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It's the chicken littles versus the ostriches in denial who don't dare take their head out of the sand. But the fact is, both are frightened, they're just reacting to conditions differently.
Thanks to Tom DeLay and the Republicans, there's really no way of knowing where those clothes were made. Did you know that clothes made in the Mariana Islands can legally be labeled as "Made in the U.S.A?" These clothes are made in sweat shops by actual slave labor. Yes, slave labor - people who were told they were getting on a boat to the "U.S.A." and actually end up on an island, with no option of leaving.
In my case there is....the clothes I have bought(or had bought for me) are made in the USA.
Where? What part of the U.S.A? What were those workers paid that made those clothes? Were they Americans who made them, or immigrants? How do you know they were "made in the U.S.A?" The label? Cause that doesn't necessarily mean they were made here in the states.
Location: I currently exist only in a state of mind. one too complex for geographic location.
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Quote:
Originally Posted by Art123
Where? What part of the U.S.A? What were those workers paid that made those clothes? Were they Americans who made them, or immigrants? How do you know they were "made in the U.S.A?" The label? Cause that doesn't necessarily mean they were made here in the states.
No...over 16% of the workforce is unemployed or underemployed and I believe that doesn't count those no longer receiving benefits...
And again,even if all the newly unemployed have jobs,where will the money come from,people were using their homes and easy credit to buy,hence why this happened.
I'm not going to debate again on U3 versus U6 and the great government conspiracy. The measurements and what they mean are on the BLS website for all to see. It really makes no difference to me what measurement you use...the numbers are the same.
Whatever number you want to cite, there were more people unemployed in 1982 when that recession ended. Again....once people who are still employed start spending again, that's when the cycle starts back up. We had more than 10% unemployed in 1982 and by 1984 the US GDP was over 7% for the year. Unemployment is a lagging indicator and is ALWAYS one of the last metrics to turn in any recession.
I'm not going to debate again on U3 versus U6 and the great government conspiracy. The measurements and what they mean are on the BLS website for all to see. It really makes no difference to me what measurement you use...the numbers are the same.
Whatever number you want to cite, there were more people unemployed in 1982 when that recession ended. Again....once people who are still employed start spending again, that's when the cycle starts back up. We had more than 10% unemployed in 1982 and by 1984 the US GDP was over 7% for the year. Unemployment is a lagging indicator and is ALWAYS one of the last metrics to turn in any recession.
In 1982,which figures were used by the fedgov. to report unemployment?
Whatever number you want to cite, there were more people unemployed in 1982 when that recession ended. Again....once people who are still employed start spending again, that's when the cycle starts back up. We had more than 10% unemployed in 1982 and by 1984 the US GDP was over 7% for the year. Unemployment is a lagging indicator and is ALWAYS one of the last metrics to turn in any recession.
You are right, unemployment was over 10% in 1982, and by 1984 the economy was well on its way to recovery. The one defining event that took place between 1982 and 1984 that changed everything was a 25% across the board tax cut spread over a three year period.
The report, "Is the U.S. Unemployment Rate Today Already as High as It was in 1982?," adjusts the current unemployment rate to account for demographic and statistical differences that lower the unemployment rate today by 1.4 percentage points, relative to the official unemployment rate in 1982. After these adjustments, the current unemployment level rises to 9.5 percent, a level that is close to the 1982 average of 9.7 percent.
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