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We’ve Got Depression-Level Unemployment
Unemployment is currently underreported. Even government officials admit that their “adjustments” to unemployment figures are inaccurate during recessions.
Youngstown State University’s Center for Working Class Studies puts the “De Facto Unemployment Rate” at 28.76%.
I'm inclined to believe it..... Sadly, I don't think unemployment, and more specifically, underemployment is going to improve for a very long time. In the last 2 1/2 years, I've had a hell of a time staying employed. I'm fortunate in some ways, I've not been completely out of work, but it's still been a struggle.
I really have no idea if or when the situation will improve.....
Back in 2009 when we were still in Colorado, I was sent to the home of a very elderly gentleman to repair his toilet. (I'm a plumber by trade) Anyway, he and I got to talking and I asked what he thought of the current situation.
He said the Great Depression was worse, but this is the worst economic situation since then.... I'm inclined to agree.
Last edited by GreenScoutII; 06-06-2011 at 09:32 AM..
Reason: gramatical error
This is what the Obama admin wants. Americans to work for minimum wage so we are forced to lower the bar of lifestyles.
Averages wages have gone up since Obama took office.
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