Unemployment Rate Flowchart

Bureau of Labor Statistics reported yesterday that the unemployment rate jumped to 9.4%, a 25-year high.  I wanted to update and revisit a chart that mint.com put out in January 2009 that shows how these numbers come about and how they could be perceived as a little shady.   Whats more interesting is how the Bureau does not report the unemployment rate following the same formula as was used way back during the Great Depression… and how using todays numbers in that formula is getting pretty dang close to Great Depression levels.   Click Read Full Post below to see the flowchart and more...

But don’t worry the Non Farm Payrolls came in better than expected, which could be a sign of a change in tide.  Also the stock market has been in full rally mode.