![\"\"](\"http:\/\/timiacono.com\/wp-content\/uploads\/2019\/06\/11-07-08_long-term_joblessness.png\")
<\/p>\nThough it\u2019s cousin \u201cfugly\u201d has yet to make an appearance, \u201cugly\u201d seems to be the operative word for those writing headlines associated with this morning\u2019s labor report:<\/p>\n
\u2022\u00a0Ugly Jobs Report Shows US Payrolls Add 18K, Unemployment 9.2%
\n\u2022\u00a0Unemployment Report July 8\u2026 UGLY!!!
\n\u2022\u00a0June Jobs Report: the Ugly, the Ugly and the Ugly
\n\u2022\u00a0Diving Down into the Jobs Report: Ugly, Ugly, Ugly
\n\u2022\u00a0US Jobs: How many ways to say ugly?<\/p>\n
Even uglier (or so it would seem) is the long-term trend in long-term unemployment as charted by Reuters in this\u00a0story\u00a0over at FT Alphaville:<\/p>\n
<\/p>\n
In an informal survey, the phrase \u201cunmitigated disaster\u201d ranked a close second to ugly \u2013 for both this morning\u2019s June payrolls and the dismal multi-decade trend shown above.<\/p>\n","protected":false},"excerpt":{"rendered":"