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Watch the growth of unemployment by county/geographic region from Jan 2007 through Sept 2009. This isn't U6 so it could have been even worse. Do our "rulers" even have a notion of what this means, let alone a plan?
It's doubtful village's permanent elite cares about popular unemployment. The banksters are doing very well. Executive compensation remains strong, the bribes campaign funding is flowing into the right pockets, and the incumbency return rate is still over 80%. Village life has returned to normal--what reason do any of those people have to care what's happening in the real world?
Socialism for the permanent elite and survival of the fittest for the rest of us. Social Darwinism prevails!
Update: 10:29pm There are some villagers upset. Here's what happened at the WTO meeting in Geneva:
The WTO is discussing the world economic crisis. Thoughtful of them, isn't it?
Look at Alabama vs Mississippi and Tennessee. Look at South Carolina vs Georgia and North Carolina. Look at the Texas-Louisiana border.
Something is wrong with the data. States are clearly reporting some of the component numbers differently.
And I presume the conventional use of "non-farm employment" has to do with the low numbers in the great plains.
This isn't meant to take away from the larger post, but rather to point out that these numbers, as "official" as they are, are clearly subject to some kind of variation in their formulation. Which is unhelpful.
While Alabama begins with better looking numbers, it ends looking almost exactly like Mississippi. Same with the rest of the states you mention. East Texas is worse off than Central Texas, but I think that's accurate.
The whole thing looks like time-lapse photography of mold consuming an orange.
I did inhale.
It's like one of those old Disney documentaries - except in this case the time lapse is a nightmare. Be nice if somebody in power gave a damn but they don't care, they don't have to.
...significant expansion of the labour force prior to the downturn "factored out" - longitudinal data on respondents, specifically focusing on whether they're getting just enough employment to keep the labour force numbers pumped up, rather than sliding out of the market. Be very interesting to know what the churn is in the unemployment stats.
“The absence of any US-Iran bilateral channel...may have the perverse effect of reinforcing Iranian interest in progressing in the nuclear realm so that the US will be forced to take it seriously and engage it directly." ~ Richard Haass
This is a nice way to look at proportional advances in joblessness based on the official numbers. At the same time, there's always the U6 figures, which I suspect didn't lend to the same graphic representation. Check this out. It's a continually updated site that has href="http://www.shadowstats.com/imgs/sgs-emp.gif">U3, U6
This is the official versus U6 versus author's estimates:
...replicate it, but always come up short - haven't been able to find a definitive description of how they construct their adjustment and how it compares with the BLS estimates. My intuitive sense is that it's a useful "very high bound" estimate that helps bring in some sense of under-employment.
More germane to my original point, the steeper slope on the U6 measure (compared to the U3) might imply that there's more churn going on in the U6, helping keep the labour force numbers "pumped up" higher than they have historically been in these types of reversals, but to really establish this I'd have to spend a goodly amount of time wading through numbers that I just don't have right now and I don't have enough familiarity with the American figures to know how reasonable a theory it is on the face of it. Call it a possible hypothesis for now, I guess.
but one category is people that took early retirement that would have preferred to continue working. I suspect he also figures a percentage of intentionally false or misleading data, courtesy of our government.
The ruling class doesn't care and until the vast majority of citizens feel real pain and hunger, nothing will change.
The Marxist concept of deepening the contradictions until revolution--violent, electoral, or ideological--happens is extremely dubious. Things can always get worse with no prospect for improvement.
What the public wants doesn't matter. A solid majority of the public wanted 'Medicare-E' single payer health reform. The village was more interested in helping the insurance industry hit its executive compensation targets. Medicare-E didn't happen; mandates did. The village wouldn't notice, or care, if half the population was starving.
Even if half the population were starving, a sizable chunk of the public would argue that the real problem was lack of faith in Jesus and not kleptocratic elites. Prosperity theology is a very, very effective social control scheme.
Things are not going to get better and Americans are not revolutionary, in fact our culture has spent the last 350 years or so excising that kind of behavior from the lower economic classes making them into little more than lambs. Lambs only know how to run to the trough when someone opens a bag of feed and are easily led to slaughter.
We need a NATION WIDE STRIKE for Real healthcare reform
I will officially be on this map Jan 1. I was given a taxi ride home on Nov. 2 (I had a company van)but paid until Dec 31. The on to EDD but I'm one of the lucky ones there's a buy out for me it's not much but I have Real Low Overhead. I spent the last few years getting ready for that day. Oh well, back outside and to getting next years garden ready.
http://newsbusters.org/blogs/jeff-poor/2009/11/27/cnbc-s-harwood-chance-dems-pushing-another-stimulus-save-face-2010-electi
http://mauberly.blogspot.com/
The color selection adds to the drama. That said, the Bureau of Labor and Statistics should keep going up the spectrum beyond "10% or over". Michigan has an unemployment rate over 15%.
...there are far more Americans out of work than the "numbers" count! You'all need to get a grip and face the reality; we be fucked! At this point it's every man/human for their selves; unless of course you have a sense of community and actually give a shit about your fellow humans. The recovery isn't about you, me, or the other; it's about the rich bastards protecting their wealth (which got stolen from us) and just what the hell are you going to do about it? Yeah, I thought so...never mind...
Is that, with all the veterans and ex-soldiers folks who are well trained with weapon use and surviving in tough circumstances, there isn't some kind of epidemic of violence against those who are perceived to be wealthy at the expense of everyone else. For example, why aren't Wall Street execs being murdered on a daily basis? Instead, we get the Hasan types who simply go nuts and kill their buddies. Why aren't there more of the McVeigh types who have the skills and the brain to plan and execute various acts of domestic terrorism? This is what I find truly odd.
...people is an altogether more unpleasant experience than musing about it online whilst sipping one's latte. Fortunately, the average ex-soldier has a rather more developed understanding of this essential truth than the average member of the commentariat.
I suppose. My point is, what happens when the disgruntled McVeigh types have no more money to buy their coffee and things in their life become more unpleasant than it would be to plan and execute a rampage?
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