[ale] Off topic - And now, Arizona

[Greg Freemyer]

On Sun, Jul 11, 2010 at 6:02 PM, Jim Kinney <jim.kinney at gmail.com> wrote:
>
>
> On Sun, Jul 11, 2010 at 5:24 PM, Greg Freemyer <greg.freemyer at gmail.com>
> wrote:
>>
>> On Sun, Jul 11, 2010 at 2:04 PM, Jim Kinney <jim.kinney at gmail.com> wrote:
>> <snip>
>> > We have nearly 10% unemployment. That sounds
>> > scary. We have better than 90% employment. That's great!
>>
>> 90% of what?
>
> if 10% is unemployed the rest must be employed or not looking.
>
> Yes it's wildly inaccurate. I was trying for a "see the bigger picture"
> process. The assumption is "of the people wanting to work, nearly 10% are
> unemployed so the other 90% must be employed".
>
> I'm well aware of the numbers that aren't visible, people who are no longer
> eligible for unemployment are no longer counted as "unemployed" (I think).
>
> It sucks and there's no end in sight as long as people aren't getting hired
> faster than people are getting laid off.
>
> The last time we had a mess this bad it took WWII to really end it.

Early Reagan years according to:

http://www.miseryindex.us/urbyyear.asp

He went for lots of private sector R&D spending and lower taxes.  It worked.

Greg