12 reason unemployment is going to top 12%

Is the recent 0.2% drop in unemployment from 10.2% to 10.0% just a fluke, or is it the beginning of a trend?

This guy is betting we see 12.0%.

4 Responses to “12 reason unemployment is going to top 12%”

  1. Fred Z Says:

    Forget the reported rates.

    The real trend is that the USA will never again have honest reporting of, or accurate information on, employment rates. Contract work, piece-work, non-reporting, false reporting, cash payments, payments in kind, swaps, etc. etc.

    I hope you are not so foolish as to believe current employment statistics from, say Europe. The UK maybe, the rot is not so deep, but the continent has not had honest reporting of employment, or anything else taxable, in a hundred years.

  2. Michael Says:

    I remember Gibbs saying the administration would take credit of the naturally occurring summer jobs. Maybe Obama will take credit for Christmas.

  3. Fred Z Says:

    I forget to say:

    I call it rot, but is it? Is in moral or immoral to lie to a rapacious bully who would kill and eat your children, on a whim, for a snack, even though already a fat, bloated pig? I refer of course to “the Government”. The USA was founded on the concept that not only should one lie to that bully, but one should kill him if necessary.

    Somewhere there is supposedly a study, done in the seventies that Naples businessmen paid taxes on n shiploads of leather goods exported and yet oddly enough the port of Naples recorded 2.2n shiploads of leather goods leaving the port.

    Stupid Neapolitans, forgetting to bribe the port officials.

  4. Steve Says:

    The Onion and I beg to differ, its the available labor rate that has risen to 10%