Welcome to the Vitus Capital Blog!
Notes to myself, possibly of interest to others.
-- Bill Northlich

Saturday, July 4, 2009

Green shoots, indeed...

The U-6 unemployment rate, which includes all measures of excess capacity in the jobs market, rose again to a new lifetime high in June to 16.5% from 16.4%. Imagine that 1 in 6 Americans are either unemployed or underemployed, to go along with the 1 in 8 Americans that are either in arrears or already in the foreclosure process and the 1 in 10 homes that are still on the market but not selling. Green shoots, indeed.

---Ibid, 6.2

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