{"id":1866,"date":"2009-12-07T11:50:32","date_gmt":"2009-12-07T16:50:32","guid":{"rendered":"https:\/\/dwan.org\/?p=1866"},"modified":"2020-04-30T21:21:56","modified_gmt":"2020-05-01T01:21:56","slug":"real-numbers","status":"publish","type":"post","link":"https:\/\/dwan.org\/index.php\/2009\/12\/07\/real-numbers\/","title":{"rendered":"Real numbers"},"content":{"rendered":"\n<p>Here&#8217;s a nugget from one of the finance blogs I follow <a href=\"http:\/\/globaleconomicanalysis.blogspot.com\/2009\/12\/are-you-unemployed.html\">Global Economic Analysis<\/a>:<\/p>\n\n\n\n<p><em>The official unemployment rate is 10.0%. However, if you start counting all the people that want a job but gave up, all the people with part-time jobs that want a full-time job, all the people who dropped off the unemployment rolls because their unemployment benefits ran out, etc., you get a closer picture of what the unemployment rate is. That number is in the last row labeled U-6.<\/em><\/p>\n\n\n\n<p><em>It reflects how unemployment feels to the average Joe on the street. U-6 is 17.2%. Both U-6 and U-3 (the so called &#8220;official&#8221; unemployment number) are poised to rise further although most likely at a slower pace than earlier this year.<\/em><\/p>\n\n\n\n<p>That&#8217;s right kids &#8211; We&#8217;ll round it to &#8220;one out of six people is feeling the hurt, big time.&#8221;<\/p>\n\n\n\n<p>The solution is *not* for bankers to start taking profits again.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Here&#8217;s a nugget from one of the finance blogs I follow Global Economic Analysis: The official unemployment rate is 10.0%. However, if you start counting all the people that want a job but gave up, all the people with part-time jobs that want a full-time&hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[50,65],"tags":[],"class_list":["post-1866","post","type-post","status-publish","format-standard","hentry","category-economics","category-the-great-recession"],"_links":{"self":[{"href":"https:\/\/dwan.org\/index.php\/wp-json\/wp\/v2\/posts\/1866","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dwan.org\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dwan.org\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dwan.org\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dwan.org\/index.php\/wp-json\/wp\/v2\/comments?post=1866"}],"version-history":[{"count":1,"href":"https:\/\/dwan.org\/index.php\/wp-json\/wp\/v2\/posts\/1866\/revisions"}],"predecessor-version":[{"id":1867,"href":"https:\/\/dwan.org\/index.php\/wp-json\/wp\/v2\/posts\/1866\/revisions\/1867"}],"wp:attachment":[{"href":"https:\/\/dwan.org\/index.php\/wp-json\/wp\/v2\/media?parent=1866"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dwan.org\/index.php\/wp-json\/wp\/v2\/categories?post=1866"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dwan.org\/index.php\/wp-json\/wp\/v2\/tags?post=1866"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}