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Unemployment actually at 18%


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A friend was mentioning this to me. Then I took a look at the website below.

 

If the government was still calculating the unemployment rate using the same criteria and methods that had last been used during the Clinton administration, the “official” unemployment rate today would be closer to 18% (they claim it is currently 7.2%). They changed the way this was measured to fool the public into a false perception of prosperity. So you cannot compare historical unemployment rates because they were measured differently. The official peak in unemployment during the great depression was about 25%. It was probably much higher due to massaging for political gain but this was the “official” number.

 

Pretty interesting. More research here >> LINK.

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Good Job! I have been wanting to say something about this for a while. But it is hard to find the correct information since our government uses different ways to figure unemployment. Its kind of like the way they Lie to us about Inflation.

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A friend was mentioning this to me. Then I took a look at the website below.

 

If the government was still calculating the unemployment rate using the same criteria and methods that had last been used during the Clinton administration, the “official” unemployment rate today would be closer to 18% (they claim it is currently 7.2%). They changed the way this was measured to fool the public into a false perception of prosperity. So you cannot compare historical unemployment rates because they were measured differently. The official peak in unemployment during the great depression was about 25%. It was probably much higher due to massaging for political gain but this was the “official” number.

 

Pretty interesting. More research here >> LINK.

According to the link you provided, the unemployment rate is only 18% if you use a measure that has been in the double digits for the past 15 years. There was certainly never an "official" unemployment rate of 15% during the Clinton years, but that's what this measure gives. I'm not saying this isnt an accurate measure of something, but it certainly doesnt use the same methods that were used during the Clinton Administration.

sgs-emp.gif

 

 

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According to the link you provided, the unemployment rate is only 18% if you use a measure that has been in the double digits for the past 15 years. There was certainly never an "official" unemployment rate of 15% during the Clinton years, but that's what this measure gives. I'm not saying this isnt an accurate measure of something, but it certainly doesnt use the same methods that were used during the Clinton Administration.

sgs-emp.gif

 

Good point. It's still compelling none the less.

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Just got an email from a friend in N. Ohio that does what I do. He got let go.

 

He was a consultant before I was... he said we are both in trouble because of the economy,

but we're far better off than a lot of other folks in IT.

 

Crash. Burn. Another friend, a surveyor, also has been unemployed the last two months.

 

Another friend, dissolved her company that helped the physically disabled/learning disabled

get job training and jobs...

 

She said the gov just started putting so many regs and fees in the way, she lost money

trying to help.

 

She doesn't know how she'll ever find a job.

 

Not good, all over. Obama is a flake. I think he's a cereal economy killer. @@

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Obama has been in the office a month and he cause them all to lose their jobs already? Riiiiiiiiiiiiiight. :rolleyes: It has nothing to do with the man previously in office for 8 years.

 

I think you mean serial, not cereal.

 

I know. I think at this point these people are just doing it to get your goat.

 

No person that knows how to type really thinks our problems solely rests on one mans shoulders.

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Obama is the commander and chief and should and will be responsible for all job losses under his term.

 

Since Obamaly continues to tax the hell out of those evil rich 2% and they will soon say screw you, and pack up their businesses and factories and move elsewhere. unless they have to join one of the obama socialism programs like having a public private partnership and except a bailout.

 

or is that fascism? who cares it all ends the same way.

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I was just let go in my job on the 20th of Feb. My job was going good till about a year ago, when the company I worked for starting losing money.

 

I love how I didn't do anything wrong, like buying a house I couldn't afford, running up credit card debts, or being criminal like these banks that wrote these horrible loans, yet I end up losing my job, and now have to pay for higher taxes. Thanks America, and especially the politicians who run this great country, I owe my unemployment to all of you.

 

I hate ALL politicians, they all lie and only do things for their own self interest. Hey Obama, stop BS'ing me, I don't see any change, just the same shit as usual from our govt.

 

 

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Of course it's true, that Nobama the cereal economy killer, has only been in the presidency for going on two months.

 

But he is already alienating members of his own party, a lot of folks in Britian, Iran, and 6 out of 10 are very, very worried

that the economy is going to get worse.

 

Obama has had time to be upbeat and do the right things.

 

He hasn't done either. He appoints all sorts of "csars" because they don't have to be approved by anybody,

giving him unofficial control over... everything.

 

He LIED about being against pork/earmarks, and has enthusiastically signed on to both.

 

He SAID he would lower taxes, but now says those taxes will be raised later.

 

and he let the Bush tax cuts end, but ...

 

and it goes on and on. I give him a half year before I call for his impeachment.

