Professor Mark J. Perry's Blog for Economics and Finance
One bright spot in today's BLS employment report is found in Table A-9 - the median duration of unemployment fell to a 15-month low of 8.1 weeks in March 2008, the lowest level since December 2006, and matches the third lowest level in more than six years (see graph above). That means that 50% of those unemployed are finding employment within about two months, one of the lowest levels since 2001! 
Dr. Mark J. Perry is a professor of economics and finance in the School of Management at the Flint campus of the University of Michigan. Perry holds two graduate degrees in economics (M.A. and Ph.D.) from George Mason University near Washington, D.C. In addition, he holds an MBA degree in finance from the Curtis L. Carlson School of Management at the University of Minnesota. In addition to a faculty appointment at the University of Michigan-Flint, Perry is also a visiting scholar at The American Enterprise Institute in Washington, D.C.
4 Comments:
Actually, the best news was that hours worked actually increased.
Uh, no, spencer. Hours going up while unemployment is going up is an indication that employers see hard times (and layoffs) coming so, they will not hire more workers now.
All this bad news.. Geez.. Better go tell the guys I'm laying them off... just to be sure.
The bls needs to be renamed just BS.
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