Zibb

Rick Nelson, editor in chief of Test & Measurement World and EDN, comments on test, globalization, measurement, machine vision, economics, nanotechnology, the engineering profession, and topics of general interest.



   Advertisement

Profile

RSS Feed

  • Add this blog to your RSS newsreader!

Recent Posts

Recent Comments

Most Commented On

Archives

By Category

Test & Measurement Articles

Blog

Friday, September 4, 2009

Bad news and worse news for Labor Day

Sep 4 2009 12:24PM | Permalink |Comments (0) |


Real bad news in advance of the US Labor Day weekend: "Jobless Rate Soars to 9.7%" (although employers cut jobs in August at their slowest pace in a year). Worse news: "Actual Unemployment Rate Hits All-Time High of 16.8%." The official rate counts people who are unemployed and who have looked for work within the previous four weeks; the unofficial rate includes unemployed or underemployed people who have given up on seeking employment. The official rate is designed to make politicians look better than, or at least not as bad as, they otherwise would. The unofficial rate provides a more accurate picture of the condition of the economy. Let's hope things start looking up in September. One piece of good news today is that SEMI reports that it expects 64% year-over-year growth in fab spending in 2010.
Follow me on Twitter: www.twitter.com/Rick_editor


Post a comment



Display Name

Change Image
Before submitting this form, please type the characters displayed above.
Note the letters are NOT case sensitive.


ADVERTISEMENT

©1997-2009 Reed Business Information, a division of Reed Elsevier Inc. All rights reserved.
Use of this Web site is subject to its Terms of Use | Privacy Policy

Please visit these other Reed Business sites