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We're at less than 7% unemployment. People aren't going hungry. Technically not a recession, but it will be soon. Depression? Absolutely not.
by tvchurch 18y ago
We're at less than 7% unemployment. People aren't going hungry. Technically not a recession, but it will be soon. Depression? Absolutely not.
- gscott 18y agoThe unemployment data that is put out is artificially rosey. http://moneycentral.msn.com/content/P146055.asp http://moneycentral.msn.com/content/P146055.asp
- yummyfajitas 18y agoYour source is not very convincing. He discovered that non-standard definitions of unemployment disagree with the standard one (U3). Yes, unemployment is 8.4% if you include people who "would like to work" but haven't actually looked for a job (U6). His super secret definition of unemployment might even give a 12% unemployment rate. So what?
- sabat 18y agoPerhaps, but until several people you know have been out of work for 2+ years and have dwindling savings, we ain't in no depression.
- rw 18y agoPeople have always been going hungry.
- tvchurch 18y agoTrue. But 25% of the population isn't standing in a daily bread line.