Unemployment Rate at 7.8

[Pauls' Revere]

The unemployment rate is at 7.8 percent. Is anyone bitching and moaning?

http://jobs.aol.com/articles/2013/01/04/jobs-report-unemployment-rate-economy/

Most economists expect that the U.S. economy will be held back by tax hikes this year as well as by weak spending by households and businesses, which are still trying to reduce their debt burdens.

on a side note...

Is there a currency which is backed by gold?

 

[Tpoints]

A lot of the "job growth" or slowed job loss is due to Sandy recovery.

 

[oyarde]

Unemployment numbers should start getting worse as the next months are reported, just my guess....

 

[anaconda]

As millions continue to leave the work force because there is not a job to be found, the official unemployment rate can improve. Obama could potentially achieve a 0.00% unemployment rate with just one last American working.

 

[Tpoints]

Unemployment numbers should start getting worse as the next months are reported, just my guess....

I'm with you, I just don't see how it can get better, short of creating either jobs or money out of thin air (measuring tricks don't count)

 

[cubical]

Is there a currency which is backed by gold?

No

 

[Confederate]

Is there a currency which is backed by gold?

I believe the Swiss Franc was the last to be backed by gold. It was 40% backed by gold until 2000.

 

[John F Kennedy III]

LOL. The real unemployment number is way higher than 7.8%.

 

[Tpoints]

LOL. The real unemployment number is way higher than 7.8%.

No kidding But hey, if it makes anybody feel better to see a small number, let them believe it. People who are unemployed or underemployed don't care how many others there are.

 

[Origanalist]

Sure, and I'm 29 yrs old........

 

[John F Kennedy III]

No kidding But hey, if it makes anybody feel better to see a small number, let them believe it. People who are unemployed or underemployed don't care how many others there are.

Lol right?

 

[phill4paul]

They can say what they want. The figures in <backwater>, USA don't follow.

My county..

2012 10 10·0

This is about as liberal assessment as I have seen. Well over 18% in my county. Well over.

 

[Jordan]

Should be closing in on 7.0% even by the end of the year. The trend is good!

 

[Origanalist]

Should be closing in on 7.0% even by the end of the year. The trend is good!

Oh yeah, everything is coming up roses.

 

[phill4paul]

Should be closing in on 7.0% even by the end of the year. The trend is good!

If you consider an unemployment check as being employed.

 

[TheTexan]

Should be closing in on 7.0% even by the end of the year. The trend is good!

Ya, I'm curious if when the "unemployment rate" reaches 6.5% Bernanke will raise interest rates as he said he would. If rates are allowed to go up any significant amount, excess reserves will be dumped in a hurry, spiking massive instant inflation, causing loss of confidence in the dollar, and sending us in a spiral.

The interest rates are stuck near zero I think, for the remaining life of the dollar's history.

("unemployment rate" is in quotes because its obviously a bullshit made up number)

 

[VIDEODROME]

Since 2005 the unemployment rate in Hillsdale, Michigan has ranged from 6.2% in October 2005 to 19% in July 2009. The current unemployment rate for Hillsdale is 8.4% in September 2012. See how other local areas compare by using our Unemployment Compare tool.

If the unemployment number here dropped that sharply it's because people are fleeing this county. Probably to Indiana.

As for myself I'm an unemployed College Student. I'm not looking for work because there are no jobs here. This place is an economic disaster. I need to finish school, get my stupid diploma paper, and bug out of here.

 

[Pauls' Revere]

This would never have been tolerated under a Bush Admin. Then again, the continuing of the wars wouldn't have either.

 

[oyarde]

Should be closing in on 7.0% even by the end of the year. The trend is good!

I would think more torwards 8 or 9 .....

 

[phill4paul]

I would think more torwards 8 or 9 .....

Numbers are set by the definition of those that set the formula.

If the government said tomorrow that unemployment was at 2% it wouldn't make it so. And national makes no difference when it comes to regional for an individual.