Parsad Posted September 6, 2009 Share Posted September 6, 2009 In line with our past assumptions regarding the economy, larger and larger numbers of food stamp users are those that remain statistically employed, but have had their hours or hourly rates cut back. The numbers continue to be very shocking. There will be no consumer lead rebound. Cheers! http://www.ft.com/cms/s/0/c1e698a2-9984-11de-ab8c-00144feabdc0.html?nclick_check=1 Link to comment Share on other sites More sharing options...
arbitragr Posted September 6, 2009 Share Posted September 6, 2009 Well unemployment is 10% ... at least 90% of the population are working. ;) Link to comment Share on other sites More sharing options...
Zorrofan Posted September 6, 2009 Share Posted September 6, 2009 Well unemployment is 10% ... at least 90% of the population are working. ;) Actually, that's wrong. 10% of the workforce is unemployed, not everyone else is working (i.e students, retired people). When you factor in individuals who have stopped looking (i.e. given up) and dropped out of the workforce along with the number of people who are working but have had their hours reduced unemployment is closer to 16%. (sorry I can't find the link right now but will post it later if I can find it). In some states, California for example, the number is closer to 20%. Then there is the CRE mess to deal with, ARM mortgages starting next year, all in all, it should be interesting! cheers Zorro Link to comment Share on other sites More sharing options...
Zorrofan Posted September 6, 2009 Share Posted September 6, 2009 Here is one link.... http://seekingalpha.com/article/160188-unemployment-casts-a-long-shadow-over-economic-recovery cheers Zorro Link to comment Share on other sites More sharing options...
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