The economy is bound to recover eventually. People forget, that's what free enterprise does...
The reason we have two numbers that get posted and talked about unemployment is that the Federal government changed the calculations in the 1990s sometime. The new calculation counts the number of people collecting unemployment - that is all. So when your unemployment benefits run out you are no longer 'unemployed' - you vanish from the work pool totally. Since this is a farce, many economists also track the old way which reports higher numbers by tracking those still unemployed and keeping track of the new hires and new unemployment filings. The latest figures are 10% unemployment by the current standards but the total number of jobs fell by 102,000 and the old figure is around 18.6% now - expected to hit 20% by March by many of the experts.
Then there is the 'real' unemployment figure that adds the 'underemployed' into the unemployed figures. Underemployed people are part-timers who want to be full-time but are working just to get some money coming in or people who are over-qualified for their current jobs because, well you get some money coming in. The last figures I recall for the 'real' unemployment is about 22% currently.
Note that the only solid number is the current method of tracking the number of people collecting unemployment payments. The other two numbers include a lot of 'fudge' factors and are much harder to calculate and prove. Too subjective and liable to be used for political purposes.
Check this out....
There is no such thing as a “Natural Born Dual-Citizen“.
Originally Posted by PogueMoran
I didnt have to read the article to tell you that you cant read.
"I do not underestimate the ability of fanatical groups of terrorists to kill and destroy, but they do not threaten the life of the nation. Whether we would survive Hitler hung in the balance, but there is no doubt that we shall survive al-Qa'ida." -- Lord Hoffmann