Quote:
Originally Posted by pj67coll
And in AZ it's around 20 percent plus. That article indicates why intellectuals are so remarkably irellivent in this discussion.
To put it bluntly. The stinking rich might be able to stop having heart attacks over their portfolios but that doesn't mean dick to the country as a whole.
- Peter.
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The actual reported unemployment for AZ is 9.7% for 8/10. The estimates of "total unemployment" are not helpful data. If you want to trend the data, you need to use numbers that can be verified. Employment is a useful indicator, and I agree that the "recovery" will not really start moving until unemployment gets back to about 5%. As we can see, the markets will continue to flounder until investors are confident that the recession isn't coming back too soon.