Thursday, December 15, 2011

Fragile Employment Market

The improvement in the unemployment rate earlier this month was certainly positive on the surface. The rate declined to 8.6% from the previously reported 9%. The improvement though came largely from the 300,000 individuals that simply stopped looking for a job. As a result, these additional people are not counted among the unemployed. As the below chart shows, the number individuals not in the labor continues to rise.

From The Blog of HORAN Capital Advisors

This fragile state of the consumer also shows up in the number of individuals on food stamps.

From The Blog of HORAN Capital Advisors

No comments :