Basically, the unemployment figures that get reported are known as U3, which are simply the number of people who are applying for unemployment insurance. And that’s not a good gauge because a lot of people’s benefits are running out and/or they simply stop looking for work because they’re discouraged.
This entry was posted on Wednesday, July 15th, 2009 and is filed under unemployment. 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.