 

On the bright side, if he continues to screw our entire country up, maybe some court

 

will finally succumb to pressure from AMERICANS and open Nobama's real birth certificate.

 

And, grains were getting higher again, after the usual winter drop. And now? They went BACK DOWN

 

because the economy is going to crash, because of Obama and his "let me have more power, we're in a crisis"

 

mentality. That's big money out of farmers' pockets. only got maybe 500 bushels of soybeans. difference

 

between 15 bucks a bushel and 8 bucks a bushel? Meanwhile, Obama throws lavish parties at the White House.

 

We're going to crash like we've never crashed before, I fear. That's why I used "cereal" jokingly. Corn and oats

 

prices have plummeted.

 

 

 

 

 

 

 

 

 

 

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Sorry to hear, SoCal. Where I was consulting for over a year, a big co. layed off, permanently, a LOT of people,

including the director of IT and people all over the place.

 

some managers think IT is a luxury. Right now, consultant gigs are nowhere, cept I have one coming up.

 

Consultants don't get unemployment - we're "self-employed".

 

We're going to be growing a lot of hay this year. That price has increased...

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Sorry to hear, SoCal. Where I was consulting for over a year, a big co. layed off, permanently, a LOT of people,

including the director of IT and people all over the place.

 

some managers think IT is a luxury. Right now, consultant gigs are nowhere, cept I have one coming up.

 

Consultants don't get unemployment - we're "self-employed".

 

We're going to be growing a lot of hay this year. That price has increased...

 

Thanks Cal. It is really brutal in the job search right now, no one is hiring. The IT jobs out here are few and far between and have a sh*t load of applicants. :blink:

 

Good luck with the Hay crop this year.

Maybe you should grow some pot, I hear it's a good cash crop. :P

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I know. I think at this point these people are just doing it to get your goat.

 

No person that knows how to type really thinks our problems solely rests on one mans shoulders.

 

That's correct.

Still (and you can cry it's the same old point) that didn't seem to be the opinion for the last 8 years.

 

 

And no, it isn't Obama's fault completely.

He does hafe some very counterproductive views, at least as seen by the financial markets here and around the world.

That in itself could be tempered by a house and senate that you could count on to check or balance.

Bush really did not have much say with the houses.

Obama seems to have free reign and two years to do long term damage.

 

And as you see there has been a rapid decline ever since he became the solid front runner.

 

You can spin, deny or whatever you wish but that is the fact.

 

WSS

 

 

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wait, so 911 was clintons fault?

 

 

you can't pick and choose logic that suits your argument.....

 

 

Actually didn't the 911 report say that they were shortfalls over the last TWO administrations that helped make 911 a possibility? Just saying that it took longer than 8 months to plan that sort of attack and GW was only in office for 8 or so months.

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Actually didn't the 911 report say that they were shortfalls over the last TWO administrations that helped make 911 a possibility? Just saying that it took longer than 8 months to plan that sort of attack and GW was only in office for 8 or so months.

 

Exactly, it is everyone's fault. Only 8 months in office and of course GW is not to blame. Along the same lines, Obama is not to solely blame for the economic mess the US is into. Finally, someone on the board gets it. We are in this together. Hopefully congress will get that message.

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Exactly, it is everyone's fault. Only 8 months in office and of course GW is not to blame. Along the same lines, Obama is not to solely blame for the economic mess the US is into. Finally, someone on the board gets it. We are in this together. Hopefully congress will get that message.

 

Exactly. It was a total collapse of our intelligence community. I think that Clinton is largely more responsible then Bush since the training and planning occurred mainly on his watch. But Bush failed to pick up any signals of an imminent attack.

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The simple fact is Kosar is right that it is everyone's fault. In fact the President is a figure head as much as anything. He gets all the blame and all the accolades when Congress probably has MORE control. While as Obama's policies at this point have not had a chance to truly effect the economy either way, what he IS doing is more dangerous than any policy. When you purposefully inject fear into a financial market you cause people to "clam" up. Even Warren Buffett referenced it today when he indicated that it only takes 5 minutes to make someone afraid but it takes a lot, a lot longer for them to loose that fear. That coupled with some of his programs remaining intentionally vague to this day....and we all see what's happening

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It's Obama's failure to VETO the spending bills with tons of earmarks that is a disgrace.

 

And his failure and his constant dire warnings of crisis, crisis, etc etc... even Bill Clinton

told him he needed to stop discouraging the entire country.

 

So far, Obama is 100% political in everything he says and does.

 

Really not good.

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