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True unemplyment Rate

Discussion in 'BBS Hangout: Debate & Discussion' started by Air Langhi, Jul 2, 2009.

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  1. Air Langhi

    Air Langhi Contributing Member

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    Based on the u-5 and u-6 the real unemployment rate is between 11-17%. If the engine of the American economy is consumer spending, how is going to happen.
     
    #1 Air Langhi, Jul 2, 2009
  2. pgabriel

    pgabriel Educated Negro

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    Today's job loss number for June is a reality check unfortunately
     
    #2 pgabriel, Jul 2, 2009
  3. DonnyMost

    DonnyMost Member

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    link?
     
    #3 DonnyMost, Jul 2, 2009
  4. Air Langhi

    Air Langhi Contributing Member

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    #4 Air Langhi, Jul 2, 2009
  5. MadMax

    MadMax Member

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    unemployment is a lagging indicator...we've had unemployment numbers like this before, and we've managed our way back....the momentum on coming back happens as the unemployment is surging, actually.
     
    #5 MadMax, Jul 2, 2009
  6. glynch

    glynch Member

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    What is the number? Is it bad?
     
    #6 glynch, Jul 2, 2009
  7. pgabriel

    pgabriel Educated Negro

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    467,000, which I believe was over 100,000 over the prediction. However the unemployment rate was what they predicted. I wonder if the job loss number is a net total combined with people who may have been hired.
     
    #7 pgabriel, Jul 2, 2009
  8. KingCheetah

    KingCheetah Atomic Playboy

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    I would think the unemployment rate for kids under 5 and 6 would be higher than 11-17 percent.
     
    #8 KingCheetah, Jul 2, 2009
  9. juicystream

    juicystream Member

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    They've been going to work since their dads got laid off.
     
    #9 juicystream, Jul 2, 2009
  10. rimrocker

    rimrocker Member

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    I think it only measures the kids who are actively looking for work. The ones that tried and then gave up are not included. Also not included are those kids who have turned to selling drugs or committing crimes in order to afford the latest Transformer toy.
     
    #10 rimrocker, Jul 2, 2009
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