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HomeUnemployment Report: April 2, 2010
Posted by Larry Doyle on April 2nd, 2010 8:56 AM |
The widely anticipated April Unemployment Report covering the month of March was just released. Let’s dive right in and take a look at the numbers . . .
I. UNEMPLOYMENT RATE
December: 10%
January: 10%
February: 10.1%
March: 9.7%
– April Consensus Expectation: 9.7 %
– April Actual: 9.7%
>> LD’s comments: as expected. More people who had given up looking for work have now reentered the labor force. This trend will keep pressure on the rate. The U-6, that is the underemployment rate inched higher to 16.9% from last month’s 16.8%. What about the long term unemployed? (more…)
