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.
Real unemployment and underemployment is 14.9%.
Real unemployment and underemployment is really 14.9%.
Oh yes, gardening. Good one Kingston.
I wish I could make music, I’m sure its very pleasurable.
More cheap happiness:
gardening
listening to (local) live music
better yet, making music
a walk thru town
a picnic
un-fancy travel
good movies
dancing
riding over the Manhattan Bridge at night
cheap happiness:
books
coffee in the morning
sunshine when you haven’t seen it for days
spring buds in the park
friends
eating with friends
comedy
Absolutely correct wasder!
U6 has is now 16% – and that’s before adjustment….
In 1998 there were roughly 136.3 million people in the American workforce (includes unemployed).
As of 2008 it’s roughly 155.2 million.
(CIA World Fact Book numbers)
My point is these numbers are all relative. We have a higher rate of unemployment but also higher rate of employable people.
So when the economy turns around there will still be unemployed regardless of the size of the workforce.
There will never be zero unemployment and generally the numbers lag enough, and don’t take into consideration things like sell employed starting a business, etc.
Yeah it sucks, but you know what it is a cycle. I think if nothing else this shows that this downturn will end, and as much as it sucks, we’ll probably have another one on another 25 years. It’s the cycle of the economy.
i would guess that most of us are beyond worrying about prices in brownstone brooklyn holding up and are more focused on the basics of employment, health and yes happiness despite it all.