Friday, Sep 04, 2009
What about those people whose benefits have finished? are they counted?
Cnn: Unemployment jumps to a 26-year high of 9.7%
Employers trimmed fewer jobs in August than they did the prior month, but the unemployment rate jumped to a 26-year high, the government reported Friday.
Posted by mark @ 01:52 PM (426 views) Add Comment
3 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. icarus said...
mark - I believe the long-term / discouraged unemployed ( usually a year or more) are not counted as being in the US workforce and are therefore omitted from the unemployment figures.
Much of employment and unemployment in the US is estimated, using assumptions that usually distort figures in the direction that suits the government. e.g. most of the employment lost through company failures, and gained through company births, is estimated. The assumptions behind the estimates are based on growth periods and underestimate employment losses and overestimate the gains.
2. icarus said...
(continued).....during a recessionary period such as the current one.
3. bystander said...
.............and yet optimism seems to be high in Wall Street and the City, so shares rise????? I just don't get it. I know unemployment is supposed to be a lagging indicator, but where will the money come for new investments and new hiring when the taps are turned off. Will the banks jump straight back in with both feet, without the safety net of cheap government loans. On second thoughts, probably,a s they know they will never be allowed to fail, no matter what it costs future generations. so all the clever sods in the city, not just the politicians in Whitehall, are responsible for the enslaving of our children and their children, NICE:0(