Ken777
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The Real Unemployment Rate

Wed Oct 27, 2010 7:53 pm

There was a pretty blunt interview on CNN, covering unemployment.

Clearest statement in the interview was that, in reality, our current unemployment rate is just under 20%. Only looks better because of the manner in which the "official number" is calculated.

Recommended viewing - it's not that long, nor is it right or left wing oriented.

http://www.cnn.com/video/#/video/us/...ndery.real.unemployment.cnn?hpt=T2
 
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Dreadnought
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RE: The Real Unemployment Rate

Thu Oct 28, 2010 3:46 am

Forget dogs and cats - Spay and neuter your liberals.
 
Superfly
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RE: The Real Unemployment Rate

Thu Oct 28, 2010 4:08 am

Quoting Ken777 (Thread starter):

Very true and it's sad that Republican senatorial candidate Sahrron Angle thinks that unemployed people are "spoiled".

http://www.youtube.com/watch?v=zK-YtM52aPE

http://www.youtube.com/watch?v=WC3vEpkQXQs
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KevinL1011
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RE: The Real Unemployment Rate

Thu Oct 28, 2010 5:30 am

The US Gov. unemployment numbers are total BS and based on the number of unemployment claims. It doesn't consider those whose benefits have run out or those who are not eligible for benefits. There are also many who are under-employed and living at poverty income levels.

That CNN video clip didn't address the complete picture of why the reported unemployment figure is skewed and it derailed into the trade deficit with China. China is not the only country who doesn't have labor laws or environmental compliance adding to the cost of a product. The fact is that the US manufacturing sector has almost disappeared due to high cost as it has in many European countries as well. We cry about unemployment here in the US but England and France are probably even worse for the same reasons.

When saving the earth becomes profitable, we'll have prosperity again. I don't see that happening though
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Superfly
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RE: The Real Unemployment Rate

Thu Oct 28, 2010 6:58 am

Quoting KevinL1011 (Reply 3):
The US Gov. unemployment numbers are total BS and based on the number of unemployment claims. It doesn't consider those whose benefits have run out or those who are not eligible for benefits. There are also many who are under-employed and living at poverty income levels.

  

There are many people that have been forced to resign or chose to be classified as 'resigned' instead of fired because it would be a crush to their ego. Many companies contest unemployment as well. So yes, unemployment numbers are very inaccurate.

Quoting KevinL1011 (Reply 3):
When saving the earth becomes profitable, we'll have prosperity again. I don't see that happening though

Yes but Ralph Nader and Greenpeace said it would.   
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Rara
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RE: The Real Unemployment Rate

Thu Oct 28, 2010 12:07 pm

Quoting Superfly (Reply 4):
Yes but Ralph Nader and Greenpeace said it would.

Do they? I thought all they said was that there are many measures that are both profitable and environmentally beneficial.
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sacamojus
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RE: The Real Unemployment Rate

Thu Oct 28, 2010 12:21 pm

The job market is so fustrating for me at the moment. I thought I did everything right (got a B.S. in Finance and an MBA were I finished top of my class from an AASCB accredited university) Unfortunately, I am approaching my 1 year anniversary from graduation and no nibbles at a job. I have applied for over 500 jobs now and have had two interviews. I have even been looking for a basic job like and administrative assistant job just to get my foot in the door. I have several friends that work in government positions who willingly claim they work as little as 25% of the time, and all I want to do is work my ass off! Sorry about the rant.

I did however work for the Census when it was going on and can fully understand how the unemployment rate is up that high. We had numerous people like myself working as clerks do nothing but scanning papers all day long. It is quite depressing and very fustrating. Some did find work in bigger cities, and I am looking myself to move anywhere in the world. Is there any place in the world experiencing a professional labor shortage? I will gladly move there!
 
Rara
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RE: The Real Unemployment Rate

Thu Oct 28, 2010 12:22 pm

Quoting sacamojus (Reply 6):
Is there any place in the world experiencing a professional labor shortage? I will gladly move there!

Germany..
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connies4ever
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RE: The Real Unemployment Rate

Thu Oct 28, 2010 12:32 pm

Quoting KevinL1011 (Reply 3):
The US Gov. unemployment numbers are total BS and based on the number of unemployment claims. It doesn't consider those whose benefits have run out or those who are not eligible for benefits. There are also many who are under-employed and living at poverty income levels.

This is true for pretty much all governments in the West. In Canada our official rate is about 8%, but most figure it's more like 10%. Governments of all stripes will paint th epicture in as favourable a light as possible to:
a) hopefully ensure re-election, and
b) give the consuming public a sense that things are better than they seem --- to entice the consumer to spend more, which is a form of bootstrapping.

This site is interesting for an alternative, possibly more realistic view of the economy:

http://www.shadowstats.com/
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Ken777
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RE: The Real Unemployment Rate

Thu Oct 28, 2010 3:35 pm

Quoting KevinL1011 (Reply 3):
When saving the earth becomes profitable, we'll have prosperity again. I don't see that happening though

I'm not an environment nut by any means, but things were getting a bit nasty before we started cleaning up. The issue isn't our basic policies so much as China totally turning their back on the need to keep up some minimum standard.

Quoting sacamojus (Reply 6):
The job market is so fustrating for me at the moment.

It's a pretty sorry situation right now and will probably get a lot worse over the next decade.

Looking at your options these days I'd actually recommend looking at the Finance side of the military. Not the civilian side, but the active duty side. My preference would be the Nave (where I served) because if you got an assignment in the "field" you can go to sea and "see the world". Well, I got to see the Pacific side of the world a bit.

Reality is that you might actually like it and, if the job market sucks when your initial time is up, you can still keep your "job".

And you might even be able to make some valuable contacts while serving.

It beats the hell out of staring at brick walls.
 
sacamojus
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RE: The Real Unemployment Rate

Thu Oct 28, 2010 7:51 pm

Quoting Ken777 (Reply 9):
Looking at your options these days I'd actually recommend looking at the Finance side of the military. Not the civilian side, but the active duty side.

This is actually option Z for me. I am planning on joining the Air Force if I don't have at least something in the works. It shouldn't be too bad of gig considering the Air Force is not the 5th best place to work in the US.

Germany is experiencing a professional labor shortage? Do you have any firms in mind that an American can apply at? Any help would be most appreciated.
 
Emirates773ER
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RE: The Real Unemployment Rate

Thu Oct 28, 2010 10:14 pm

Quoting sacamojus (Reply 6):
Is there any place in the world experiencing a professional labor shortage? I will gladly move there!

Look up towards western Canada, the oil boom is starting to play out once again. Calgary would be your best shot.
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