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Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?

To: RMF who wrote (31504)	1/15/2009 9:27:05 AM
From: TimF	Read Replies (2) \| Respond to of 71588

A correction from my last statement "OTOH if we get sustained high double digit rates, I'll accept the depression categorization. Or alternatively if we get any 20+% unemployment, even for a quarter, or if we get very sustained low double digit rates, then I'd also be ok with "depression"." Should be "OTOH if we get sustained rates in the high teens, I'll accept the depression categorization. Or alternatively if we get any 20+% unemployment, even for a quarter, or if we get very sustained low double digit rates, then I'd also be ok with "depression". Obviously high double digit rates would be ridiculous. And a clarification. "very sustained would be multiple years. Maybe 5 or even more.

To: RMF who wrote (31504)	1/15/2009 6:35:00 PM
From: DuckTapeSunroof	Respond to of 71588

Re: "AND, if you look at other measurements like people "already giving up in looking for employment" we may have already passed double digits a while ago." Yes, John Williams of Shadowstat.com posts the (adjusted) government unemployment statistics (and many other...) that show what the unemployment rate is when the 'discouraged workers' (those out of work 12 months or longer) are folded back into the system and counted... as the older methodology that was used before 'discouraged' was excluded from the numbers first in the LBJ admin. Counting 'discouraged' along with the other (more recently) unemployed shows a CURRENT U.S. unemployment rate of 11.4%, I believe.