by Ryan on June 3, 2011

in Economy

Ending a week of unpleasant economic news, America’s unemployment rate is back up to 9.1%, inching up one-tenth of a percent since April.  The U6 rate actually inched down the same amount in May to 15.8%, which can make sense given that the better the job outlook is, the more people will reenter the workforce.  Hence, as the employment situation improves, the regular unemployment numbers should go up in the short-run since more people are looking.

However, there are many aspects of our economic situation which indicate that we’re not on the verge of an upswing.  In fact, one hears words like “depression” and “double-dip” being thrown around more loosely than before.  One hopes that this will be another “Recovery Summer”, but that doesn’t seem realistic.

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