More Bad News: 10 Things You Should Know About The Latest Economic Numbers
The truth is that more bad news for the U.S. economy comes out almost daily now. The following are 10 things that you need to know about the latest econ0mic numbers....
1 - Gallup's measure of unemployment, which is not adjusted for "seasonal factors", showed a sharp increase in September. According to Gallup, unemployment has increased from 8.9% in July to 9.3% in August and to 10.1% in September.
2 - The seasonally-adjusted Alternate Unemployment Rate compiled by Shadow Government Statistics shows that the real unemployment rate in the United States is worse than it has been ever since the economic downturn began. The Alternate Unemployment Rate calculated by SGS reflects estimated "long-term discouraged workers", which the U.S. government stopped keeping track of back in 1994....
3 - The number of Americans working part-time jobs "for economic reasons" is now the highest it has been in at least five decades.
4 - 15.8% of Americans between the ages of 18 and 29 were unemployed during the month of September.
5 - Agricultural commodities continued to move higher on Friday. Wheat, corn and soybeans all saw their prices soar. Unfortunately for American consumers, this is part of a broader trend of rising agricultural commodity prices. As this continues, it is inevitable that we will all be seeing much higher food prices at our local grocery stores.
Link:
http://theeconomiccollapseblog.com/archives/more-bad-news-10-things-you-should-know-about-the-latest-economic-numbers
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