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Initial jobless claims drop, but continuing claims rise {Daily Finance}
Jul 9th 2009 6:34PM You are only considered unemployed if you are receiving unemployment. This is the criteria that allows for the lowest possible unemployment numbers. Remember the current admin controls the labor department, whoever is currently in office deems it best to have the lowest numbers possible, so it works for both parties.
If you actually try to figure out real numbers from the government you have to do a lot of research as they put out many “measures” of unemployment. The best number to use is called “U6”. While still understating the real number it is as close as you can get from government sources. It can track TWICE as high as the “normal” measure during the deepest recessions. In other words the current (aprox. 10% number) could actually be as high as 20% when uncounted unemployed, underemployed, marginally employed, illegals etc. are factored in.
J.D. Power North American airline study says traditional airlines suck {Gadling}
Jul 8th 2009 1:45PM "Employees in other industries are just beginning to get a taste of that now. I feel for them, but frankly, they're newbies."
Did you just beam to Earth or something!!! Ever heard of the steel industry, the tire industry? Auto workers have been giving back on every contract since 1979! It is just politically incorrect to say anything good about union workers. You white collar workers were the ones who told us blue collar workers we were worthless, lazy, scum working for wonderful, talented people and we just wanted a free ride. After having the tire industry and foundry industry close around me I am now a consultant with a M.S. making tons more money for doing very little.
It is indeed enjoyable watching the shoe on the other foot. What’s the matter sunshine, view not too good from this side of the fence? Tough!!!
