L O N G Term Unemployment Rate – 11% by 2011? - Andrew Horowitz

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L O N G Term Unemployment Rate – 11% by 2011?
Nov 06, 2009 02:04 PM UTC

Andrew Horowitz

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Via The Disciplined Investor:

The unemployment rate released this morning was quite a shocker. 10.2% was well above estimates of 9.9% that we had been seeing in the most recent economist surveys.
The last time unemployment was this high dates back to 1982. November 1982 in fact when the rate peaked at 10.8%.
Now the problem we will need to look at [...]

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