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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010)

RoyGBiv

(1000+ posts) Send PM | Profile | Ignore

Fri Dec-05-08 06:58 PM
Response to Original message

12. Robert, Robert, Robert ...

Have you forgotten so much?

Perhaps I'm picking ... well, no, I know I'm picking, but this is a former Secretary of Labor for pity's sake.

The current U6 rate, which is what he's talking about when he writes "I'd estimate that the percentage of Americans who need work right now ..." is 12.5%

The BLS publishes this statistic themselves. It's available online. Sheesh.

http://www.bls.gov/news.release/empsit.t12.htm

And, no, it's not a depression yet. We can call it that if we like, and it certainly looks to be headed there, but it's not there yet.

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