Unemployed

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PhotobucketIt has been declared that health care must be deficit neutral; and Social Security, Medicare, and other entitlements must be cut or they will destroy the country.   Yet, somehow, there is always ample money for bank bailouts, wars, and tax cuts.  

So as Washington pisses away trillions of our dollars, millions of Americans are experiencing a financial crisis unprecedented by anything since the Great Depression.   And just like Katrina, they are being left to fend for themselves.  

 

The official measure of unemployment is U-3 and only includes all underutilized jobless persons who are available to take a job and have actively sought work in the past four weeks.

Six alternative measures of labor underutilization are available on a monthly basis for the United States as a whole. They are published in the Bureau of Labor Statistics’ monthly Employment Situationnews release.  The six state measures are based on the same definitions as those published for the U.S. and are defined as follows:

U-1: persons unemployed 15 weeks or longer, as a percent of the civilian labor force;

U-2: job losers and persons who completed temporary jobs, as a percent of the civilian labor force;

U-3: total unemployed, as a percent of the civilian labor force (this is the definition used for the official unemployment rate);

U-4: total unemployed plus discouraged workers, as a percent of the civilian labor force plus discouraged workers;

U-5: total unemployed, plus discouraged workers, plus all other marginally attached workers, as a percent of the civilian labor force plus all marginally attached workers; and

U-6: total unemployed, plus all marginally attached workers, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all marginally attached workers.

Here are the alternative measures of labor underutilization by state, fourth quarter of 2008 through third quarter of 2009.

Michigan registered the highest 4-quarter average rates for all six measures, including an unemployment rate of 12.6 percent and a U-6 of 20.9 percent. The states with the next highest unemployment rates were Oregon, 11.2 percent; Rhode Island, 10.7 percent; South Carolina, 10.6 percent; and California, 10.4 percent. North Dakota recorded the lowest rates for all six measures,  1.1 2.1 3.9 4.1 4.6 7.5



People are losing their homes and filing bankruptcy in record numbers.   The state welfare offices are unable to keep up with the influx of people who have run out of unemployment, savings, health care, home, family, and friends.  

Why is it that the peoples’ programs and safety nets are over regulated and nickle and dimed to death, while the war lords and bankers have full and unregulated access to all of our money and credit cards?

crossposted

26 comments

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    • dkmich on November 25, 2009 at 10:34 pm
      Author

    They want to look at programs, are fascinated by Michigan, and want to know if we have any issues or concerns.  Boy, am I going to give them an earful.  

    • TMC on November 25, 2009 at 11:31 pm

    that the middle class and the increasing number of unemployed has been put on the back burner by the Obama demonstration. They have revised “trickle down” economics and brought into the 21st century. Great essay, dk. Congrats of the “wreck” list “wreck” at dk. (tipped and “wrecked” there 😉 )

  1. you figure in all the barely scraping by or not scraping by at all freelancers / small business owners?  

    • Inky99 on November 26, 2009 at 12:51 am

    You cannot touch the rich.  It might DESTROY the economy if they have to pay their way, and if they are not constantly bailed out from their failures.

    Tax anything BUT the rich.

    How much more of this bullshit are we supposed to put up with?

  2. real live gal named Minnie the Moocher. She was a red-hot hootchie-cootcher (which means she knew how to be bought)

    She had her town house and racing horses

    Each meal she ate was a dozen courses

    She had a million dollars worth of nickels and dimes

    and she sat around and counted them a billion times

    It is believed she learned her skills in the offices of the Capitol Building; you give a little bit and then you get something back. Works like a charm and it’s depression proof; one of the oldest professions around. You just have to make some nice speeches and get the suckers back home to scratch a mark next to your name: You know, tell em

    what they want to hear every 2 and 6 years.

    • dkmich on November 26, 2009 at 12:38 pm
      Author
  3. community. We have no choice. The too bigs do not and never will offer jobs that you can live off of. They have ceased to be relevant and were on our own. Hard to get off the grid you feel is your society but I think any change we create is the only change were going to get. South America is a good example. NO is another where they have had to rebuild community level. People are resourceful. They just need to quit looking to the centralized squids on humanities face for relief. don’t mean to diminish the hardships of those trapped in this horror show but I really thing the too bigs are going to fall and it’s best to take what you need. Take what you have gathered from coincidence.

         

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