New Foreclosure Rate: 1.19%

  • This is the first time it has been above 1 percent in the 29 years the survey has been conducted

Homes in foreclosure: 2.75%

  • This is almost triple the rate since the five-year housing boom ended in 2005

General Delinquency: 6.41%

  • An all-time high, from 6.35 percent in the first quarter, on a seasonally adjusted basis, reflecting the share of loans with one or more payments overdue

Unemployment: 6.1%

  • A five-year high of 6.1 percent

Misery Index: 11.7%

  • Now at highest level since 1991, the misery index adds unemployment to inflation
  • Payrolls fell by 84,000 in August, and revisions added another 58,000 to job losses for the prior two months

“We’re losing jobs in all kinds of industries now. This is the clearest recessionary signal we’ve seen.”

—Roger Kubarych, chief U.S. economist at UniCredit Global Research in New York

U.S. Economy: Payrolls Decline, Sending Unemployment to 6.1%
U.S. Mortgage Foreclosures, Delinquencies Reach Highs