General Discussion

tritsofme

(19,897 posts)

9. The unemployment rate will probably edge back toward 9% before the election.

Mon Dec 19, 2011, 12:47 AM

Dec 2011

Most of the recent decrease can be attributed to people leaving the labor force. As conditions improve and they reenter the labor force the unemployment rate will likely rise.

I have seen statistics saying that the U3 unemployment rate would be closer to 11% if the labor force participation was held constant at 2008 levels, that shows there is a lot of slack in the current number, and further declines shouldn't be expected, and could even be a negative development.

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This was the month by month unemployment rate from nov 83 to nov 84 [View all] dsc Dec 2011 OP

Well, ProSense Dec 2011 #1

It could well be worse dsc Dec 2011 #2

That was back in the days when we still made stuff pscot Dec 2011 #3

The ProSense Dec 2011 #4

actually there was a bit of a jump for Mondale in July dsc Dec 2011 #5

That's ProSense Dec 2011 #6

He had a 15 point jump dsc Dec 2011 #7

OK ProSense Dec 2011 #8

The unemployment rate will probably edge back toward 9% before the election. tritsofme Dec 2011 #9

Well, ProSense Dec 2011 #10

The trend is actually flat Yo_Mama Dec 2011 #13

It ProSense Dec 2011 #14

I don't think that graph means what you say it means Yo_Mama Dec 2011 #17

Yeah - and there's hidden unemployment Yo_Mama Dec 2011 #11

If it's Romney, you're absolutely right. boxman15 Dec 2011 #12

Didn't Reagan borrow and spend his way out of that recession? JDPriestly Dec 2011 #15

that and he cut interest rates hugely dsc Dec 2011 #18

Obama needs to bash their faces in rhetorically coming out of the break. ellisonz Dec 2011 #16

I completely disagree with you. bluestate10 Dec 2011 #19