Saturday, December 4, 2010

The unemployment numbers - not a good picture

The new update on the unemployment numbers came out this week. Not good news but no surprise there for those on the ground actively looking for work. The number of jobs available is not anywhere able to meet the demand for jobs of those looking. Hence, unemployment has increase again.

Check out Business Insider's charts here

Business Insider also has an interesting slide show depicting the history of the recession from 2005 through Oct 2010 with data from the Federal Reserve system.

The Center for American Progress published the chart above as post of their article calling for immediate attention to job creation.

November’s slowing employment growth numbers released today show that government support is still needed to secure our nation’s increasingly fragile economic recovery and put the now 15.1 million unemployed Americans back to work. As government fiscal support for the economic recovery winds down and unemployment insurance benefits for the long-term unemployed lapse, these new numbers underscore the urgency for Congress not to withdraw fiscal support and to continue providing unemployment benefits to the long-term unemployed to sustain family incomes and secure the recovery. In the near term, policy priorities must focus on job creation, not deficit reduction.
You can read the full article on the Center for American Progress website

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