Users Online Now:
Donate To GLP
Back to Forum
Back to Thread
REPLY TO THREAD
THE ECONOMY & YOU # (Daily Updated Videos & Articles)
Ms Sans Serif
In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.
[quote:RoXY:MV8xNTc4NDI2XzM0Mjc4ODU2Xzk0OTZFRTFF] [b] Trick or Treat Jobs Report: Towards a Protracted Great Depression. Nearly 25 million Americans jobless.[/b] By Stephen Lendman November 03, 2012 Friday’s headline number belies dire economic reality. Main Street’s in protracted Depression. Nearly 25 million Americans are jobless. Real unemployment approaches 23%. On November 6, Americans vote. Neither candidate proposed ways to create jobs. Obama’s done more to destroy them than create them. Hours worked and income gains were missing in Friday’s report. Average weekly hours for production and non-supervisory workers declined 0.3%. Weekly manufacturing hours dropped by the same amount. So did average weekly earnings. Aggregate weekly hours represents total labor input. It edged up a meager 0.1% for private sectors workers. At the same time, it fell that amount for production and non-supervisory ones. Doing so shows weakness, not strength. Unemployment duration rose to 40.2 weeks. It represents a 10-month high. Moreover, recently laid off workers are hard-pressed to find jobs. Hardest hit are African Americans, Latinos and 20 – 24 year olds. Sandy’s impact is also adverse. Expect income and spending to suffer. So will job creation. Most affected homeowners have no flood insurance. During hard times, their ability to rebuild and recoup is hampered. One economist assessed conditions this way. Don’t mistake headline jobs figures for economic health. Productivity, top and bottom line erosion signify decline, not growth. [b]CONTINUE: http://www.globalresearch.ca/trick-or-treat-jobs-report-towards-a-protracted-great-depression-nearly-25-million-americans-jobless/5310515[/b] [/quote]
Economic Armageddon and You
Wondering about the American economy? This animated video explains inflation, stagflation, recession and more, all in 5 minutes.
NB: UPDATES AT LAST PAGE
Pictures (click to insert)
Big Round Smilies
Aliens and Space
Friendship & Love
Misc Small Smilies
View All Categories
Next Page >>
Disclaimer / Copyright Info
with questions or comments about this site.
"Godlike Productions" & "GLP" are registered trademarks of Zero Point Ltd. Godlike™
Website Design Copyright © 1999 - 2017 Godlikeproductions.com
Page generated in 0.004s (3 queries)