Unemployment rate hits 8.1%, 650k jobs lost in Feb.

It seems to me that no one is taking this recession as seriously as it needs to be taken. Millions of people have lost their jobs in the last 4 months (yes, I do mean MILLIONS), and there is no end in sight. The unemployment rate has jumped to 8.1%, the highest it's been since 1983. The stocks just hit 12 year lows, with the Dow Jones falling well below 7,000.

Yet here I turn on the television and what do I see on MSNBC: "Michael Jackson's Comeback: Singer set to play 10 live concerts in London this July!"



I am beginning to want this collapse. The more I see, the more I want it to happen. Maybe then we will finally rise to our feet and say

"I'm mad as hell, and I'M NOT GOING TO TAKE IT ANYMORE!!!"


Jobless rate bolts to 8.1%

Guardian.co.uk article

It's actually even worse. The government plays around with the numbers by dropping "marginally attached" workers. It makes for easier politics if you sweep the unemployed under the rug -- but people in areas of really high unemployment, the masses are starting too catch on. To get an idea of where we're really at, check this site out:

www.shadowstats.com...

As you can see, we're somewhere between 15% and 19%, and almost certainly at the highest level since the Great Depression. This is well-known by the talking heads at CNN, Fox News, and CNBC. They don't tell us because they don't want people to freak.

Mainstream media is worthless.

Unemployment rate in Reno-Sparks area jumps to 11 percent

The terms “worrisome” and “brutal” were used to describe the number of jobless Nevadans in January, which rose to levels not seen since 1983 as the recession put one in nine in Washoe County’s workforce out of a job, the state reported Friday.

I'm one of these people. There are jobs out there but there are so many applicants that the chances of getting the job are the same as they would be if you didn't apply. This is really starting to worry me, I may have to move out of Reno. My girl friend is the only one working right now and despite my countless hours of online and on foot job seeking nothing has payed off. Not even an interview. And I'm a well qualified individual.

reply to post by projectvxn


Sorry to hear that projectvxn. I just heard on the radio, an county school here in Florida got 700 applicants for a janitor's job vacancy. Don't move anywhere unless you have a solid job offer, it may not be any better in another state and at least you're with friends (and family?) there.

reply to post by mythatsabigprobe


Just me and the Girl. We're not exactly underwater but one income won't cut it for long. Things are falling apart, and it is extremely obvious in Reno. There are entire strip malls empty, casinos are shutting down. Even Vegas has casinos on their way out. Big ones. There's not much in the way of industry here, it's all based on disposable income. And when that dries up we're done.

Yeah I am really surprised that they would even sugar coat the numbers like that anyway. Isn't their job to promote the fear and unrest among the general population?

Anyway for this job crisis were having, I would suggest trying to get a job at a private company, it might not pay as much, but from what I can see these are the places that have been least hit by the recession.

My businesses have taken a little bit of hit with the cost of things rising and spending is down among the big companies I service, but I haven't had to resort to laying off any of my workforce yet, I don't intend to either, even if I have to dig in my own pockets and pay them unemployment myself.

I'm sorry to hear about your predicament, I'm sure something will come up eventually, but sometimes we have to drop our standards in order to get up on that ladder. I remember being fresh out of University, degree in hand, and still I had to work at McDonald's for almost a year before finding a job in my sector. It was demeaning, but it kept food on the table.

I wish everyone the best of luck in these times of hardship. It's sad to say that it seems things will have to get worse before they get better, but they will get better, we're a strong people.

~Keeper

Nearly 700,000 in each of the last two months alone?

Some states are already well into the double digit unemployment rate.

If you include the longer term unemployed the actual national unemployment rate is already well into the double digits.

It can only get worse, industries are laying off, shutting down, small businesses are going under as credit becomes harder to obtain.

There are no surprises here.

The government spending plan will not help the private sector, and that is where jobs are made. The massive bailouts of financial institutions will only help the ultra rich and likely worsen things for private sector. There is no stimulus in the stimulus plan.

Barack Obama said that the American people will know the plan it working when is "creates or saves four million jobs" ... in reality those are all government jobs.

Prepare for chaos, revolt, violence, unless they can halt this rapidly falling economy.


[edit on 7-3-2009 by Walkswithfish]