GOLD 0.51% $1,391.7 gold futures

"we will provide additional support.”’bernanke, page-21

  1. 3,906 Posts.
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    Can someone explain to me how the usa economy is getting better when there are 47 million americans on food stamps and rising every year?

    As for stopping stimulous when the unemplyment rate gets to 6.5%. Have a look at how they define unemployment.

    Question: How Is Unemployment Defined in the USA?

    Answer: Unemployment is defined as by the Bureau of Labor Statistics (BLS) as people who do not have a job, have actively looked for work in the past four weeks, and are currently available for work. Also, people who were temporarily laid off and are waiting to be called back to that job are included in the unemployment statistics.

    Those who have not looked for work within the past four weeks are not only no longer counted among the unemployed, they are also removed from the labor force by the BLS. Most people leave the labor force when they retire, go to school, have a disability that keeps them from working, or have family responsibilities. However, even people who would like to work are excluded if they aren't actively looking for work.

    The BLS does keep track of those people, though. They are separately reported in the Employment Report. Those who have looked for work within the past 12 months, but not within the past four weeks, are categorized as "marginally attached to the labor force." There is a subset of the marginally attached, those who have just given up looking because they don't think there are jobs out there for them. The BLS calls them discouraged workers, and for good reason. For this reason, many people feel that the BLS does not report the real unemployment rate.

    So going on the above what is the true unemployment figure. 11.3%

    http://www.learnbonds.com/the-true-unemployment-rate/



    If they would have just let it collapse last time we would all be better off in he long run. Much pain to come in my view.
 
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