If Atlanta, Georgia has highest number of unemployed people in 25 years...

B

ByLoSellHi

....now, what does that portend for this time next year?

Where are jobs going to come from?

Can anyone name a significant source of employment aside from the federal government, that not only will not be laying off more people, but will be creating positions anytime soon?

Is a 12% unemployment rate in the U.S. within 18 months out of the realm of possibility?
 
I do think 12% is within the realm of possibility 18 months from now.

I could see this thing getting to 12-15% before it's all said and done.
 
Quote from clacy:

I do think 12% is within the realm of possibility 18 months from now.

I could see this thing getting to 12-15% before it's all said and done.
More...

The government will never be honest with the people, but I would expect that private sources such as Trim Tabs will confirm that by mid 2010, peak unemployment will be near 20%.

This is not a 70's recession compounded by government stupidty, this is a reorgnization of world economies, compounded by government stupidity and outright dereliction.
 
how are you going to make money off a 20% unemployment

why the fuck do you guys talk all this b.s. for.


Quote from lrm21:

The government will never be honest with the people, but I would expect that private sources such as Trim Tabs will confirm that by mid 2010, peak unemployment will be near 20%.

This is not a 70's recession compounded by government stupidty, this is a reorgnization of world economies, compounded by government stupidity and outright dereliction.
More...
 
Quote from tradersboredom:

how are you going to make money off a 20% unemployment

why the fuck do you guys talk all this b.s. for.
More...

They probably mean U-6 not U-3. I think everyone expects U-6 to hit something close to 20%. No one really bothers with U-3, the official talking heads unemployment number.
 
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