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August 7, 2010

Sorta funny how it got to 9.5% and just sorta stayed there, isn't it?

The Real Unemployment Rate: Is It 9.5%, 16.5%, 22%, or Higher? - DailyFinance

Raghavan Mayur, president at TechnoMetrica Market Intelligence, follows unemployment data closely. So, when his survey for May revealed that 28% of the 1,000-odd households surveyed reported that at least one member was looking for a full-time job, he was flummoxed.

Posted by Vanderleun at August 7, 2010 8:09 PM. This is an entry on the sideblog of American Digest: Check it out.

Your Say

Can the press be sued for malpractice?

Posted by: Jewel at August 7, 2010 8:25 PM

I don't care if they can be sued. I'm wondering when we get to use a flamethrower on them.

Posted by: vanderleun at August 7, 2010 8:31 PM

Yeah, why bother suing the bastards. Beheading them doesn't seem to work, either.

Posted by: Jewel at August 7, 2010 8:47 PM

They will be reporting unemployment lines when they are about to be in them, or when there is a Republican President.

Posted by: james wilson at August 8, 2010 10:39 AM

Sorta funny how it got to 9.5% and just sorta stayed there, isn't it?

Seriously. Week after week we get news about fresh layoffs and "unexpected" job losses, etc. Occasionally we get some goobideegah in quotes from an "expert" 'splainin to us stoopids how it is that the official rate can stay constant while the country is bleeding jobs.

Now, if we were to put such officials in a dunking stool on the banks of the Potomac and keep submerging them unitl they get it right, maybe we'll have a definitive answer.

Posted by: Don Rodrigo at August 8, 2010 1:58 PM

Our politicians and civil service are a little more subtle about it over here in the UK. Over here, they carefully refrain from exerting proper control over various types of sickness and disability benefits, while encouraging huge numbers of 18-21 year old people (aimed at 50%, currently) into higher education and various other training schemes, and also almost forcing 16-18 year olds into higher school of one form or another. Needless to say, students and the disabled are not included in the unemployment figures.

Posted by: Fletcher Christian at August 9, 2010 2:31 AM

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