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    Wednesday, March 04, 2009

     

    Unemployment Picture Yet Worse

    by Dollars and Sense

    It is getting tedious (not to mention scary) to have to keep relaying yet-worse news on employment. But here it is:

    • The ADP National Employment Report, a private alternative to Bureau of Labor Statistics data, came out with their latest report today (the BLS numbers for February come out on Friday). The short version: "Nonfarm private employment decreased 697,000 from January 2009 to February 2009 on a seasonally adjusted basis... The estimated change of employment from December 2008 to January 2009 was revised down by 92,000, from a decline of 522,000 to a decline of 614,000." And I had gotten so used to talking about the economy shedding half a million jobs a month in this recession; that convenient turn of phrase will no longer work, alas. The full report is worth checking out just for the spectacular graphs.

    • The Providence Journal reports that Rhode Island's jobless rate has reached 10.3%. (No need to click on the link; the site is really annoying, with lots of ads, pop-ups, animations, and the cheesy domain name, "projo.com". And the article isn't too informative beyond that landmark statistic. NPR reported yesterday that RI's unemployment rate is second worst after Michigan's, but the Journal didn't even go that deep. I guess no Rhode Islanders have gotten laid of in Michigan yet.)

    • Yesterday we weighed in on a New York Times article about women's paychecks that has generated some criticism in the feminist blogosphere; I posted an article on women and unemployment from our November/December 2008 issue. Not about the current horrifying numbers, but relevant, and refers to Heather Bouchey's interesting research.

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    3/04/2009 10:57:00 AM

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