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Politics : Liberalism: Do You Agree We've Had Enough of It?
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To: Kenneth E. Phillipps who wrote (118942)12/2/2011 10:34:09 AM
From: grusum3 Recommendations  Read Replies (1) of 224729
 
Private Sector added 140,000 jobs in November and unemployment rate dropped to 8.6%.

since unemployment is calculated as a 'rate', in theory, after everyone lost their jobs, the unemployment rate would become zero. in other words, the longer the unemployment rate increases or stays high, the easier it is for the rate to decrease.

comparing total employed to total unemployed, as a percentage, would be more illuminating. if we if we looked at that, historically, i think we'd see we are in very bad shape right now.
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