Fri
Jan 9 2009
01:00 pm
U.S. unemployment hits 7.2%
By: R. Neal

The latest Department of Labor report...

Topics:
gonzone's picture

Or

Submitted by gonzone on Fri, 2009/01/09 - 1:15pm.

If you prefer a more accurate measure of real unemployment try the U6 measure which is at 13.5%.
And that doesn't include the staggering underemployment in our country. But hey, Bush's base is still doing well so it's all good.

U-6 Total unemployed, plus all marginally attached
workers, plus total employed part time for
economic reasons, as a percent of the civilian
labor force plus all marginally attached workers.. 13.5

Underemployment link

"When the going gets weird, the weird turn pro."
Hunter S. Thompson

R. Neal's picture

Yeah, I believe the Dept. of

Submitted by R. Neal on Fri, 2009/01/09 - 1:13pm.

Yeah, I believe the Dept. of Labor report said there are 11-20 million underemployed.

Brian A.'s picture

Twelve straight months of

Submitted by Brian A. on Fri, 2009/01/09 - 3:45pm.

Twelve straight months of job losses.

What happened to our Bush economic boom?

Brian A.
I'd rather be cycling.

reform4's picture

More Tax Cuts!

Submitted by reform4 on Fri, 2009/01/09 - 5:21pm.

I'm still waiting for those tax cuts to take effect... still waiting... and waiting....

At least half of Obama's plan is better than the old approach. I'd like to see something bolder.

The good news is that Citi is *finally* backing down on their "no cramdowns" on renegotiating mortgages. After the election, they realize they need to get on the bus or it will leave without them. Too bad it couldn't have happened 6-12 months ago and saved us all a lot of trouble.

KC's picture

"The good news is that Citi

Submitted by KC on Fri, 2009/01/09 - 5:54pm.

"The good news is that Citi is *finally* backing down on their "no cramdowns" on renegotiating mortgages."

I think that is for the next disaster: creatively financed mortgages.

I've heard this year we may be looking at 3.5 million foreclosures. And these won't be sub-prime ones either.

No. These will be those behind gates and in areas near large bodies of water. Pre-existing bodies of water. With lawns the size of a highway median.

Oh, the horrors, the horrors!

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