Unemployment Rates

Unemployment is now at 9.4%. The following charts indicates its considerable growth. One must go back to the Christine Romer projections just 4 months ago, of which we wrote an short article to see that the current Administration assumed it would never get this high.


















We are still anticipating a 10.5% peak. On the other hand it is not as high as the current Administration would have had us believe with their rhetoric. There is a concern that its rate of increase has increased and that may mean we can see this again until the end of the year as we had anticipated. The fall out from the auto fiasco is still in progress and that may very well add quite a few hundreds of thousands in the next month alone.


















The economic stimulus package may very well have the opposite effect as well as the confusion that the pending health care plan may have. The major concern is that we have people like Romer who is not even close in their numbers and it is this planning which will get us into real time trouble.