Comments on: The Real Unemployment Rate Hits a 68-Year High

By: Economic Roller Coaster « Oneilius's Blog

Economic Roller Coaster « Oneilius's Blog — Wed, 12 Jan 2011 22:18:12 +0000

[...] highest it’s been in a long time (the actual level[9] varies,[10] depending on whom you ask[11]), this should worry us. Bernanke indicated he doesn’t expect unemployment to improve until [...]

By: Retired at 24

Retired at 24 — Wed, 15 Sep 2010 18:04:41 +0000

The real unemployment is close to 23%. Their are at least 25 to 30 million Us workers unemployed or underemployed as of September 15 2010.

By: Antonio

Antonio — Fri, 27 Aug 2010 22:06:03 +0000

And how all that people manage to eat?. Here, in Spain, we have an unemployment rate of 19%, but we also have a wellfare that hardly exist in USA. Do they steal, live on charity, do they really work, but illegally and they are counted as unemployed?.

By: Jeff Luds

Jeff Luds — Tue, 08 Sep 2009 21:04:29 +0000

The “real” unemployment is merely putting perspective on the “official figures”. Many countries also have changes their ways of “measuring” unemployment over the years so its not apples and oranges.

At the end of the day what counts though is the reality and the reality is unemployment is real and severe.

By: Jason

Jason — Tue, 08 Sep 2009 16:18:37 +0000

Strange how the “real” unemployment rate is all of a sudden important now. When the “official” unemployment rate was 10.8% in 1982, what was the “real” rate then? After all, the numbers not being counted today…underemployed and those who have stopped looking…weren’t counted in 1982 either. The author seems to want to compare apples to oranges and come off as having made rational, logical conclusions.

By: Tim Norris

Tim Norris — Sun, 12 Jul 2009 21:46:55 +0000

I read the accounts of expected economic collapse with sadness. It could all have been avoided had better economic control with previous growth rates and emphasis to move us away from an oil-based economy. As Olduvai theory states, it can be that an industrialized economy based on limited fossil fuels and attempting exponential economic growth evventually collapses. The desperate attempt by the USA to invade Iraq and Iran to requisition oil reserves there only keeps this exponential growth continuing a little further, but does not solve the underlying problem.

Population control is a very important issue but not properly addressed; we need controlled population reduction by stirct control within society. We need emphasis on conservation and energy efficiency. We need emphasis on alternative sustainable energy systems. We need emphasis on maintain the sustainable quality of food producing areas of the World.

The fact is, because of aggressive competitive nature of human mental function, we lack the ability to coordinate on a World scene to the extent necessary to save the situation. This means that fractal catastrophic collapse of our economic system is indeed very possible, even if most people are in a state of denial of such a possibility.

Entropy is reduced when there is easy access to energy flow to create order. When that energy flow dimineshes, the state of entropy within the World increases. This is a fundamental law known from thermodynamics. What we are experiencing especiall in the USA is an increase in entropy as the USA spirals to choas. This was known to President Bush and colleagues who pressed desperately to access by invasion the cheap oil in Iraq and Iran. The problem for President Bush et al., and now President Obama, is that the gamble of invading Iraq and potentially invading Iran has not paid off in time to save the US economy. Families behind the Federal Reserve (e.g. the Bildenburgs and Roschilds) who really control the World via economics have manipulated the US industrial-military complex to their own benefit. The collapsing US economy is not perhaps to their liking although these families make their money from war and conflict (e.g. selling armaments from Lockheed Martin). Their gold assets will be be worth a lot for buying up assets once the US dollar has become worthless in a wave of hyperinflation. This allows these families to strive yet harder to invade the Middle East for its oil reserves. However, when the oil is finally depleted and the US economy collpases, so does the wealth of these wealthy oligarchy families behind the Federal Reserve. If these families had any sense, they would support the endeavours to renewable sustainable energy systems remote from oil, and would participate in a peaceful manner to have an organied non-brutal reduction in the World population. This is our only hope.