{"id":189869,"date":"2010-02-05T12:54:00","date_gmt":"2010-02-05T17:54:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2010\/02\/05\/the-employment-numbers\/"},"modified":"2010-02-05T12:54:00","modified_gmt":"2010-02-05T17:54:00","slug":"the-employment-numbers","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2010\/02\/05\/the-employment-numbers\/","title":{"rendered":"The Employment Numbers"},"content":{"rendered":"
Click for full size<\/p>\n
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<\/a> H\/t Calculated Risk<\/a><\/p>\n

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Employment Population Ration, h\/t Calculated Risk<\/a><\/p>\n

<\/a>
Part time involuntarily, h\/t Calculated Risk<\/a><\/p>\n

<\/a>
Worst recession since WWII, h\/t Calculated Risk<\/a><\/p>\n

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Temp hiring, which is a leading indicator, is improving, h\/t Calculated Risk<\/a><\/p>\n

<\/a>
Birth\/death model, h\/t Daily Reckoning<\/a><\/span><\/div>\n

Well, the good news is that the unemployment rate fell to 9.7%. The bad news is that non farm payroll fell by 20,000<\/a>, while analysts had forecast an increase<\/span> of 5,000.<\/p>\n

Unemployment falling is therefore entirely the result of people, most notably white women, having stopped looking for work<\/a>, so I would not call it a good thing.<\/p>\n

The fact is that long term unemployment, people who have been unemployed for more than 26 weeks,*<\/sup> has hit 4.1% of the civilian workforce<\/a>, an all time record.<\/p>\n

Barry Ritholtz digs a bit deeper<\/a>, and finds positive data points:<\/p>\n