Unemployment Rate Rises to 9.6%. That is the official figure from the BLS. But the really telling number is for under-employment. That is buried down in line U-6 in Table A-15. Alternative measures of labor underutilization. And again, that is the official figure. A 2004 article suggested that the real world numbers are probably substantially higher. (Somehow I doubt that this under-reporting has been rectified.)
Sue C. sent us this: Bernanke: Shut down banks if they threaten system120 Days to Go Until the Largest Tax Hikes in History.
Items from The Economatrix:
Global Collapse of the Fiat Money System: Too-Big-To-Fail Global Banks Will Collapse Between Now and First Quarter 2011
Complete List of Bank Failures
Where The Banks are Failing
Investors Bracing for Dreaded "September Effect"
