That's great, it starts with an earthquake, birds and snakes, an aeroplane and Lenny Bruce is not afraid. Eye of a hurricane, listen to yourself churn - world serves its own needs, dummy serve your own needs. Feed it off an aux speak, grunt, no, strength, the Ladder start to clatter with fear fight down height. Wire in a fire, representing seven games, and a government for hire at a combat site. Left of west and coming in a hurry with the furys breathing down your neck. Team by team reporters baffled, trumped, tethered cropped. Look at that low playing. Fine, then. Uh oh, overflow, population, common food, but it'll do to Save yourself, serve yourself.
Nonfarm payroll employment fell sharply (-533,000) in November, and the unemployment rate rose from 6.5 to 6.7 percent, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. November's drop in payroll employment followed declines of 403,000 in September and 320,000 in October, as revised. Job losses were large and widespread across the major industry sectors in November.
bls.gov
Unemployment is only 6.5%? Rejoice! At least this is not another Great Depression. In the Great Depression the unemployment rate was as high as 25% (Great Depression: Causes).
World serves its own needs, listen to your heart bleed dummy with the rapture and the revered and the right, right. You vitriolic, patriotic, slam, fight, bright light, feeling pretty psyched.
What? The definition of unemployment has changed over time? The current Bureau of Labor Statistics U-6 (Broad Measure of Unemployment) was almost 12% before the latest job losses, and, accounting for changes in definitions shadowstats puts the current unemployment rate at about 16% before the latest losses.
The SGS Alternate Unemployment Rate reflects current unemployment reporting methodology adjusted for SGS-estimated "discouraged workers" defined away during the Clinton Administration added to the existing BLS estimates of level U-6 unemployment. shadowstats (scroll down for their unemployment graph)
Jobs? Who needs jobs? Certainly not Detroit:
Bottom Line: The average priced house in Detroit ($19,448) is cheaper than the average price new car ($22,650).
Detroit: Cheaper To Buy A House Than A New Car
But don't worry, they have a plan:
A freeman became a serf usually through force or necessity. Sometimes freeholders or allodial owners were intimidated into dependency by the greater physical and legal force of a local baron. Often a few years of crop failure, a war or brigandage might leave a person unable to make his own way. In such a case a bargain was struck with the lord. In exchange for protection, service was required, in payment and/or with labor. These bargains were formalized in a ceremony known as "bondage" in which a serf placed his head in the seigneur's hands, parallel to the ceremony of "homage" where a vassal placed his hands between those of his lord. Serfdom
It's the end of the world as we know it.
It's the end of the world as we know it.
It's the end of the world as we know it and I feel fine.
R.E.M. - It's The End Of The World
It is not the end of the world. But it is the end of the world as we know it. Except maybe, just maybe, if we can draw a line in the sand and start by saving some jobs and creating some new jobs.
Update (h/t Scarce):
A record one in 10 American homeowners with a mortgage were either at least a month behind on their payments or in foreclosure at the end of September as the source of housing market pressure shifted to the crumbling U.S. economy. ...
Job losses are already having an impact in rising delinquency rates for traditional 30-year fixed rate loans made to borrowers with strong credit. link