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Thread: 9.7% "Jobless rate". Highest in 26 Years.

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    Re: 9.7% "Jobless rate". Highest in 26 Years.

    Quote Originally Posted by Redress View Post
    I find that hard to believe. It's not impossible, but a 5 year recession would be incredibly unlikely.
    I don't think they meant a 5-yr recession, but rather another jobless recovery. A few of the last recessions were featured jobless recoveries.

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    Re: 9.7% "Jobless rate". Highest in 26 Years.

    Quote Originally Posted by jackalope View Post
    I didn't make it up, it was an AP story. I hope they're wrong.

    Job market unlikely to recover until 2014 - Stocks & economy- msnbc.com
    From reading that, it is a guess as to when unemployment drops to 5 %. That is more likely to be accurate, though I am not sure even that is right. I would guess that unemployment will drop to around 7 % next year, and then slowly head towards 5 %.

    The numbers from your link that amazed me:

    10.1 percent: The unemployment rate for men over age 20.

    7.6 percent: The unemployment rate for women over age 20.
    I found that highly unexpected.

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    Re: 9.7% "Jobless rate". Highest in 26 Years.

    Quote Originally Posted by Redress View Post
    From reading that, it is a guess as to when unemployment drops to 5 %. That is more likely to be accurate, though I am not sure even that is right. I would guess that unemployment will drop to around 7 % next year, and then slowly head towards 5 %.

    The numbers from your link that amazed me:



    I found that highly unexpected.
    Reality tends to distort Liberal views... Learn to accept it It'll be part of your "Chosen Role" in Life.

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    Last edited by Realist1; 09-04-09 at 08:03 PM.

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    Re: 9.7% "Jobless rate". Highest in 26 Years.

    Quote Originally Posted by EgoffTib View Post
    Yes, it's all Obama's fault. I clearly remember the economy being in perfect shape when Obama became PotUS.
    Yes. He wont actually become responsible for his office until after he leaves.
    Thank you

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    Re: 9.7% "Jobless rate". Highest in 26 Years.

    Quote Originally Posted by Redress View Post
    From reading that, it is a guess as to when unemployment drops to 5 %. That is more likely to be accurate, though I am not sure even that is right. I would guess that unemployment will drop to around 7 % next year, and then slowly head towards 5 %.

    The numbers from your link that amazed me:

    10.1 percent: The unemployment rate for men over age 20.

    7.6 percent: The unemployment rate for women over age 20.

    I found that highly unexpected.

    Yea, the recession's been much harder on men than women, apparently. It is unusual.

    Also agree on the article being about returning to around 5% level. The title does make it sound worse than it is. Then again, it's just a projection, too. Hopefully it's overly pessimistic.

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    Re: 9.7% "Jobless rate". Highest in 26 Years.

    Quote Originally Posted by jackalope View Post
    perfect answer! LOL ~

    B.O is,, in "Charge". Enjoy.

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    Re: 9.7% "Jobless rate". Highest in 26 Years.

    Quote Originally Posted by Redress View Post
    From reading that, it is a guess as to when unemployment drops to 5 %. That is more likely to be accurate, though I am not sure even that is right. I would guess that unemployment will drop to around 7 % next year, and then slowly head towards 5 %.
    ....
    Just a personal belief or do you have some basis for that rosie scenerio.

    The folks that advise us, and they have a very good track record, are saying there is a good chance the US unemployment rate will be double digit throughout 2010.


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    Re: 9.7% "Jobless rate". Highest in 26 Years.

    Quote Originally Posted by TOJ View Post
    Just a personal belief or do you have some basis for that rosie scenerio.

    The folks that advise us, and they have a very good track record, are saying there is a good chance the US unemployment rate will be double digit throughout 2010.


    .
    1. That scenario isn't rosie at all. In fact, it's relatively bleak when compared to past recessions.

    2. @ the bolded part.

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    Re: 9.7% "Jobless rate". Highest in 26 Years.

    Quote Originally Posted by TOJ View Post
    Just a personal belief or do you have some basis for that rosie scenerio.

    The folks that advise us, and they have a very good track record, are saying there is a good chance the US unemployment rate will be double digit throughout 2010.


    .
    Educated guess based on the recovery from other recessions. I am far from an expert, and am not going to claim to be one though, so take my guess for what it is worth.

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    Re: 9.7% "Jobless rate". Highest in 26 Years.

    Quote Originally Posted by Redress View Post
    Educated guess based on the recovery from other recessions. I am far from an expert, and am not going to claim to be one though, so take my guess for what it is worth.
    We are hearing this is not going to be typical, but more likely to be a 'W'.


    .

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