We've all heard it. The economy has "officially" recovered. Banks have more money than ever. Bank CEOs are being awarded larger salaries and more benefits by their cronies who sit on the various boards. Apparently, all this means that things are back on track and it is only a matter of time until it "trickles down" to the workers.
( New Unemployment Figures )

Yep, the new numbers are out. ( Looks like we're in for another 'jobless recovery.' )

The unemployment figures for August are now available. ( crunching the numbers )

Some may remember when I crunched the numbers for unemployment. Fresh numbers come out tomorrow, but I thought I would work with the August numbers: ( WARNING: May cause depression or outrage. )

The unemployment figures are out! Unemployment has risen to 8.1%. That, I am afraid, is the good news.

( The Really Good Depression )

I was reading the Marketplace.org website. It states the highest unemployment rate in the U.S. during the Great Depression was 25%, to be compared with the 7.2% today.

Is this a fair comparison?
Nowhere can I find how the 25% was determined. They didn't survey as they do today. The definition of being unemployed has changed. The only way to ( Read more... )