| US unemployment hits 10.2%. The highest it has been since 1983. |
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US unemployment hits 10.2%. The highest it has been since 1983.
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| US unemployment hits 10.2%. The highest it has been since 1983. |
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United States
As you guys were heading for a major depression like you had in the thirties, it is amazing that is is only 10.2% Don't worry, you Republicans may get your wish, the depression is still a possibility.
Canada is headed for a major depression as well - this is not an unique US experience.
Canadian unemployment rises to 8.6 percent
(AFP) – 23 hours ago
OTTAWA — The Canadian unemployment rate rose to 8.6 percent in October, the first rise in two months, as the economy shed 43,000 part-time jobs, official data showed Friday.
Statistics Canada said the rise in the jobless rate from 8.4 percent in September resulted from job losses that were "all in part time."
The data was worse than the 8.5 percent jobless rate most analysts had anticipated.
And the job losses were unexpected. Analysts had projected that the economy had created 10,000 jobs last month, after the creation of 31,000 jobs in September.
The rising unemployment rate comes as Canada struggles to emerge from recession amid the global economic crisis.
Since an employment peak in October 2008, the number of employees in the private sector has fallen by 4.1 percent, a faster rate of decline than the 1.6 percent drop in the public sector, the national data agency said.
Euroindicators 30.10.2009 Euro area unemployment up to 9.7% --- I guess us Europeans are wishing for a depression as well --
This comment was deleted.
[1 point] 2 years ago by deleted user ReplyNo, they aren't. Just pick the one you most agree with. You have to make a choice.
No, I don't. I don't have to choose a bad answer when a good one is not presented.
This comment was deleted.
[1 point] 2 years ago by deleted user ReplyGuess what. You both did make a choice. It's that hidden fifth option of not answering, and that's fine with me.
Oh, and let us add the last line from the article I read:
The unemployment rate lags behind economic recovery.
Yes it is all still Bush's fault. And Reagan's. And Nixon's. And EVERY President and politician who helped deregulate business in this country, reversing the gains of the New Deal. EVERY TIME one of them goes an a deregulation spree, we get a rise in unemployment.