Jobless rate tops 10 pct. for first time since '83

[hope4dopes]

I think many have underestimated this recession.

I think many have overestimated Obama's intelligence.

[hope4dopes]

Nah, McCain ed up initially with the statement, then finished himself off with his non-campaign-suspension campaign suspension.

prove it provide links .

[Winehole23]

Unemployment is terrible right now and many HR types think we are in for a really nasty next two quarters. If we wind up over 20% U6 I don't know how we'll ever rebound with every fifth person underemployed.

If we wind up over 20% we'll be approaching the Great Depression scale of unemployment. Political pressure to keep U-6 under 20% isn't unthinkable.

[ChumpDumper]

prove it provide links .

It's my opinion, micca. If you would like to meltdown over my opinion, have at it. Wouldn't be the first time.

[j-6]

If we wind up over 20% we'll be approaching the Great Depression scale of unemployment. Political pressure to keep U-6 under 20% isn't unthinkable.

From what I've gathered, if U6 gets over 20% (which most of us were anticipating) it'll get spun into how many part time working adults are choosing to return to school, to spend additional time with their children, or volunteering in their communities. It's kind of bull - a lot of these PT jobs are being filled by overqualified candidates and leaving the types that would usually fill them on the sideline with far fewer options to choose from, and of course there's the Millennial mindset of waiting infinitely for their ''perfect job'' rather than finding something that generates income.

For instance, I know a meteorologist that's been unemployed in her field for over a year. She's working a few shifts a week tending bar at Olive Garden while she pursues an MBA in business. She wouldn't be considered as a U6 casualty by government standards.

[Wild Cobra]

From what I've gathered, if U6 gets over 20% (which most of us were anticipating) it'll get spun into how many part time working adults are choosing to return to school, to spend additional time with their children, or volunteering in their communities. It's kind of bull - a lot of these PT jobs are being filled by overqualified candidates and leaving the types that would usually fill them on the sideline with far fewer options to choose from, and of course there's the Millennial mindset of waiting infinitely for their ''perfect job'' rather than finding something that generates income.

For instance, I know a meteorologist that's been unemployed in her field for over a year. She's working a few shifts a week tending bar at Olive Garden while she pursues an MBA in business. She wouldn't be considered as a U6 casualty by government standards.

Yes, you are correct about the over qualified part. I am way overqualified for my present job, but even when the economy corrects itself, I will probably stay right here. I can make at least 50% more than I do now, but I like the job security I have now. It's not worth trading for that extra money. Even before getting this job, I delivered pizza's for Domino's. I even did that as a second job after getting this one till I caught up on my finances. A man does what he must, and works two jobs when necessary.

Did your froiend lose her meterologist gig because she didn't believe in antropogenic global warming by chance?

[symple19]

Dude, we're sooooo out of the recession...Like, fer real

Here in California it's only 7 jobless for every 1 new job bro.

Recovery, here we come!!

Yay

[2centsworth]

It's my opinion, micca. If you would like to meltdown over my opinion, have at it. Wouldn't be the first time.

it's the trolling

[nuclearfm]

This data is a good sign. It should be more like 30% in my opinion. Most Americans are stupid and undeserving, including many people on this board (which I really don't miss). WC is talking about having a job yet stumbling over with idiocy on the majority of his posts. It's pathetic that so many people feel en lement to a job. We have room to work for more losses.

[symple19]

This data is a good sign. It should be more like 30% in my opinion. Most Americans are stupid and undeserving, including many people on this board (which I really don't miss). WC is talking about having a job yet stumbling over with idiocy on the majority of his posts. It's pathetic that so many people feel en lement to a job. We have room to work for more losses.

how's that new gig going nuclear? Did they let you out of the bunker? lol

[Spursmania]

10%

[SnakeBoy]

This board is evidence to the contrary. People on both sides deliberately lie to maintain a consistent ideology. That's the only thing that is important.

Pot ing about the kettle.

[SnakeBoy]

I think many have underestimated this recession.

Finally starting to see the light Chump? Do I get to accuse you of "hoping things get worse" like you were doing to those of us who said things were going to get much worse back at the beginning of the year?

[SnakeBoy]

Nearly 16 million people can't find jobs even though the worst recession since the Great Depression has apparently ended.

Wishful thinking IMO. I think sometime in 2010 we'll get back to talking about the economic crisis instead of the supposed recovery.

[greyforest]

Jobless rate tops 10 pct. for first time since '83

except this is meaningless since they changed the definition of unemployed people between then and now

http://en.wikipedia.org/wiki/Current..._CPS_Revisions

[ChumpDumper]

Finally starting to see the light Chump?

My position regarding the severity of this recession has been quite consistent.

Do I get to accuse you of "hoping things get worse" like you were doing to those of us who said things were going to get much worse back at the beginning of the year?

No, because I also thought it would get worse. I simply did not giggle with glee at the prospect for perceived partisan advantage as others here obviously do.

[Wild Cobra]

Jobless rate tops 10 pct. for first time since '83

except this is meaningless since they changed the definition of unemployed people between then and now

http://en.wikipedia.org/wiki/Current..._CPS_Revisions

Fine, except that the official measure stayed the same. Just changed from U5 to U3.

So how does that have an effect on the reported rate? I don't see it.