Home -> Law Blog Directory -> Labor & Employment Law Blogs -> AFL-CIO NOW BLOG

Labor & Employment Law

: AFL-CIO NOW BLOG

Snow? Oh, No. It?s Still the Economy

By Tula Connell

Here are a few tidbits worth noting from around the nation's economic scene. Bob Herbert at the New York Times puts the sorry U.S. unemployment rate in clearer--and more painful--perspective today, pointing out how the workers losing jobs are those who had almost no income to begin with. The highest group, with household incomes of $150,000 or more, had an unemployment rate during that quarter of 3.2 percent. The next highest, with incomes of $100,000 to 149,999, had an unemployment rate of 4 percent. Contrast those figures with the unemployment rate of the lowest group, which had annual household incomes of $12,499 or less. The unemployment rate of that group during the fourth quarter of last year was a staggering 30.8 percent. That?s more than five points higher than the overall jobless rate at the height of the Depression.

Full post as published by AFL-CIO NOW BLOG on February 09, 2010 (boomark / email).