Employment Is Still Very Weak

July 9, 2009 at 9:26 am  ·  Category: Macro Economics, Market Commentary

Unemployment and many other labor measures are at their worst levels in decades.

“Job Market Is Flashing Many Warning Signs” (subscription required), Mark Gongloff, The Wall Street Journal, July 9

jobless-claims

Initial claims for jobless benefits fell to 565,000 for the week ended July 4, The Labor Department reported this morning.  But initial claims are still especially high and almost 7 million are currently receiving unemployment benefits.

Posted by Greg Feirman  ·  Trackback URL  ·  Link
 

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