Originally Posted By Princessjenn5795 Unemployment is finally below 9%. I am willing to bet the Republicans are freaking out a little bit. I would also bet that they will be trying to take credit for it, even though they have not a done a single thing to improve the job situation. <a href="http://www.msnbc.msn.com/id/41903404/ns/business-stocks_and_economy/" target="_blank">http://www.msnbc.msn.com/id/41...economy/</a>
Originally Posted By Labuda Yeah, I saw an article about that earlier today. WOO HOO! Lowest point in two years, I think it said, meaning it's all Obama & Co!
Originally Posted By skinnerbox Well, given all of the government programs these new Republican governors want to end or severely cut back, I doubt the unemployment rate will stay below 9% for too long.
Originally Posted By hopemax I did see comments some where that the drop is because of the extension of the Bush tax cuts. However, I would not be surprised to see it go back above 9%. Good employment news, tends to get people who had given up, and thus not counted, looking again. Since they would be "officially" unemployed again, the number would go up.
Originally Posted By A Happy Haunt I'm not sure I believe this number. I know a few ppl whose benefits ran out & are now out of luck. What about self-employed that can't collect or part-timeers that were let go? Does this count them in?
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Originally Posted By Mr Y www.dailyfinance.com/../19833935 <a href="http://articles.moneycentral.msn.com/learn-how-to-invest/The-real-unemployment-rate.aspx" target="_blank">http://articles.moneycentral.m...ate.aspx</a> That's just a few, everyone knows the number is close to 20 percent, you need to read more.
Originally Posted By fkurucz "Mr Y" is referring to the U6 rate, which includes the underemployed and those who have given up looking for work.
Originally Posted By fkurucz >>What about self-employed that can't collect<< The U3 index (the one reported in the media) is not based on the number of people collecting unemployment. The gov't polls peole and askes them of they are unemployed and actively looking for a job. If they are, then they are counte din the U3 index.
