It is currently Sat Aug 30, 2014 1:12 pm

All times are UTC - 4 hours [ DST ]




Post new topic Reply to topic  [ 2 posts ] 
Author Message
 Post subject: Statician says US joblessness near Depression highs
PostPosted: Sat Mar 14, 2009 8:13 am 
Offline
Moderator
Moderator
User avatar

Joined: Sun Sep 03, 2006 6:42 am
Posts: 2046
Location: Surprise, AZ USA
Statician says US joblessness near Depression highs

Quote:
NEW YORK, March 9 (Reuters) - The U.S. unemployment rate would be 19.1 percent, close to the level during the Great Depression, using the methodology that prevailed 80 years ago, according to Shadowstats.com.

According to the official Labor Department figures, the jobless rate jumped to a 25-year high of 8.1 percent in February.

However, John Williams, from ShadowStats, argues that measurement changes implemented over the years make it impossible to compare the current unemployment rate with that seen during the Great Depression, when unemployment peaked at 25 percent.

"Such would be my best estimate of a rate that would be comparable to the Great Depression readings," said Williams of the 19.1 percent reading.

Still, he noted that the Depression peak itself may have been underestimated because it was restricted to "non-farm" payrolls at a time when agricultural labor still represented more than a quarter of the economy.


This is one of the better articulations of what we know to be happening but the damned lies of statistics has obscured.

_________________
I'm not a member of any organized party. I'm a Democrat.”-Will Rogers

A Proud Liberal...This Day in History...Namnesia Antidote


Top
 Profile  
 
 Post subject: Re: Statician says US joblessness near Depression highs
PostPosted: Sat Mar 21, 2009 5:37 am 
Offline
Site Admin
Site Admin
User avatar

Joined: Sat May 29, 2004 11:46 pm
Posts: 14444
Location: NC
I was noticing that LOWE'S stores in my area are hanging out big NOW HIRING signs. My brother, who is an electrician, told me that his list of new jobs was increasing...finally, and there are some houses/land being bought and sold. Spring is here now and maybe, just maybe, things will start to pick up, even in some of the hardest hit places around the country. I hope so...especially for TVNL members.

Here's some information about employment from the consumer affairs sticky: EMPLOYMENT

Dow ends off 122 but Wall Street posts 2-week gain

_________________
Image

"Behind every great fortune lies a great crime."
Honore de Balzac

"Democrats work to help people who need help.
That other party, they work for people who don't need help.
That's all there is to it."

~Harry S. Truman


Top
 Profile  
 
Display posts from previous:  Sort by  
Post new topic Reply to topic  [ 2 posts ] 

All times are UTC - 4 hours [ DST ]


Who is online

Users browsing this forum: No registered users and 1 guest


You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum

Search for:
Jump to:  
cron
Blue Moon by Trent © 2007
Powered by phpBB © 2000, 2002, 2005, 2007 phpBB Group