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Loan Modification

: Mortgage Lender Implode-o-Meter

Drowning by numbers

By Implode-Explode Heavy Industries

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The reason why unemployment, as per the Household survey, stayed at 10% and "only" 85,000 jobs are reported MIA in the Payroll survey can be found in the labor force numbers. From November to December 2009, the "persons not in the labor force" category went up by 843,000 (over 1 million when not seasonally adjusted), and now stands at 83,865,000. The vast majority of those singing off, i.e. not actively looking for work, are people who can't see any jobs anywhere in their environment. The worse the economy gets, the fewer people are counted as unemployed. It?s a lovely invention, but it's also am awfully perverted one.

Full post as published by Mortgage Lender Implode-o-Meter on January 09, 2010 (boomark / email).

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Cressi Scuba Regulators Recalled Due to Risk of Drowning
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