Friday, July 3, 2009

Bloomberg Video - Economic Expectations - Unemployment Rate May Reach 15%




Tice Sees U.S. Depression, Says Jobless Rate May Top 15%: Video
July 2, 2009 17:45 EDT
http://www.bloomberg.com/apps/news?pid=n....

July 2 (Bloomberg) -- David Tice, chief portfolio strategist at Federated Investors, talks with Bloomberg's Matt Miller and Kathleen Hays about the outlook for the U.S. economy. Tice also discusses today's report showing U.S. employers cut more
jobs than forecast in June, the government's response to the financial crisis and the outlook for stocks. (Source: Bloomberg)
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Welcome to the looney bin, David. You will no doubt regret the day you told the truth.

Bloomberg has a little leeway...MSM, not so much. Good Luck!
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U-6 Total unemployed, plus all marginally attached workers, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all marginally attached workers...
June 2009: 16.8 %
NOTE: Marginally attached workers are persons who currently are neither working nor looking for work but indicate that they want and
are available for a job and have looked for work sometime in the recent past. Discouraged workers, a subset of the marginally attached,
have given a job-market related reason for not looking currently for a job. Persons employed part time for economic reasons are those
who want and are available for full-time work but have had to settle for a part-time schedule. For more information, see "BLS
introduces new range of alternative unemployment measures," in the October 1995 issue of the Monthly Labor Review. Updated population
controls are introduced annually with the release of January data.

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