...percentage-wise that is.
http://finance.yahoo.com/tech-ticker...cent-Overnight
During that first year it wasn't yet the "Great Depression".
And in 1930 they weren't even cooking the numbers yet like they do today.
Originally Posted by Swordsmyth
Oh yeah, our unemployment numbers are cooked. Completely cooked, fried, rolled over in batter and fried again. Unemployment numbers only account for the number of people actually collecting unemployment, it does not account for those who's unemployment has run out and they were not able to find a new job. Put the real number around 10 - 20% depending on where you live.
1776 > 1984
The FAILURE of the United States Government to operate and maintain an Honest Money System , which frees the ordinary man from the clutches of the money manipulators, is the single largest contributing factor to the World's current Economic Crisis.
The Elimination of Privacy is the Architecture of Genocide
Belief, Money, and Violence are the three ways all people are controlled
The NOV 08 jobless rate would have bolted to 8% for the month if not for the exodus of 422,000 people from the work force for any number of reasons — going back to school, retiring or simply abandoning job searches out of frustration. When people stop looking, they're no longer counted in the unemployment rate.
This means with 533K lost , but 422K removed because they have given up looking for a job are removed:
True number of UNEMPLOYED for NOV: 955,000!
HOLY SHAM-WOW Batman!
The rate was at 4.7 percent just one year ago, 6.5 percent in October.
Employment shrank in virtually every part of the economy — factories, construction companies, financial firms, accounting and bookkeeping, architectural and engineering firms, hotels and motels, food services, retailers, temporary help, transportation, publishing, janitorial and building maintenance, and even waste management. The few fields spared included education, health care and government.
The United States — already in recession for a year plus, may not be out of it until the spring of 2010 — making for the longest downturn since the Great Depression of the 1930s, economists are now saying. Recessions in the mid-1970s and early 1980s last 16 months.
Unemployment peaked at 10.8 percent in 1982, terrible but still a far cry from the Depression, when roughly one in four Americans were out of work.
That said, more pain is certainly in store. Fresh evidence of the Tsunami to Hit:
• A record one in 10 American homeowners with a mortgage was either at least a month behind on payments or in foreclosure at the end of September, the Mortgage Bankers Association reported.
• General Motors, already pleading with Congress for billions of dollars to survive the month, said it would lay off an additional 2,000 workers as it cuts shifts at three car factories starting in February due to slowing demand for GM cars.
President George W. Bush aka DUBYA, who used the word "recession" for the first time on Friday to describe the economy's state, pledged to explore more efforts to ease housing, credit and financial stresses.
"There is still more work to do," Bush said. "My administration is committed to ensuring that our economy succeeds."
Go fade into a corner forever DUBYA and take CONGRESS with you!
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Worst is over according to CNBC
Found CNBC's reporting on this matter disgusting they were talking about how 6.7 unemployment was good thing and the worst was over. Yeah that would explain why there is 20k job counts that day alone from major coporations
Cramer who was calling a prolonged recession last week changed his tune and was calling for bull market and housing prices hitting bottom (just last week he said it would not bottom till June 09)Getting the feeling that GE is trying use CNBC as a way to create a rally in the markets to save its own hide (GE capital).
todays rate is being compared to 1974... and there are more layoffs on the horizon...
Lower right corner of this table says 12.5% (U-6), U-3 is the BS number they give to the media...
Uh, how the heck do they determine who is looking and who isn't looking?
For a few days lately I actually heard a few newscasters cite the number of people collecting unemployment insurance, not the "percentage unemployed."
I thought, "Wow. How refreshingly honest."
"Any fool can make a rule, and any fool will mind it." - Henry David Thoreau
To draw unemployment, at least here in Texas, you must provide 3 places of employment where you submitted a resume or sought work. You do this on a bi-weekly schedule. Failure to do so and you drop from the system for the following time frame.
For one reason or another, 422,000 individuals, who had previously filed for unemployment, dropped from the system during the month of November. Had they not done so, the unemployment number for November would have risen to 7% instead of the 6.7% which was reported.
Theoretically, the government could drop "unemployment" toward 0% by not extending, or eliminating, unemployment compensation. As people drop from the system, then unemployment falls, solving the problem.
Very GOOD Catch! Just goes to show yah, the blatant manipulation of the government! German Propaganda Minister Josef Goebbles would be proud of the parity in presenting numbers.
Another Psychological broadcast by the 4th branch of government (MSM) Very apparent, GE/NBC/CNBC and affiliates are playing to the government's dictation that this is all psychological across America. I presume CNBC's advertisers are cutting their expeditures with CNBC and many have stop... take your pick of the 2 reasons... to feed CNBC mouths OR to feed CNBC mouths! CNBC lies, lies lies... yeah!...Worst is over according to CNBC
Found CNBC's reporting on this matter disgusting they were talking about how 6.7 unemployment was good thing and the worst was over. Yeah that would explain why there is 20k job counts that day alone from major corporations
WE NEED TO TRICK & FOOL THE SPENDERS & DEBTORS to RUN UP SPENDING & DEBT!
Many on RPF have exposed what Jim "CRAPSHOOT" Cramer is all about! Cramer is a liar, a manipulator, a TV hack... he's been wrong SO MANY TIMES... I'm surprised he's not part of the UNemployment line... Then again... he's aVery Very Good PUPPET to the true MASTERS!Cramer who was calling a prolonged recession last week changed his tune and was calling for bull market and housing prices hitting bottom (just last week he said it would not bottom till June 09) Getting the feeling that GE is trying use CNBC as a way to create a rally in the markets to save its own hide (GE capital).
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Last edited by HOLLYWOOD; 12-06-2008 at 12:58 PM.
The American Dream, Wake Up People, This is our country! <===click
"All eyes are opened, or opening to the rights of man, let the annual return of this day(July 4th), forever refresh our recollections of these rights, and an undiminished devotion to them."
Thomas Jefferson June 1826
Rock The World!
USAF Veteran
Sorry , i don't know how to link things, but on web site "321 GOLD " there is a great article named "The markets classic fall crash patterns " by BOB HOYE, very interesting......
Got you covered...
http://www.321gold.com/editorials/hoye/hoye120608.pdf
Thanks, but i still don't know you did it .......
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