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Direxion Daily Financial Bear 3X ETF Message Board

  • icahnian icahnian May 31, 2009 9:28 PM Flag

    Unemployment this Friday

    Numbers will suck but the MSM is already spinning...

    from Fox - UE jumps to 18% YIPPEE

    In some instances, as counter-intuitive as it might sound, an increase in the unemployment rate can be a good sign. Consider, for example, a working age population of 11 people, nine of whom are working, one of whom is unemployed (meeting the definition) and one of whom is neither. The unemployment rate would be 10%: one unemployed divided by the sum of those employed and unemployed, 10. Now assume the economy starts to improve. The individual on the sidelines is encouraged at the possibility of getting a job and starts to look, meeting the definition of “unemployed.” Now, the labor force totals eleven: nine employed and two unemployed producing an unemployment rate of 18%: a higher unemployment rate even as the economy improves.

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