Unemployment Rate Hits 25-Year High
Pretty grim. The Times covers it here and its economics blog has this to say: “It’s still too early to call this the worst recession since the Great Depression. But it’s bad, and it’s still getting worse at a rapid rate.” On a more positive note, a Siena College survey just found that New Yorkers’…
Pretty grim. The Times covers it here and its economics blog has this to say: “It’s still too early to call this the worst recession since the Great Depression. But it’s bad, and it’s still getting worse at a rapid rate.” On a more positive note, a Siena College survey just found that New Yorkers’ consumer confidence rose 3 percentage points last month, while the national rate fell 5 points.
lol snark an outstanding week for you!
I suggest a three-pronged business plan if you don’t want to get skewered by the competition.
careful snarky, you stand to make a killing…
With that in mind, chicken, I’m opening my new web store, Pitchforks4less.com.
That leaves 85% of the population employed.
Posted by: daveinbedstuy at March 6, 2009 2:09 PM
Nope. According to CIA World Factbook, 27% of the population is under 19 and 13% is over 65. The unemployment rate only applies to the population of working age – over 16 so there’s a bit of overlap.
If we say 24% is under 16 then about 63% of the population is of employment age. 16% of these are unemployed under the BLS’ U6 definition (although shadowstats puts it closer to 19%), so only 53% of the population is employed.
And 15% with torches and pitchforks coming after the those 85%.
That leaves 85% of the population employed.
Painting the cat.
Cats purring on your chest.
Painting the bedroom a perfect color.
Friends.
Family.
A roof over my head and cat food in the pantry.