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Old 03-21-2009, 09:14 AM
 
129 posts, read 362,202 times
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I am just curious on how high do you think Charlotte's Unemployment rate will go? Do you think it will stay around 10.5% or do you think it will go much higher or do you think things will only get better from here?
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Old 03-21-2009, 02:38 PM
 
Location: Wouldn't you like to know?
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I think Charlotte's "official" unemployment rate will climb at least to 12-13%, maybe higher.

Most surrounding counties are at that level or higher right now.
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Old 03-21-2009, 04:20 PM
 
Location: CLT native
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No one has a crystal ball, but if thousands of bankers and lawyers are laid off, where exactly are they going to work?
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Old 03-21-2009, 05:24 PM
 
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I know this sounds extremely crazy but my prediction for the 2011/2012 time frame is that we see unemployment figures in the 25-30% range.
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Old 03-21-2009, 05:25 PM
 
Location: State of Being
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It will exceed 12 % but the thing is . . . the actual numbers are not being reported. Consultants and contract workers are not counted in the figure as the gov't only includes actual employees who have been laid off. Wachovia and BofA have already laid off hundreds of contract workers. It may be accurate to say - they have laid of several thousand workers.
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Old 03-21-2009, 06:04 PM
Status: "North of Palm Trees, South of High Taxes" (set 9 days ago)
 
Location: Noth Caccalacca
5,607 posts, read 6,696,297 times
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Quote:
Originally Posted by anifani821 View Post
It will exceed 12 % but the thing is . . . the actual numbers are not being reported. Consultants and contract workers are not counted in the figure as the gov't only includes actual employees who have been laid off. Wachovia and BofA have already laid off hundreds of contract workers. It may be accurate to say - they have laid of several thousand workers.
ani - One of the things rarely mentioned in unemployment figures is just how many people have given up looking for jobs, at least for the time being and also how many people are working part-time when they were previously working full-time. These situations make the official unemployment figure artificially low. I just read that the unemployment rate is 23.6% in Chester County. Yikes!!!!!
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Old 03-21-2009, 06:43 PM
 
Location: Wouldn't you like to know?
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Quote:
Originally Posted by TheEmissary View Post
ani - One of the things rarely mentioned in unemployment figures is just how many people have given up looking for jobs, at least for the time being and also how many people are working part-time when they were previously working full-time. These situations make the official unemployment figure artificially low. I:
In addition, people who have went out of business recently are not counted as "unemployed" because they can't collect...

That's why I'm amazed every time I hear idiotic comments from people who say "well at least 90% of Charlotteans are employed"......
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Old 03-21-2009, 07:04 PM
 
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Figure it out yourself...how accurate can this data be and how long would it take for the gub, to fill the pipline of information? What everyTHEY say has to be yesterday's news.
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Old 03-21-2009, 08:58 PM
 
Location: Charlotte, NC
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Quote:
Originally Posted by TheEmissary View Post
ani - One of the things rarely mentioned in unemployment figures is just how many people have given up looking for jobs, at least for the time being and also how many people are working part-time when they were previously working full-time. These situations make the official unemployment figure artificially low. I just read that the unemployment rate is 23.6% in Chester County. Yikes!!!!!
Well the BLS does report this nationally. The unemployment rate nationally is 14.8%.

table-a12-2009-02.png (image)

Source BLS monthly report:

http://www.bls.gov/news.release/pdf/empsit.pdf

It's not that the government doesn't report it, it's that the MSM does not advertise it or write about it.

We need to dig deeper than what the MSM tells us.
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Old 03-21-2009, 09:14 PM
 
Location: Wouldn't you like to know?
9,114 posts, read 15,674,566 times
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Quote:
Originally Posted by sheenie2000 View Post
We need to dig deeper than what the MSM tells us.


You hit the nail on the head. And that could go for any subject besides the unemployment figures.

People tend to get lazy, or just believe anything they read w/o actually "digging" into things a little deeper.

Thanks for posting what I was thinking also...
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