Discussion in 'Politics' started by CaféAuLait, Jan 26, 2010.
MSNBC: Real unemployment rate 17.3%
msnbc.com Video Player
Seems about right.
I consider myself fortunate to have a job these days.
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.
If it's public info, how much does a Super Moderator get at USMB.
Perhaps the Biker Sailor may want to apply.
I don't get paid to mod.
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.
I consider myself fortunate to NOT have one.
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.
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.
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.
Separate names with a comma.