Bankruptcy

Unemployment News,?Not Good.

By mcbride

The unemployment rate rose to 9.7% with about 216,000 more jobs lost during August.  However, the actual rate is even worse when one accounts for those who have given up looking for a position and those who are working part time, but want full time employment.  That rate is 16.8%! ?The tally now stands at 6.9 million jobs lost since the beginning of the recession in December 2007. A broader measure of joblessness rose even more sharply than the headline unemployment rate. An expanded unemployment rate that includes people who have given up looking for a job out of frustration and who are working part time but want a full-time job rose to 16.8 percent, from 16.3 percent.?

Here is a link to one article on this report: http://www.washingtonpost.com/wp-dyn/content/story/2009/09/04/ST2009090401455.html

 Michael

Full post as published by Texas Lawyer Blog on September 04, 2009 (boomark / email).