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REAL Unemployment

 
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asmith



Joined: 18 Jun 2009
PostPosted: Sun Aug 02, 2009 11:14 pm    Post subject: REAL Unemployment Reply with quote
Bill Clinton under his term cooked the books on American unemployment. The figures used to include those who had quit looking for work. It included those who wanted full time jobs but settled for part time work.

REAL unemployment now stands at right around 17 percent for Americans. The average work week of an American now stands at 33 hours.

And where will the jobs come from? We shipped our manufactoring base overseas. Are we all going to work for Walmart.

I've never been so afraid. Somebody please hold me.
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Kuros



Joined: 27 Apr 2004
PostPosted: Sun Aug 02, 2009 11:21 pm    Post subject: Re: REAL Unemployment Reply with quote
asmith wrote:

REAL unemployment now stands at right around 17 percent for Americans. The average work week of an American now stands at 33 hours.


I think its customary to provide a link for data like this.
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asmith



Joined: 18 Jun 2009
PostPosted: Sun Aug 02, 2009 11:23 pm    Post subject: Re: REAL Unemployment Reply with quote
Kuros wrote:
asmith wrote:

REAL unemployment now stands at right around 17 percent for Americans. The average work week of an American now stands at 33 hours.


I think its customary to provide a link for data like this.


Google an economist named gerald celente. He heads the trend research institute.

Also google the names peter schiffer and max kaiser. This is truly scary stuff.
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mises



Joined: 05 Nov 2007
Location: retired
PostPosted: Mon Aug 03, 2009 6:22 am    Post subject: Re: REAL Unemployment Reply with quote
Kuros wrote:
asmith wrote:

REAL unemployment now stands at right around 17 percent for Americans. The average work week of an American now stands at 33 hours.


I think its customary to provide a link for data like this.


In the USA, there are several measures of unemployment. They range from "narrow" to "broad". The technical metric the OP is referencing is U6 (broad) and the state uses U3 (more narrow, the "official" metric). U6 stands at 16.5% and includes those who have given up looking for work, those who have had their benefits run out and those who work part time but what to work full time.

http://www.bls.gov/news.release/empsit.t12.htm


Why not keep this stuff in The Depression Thread. No sense in having several threads on the same topic.
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