Unemployment rate surges to 9.4%

share save 171 16 Unemployment rate surges to 9.4%

The double digit unemployment rate is sure to follow. Implication: the economy may be in a recovery, but businesses will continue to shed jobs. Any economic recovery will be slow and shallow, if any at all.

EmploymentMeasureMay09 Unemployment rate surges to 9.4%

In historical perspective:

EMploymentPercentLosses Unemployment rate surges to 9.4%

(click to enlarge; graph courtesy of calculatedrisk)

Related posts:

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  2. Unemployment: Where do we stand?
  3. Unemployment: when to bottom?
  4. Unemployment rate reaches 7.2%
  5. Feldstein says unemployment rate will rise above 10%

This entry was posted on Friday, June 5th, 2009 at 11:08 am and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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