MSNBC: Real unemployment rate 17.3%

Discussion in 'Politics' started by CaféAuLait, Jan 26, 2010.

  1. CaféAuLait
    Offline

    CaféAuLait This Space for Rent

    Joined:
    Oct 29, 2008
    Messages:
    7,776
    Thanks Received:
    1,947
    Trophy Points:
    245
    Location:
    Pacific Northwest
    Ratings:
    +2,323
    • Thank You! Thank You! x 1
  2. Article 15
    Offline

    Article 15 Dr. House slayer

    Joined:
    Jul 4, 2008
    Messages:
    24,673
    Thanks Received:
    4,832
    Trophy Points:
    183
    Ratings:
    +4,859
    Seems about right.

    I consider myself fortunate to have a job these days.
     
  3. Modbert
    Offline

    Modbert Daydream Believer Supporting Member

    Joined:
    Sep 2, 2008
    Messages:
    33,178
    Thanks Received:
    2,957
    Trophy Points:
    48
    Ratings:
    +2,962
    Yep. At this point we can only hope the worst is over.

    I can only imagine what my state's unemployment rate is with it "officially" being at 12.9%. Probably in the upper teens to lower twenties.
     
  4. gautama
    Offline

    gautama BANNED

    Joined:
    Aug 2, 2009
    Messages:
    4,355
    Thanks Received:
    336
    Trophy Points:
    0
    Ratings:
    +336
    If it's public info, how much does a Super Moderator get at USMB.

    Perhaps the Biker Sailor may want to apply.
     
    • Thank You! Thank You! x 1
  5. Article 15
    Offline

    Article 15 Dr. House slayer

    Joined:
    Jul 4, 2008
    Messages:
    24,673
    Thanks Received:
    4,832
    Trophy Points:
    183
    Ratings:
    +4,859
    I don't get paid to mod.
     
  6. ihopehefails
    Offline

    ihopehefails BANNED

    Joined:
    Oct 3, 2009
    Messages:
    3,384
    Thanks Received:
    228
    Trophy Points:
    0
    Ratings:
    +228
    It is going to get much worse for many reasons. Most businesses are just hanging on in hopes of a recovery but if that does not happen then they will bail which will lead to further unemployment which created less spenders. It will keep going until we reach about 29 percent unemployment.
     
  7. Midnight Marauder
    Offline

    Midnight Marauder BANNED

    Joined:
    Feb 28, 2009
    Messages:
    12,404
    Thanks Received:
    1,876
    Trophy Points:
    0
    Ratings:
    +1,876
    I consider myself fortunate to NOT have one.
     
  8. code1211
    Offline

    code1211 Senior Member

    Joined:
    Apr 8, 2009
    Messages:
    5,999
    Thanks Received:
    845
    Trophy Points:
    48
    Ratings:
    +845

    At this point, if you have a job, grab it with both hands and hang on tight.

    If the Big 0 had done nothing to "stimulate" the economy, we'd be coming out of the recession right about now. As it is, all of the money has all been burrowed and the debt is unbe freakin leivable.

    Nobody can burrow to buy cars. No car sales, no recovery. This well spoken idiot needs a dot com economic resurgence to save him. I wonder how many of those things there are coming down the pike.
     
    • Thank You! Thank You! x 1
  9. LordBrownTrout
    Offline

    LordBrownTrout Gold Member

    Joined:
    Nov 25, 2007
    Messages:
    15,490
    Thanks Received:
    2,962
    Trophy Points:
    280
    Location:
    South Texas
    Ratings:
    +6,352
    Verizon just announced that they're laying off 13,000 workers. Just continues to get worse. I wouldn't be surprised if we were around 20 to 23 percent by the end of the year.
     
  10. pinqy
    Offline

    pinqy Gold Member

    Joined:
    Jun 8, 2009
    Messages:
    5,031
    Thanks Received:
    571
    Trophy Points:
    165
    Location:
    Northern Virginia
    Ratings:
    +1,005
    So explain again how including people with jobs is "real unemployment?" Especially since no one ever in the history of the world has used anything remotely like the U-6 as a "real" measure of unemployment.

    The U-6 is a useful measure, especially during recessions, but calling it "real unemployment" is ridiculous. And including people who theoretically would work, but aren't actually trying, isn't a particularly useful measure of how difficult it is to get a job. The U-6 doesn't just include people who aren't looking because the economy is too bad (that's the U-4), but includes people who aren't looking for work because they're pregnant or just had a baby or decided to go back to school or don't have a car, or are looking after a disabled relative or any number of reasons that have nothing to do with actual labor market conditions.
     

Share This Page