Tuesday, December 09, 2008

10 Reasons Why This Recession Will Feel Like a Minor Depression

http://www.mybudget360.com/

This site has a lot of good facts and graphs.

Eg., a more reality-based measure of unemployment (U-6), than the official one (U-3), shows the unemployment rate at 12.5%.

So what does U-6 include that U-3 doesn’t?

(a) Marginally attached workers who currently are neither working nor looking for work but indicate that they want and are available for a job and have looked for work sometime in the past.

(b) Persons employed part-time for economic reasons but want full-time work.

(c) Discouraged works who are a subset of marginally attached. These folks have essentially given up looking for work because of the job market.

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