Jobless Recovery

icon gravatar.comwww.nytimes.com/2009/11/08/opinion/08sun1.html?th&emc=th
sent by Fiore since 12 days 22 hours 10 minutes, published about 12 days 17 hours 16 minutes
Unemployment surged from 9.8 percent in September to 10.2 percent last month, its highest level since 1983. At the same time, the economy lost 190,000 more jobs. That means employers have eliminated 7.3 million positions since the recession began in December 2007. As dreadful as they are, the headline numbers understate the severity of the problem. They also obscure an even grimmer fact: Unless there is more government support, it will take several years of robust economic growth — by no means a sure thing — to recoup the jobs that have been lost. The unemployment rate includes only jobless people who have looked for work in the past four weeks. [T]he numbers paint this stark picture: At no time in post-World War II America has it been more difficult to find a job, to plan for the future, or — for tens of millions of Americans — to merely get by.
tags: economy, unemployment
4 commentscategory: Business and Economy karma: 166

comments

  1. #1    > "Jobless Recovery" is Orwellian psycho-Talk
    > Using the U3 is a blatant lie.

    U-3 Total unemployed, as a percent of the civilian labor force (official unemployment rate)
    This is the number of people receiving unemployment checks. They have no other way to track. Once you stop receiving checks, you are not included in the U3 - see U6

    U-6 Total unemployed, plus all marginally attached workers, plus total employed part time for
    economic reasons, as a percent of the civilian labor force plus all marginally attached workers
    This number is closer to the truth. In October this was 17.5%

    http://www.onepennysheet.com./cat-test/unemployment/

    But John Williams is probably even closer to reality at 22% for October
    http://www.shadowstats.com/alternate_data
    written by PHred42 since 12 days 22 hours 1 minutePHred42
  2. #2    I think the author of the article would agree with you.
    written by Fiore since 12 days 21 hours 48 minutesFiore
  3. #3    ""Jobless Recovery" is Orwellian psycho-Talk"

    That's the truth. The "recovery" is some nice stock market slight-of-hand.
    written by protect_democracy since 12 days 21 hours 35 minutesprotect_democracy
  4. #4    ...And that stock-market flim-flam "slight-of-hand" has the full support & approval of one Barack Obama, ostensible and nominal "leader" of the "Democratic" Party,
    ....although it is obvious to anyone with two working brain cells, that Mr. obama has ABDICATED his leadership position to those very market scammers, con-men, and sleigh-of-hand fraudsters.
    written by veracity since 12 days 13 hours 17 minutesveracity
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