Real Unemployment Situation: Approximately 26,000,000 Unemployed or Underemployed. Job Growth in $10 per Hour Jobs while $20 per Hour Jobs Disappear.
On Friday, we learned that the unemployment rate jumped to 9.4 percent from last month’s 8.9 percent. The BLS data surveys 160,000 businesses and government agencies that affect roughly 400,000 people so the data does cover a large portion of Americans and gives us a good sample size. The markets were largely moving sideways on […]
Credit Card Debt Obsession: Americans Unwilling to Give up Plastic. Bankruptcies and the Credit Card Addiction.
The banking crisis with mortgages at the center, has taken much of the economic headline news over the past two years. Yet there is a brewing problem in the credit card markets. Credit card debt is now becoming another bubble itching to burst. The meteoric rise in bankruptcies is simply a reflection that Americans have […]
Depression Level Unemployment: 40 Percent Unemployment in the U.S.? Top 12 MSA Unemployment Regions Located in California. The Only 2 MSA Regions with 20 Percent Unemployment Exist in California.
Statistics have a way of being cold and unsympathetic to the plight of the numbers they represent. That is why when we hear that our national unemployment rate is 8.9 percent, there is little cause for alarm from the headline. Yet when we parse the data we realize that 25,000,000 Americans are unemployed or underemployed […]