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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 422.23+1.9%Jan 12 4:00 PM EST
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To: Haim R. Branisteanu who wrote (50993)6/7/2009 12:28:27 AM
From: Haim R. Branisteanu  Read Replies (4) of 219310
 
By broader measures, unemployment -- or at least underemployment -- is already well into double digits. When marginally attached and involuntary part-time workers are included, the rate of unemployed or underemployed workers hit 16.4% last month, up from 15.8% in April and almost seven percentage points higher than it was one year ago.

"We're not hurling into the abyss in terms of job loss," said Lawrence Mishel, president of the liberal Economic Policy Institute, though he cautioned "we're going to be living in the abyss" as the jobless rate keeps rising and wages stagnate.

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