Friday, October 2, 2009

Unemployment rate highest in 29 years, headlines?

Jobless Report Is Worse Than Expected; Rate Rises to9.8%
New York Times - JackHealy -

Jobs Cuts Unexpectedly Accelerate
Wall Street Journal - MayaJackson Randall

Unemployment rate rises to 9.8% as employers cut more jobs thanexpected
Los Angeles Times - DonLee

Unemployment Increases Modestly To 9.8%
AtlanticOnline - DanielIndiviglio

Unemployment Continues Stubborn Climb To 9.8Percent
NPR - LauraConaway -

and something from yesterday that still has me scratching my head.

Manufacturing Recovery Continues, Says ISMCircuitsAssembly - MikeBuetow - ‎21 minutes ago‎TEMPE, AZ --
US manufacturing economicactivity slowed but still expanded in September for the second consecutivemonth...

Manufacturing slowed but still expanded?? What?263,000 jobs vanished in a single month. That is an amazing feat for a "recovery".

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