The Real Unemployment Picture

By
Services for Real Estate Pros with TheHousingGuru.com

While politicians keep telling us that the unemployment picture is improving, a quick look at the numbers for home, auto, and retail sales, as well as the consumer confidence index paints a different picture. With millions of unemployed and millions more underemployed, we may be bleeding jobs less rapidly, but we’re far from being “on track.”

 

Take a look at the following graphs from Calculated Risk; they paint the real unemployment picture, a stark portrayal of how far we’ve fallen and how far we have yet to go.

graph of unemployment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

graph of unemployment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The Housing Guru: The expert source for all your housing questions

close

Re-Blogged 1 time:

Re-Blogged By Re-Blogged At
  1. Steve Hoffacker 09/05/2010 04:13 AM
Topic:
ActiveRain Community
Groups:
Politics And Real Estate
Dedicated Bloggers
The Ninety-ninth Percentile
Celebrating Free Enterprise
Voice of Reason
Tags:
recession
unemployment
housing crisis
economic crisis

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainer
191,456
Jon Budish
Resident Realty - Fort Collins, CO

Yet the regime continues to try and convince us they've made progress toward recovery?

Sep 04, 2010 07:26 AM #1
Rainmaker
455,517
John Mulkey
TheHousingGuru.com - Waleska, GA
Housing Guru

Jon - Perhaps they haven't seen the graph--or won't look.  BTW I somehow missed my "summer of recovery."  Did you get yours?

Sep 04, 2010 07:32 AM #2
Rainer
437,789
Terry Chenier
Homelife Glenayre Realty - Mission, BC

John,

I didn't see any improvement. Early spring was OK, but it's dead now. I may hang it up and do a business start-up.

Sep 04, 2010 06:33 PM #3
Ambassador
2,462,592
Steve Hoffacker
Steve Hoffacker LLC - West Palm Beach, FL
Certified Aging In Place Specialist-Instructor

John,

Thank you for showing this. The feds can't produce jobs but everyone thinks they can. We need lower regulation and more confidence in the economic stability of this country - that the feds can do. :)

Steve

Sep 05, 2010 04:11 AM #4
Rainmaker
522,122
Mike Carlier
Lakeville, MN
More opinions than you want to hear about.

Netanyahu needs to come to America and facilitate peace talks between the White House and the business community.  Of course, there should probably be a cease fire before talks begin.

Sep 05, 2010 04:23 AM #5
Rainmaker
455,517
John Mulkey
TheHousingGuru.com - Waleska, GA
Housing Guru

Terry - While we have more long-term unemployed and more total unemployed than at any time since the Great Depression, I'm amazed that so little has been done to address the problem.

Steve - Few have confidence at this point.

E.J. - A "Cease Fire" is definitely in order.

 

 

Sep 05, 2010 08:35 AM #6
Rainmaker
756,687
Thom Abbott
MyMidtownMojo.com |770.713.1505 | Intown Atlanta GA Condo Living - Atlanta, GA
Midtown Atlanta GA Condos For Sale

John...you always tell it like it is.....even if we don't want to hear it! This news makes wanna crawl under a rock!

I hope we see light at the end of the tunnel soon.....

It was great to see you at Social Media Breakfast.

Sep 05, 2010 02:04 PM #7
Rainmaker
455,517
John Mulkey
TheHousingGuru.com - Waleska, GA
Housing Guru

Thom - The news isn't anything to fear, just to understand and proceed accordingly. Always good to see you, but if you crawl under a rock, I may never find you :  ) 

Sep 05, 2010 02:55 PM #8
Ambassador
890,780
Lane Bailey
Century 21 Results Realty - Suwanee, GA
Realtor & Car Guy

The government can't "fix" the problem... especially when the solution is more about getting out of the way than about creating more red tape and "programs"... 

Sep 05, 2010 02:59 PM #9
Rainmaker
455,517
John Mulkey
TheHousingGuru.com - Waleska, GA
Housing Guru

Lane - They are far from coming to that understanding, and will keep "tweaking" in an effort to either get it fixed or destroy it altogether.

Sep 05, 2010 03:03 PM #10
Ambassador
2,462,592
Steve Hoffacker
Steve Hoffacker LLC - West Palm Beach, FL
Certified Aging In Place Specialist-Instructor

John,

Congratulations. This post is now featured on "Celebrating Free Enterprise. " :)

Steve

Sep 08, 2010 10:17 AM #11
Rainmaker
57,834
Dave Woodland
Signet Mortgage - Bend, OR
Your Bend, OR Friendly, Knowledgable Mortgage Professional

John, again  - Jobs are the key! 

Here is that 2012 update on UNemployment and UNDERemployment:  

http://activerain.com/blogsview/2810804/thirteen-definitions-you-need-to-know-when-talking-about-u-s-unemployment-

Hoping your market is seeing some turnaround. Not feeling it yet here.

Feb 06, 2012 08:30 PM #12
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
455,517

John Mulkey

Housing Guru
Ask me a question
*
*
*
*
Spam prevention