In January, the unemployment rate was 8.5%. Of course, that number itself is debated as people who are no longer collecting unemployment benefits and have given up are no longer counted. Nor are underemployed who work part time or beneath their skills. I’d like to offer here another beautiful New York Times graphic which shows us the disparity depending on the part of the country in which you live.
Click on the image above and you have the choices to zero in on different areas to see the exact data. It’s shocking to see the areas hardest hit, counties with rates pushing 20%. On the other hand, today’s jobless claims data indicated a June bottom in the recession. I’m a skeptic until I see confirming data.