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True unemployment rate already at 20%

Submitted by GiveMeLiberty on Wed, 07/08/2009 - 17:42
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True unemployment rate already at 20%
Posted Jul 06 2009, 01:16 PM by Anthony Mirhaydari

Really, how hard is it to find a job? Was June's horrid numbers, in which 467,000 people lost their jobs compared to 345,000 in May, a one-time fluke? Or does it mean that all those Wall Street economists who believe the economic recovery is starting are dead wrong?

Not to scare you, but the situation is actually worse than it seems. Over the years, the government has changed the way it counts the unemployed. An example of this is the criticized Birth-Death Model which was added in 2000. The model is designed to account for the birth and death of businesses and the resultant lag in survey data. Unfortunately, the model doesn't work that well during economic contractions (like we have now) and consistently overstates the number of jobs being created each month.

http://blogs.moneycentral.msn.com/topstocks/archive/2009/07/...

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me three...

Submitted by RonzdaMan on Wed, 07/08/2009 - 18:04.

we must break this thing into a million tiny pieces and start over again. A patch job is no longer possible. Right now, the largest voting block is the baby boomers that are retired or soon to retire. The boomers mostly have pensions, homes paid for, money in the bank and are generally satisfied as long as they are free enough to sit on their fat asses, stuff their faces, and watch Fox news 24/7. The boomers think they are going to escape the pain. They will not...unless they achieve room temperature in the next year or two. When the boomers lose their pensions, and they start feeling the pain...they will wake up, by which time it is too late. Waste no time on these folks. Focus on young people...they are the ones that will put a stop to the Fascist global agenda because they want a better future. Additionally, I find very few people under 25 they even watch MSM propoganda. The young people are ready for "good change" ...many were fooled by Obama...lets work on these people..they are our best hope....our only hope.

I am a debt slave and I approve of this message.

As for me

Submitted by dducks on Wed, 07/08/2009 - 18:00.

I have been looking for over a year. There is absolutely nothing in my field.

I am even willing to work for half of what I would have taken a year ago.

I may have to take a 7-11 job soon.

You know what,

Submitted by SirFelix on Wed, 07/08/2009 - 17:51.

I find myself praying for the total collapse of our economy so that the sheeple will wake up, and truly see what is going on.

I believe that, only then will Revolution be possible.

And 20% sounds about right to me.

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I am with you

Submitted by GiveMeLiberty on Wed, 07/08/2009 - 17:53.

I feel exactly the same way.