True Unemployment Figure Reveals Recession Far From Over
In the February 19, 2010 article " True Unemployment Figure Reveals Recession Far From Over ," Simon Maierhofer reports one of the lesser-used measures of labor market activity suggests conditions are worse that the more popular metrics suggest. Surprising as it is, for nearly a year, investors have shrugged off mounting jobless claims and rising unemployment as an ingredient that is not really required for an economic recovery. They have begun to believe in a non-existent phenomenon; a 'jobless recovery.' The Dow Jones, S&P 500, and Nasdaq after losing about 3% each, are now in a state of flux marking the first time in months that concerns over unemployment were raising suspicions. Does that mean that the trend of the 'new bull market' in stocks has changed? Or are we in for further declines? The real numbers Today's headline reports reveal that the unemployment numbers, surprisingly, seem to be improving. In reality, unemployment spiked to an all-tim...