Unemployment at 10.2% is only those who actively seek work. The actual rate of those who are unemployed is likely closer to 20%. 1 in every 5 working-age Americans is out of a job.
(via muppetpants): Remember when Obama said that we could stop unemployment from reaching double digits by spending $1 trillion? Could you imagine going to a cobbler, having him tell you he could fix your shoes for $1000, and having the soles fall off shortly thereafter?
Not to support Obama or anything but unemployment only pertains to people who actively seek work. Figures don’t account for people who are out of work and not seeking employment because even if there was a surplus of jobs„ these people would not be apart of the general workforce. And most of the figure is inflated by the millions of retired people (who obviously, are not seeking work).
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What you’re seeing here is the discrepancy between the U3 measurement of unemployment, which is what the Bureau of Labor...
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jennyyyy reblogged this from supplydemand and added:
well i feel a lot less of a failure! haha.
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luckyshadow reblogged this from joemuto and added:
Thank you, Joe. This is all turning into such a beat down.
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robodomdo reblogged this from notthatkindagay
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vaganovaagrippina reblogged this from joemuto
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hiitsbradd reblogged this from bethlehems and added:
people who actively seek work. Figures don’t account...people who are out of work
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jonathan-cunningham reblogged this from poortaste and added:
I like how the same people who are whining about people blaming Bush for the crash that his policies are directly...
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bowlingalleylawyer reblogged this from joemuto and added:
so how many years ya’ll planning on still riding the GWB train? I’ll give it to you now, but I’m gonna being pointing...
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notthatkindagay reblogged this from mogawa and added:
Mogawa Somebody’s being unreasonable.
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mogawa reblogged this from muppetpants and added:
Now is NOT the time...be graduating, Ms Ogawa. Now is just NOT
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moorewr reblogged this from muppetpants and added:
In this case it’s more like...buy the $1000 shoes, but they’ve only accepted $50 from...
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joemuto reblogged this from bowlingalleylawyer and added:
Yes, but unbeknownst the the new cobbler, the previous cobbler had been routinely taking a piss on the shoes for the...
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supplydemand reblogged this from bthny and added:
also, check out how disproportionately affected young people are: from Generation Recession - The Nation. “In September,...
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shorterexcerpts reblogged this from motionsensorsoundtrack and added:
Of course no major regulations have been imposed on Wall St. as a whole, and yet small businesses are still struggling...
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unsolicitedanalysis reblogged this from bowlingalleylawyer and added:
Well, the sea of liquidity created by the stimulus package has inarguably created jobs in the near term. That is...
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motionsensorsoundtrack reblogged this from bethlehems and added:
funny thing, its not over yet…unemployment will continue...there will be more spending.
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