Comments on: State Unemployment Data: 7 States Now With Historical High Unemployment Rate. Michigan 22.8 Percent Unemployment Rate (U-6) with Official Government Data. http://www.mybudget360.com/state-unemployment-data-7-states-now-with-historical-high-unemployment-rate-michigan-228-percent-unemployment-rate-u-6-with-official-government-data/ Investing ideas for preserving wealth in a fluctuating market. Thu, 29 Jul 2010 14:34:27 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: makesenseofit http://www.mybudget360.com/state-unemployment-data-7-states-now-with-historical-high-unemployment-rate-michigan-228-percent-unemployment-rate-u-6-with-official-government-data/comment-page-1/#comment-7926 makesenseofit Tue, 19 May 2009 00:27:42 +0000 http://www.mybudget360.com/?p=777#comment-7926 Our standard of living is definitely in a free fall. The average wage is decreasing at an alarming rate. In order to compete with China we need to become a third world country unike we have ever seen. The bottom feeders will be eating out of garbage dumpsters in the distant future if a cure is not found for the negative devastation economically in this country. Our standard of living is definitely in a free fall. The average wage is decreasing at an alarming rate. In order to compete with China we
need to become a third world country unike we have ever seen.
The bottom feeders will be eating out of garbage dumpsters in the distant future if a cure is not found for the negative devastation
economically in this country.

]]> By: VicinSea http://www.mybudget360.com/state-unemployment-data-7-states-now-with-historical-high-unemployment-rate-michigan-228-percent-unemployment-rate-u-6-with-official-government-data/comment-page-1/#comment-7874 VicinSea Sun, 17 May 2009 16:08:48 +0000 http://www.mybudget360.com/?p=777#comment-7874 Very soon, we are going to have to drop this system of analyzing our worker base. This government formula is out of date and gives a false sense of sustainability. The real number of people out of work and underemployed is closer to 60% in Michigan and about 40% across the US but the number that really counts is the US Labor Market which is the number of jobs available in the US--currently about 135 Million. 135 Million workers to support 325 Million people living in the US (including about 15 Million illegals. Every worker is supporting themselves and 1.4 other people Picture a single mom with 1.4 kids and you can get an idea of the quality of life to expect under these conditions. The current governmental system of artificially moving people off the unemployment numbers to other categories(like full time student, retired or disabled) doesn't fix the problem of the record low number of jobs available to support everyone in the system. Right now we need about 27 Million new jobs just to balance the ratio and about 50 Million Jobs to ensure growth and stability. And, those jobs have to be primarily people who make things--paper shuffling will not help our trade deficits and debt. The 3 Million jobs created so far is barely a drop in the bucket towards filling that need. Very soon, we are going to have to drop this system of analyzing our worker base. This government formula is out of date and gives a false sense of sustainability. The real number of people out of work and underemployed is closer to 60% in Michigan and about 40% across the US but the number that really counts is the US Labor Market which is the number of jobs available in the US–currently about 135 Million. 135 Million workers to support 325 Million people living in the US (including about 15 Million illegals. Every worker is supporting themselves and 1.4 other people Picture a single mom with 1.4 kids and you can get an idea of the quality of life to expect under these conditions.

The current governmental system of artificially moving people off the unemployment numbers to other categories(like full time student, retired or disabled) doesn’t fix the problem of the record low number of jobs available to support everyone in the system.

Right now we need about 27 Million new jobs just to balance the ratio and about 50 Million Jobs to ensure growth and stability. And, those jobs have to be primarily people who make things–paper shuffling will not help our trade deficits and debt. The 3 Million jobs created so far is barely a drop in the bucket towards filling that need.

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