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The U6 calculations are frightening enough. What's even worse is that this infographic was done a mere 8 months ago. U3 ('official rate') jumped from 7.2% to 9
by jsm386 17y ago
The U6 calculations are frightening enough. What's even worse is that this infographic was done a mere 8 months ago.
U3 ('official rate') jumped from 7.2% to 9.6% since January.
Check out this infographic via Calculated Risk to see how bad it is in some states: http://1.bp.blogspot.com/_pMscxxELHEg/SrOono9ZxiI/AAAAAAAAGXs/ayorkJAeibU/s1600-h/StateUnemploymentAug2009.jpg http://1.bp.blogspot.com/_pMscxxELHEg/SrOono9ZxiI/AAAAAAAAGX...
Fourteen states and D.C. now have double digit unemployment rates.
Illinois, Indiana, and Georgia are all close.
Four states are at record unemployment rates: Rhode Island, Oregon, Nevada, and California. Several others - like Florida and Georgia - are close.
http://www.calculatedriskblog.com/2009/09/unemployment-rates-california-nevada.html http://www.calculatedriskblog.com/2009/09/unemployment-rates...
- teuobk 17y agoIndeed. The U-6 rate is now 16.8% (seasonally adjusted). http://www.bls.gov/news.release/pdf/empsit.pdf http://www.bls.gov/news.release/pdf/empsit.pdf
- catzaa 17y agoThat is not so bad. My country had an unemployment rate of 40%+ before the recession (when it includes people not employed but not looking for a job). If unemployed illegal aliens from other countries in my country are included it will be significantly higher. The USA may have temporary problems - like a kid who fell of his bike. But you guys will get back up on that bike fairly quickly (barring politicians doing stupid stuff). It may be a problem, but it is a temporary problem.