Just When You Thought Things Were Getting Better
Comes this quite depressing list of economic statistics by David Rosenberg reprinted in MSN Money
• Forty-five million Americans (one in seven) are on food stamps.
• One in seven is unemployed or underemployed.
• The percentage of those out of work defined as long-term unemployed is the highest (42%) since the Great Depression.
• 54% of college graduates younger than 25 are unemployed or underemployed.
• 47% of Americans receive some form of government assistance.
• Between 2007 and 2010, median family net worth fell nearly 40%, while median inflation-adjusted incomes before taxes fell nearly 8%.
Nearly four years after the Lehman Brothers collapse, this does not make for a pretty picture. And I abbreviated the list in an act of weekend mercy.Tags: jobs