The Extended Unemployment Rate

The Bureau of Labor Statistics has put out their numbers for October and the unemployment rate rose to 6.5% and non-farm employment fell by 240,000.  The job losses occurred across all industries other than healthcare, which rose by 26,000 for the month.  Not surprising, the Healthcare industry has grown in employment by almost 350,000 in the past year alone.  Manufacturing took the biggest fall with over 90,000 losses (27,000 of them are the results of strikes in the aerospace sector) with construction employment second, falling by 49,000. But reading a post from Liz Wolgemuth over at US News & World Report provided some interesting facts that I had not seen before.  The extension… Read More

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