Relax and thank you Barry - Teens impact Unemployment Numbers
Stockmasters Staff (June 6th, 2008) Writes:
Thank you Barry L. Ritholtz at THE BIG PICTURE for putting today's 260+ decline in the DOW in perspective. This morning's data may have made things appear worse. Providing a glimmer of hope that the U-3 unemployment rate isn't as bad as it appears, an unexpected surge in teenagers and 20-25 year olds is responsible for a chunk of the unemployment jump.
More from Barry:
Also possible -- a seasonal adjustment that was expected in June failed to pick up more teens applying for jobs in May
"The government cautioned that the scope of the increase in the unemployment rate in May could be a statistical distortion. Month-to-month changes from April ...
Tags for this Post:
Big Picture, Chunk, Current Market News, Decline, dow, Glimmer Of Hope, perspective, Relax, Ritholtz, Teenagers, Teens, Unemployment Numbers, unemployment rate, Unexpected Surge
Big Picture, Chunk, Current Market News, Decline, dow, Glimmer Of Hope, perspective, Relax, Ritholtz, Teenagers, Teens, Unemployment Numbers, unemployment rate, Unexpected Surge


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