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keys
Penny Collector Member
383 Posts |
 Posted - 03/22/2009 : 15:56:47
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Frm Dr. Housing Bubble
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The chart that says it all
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Do you choose the U-3 (the official Unemployment numbers) or U-6 (what it feels like while trying to find a job)
From the article
...let me add a couple of caveats since everyone thinks that simply uttering the Great Depression means we are flying off some kind of economic cliff.
People anchor on to the dismal 25 percent unemployment peak
but fail to realize that in some years, unemployment was hovering around 15 percent.
The Great Depression lasted an entire decade with major fluctuations in employment and also saw the stock market bounce off record lows. GDP also increased. It was not all doom and gloom. In addition, we have much more of a safety net today including unemployment insurance which provides a minor buffer to employment shocks.
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It may not have been all gloom and doom but it was not a bed of roses either.
I just find the articles, you can take them or reject them as you see fit, I just pass on the information for you to read, consider, or ignore as you wish.
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I change with the times-
but like silver coins found in your change
I stay the same.
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The United States of America started out as the new Republic of Rome.
Will The United States of America end up as the New Imperial Rome? |
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Unemployment figures, take your pick
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