december gallup poll on unemployment

[joevol320]

Gallup Finds Unemployment at 9.6% in December

 

[utgibbs]

Is this real unemployment or the standard figure?

 

[joevol320]

Is this real unemployment or the standard figure?

I thinkg the REAL unemployement numbers are in the 15-17% range.

 

[BigPapaVol]

Is this real unemployment or the standard figure?

Good grief.
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[utgibbs]

I thinkg the REAL unemployement numbers are in the 15-17% range.

You would be right.

:thumbsup:

Doubling the standard figure is usually a good estimate of real unemployment.

 

[volinbham]

doubling the number seems greedy to me

 

[droski]

You would be right.

:thumbsup:

Doubling the standard figure is usually a good estimate of real unemployment.

see what happens when govt runs wild?

 

[BigPapaVol]

doubling the number seems greedy to me

That's why we need govt healthcare and level pay scales.
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[BeecherVol]

doubling the number seems greedy to me

Maybe the greedy business owners have decided that greed is not a novel virtue and decided not to grow and hire.

 

[utgibbs]

Or maybe we should move to a full employment economy? You know, the one that delivered 30 glorious years? the wonder economy? the "never had it so good" economy? The one where real wealth and prosperity increased for 30 straight years?

At this stage, I'd be happy with the baby step of simply counting unemployment properly. The political infantilism in America is staggering and :jawdropping:

 

[utgibbs]

doubling the number seems greedy to me

It's a rule of thumb; certainly NOT a virtue.

 

[droski]

Or maybe we should move to a full employment economy? You know, the one that delivered 30 glorious years? the wonder economy? the "never had it so good" economy? The one where real wealth and prosperity increased for 30 straight years?

sounds good to me, but since this never happened i'm not sure how easy it is to "return" to it.

 

[utgibbs]

sounds good to me, but since this never happened i'm not sure how easy it is to "return" to it.

Although we didn't enjoy the almost non-existent unemployment of our European counterparts, we certainly had an extremely low rate for the United States, couple with an unparalleled growth in real income, home ownership, and real wealth.....

 

[droski]

" almost non-existent unemployment of our European counterparts"

what the hell are you talking about? france and england have had unemployment higher than the US for 50 years!

 

[lawgator1]

Dropped from 9.8 to 9.4.

 

[droski]

must be why the market dropped on the news. the economy is booming!

 

[droski]

drop was likely due at least in part to statistical adjustments, as the government's count of unemployed workers fell by 556,000 to 14.5 million.

Unemployment rate: December unemployment rate drops to 9.4% - latimes.com