According to ZeroHedge, this report has to be read by all to fathom the reality of what is going on out there. "One who should not read it is Phil Orlando, who earlier over on CNBC made the 9.7% unemployment number seem like the desperately good thing that Federated Investors has been looking for all these years. Also, Phil apparently missed that those shifting out of U-6 to fill U-1 are, shockingly, increasing on a net basis, which kinda kills his uber-simplistic green shoot argument, but the 'argument' being made on CNBC, we will let it slide."
Lunch With Dave 090409
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