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Hogwash! I just heard Obama saying that unemployment is down, recession is over, and the housing market is picking up. Certainly, Charlotte is experiencing all of these wonderful improvements. And, according to the Chief of Police, crime is way down. Good times!
The reason budgets are out of whack all over this country is no mystery and it is not because of unemployment and foreclosures. Remember: if 12% of the population is out of work, that means that 88% STILL HAS JOBS.
That statement is factually inaccurate. Unemployment = Number of unemployed workers / Total labor force. This does not count children, home makers, retired seniors, people who are unemployed and are not looking (discouraged/hopeless workers, lazy people living on unemployment), prisoners, students, "marginally attached" workers, etc etc.
That statement is factually inaccurate. Unemployment = Number of unemployed workers / Total labor force. This does not count children, home makers, retired seniors, people who are unemployed and are not looking (discouraged/hopeless workers, lazy people living on unemployment), prisoners, students, "marginally attached" workers, etc etc.
I was being rhetorical. I said IF 12% is out of work . . . If you had read my other posts, you would know I am quite aware how unemployment figures are calculated by the federal gubment. I said IF 12% is out of work . . .
I suspect that here in Charlotte, our unemployment rate, should it include contract workers, freelancers as well as those who are underemployed, would be significantly higher than the 12% +/- figure that is being reported. In addition, if you examined household income and how much it has fallen for folks who ARE employed, but who are either no longer receiving bonuses or who have had hours cut back, etc . . . it would be quite revealing as to how much less money is going into people's pockets at this point in time.
I think they were talking about laying off 600 teachers...just how many do they have that they can let 600 go?
One post said this is happening all over so it wasn't bad management...I'm not sure one implies the other, it could be that poor fiscal management is endemic in all public institutions.
I really think we should clean house, get rid of all incumbents and bar them from reelection for at least 5 yrs. If they really are that good, I'm sure they can find other employment.
It's really unfortunate that Charlotte has taken such a thorough "beating" in this horrible recession.
I'm confident that over time, Charlotte will begin to experience renewal with regards to the local
job market and economy.
Other cities have certainly been dealt severe economic blows like this before, and have emerged from the very brink.
I've lived in Charlotte on a couple of occasions, I expect that the passage of time will reveal a slow but steady recovery for the region.
Last edited by JohnDBaumgardner; 04-02-2010 at 12:30 PM..
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