not good employment news

[deathb4disco]

I stumbled onto this chart yesterday. If this turns out to be correct, it's pretty dismal news.





What it's basically saying is "how fast does the economy have to grow to get us back to a 6% unemployment rate". As you can see from the chart above, the lowest growth rate that will accomplish this is 5.1%. Even then, this won't happen till the end of 2012.

Since a 4% growth rate is excellent, this does not bode well for the future.

[Fatman]

They already said on the news last night they've gone past the 10% unemployment figure already. Hope these jobs they keep talking about start showing up.

Fatman

[speckfinder]

gonna be tough times ahead

[Cane Pole]

They already said on the news last night they've gone past the 10% unemployment figure already. Hope these jobs they keep talking about start showing up.

Fatman

Haveta to see the job Czar about jobs.

I glad i don't qualify for a job.