Friday, October 08, 2010

"Recovery"? Still Looking for One

There's a big difference between the US Gov's unemployment numbers and those of ADP, as AOSHQ's Geoff shows in its post (from which I lifted the above graph.)

But that's not as significant as the graph, which is the "broad" unemployment measure (U-6) Over 940,000 people have been added to the 'involuntary part-time' category in the last couple of months.

THAT impacts demand, which impacts corporate spending.

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