10.2 on the Richter Scale

As you know 10.2 was the unemployment print and the work force shrunk (meaning more people no longer unemployed using the gubmint's definition).

The U-6 was 17.5%.

One in ten is "unemployed" and almost two in ten is un or under employed.

I typically try to avoid PHD level economics jargon but holy schnikies.

These are bad numbers but apparently stocks are ok with it to start. Well, back to breakfast (Starbucks at Broadway and 81st).