Home -> Law Blog Directory -> Loan Modification Blogs -> Mortgage Lender Implode-o-Meter

Loan Modification

: Mortgage Lender Implode-o-Meter

Unemployment rate dips to 8.9%, the lowest in nearly two years, 192,000 jobs created last month

By Implode-Explode Heavy Industries

This is total nonsense; virtually all the benefit in the unemployment rate comes from "seasonal adjustment"; unadjusted is 9.5%. U-6 (including under-employment) not-seasonally adjusted is 16.7%. Yes, all measures of "unemployment" are lower than a year ago, even not seasonally adjusted, but since then the BLS has revised nearly 3 million people out of the labor force. See it yourself here.

Full post as published by Mortgage Lender Implode-o-Meter on March 04, 2011 (boomark / email).