by John Galt November 7, 2009 1. BLS Table A-12 Section U-6 “The Real” Unemployment Number This month the number deteriorated to a level of 17.5% which since the proverbial beginning of the crisis in roughly February 2007 indicates that we have seen an over eight standard deviation from the unemployment/underemployment levels at that time. That is unprecedented and has not been seen since the Great Depression if my calculations are correct. 2. Birth Death Model Adjustments Never discussed in polite circles nor the mainstream…
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