Unemployment in the streets

Unemployment up to 8.5%, highest since 1983, and U-6 unemployment (including discouraged job-seekers and involuntary part-timers) up to 15.6%.

As usual, it’s even worse than it looks.  Those numbers are seasonally adjusted for the fact that unemployment is usually worse in winter months like March.  Cold comfort, so to speak, for the unemployed themselves.  The non-seasonally-adjusted (NSA) numbers are worse:  9.0% for regular (U-3) unemployment, 16.2% for U-6 unemployment.

Today’s title courtesy of that awesome Boston band of the mid-’80s, The Dogmatics:


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