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Old 06-06-2011, 09:13 AM
 
5,346 posts, read 4,034,321 times
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» We’ve Now Got Depression-Level Unemployment Alex Jones' Infowars: There's a war on for your mind!

http://www.washingtonsblog.com/2011/06/unemployment-during-great-depression.html (broken link)

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%.
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Old 06-06-2011, 09:16 AM
 
Location: Dallas, TX
31,767 posts, read 28,739,560 times
Reputation: 12341
Quote:
Originally Posted by HC475 View Post
Unemployment is currently underreported.
When was the policy/formula changed?
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Old 06-06-2011, 09:17 AM
 
Location: deafened by howls of 'racism!!!'
52,328 posts, read 34,057,980 times
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Chronic unemployment worse than Great Depression - CBS Evening News - CBS News
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Old 06-06-2011, 09:20 AM
Status: "Ephesians 6:12" (set 28 days ago)
 
45,055 posts, read 26,215,504 times
Reputation: 24799
Quote:
Originally Posted by EinsteinsGhost View Post
When was the policy/formula changed?
When has it been reported honestly?
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Old 06-06-2011, 09:21 AM
 
Location: Dallas, TX
31,767 posts, read 28,739,560 times
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Quote:
Originally Posted by Frank DeForrest View Post
When has it been reported honestly?
My bad. I took the use of "currently" more seriously than would be expected from the people cruising on the right.
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Old 06-06-2011, 09:22 AM
 
1,457 posts, read 2,022,542 times
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Quote:
Originally Posted by Frank DeForrest View Post
When has it been reported honestly?
Exactly
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Old 06-06-2011, 09:31 AM
 
Location: Back in COLORADO!!!
839 posts, read 2,411,584 times
Reputation: 1392
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
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Old 06-06-2011, 11:33 AM
 
Location: deafened by howls of 'racism!!!'
52,328 posts, read 34,057,980 times
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McDonald's Could Account for Half of May's Job Growth - Business - The Atlantic Wire
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Old 06-06-2011, 11:37 AM
 
16,545 posts, read 13,413,512 times
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This is what the Obama admin wants. Americans to work for minimum wage so we are forced to lower the bar of lifestyles.
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Old 06-06-2011, 11:41 AM
 
Location: Dallas, TX
31,767 posts, read 28,739,560 times
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Quote:
Originally Posted by SourD View Post
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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