- Banned
- #41
I'm going to predict it will FALL again. I'm going to say 9.2 or under. I do not think we will break Ronald Reagan's record of 10% unemployment in this recession.
Wishful thinking David S, but it's just a sign that many have given up looking or been dropped off the unemployment count. The real unemployment number in some communities is well over 10%, 14% in the state of Michigan.
Why Did the Unemployment Rate Drop? - Real Time Economics - WSJ
But by the same token, the "real" unemployment number would have been much higher in the Reagan era.
The official figures said 10.4% in Feb of 1983, just like the official figures say 9.7% right now.