U-6 unemployment at 17.5%; youth unemployment 27.6%

[BobbyG]

CNN leaks youth unemployment story:
http://money.cnn.com/2009/11/06/news/economy/teen_unemployment/?postversion=2009110615

TAE covers the U-6 unemployment number hitting 17.5%
http://theautomaticearth.blogspot.com/2009/11/november-8-2009-jobs-doom-loop.html

It seems that the reality-gap between "facts on the ground" and the
reassurances coming out of the nation's capital and the nation's
financial capital is becoming truly a chasm.

Lest you're tempted to believe that the rise in the equities markets
(and commodities like gold, oil etc.) is a signal that the economy has
recovered, remember that all this is, according to Nouriel Roubini,
"The Mother of All Carry Trades" and is headed for its inevitable
bust:

http://www.youtube.com/watch?v=xIEoa3F5o0M

don't forget to get your daily harsh reality check!

bobby g.