FUNemployment Even Higher Than Predicted!

In case you missed LAT's great article on funemployment, you must read it first. Being part of the funderemployed, myself, I must say it's not nearly as much fun as LAT would have you believe. Sure, the beach is great, but it takes ga$ to get there and $un$creen and bottle$ of water and...you get the point.



Some of you will remember that Obama pitched the spendulus with a little graphic that projected unemployment figures with and without the bill passing. Well, the numbers were just plain scary without the spendulus. Ace contributor geoff noticed that something was a little off back in April, and now he's updated the numbers for May.


Here's the graphic in case you got confused by the linkfest:

OK, so we can say a couple of things about this: (1) It's worse than the worst-case scenario that Obama's planned for, (2) the spendulus hasn't done anything, which really isn't surprising since most of the spendulus money won't be spent for another couple of years, and (3) it looks to me like the rate of jobless claims is accelerating, not decelerating (as has been claimed elsewhere), though this could be some second derivative thingy or I'm just not looking at the graph right.