Annie
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Stimulus working?
The May Unemployment Numbers are Here, and Worse Than Predicted « Innocent Bystanders
The May Unemployment Numbers are Here, and Worse Than Predicted « Innocent Bystanders
The May Unemployment Numbers are Here, and Worse Than Predicted June 5, 2009
Posted by geoff in News.
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While I was waiting for Mays numbers to be released I did a quick Google News search on unemployment. Here is the first set of entries that popped up:
Pittsburgh unemployment rate falls to 6.9 percent Bizjournals.com - Unemployment in the Pittsburgh area inched down in April to 6.9 percent
US Economy: Jobless Claims Fall, Productivity Rises Bloomberg
US jobless claims fall again, productivity rises Reuters
Jobless claims are down, but work remains scarce AP
You get the feeling that theres a little pre-spin effort afoot? I mean, why put up an article on Aprils unemployment on the day that Mays numbers come out? And while jobless claims did fall, interpreting that information without the unemployment rate is very difficult.
In any case, here is the new number for May: 9.4%, which is 0.2% higher than we had shown in the chart from a few days ago:*...