The Ugly U.S. Labor Market
Though it’s cousin “fugly” has yet to make an appearance, “ugly” seems to be the operative word for those writing headlines associated with this morning’s labor report:
• Ugly Jobs Report Shows US Payrolls Add 18K, Unemployment 9.2%
• Unemployment Report July 8… UGLY!!!
• June Jobs Report: the Ugly, the Ugly and the Ugly
• Diving Down into the Jobs Report: Ugly, Ugly, Ugly
• US Jobs: How many ways to say ugly?
Even uglier (or so it would seem) is the long-term trend in long-term unemployment as charted by Reuters in this story over at FT Alphaville:
In an informal survey, the phrase “unmitigated disaster” ranked a close second to ugly – for both this morning’s June payrolls and the dismal multi-decade trend shown above.