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Unemployment data paints worrisome picture.

Publication: Indianapolis Business Journal
Publication Date: 09-FEB-09 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
The most recent data on the U.S. economy continues to be worrying, but a little context remains helpful.

Jobless numbers released in the past week tell the story of a deepening recession. Nationally, the rate climbed to a seasonally adjusted 7.2 percent. To place this in perspective, that means that for every 1,000 persons who want to work, 72 do not have a job.

However, only 13 to 15 of these 72 are unemployed because of the recession. The remaining unemployed are part of the normal friction of labor markets (though there's solid evidence that workers are becoming less inclined to leave a job).

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Indiana's jobless picture...

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