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Chance of Jobless Recovery Can't Be Ignored

By Vincent Farrell Jr.

 About this article:
 Last Friday's jobs number is not a secret and has been overanalyzed to death. But let me sum it up to start the new week: The 10.2% rate of unemployment was definitely an "ouch," especially since it was due solely to more people losing their jobs and not to a change in the numbers of job seekers. The U6 rate of jobless, which includes those who want full-time work and those discouraged workers who have stopped looking, hit an all-time record of 17.5%. The length of the work week did not change and is still at its all-time low of 33 hours. On the other hand, the prior two months' numbers were revised to the good by 91,000 jobs. Temporary employment swung to the positive by 34,000 and the last two months were revised a bit so we now have three months in a row of...

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