Saturday, July 04, 2009

Unemployed for 27 Weeks Plus Now 4.3 Million and Growing Fast (Graph)

This chart covers the last five years. Currently 4.3 million versus 1.6 in June,2008. Up 40 percent since January, 2009 (1.7 million). 4.3 million is a new all time high and is up 433,000 in the last month.

1948 to the Present. Currently 4.3 million versus the previous high of 2.8 million, June, 1983.

This does not bode well for those expecting a quick turnaround in the economy. If the trend continues it could cause double dip recession.

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