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(Roubini)The worst is yet to come: Unemployed Americans should hunker down for more job losses

Think the worst is over? Wrong. Conditions in the U.S. labor markets are awful and worsening. While the official unemployment rate is already 10.2% and another 200,000 jobs were lost in October, when you include discouraged workers and partially employed workers the figure is a whopping 17.5%.

While losing 200,000 jobs per month is better than the 700,000 jobs lost in January, current job losses still average more than the per month rate of 150,000 during the last recession.

Read more: http://www.nydailynews.com/opinions/2009/11/15/2009-11-15_th...



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Think about this

employers pay an unemployment tax. Which in all accounts we pay because the tax is not a hand-out. The tax is actually comes directly from our wages. I've been laid-off for over 8 months now. My boss told me "hopefully" I'll be called back late January 2010.

Here we go again....

Once again, the answer for too much government interference in the market is to demand even more government interference in the market.
These journalists write as if in Americas entire history the government ran everything until recently, when we tried free markets... and that just hasn't worked. So....let's go back to what made us great and let government control it all again.
I agree that the worst is not over, I disagree about the solution.

"You are not what you think you are, but what you think............. you are".
-Earl Nightingale

If you are already unemployed

why worry about losing your job?

There is no worse tyranny than to force a man to pay for what he does not want merely because you think it would be good for him.
-Professor Bernardo de la Paz, The Moon is a Harsh Mistress
Robert A. Heinlein

History does not long entrust the care of freedom to the weak or the timid.
Dwight D. Eisenhower

because getting another job becomes . . .

it's hard to be awake; it's easier to dream--

ever more difficult!

it's hard to be awake; it's easier to dream--

That's what I was thinking.

Who would have ever thought that in a slave plantation system, there would come a time where they can't find a job for all the slaves. Homeland security is hiring big-time for those who aspire to be good slaves.

Is there an age restriction?

I'm already past the 'cut off' for LE jobs (37).

I may not know the truth, but I know when I'm being lied to...

I may not know the truth, but I know when I'm being lied to...

Yeah..didn't make sense to me either....

And by the way, unemployment is over 20% by now if you factor in the disgruntled and severely underemployed.

I may not know the truth, but I know when I'm being lied to...

I may not know the truth, but I know when I'm being lied to...