Unemployment, as measured by Gallup without seasonal adjustment, increased to 10.1% in September — up sharply from 9.3% in August and 8.9% in July. Much of this increase came during the second half of the month — the unemployment rate was 9.4% in mid-September — and therefore is unlikely to be picked up in the government’s unemployment report… [due out later this morning].
Yep, the Recession is over. Definitely. Without a doubt.
Remember, this figure doesn’t include the unemployed who were not able to find work during their unemployment benefits period. Spreading a TARP over this won’t work any better than the last wasteful legislation did.