Tuesday, April 21, 2009

WSJ Article: The Full Picture: Broader Unemployment Hits 15.6%

For almost six months now I've been telling friends and family, "If you have a job don't lose it...and if you find anything, take it..." Back in January and February, I also told the same people to consider that the economy was still slowing down and that as a result the unemployment rate would continue to rise as the economic hardships of decreased jobs or wages would continue through the rest of the year.

This article came out on April 3rd in the Wall Street Journal:
The Full Picture: Broader Unemployment Hits 15.6% - Real Time Economics - WSJ

The final statement I made during the above period was that the worst of the current economic conditions won't occur untill the end of 2009 as it generally takes time for economic events to complete their overall impact.

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