Troubling Unemployment

[The Thriller]

The White House wants you to believe that the economy is improving... But is it really?

https://dailycaller.com/2011/06/10/federal-data-shows-troubling-unemployment-underemployment-trends/

Less than half of African-American men now have full-time jobs, and less than half of all white men will have full-time jobs in 2018, according to post-2000 trends hidden in federal population and workforce data.

There are roughly 14 million people formally labeled as unemployed, but “there’s probably 22 million to 23 million people who are unemployed, mal-employed or underemployed,” said Andrew Sum, an economics professor at Northeastern University in Boston.

There’s recently been a run of bad news about unemployment trends. That’s damaged the White House’s poll ratings, but the federal government’s unemployment estimate — now 9.1 percent — counts only a portion of the nation’s non-working population. That’s because the 9.1 percent counts only people who have sought work in the last four weeks, and have failed to find employment of 35 hours or more per week.

The count obscures the fact that many people have unwillingly ended their participation in the workforce

 

[Scat]

So how do we fix it and who's the man to do it?

 

[candrew]

So the blacks are screwed now and the whites will be screwed later - and they refer to this as "Troubling Trends in Unemployment"

That's kinda funny.

 

[Duck Rodgers]

Everyone that knows more than 10 people that are working age should be able to tell you that the government's headline numbers are bunk, much less everyone that understands what goes into that number. And once you go somewhere where it's really bad, it's mind blowing. There are "Obamavilles" all over downtown San Diego. I can only imagine how places like Detroit or the Inland Empire in California are looking these days.

Bottom line, they chose banks over people, and the worst is yet to come.

 

[LogGrad98]

The house we just moved out of that we were leasing is the 8th in a 2 block radius to be foreclosed on. 2 more foreclosed homes in that area and there will be more empty homes than homes with people living in them.