAVDzTngebKtepvU6Rt9gwSrsumCUS0tQB0mJXoFtKVNPGi5pR8_wQmDhcF7O08Bmrmx8s/s1600-h/JobLossesPercentPostWarFeb2009.jpg

http://www.calculatedriskblog.com/2009/03/more-on-job-losses-comparing-recessions.html

http://www.buzzflash.com/articles/analysis/657

http://news.yahoo.com/s/ap/20090306/ap_on_bi_go_ec_fi/economy

http://www.washingtonpost.com/wp-dyn/content/article/2009/03/06/AR2009030601063.html?nav=rss_email/components

http://energybulletin.net/node/48275

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