Unemployment rate drops to 8.8%, Obama guaranteed for 2nd term?

Discussion in 'Economics' started by Grandluxe, Apr 1, 2011.

  1. Millionaire

    Millionaire

    Its about 22 percent according to shadow stats:

    [​IMG]


    Alternate Unemployment Charts

    The seasonally-adjusted SGS Alternate Unemployment Rate (Blue line) reflects current unemployment reporting methodology adjusted for SGS-estimated long-term discouraged workers, who were defined out of official existence in 1994. That estimate is added to the BLS estimate of U-6 unemployment, which includes short-term discouraged workers.

    The U-3 unemployment rate is the monthly headline number. The U-6 unemployment rate is the Bureau of Labor Statistics’ (BLS) broadest unemployment measure, including short-term discouraged and other marginally-attached workers as well as those forced to work part-time because they cannot find full-time employment.


    http://www.shadowstats.com/alternate_data/unemployment-charts
     
    #41     Apr 1, 2011
  2. 3 years? Unless you are talking Mercury years you might cause the 99ers to flood the labor office looking for another year on the gravy train.

    Rennick Reich out:cool:
     
    #42     Apr 1, 2011
  3. bone

    bone

    Headline from today's WSJ:

    "We've Become a Nation of Takers, Not Makers "

    "More Americans work for the government than in manufacturing, farming, fishing, forestry, mining and utilities combined."
     
    #43     Apr 1, 2011
  4. I firmly believe that it's in the ballpark of 20%. But take it one step further...How many of the employed are "traditionally" employed vs 100% commission or a modest base but essentially living off of commissions. Basically, within the 80% employed, what percentage of those actually have jobs which can support a household?

    It's really no wonder at all why the public sector has grown so rapidly in the past decade. We simply never recovered from the peak employment of 99-00.
     
    #44     Apr 2, 2011
  5. Obama will easily win a second term, but that has nothing to do with the unemployment numbers, and everything to do with a complete joke of a line up for republican presidential candidates. Once again we will choose between dumb and dumber, and the republicans have taken dumb to a whole new level of stupidity and incompetence.
     
    #45     Apr 2, 2011
  6. captain obvious: +1

    But the repubs may still win because the voters are gettig dumber and dumber.
     
    #46     Apr 2, 2011