Skip to main content

Unemployment rate in Double Digits

The U.S. Unemployment rate at last hit double digits.

This is certainly interesting to see for a non-economist that the economy has started growing again but companies are still shedding employees and the unemployment rate is growing.

In fact, a story in today's New York Times states that the broader measure of unemployment stands at 17.5% ...

In a country as fiercely individualistic as the United States, one can only imagine the effect this must be having on the people there.

Remaining unemployed for prolonged periods of time will tend to diminish one's sense of self-worth and self-confidence.

I can say that from personal experience.


Popular posts from this blog

Longforms and 'Best of 2017' Lists and Favorite Books by Ashutosh Joglekar and Scott Aaronson

Ashutosh Joglekar's books list. Scott Aaronson' list

Savita Bhabi

Well, it seems the Government of India is up to its usual censoring ways ... It's not as bad as what the Chinese are doing in battling Google. The Internet is awash in pornography and the feeble attempts of the Govt. of India won't be able to stem the tide. The Govt. should merely restrict itself to ensuring that there's no child pornography or trafficking of humans. There are problems galore for the Govt. to worry about as it is ...