Tuesday, November 24, 2009

Will the Real Jobless Rate Please Stand Up!

There is something a little “Slim Shady” about the official US jobless rate of 10.2%.

Jeff Cox at CNBC.com has an article posted that is worth reading.

According to the government's broadest measure of unemployment, some 17.5 percent are either without a job entirely or underemployed. The so-called U-6 number is at the highest rate since becoming an official labor statistic in 1994.

The number dwarfs the statistic most people pay attention to—the U-3 rate—which most recently showed unemployment at 10.2 percent for October, the highest it has been since June 1983.

Pray for recovery, prepare for depression.

No comments:

Post a Comment

By submitting your comments, you agree that you alone are responsible for their content. I reserve the right to remove comments I deem offensive or inappropriate, at my discretion.

Threatening, abusive and illegal comments may be reported to the proper authorities. Don't be stupid. If the CIA, FBI or the Secret Service knocks on my door and asks questions about you, I will rat you out in seconds. (Sooner if I call them about you.)

Comments made below will be subject to public viewing.

Comments are subject to moderation.

It is an unfortunate fact of life that there are people out there in the wilds of the Internet that think it cute to post racist and Nazi garbage on other peoples websites. Some of these thugs are even enabled by people who should know better. In my opinion, both the thugs and their enablers are worse than spammers.

I have recently made enemies with a particular group of these people who have done just that on another website. I don't intend to make it easy for them to do that to me.

In light of that, comment moderation will be used here on this humble and very obscure little blog.

I will check in several times each day to approve appropriate comments.


For the most part, I will allow just about any type of comment except for spam and Kilgorian excrement.