263,000 jobs lost in September, unemployment rate at 9.8% - it looks like a depression, it smells like a depression, it is an economic depression
Tania Solanki
Oct. 2, 2009

A net loss of 263,000 jobs in the month, up from a revised loss of 201,000 jobs in August tell the real picture. The same analysts that caused their clients’ assets vanish last year, are proclaiming a new bull market. Fact of the matter is, 263,000 jobs lost in September, unemployment rate at 9.8% - it looks like a depression, it smells like a depression, it is an economic depression.

September marked the 21st consecutive month that the number of workers on payrolls has shrunk, a period during which 7.2 million jobs have been lost.

Even though many economists, including those at the Federal Reserve, have said there are signs that the economy is growing once again, Friday's jobs report shows that job losses could continue well into the recovery, limiting the strength of any economic turnaround.

The underemployment level jumped also. There is no official measure for the underemployment. A person is underemployed when he or she cannot find a job that pays market remuneration based on his or her qualifications. Unofficial underemployment rate is 65%. That means out 100 people, 75 are either unemployed or underemployed.

263,000 jobs lost in September, unemployment rate at 9.8% - it looks like a depression, it smells like a depression, it is an economic depression
Tania Solanki
Unofficial underemployment rate is 65%. That means out 100 people, 75 are either unemployed or underemployed.
READ MORE>>

Bernanke’s recipe for ‘too big to fail’ is the root cause of global economic depression of unprecedented level between now and 2020
Paula Zuba
. The borrowed cash will haunt many developed countries as they struggle between now and 2020 to pay the debt load of trillions of dollar they have wasted to put coma stricken economies on life support systems.
READ MORE>>

Chinese real estate leading the world into deep economic depression – signs from Hong Kong IPO ‘Massacre’ tells it all
Peter Oberois
The world economy is poised for a deep economic depression between now and the next twelve years. Chinese real estate sector is experiencing a classical blow off after the raw cash from stimulus money ran its bubble course.
READ MORE>>

An October Stock market crash?
Bernie Sander
The auto sales hit all the manufacturers. It’s the after effect of expired clunkers program. That says what will happen to the economy in 2010 when the stimulus will run its course.
READ MORE>>

The gauge of manufacturing unexpectedly dropped and jobless claims increased more than forecast - stocks decline as long term top is in place
Marla Guthrie
Economic depression of 2010-2020 can take Dow Jones Industrial Average below 2000 level. The long term top is in place now.
READ MORE>>

Time to buy GM stocks? GM India sales jump 50 per cent in September
Reena Nair
Those who are little daring may look at this great contrarian approach and invest in GM stocks. GM failed in North America but is doing great in China and India.
READ MORE>>

MORE ARTICLES >>