Bad news

During October unemployment fell slightly to about 9.6% this was mostly due to retailers ramping up for Christmas. Novembers unemployment numbers are out and it rose to 9.8%. An article in the Cleveland Plain Dealer pointed out a major reason to be concerned long term. According to Alan Parkhill of Banner American products productivity is up and it's making companies realize that the integral employee that was laid off during the recession was dead weight all along. If this is true and even half of the people that were laid off were truly dead weight then the prospect of years of high unemployment are the new reality. Bad news indeed.