June 2010 Unemployment Numbers: They’re Real and They’re Spectacular! July 2, 2010Posted by geoff in News.
Yes, the June unemployment numbers were released just minutes ago by the BLS, and, as expected/unexpected (depending upon your party affiliation), they are not so good. Sure the unemployment rate went down to 9.5%. But:
650,000 people left the workforce in June.
Here, for completeness’ sake, is The Chart:
Not very representative of what’s going on. Here’s a better way to get a sense of things – take a look at the number of employed people:
You can see that over the past 2 months we’ve started dropping from the April ‘peak.’ Losing 300,000 jobs and losing more than half a million people from the workforce – that’s the real unemployment news.