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Please contact the server administrator, href="http://offshoreinn.com/wp-includes/wlwmanifest.xml" /> <meta name="generator" content="WordPress 2.6.3" /> <!-- all in one seo pack 1.4.6.15 [307,536] --> <meta name="description" content="One year ago the official unemployment rate was 9.7%. Today it is 9.6%. One year ago U-6 unemployment was 16.8%. Today U-6 is 16.7% click on chart for sharper imageFor more details on the jobs report, please see Jobs Decrease by 54,000, Rise by 60,000 Excluding Census; Unemployment Rises Slightly to 9.6%; A Look Beneath the SurfaceFor all the trillions of dollars in stimulus and additional trillions of dollars in bank bailouts and trillions of dollars of expansion of the Fed's balance sheet, this is all we have to show for it.Moreover, the economy is clearly slowing already by many economic reports including new home sales, existing home sales, the regional Fed manufacturing surveys, sentiment measures, and consumer spending trends. The only major discrepancy is ISM.This week, none of that matters. However, I would like to point out that bear market rallies end, not on bad news, but on good news. It will be interesting to see how much more good news there is, and the market's reaction to it.Mike Mish Shedlockhttp://globaleconomicanalysis.blogspot.comClick Here To Scroll Thru My Recent Post ListMike Mish Shedlock is a registered investment advisor representative for SitkaPacific Capital Management. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction. 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