Worse than that…
This now means that the average unemployment rate during the Bush years reached the same threatening level as it was during the Clinton years…
Although it wasn’t such a big deal during the Clinton years:
Data taken from the Misery Index.
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It must be a depression.
America’s North Shore Journal has more on today’s unemployment rate including this:
It is also clear that education matters. The December overall unemployment rate for people without a high school diploma is 10.9%. The diploma reduces the rate to 7.7%. Having some college brings it down to 5.6% and having that 4 year degree lowers it to 3.7%.
More… BG posted this news that is mot making many headlines: “The dollar rose against the euro and posted its biggest weekly gain since October after a U.S. government report showed payrolls shrank last month less than some economists forecast.”