Friday, December 25, 2009

Decline in Christmas Card Traffic Mirrors Unemployment Rate

How do you write the annual Christmas letter, anyway, when you have to write the following: "Gee, we've been out of work for a year now, we're six months behind on the mortgage, they're coming to get the car on Monday, and we're getting heating assistance and food stamps. But other than that, Merry Christmas to you and a Happy New Year!"?

Considering that the U-6 measure of unemployment is around 17%, a similar percentage drop off in Christmas card traffic just about fits.

“A lot of my friends aren’t sending real cards this year,’’ Willingham said. “I suspect every year it will decline, just like the rest of Western civilization.’’

Go here for more on the story from Boston.com.