Korean Job Discussion Forums

kengreen · Joined: 19 Jan 2011

Unemployment dropped to 9 percent.

That's good news. However, I'm not sure if I believe the numbers.

caniff · Joined: 03 Feb 2004 Location: All over the map

Spice it up a little. Tell us who or what you think is responsible for this precipitous drop and why.

chellovek · Joined: 29 Feb 2008

Don't stop at spices, man. Add some greens too.....kengreens

....I'll get my coat.

The killer question is what jobs have caused the drop. If they're minimum-wage/part-time jobs, not such good news, alas.

caniff · Joined: 03 Feb 2004 Location: All over the map

It's dropped primarily (so I hear) because so many have given up the hunt.

chellovek · Joined: 29 Feb 2008

Ahhh so people are basically just dropping out of the workforce. Worrying. Man, I wish I was a baby-boomer. Born at the wrong time, I was.

NohopeSeriously · Posted: Sun Feb 06, 2011 4:15 am Post subject:

I wouldn't be too concerned about the unemployment rate. 9% unemployment rate in the USA? I lost all the "recovery" hopes in the Republicans, Democrats, and the Federal Reserve Board.

Then again, I'm Canadian. Confused

mithridates · Posted: Sun Feb 06, 2011 5:18 am Post subject:

AsiaESLbound · Joined: 07 Jan 2010 Location: Truck Stop Missouri

The official unemployment numbers in the US don't count those no longer reporting into a state employment office seeking benefits and assistance finding a job. As you can imagine, millions aren't counted as they are off the government's radar. Some say 25% for a more realistic number, but I'd bet 15% are actually unemployed and 50% of the employed are chronically underemployed such as in part-time retail and service positions. It's not a career job seekers market in the 2000's.