Unemployment Rate

I would agree the economy inherited by the current administration was trending south. I would also agree that by definition the recession ended in June 2009.

The “experts” tell us the unemployment rate is an indicator that lags behind the economy.

                                                                      Unemployment Rate

June 2009 – the recession ends:                                 9.5

October 2009 – peak unemployment rate:               10.1

March 2011 – improved to:                                      8.8

June 2011 – NOW                                                  9.2


President Obama’s Recent Quote:

"But what matters most to Americans, and what matters to me most as president in the wake of the worst downturn in our lifetimes, is getting our economy on a sounder footing so the American people can have the security they deserve."

If the unemployment rate is a true indicator of the economy but lags behind the economic trend, then the June, 2011 unemployment rate of 9.2% is truly an alarming statistic. We do know the GDP in the first quarter also was again trending south. At 1.9%, our economy in the first quarter was coming to a halt.

To test the experts, the unemployment rate for July should also trend higher. This blog post is intended to presents the facts as I know them and help you plan for the future. We still need to create and do the things we do - differently. There are opportunities and you must seek out small successes to build upon. We will make things better for all of US.

However, what is even more alarming is that our leaders in the White House and Congress continue to play politics and lobby to keep their jobs while the rest of us look for a job, a client, or a project!

“Not to Speak……Is to Speak”