After last week's report that jobless claims rose again, Calculated Risk shared this look at the trend-lines for unemployment:
And Calculated Risk gave five reasons unemployment will go up through the rest of the year. The first reason: "There is a general relationship between GDP and the unemployment rate (see Okun's Law),
and since I expect a 2nd half slowdown (from a sluggish 1st half), I
also expect few payroll jobs to be added in the 2nd half - and that
suggests the unemployment rate will rise."
Read the full post here.
Posted
08-16-2010 9:16 AM
by
Graham Griffith