Huge Jump in Unemployment

The government reported today that the unemployment rate jumped from 5.0% to 5.5%. Many news outlets are saying that this was the largest increase in 22 years. I broke down the data into a few more decimal places, and it’s actually the largest increase in 28 years. Nonfarm payrolls declined by 49,000.

Posted by Eddy Elfenbein on June 6th, 2008 at 9:56 am

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