And there’s nothing in today’s job market report—163,000 payroll jobs added in July (172,000 private sector jobs added and 9,000 government jobs lost) and a higher unemployment rate (8.3 percent official rate, and 15 percent when taking into account involuntary part-time work and people who want a job but have given up looking)—to indicate anything other than we’re in the midst of the Second Great Depression.
Chart of the day
Posted: 3 August 2012 in UncategorizedTags: chart, Second Great Depression, unemployment, United States
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[...] traditional manufacturing jobs have been outsourced from the United States. And unemployment remains high in the midst of the Second Great Depression. But individual capitalists, like the [...]
As usual, so informative and definitely practical information Chart of the day « occasional links & commentary!
Excellent..