If you use the U30 (30 day rate counting only those actively looking for work) the unemployment rate looks pretty good. If you use the employment rate it looks disastrous..By the employment rate we have double digit unemployment and more people than at any time since the 1930’s are now out of work.Food stamps participation is at an all time high. Unemployment benefit recipients likewise are at a high not seen since the 60’s.The economy is in shambles. The only bright spot is the speculative markets due to their liquidity (ie., stocks, commodities, etc.). So, the rich who can play get richer, the Middle Class struggles at best, and the poor are locked out of the market..Meanwhile the boy who would be emperor plays golf and takes vacations.
If you use the U30 (30 day rate counting only those actively looking for work) the unemployment rate looks pretty good. If you use the employment rate it looks disastrous..By the employment rate we have double digit unemployment and more people than at any time since the 1930’s are now out of work.Food stamps participation is at an all time high. Unemployment benefit recipients likewise are at a high not seen since the 60’s.The economy is in shambles. The only bright spot is the speculative markets due to their liquidity (ie., stocks, commodities, etc.). So, the rich who can play get richer, the Middle Class struggles at best, and the poor are locked out of the market..Meanwhile the boy who would be emperor plays golf and takes vacations.