Snow? Oh, No. It’s Still the Economy
by Tula Connell
Here are a few tidbits worth noting from around the nation’s economic scene.
Bob Herbert at the New York Times puts the sorry U.S. unemployment rate in clearer–and more painful–perspective today, pointing out how the workers losing jobs are those who had almost no income to begin with.
The highest group, with household incomes of $150,000 or more, had an unemployment rate during that quarter of 3.2 percent. The next highest, with incomes of $100,000 to 149,999, had an unemployment rate of 4 percent.
Contrast those figures with the unemployment rate of the lowest group, which had annual household incomes of $12,499 or less. The unemployment rate of that group during the fourth quarter of last year was a staggering 30.8 percent. That’s more than five points higher than the overall jobless rate at the height of the Depression.
Posted:
February 9th, 2010 |
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