Talk of The Villages Florida - View Single Post - Unemployment
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Old 08-03-2012, 10:42 AM
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Default Unemployment

The more you read about this problem the more depressing it becomes. Just read a US NEWS AND WORLD REPORT article and the LENGTH of time of those unemployed is startling.

.....UE rate was 10% in 2009 and fallen to 8.3% BUT the labor MARKET has gotten worse and continues to do so.

.....The average length of unemployment is at 38.8 weeks, and it has been stuck near or above 40 for over a year. In 2006 the length was about 17 weeks and even when it was 10% the average was 27.6 weeks.

.....In 1982 when unemployment was at 10.8% the average length of unemployment never exceeded 21.8 weeks.

Bottom line, stimulus programs etc are NOT going to solve our problem. We need a fresh look at this because it is very depressing.

I link the article below and really think anyone who is concerned should read it not to depress yourself but to realize we need a fresh approach to this problem. It is getting worse no matter what the published numbers are saying.

A Better Economy May Not Fix The Jobless Problem - US News and World Report