Will We Ever See 5% Unemployment Again?

[DemocratSinceBirth]

8% ?

7% ?

6% ?

[Skittles]

1. not until we get a president who works for WE THE PEOPLE

[Write Left]

2. Yeah, but first they have to get the wages down far enough to compensate.

[Wounded Bear]

3. Maybe if you're under 40....

I'm 58. I don't expect to see it before I kick. And since the Repubs are in office, I expect to lose years of possible life expectancy, since I will have to work longer and harder for less for the rest of my life.

Cynical? Sad? Depressing?

Yep.

Reality?

It sure looks like it.

[high density]

4. Now that we have extended the tax cuts for the rich I'm sure they'll pump out a shitload more jobs

Just like they've been doing. Right?

[laconicsax]

6. Exactly! Just like the 4.5 million jobs created under *.

What? That's 4.5 million jobs lost? :banghead:

[provis99]

5. sure; the government will redefine unemployment until the numbers look good.

Every administration does this.

[Raschel]

7. According to the Bernanke interview," between the peak and the end of last year we lost 8 &1/2

million jobs. We've only gotten about a million of them back so far. And that doesn't even account the new people coming into the labor force. At the rate we're going, it could be four, five years before we are back to a more normal unemployment rate, somewhere in the vicinity of say five or six percent."

That sounds very ominous to me, especially since we don't have the jobs we used to have. If he says four or five, I would guess longer than that.

[Statistical]

8. If we do it will be a long time.

The federal reserve upper limit projection is for a 1.2% decline in U3 in 12 months and 2.1% decline in 24 months.

That is >7% likely 8% in 2012.

Of course that is the high projection. The low projection is about half that. :(

It could be >6% unemployment by the end of Obama term ..... his second one.

[pansypoo53219]

9. when we go back to clinton tax rates.

it might get better than 5%. that's bush territory. gee, i think it was 2% during clinton.

[mmonk]

10. Our corporate gods prefer built in unemployment. It is leverage

for lower wages.

[madrchsod]

11. maybe in ten years

[Imagevision]

12. I agree, possibly in 8-10 years...

[Hannah Bell]

13. In 20 years, at this pace of job creation.

Job growth improves, but pace leaves full employment 20 years away
Heidi Shierholz
November 5, 2010

http://www.epi.org/publications/entry/job_growth_improves_but_pace_leaves_full_employment_20_years_away

[bemildred]

14. Not unless the government makes it happen.

Don't believe any fairy stories.

[kenny blankenship]

15. The Imperial Govt of the United States doesn't do bodycounts, keep figures on collateral damage

or care if the unemployment rate is really 17%.

[Selatius]

16. Here's your answer: Nobody on Wall Street gives a shit. They own Congress. nt

[Imagevision]

17. welkl don't forget this "New World Order" thing is already in play...