"More Americans than ever worked only partial days in November as the deepening recession prompted companies to cut full-time employment."
" The number of Americans saying they worked part-time last month due to economic reasons -- either because their hours were cut or they couldn’t find full-time jobs -- surged to 7.32 million, the most since records began in 1955, from 6.7 million in October, the Labor Department reported today."
"Counting part- timers who would prefer full-time work, as well as discouraged workers who are no longer looking for jobs, the jobless rate would have jumped to 12.5 percent from 11.8 percent in October. "
Posted by osubucks30 on :
This is why the way the government does the numbers it is nearly impossible to get t 10%. Not the same way they did it in the 80's. They got to make the data look better. Posted by jgrecoconstr on :
Count me in. I've only been working a couple days a week and very shortly that is going to disappear also.
Posted by Propertymanager on :
...and that 12.5% number doesn't include the tens of millions of lazy deadbeats that would never even think of working, let alone look for a job.
Real unemployment is certainly far in excess of 20%.
Posted by Peaser on :
Many Nucor employees have been cut back to a three day work week. That would stink, trying to raise a family on three days worth of wages.
Posted by a surfer on :
I just had a client call Fri. and suspend building of their new 7500 sq. ft. house slated to start in Feb.
They are waiting 6 months min. to let this recession play itself out.
He let me know that he has lost over 10 million in his portfolio over the last 14 months. Poor guy. LOL
Posted by Peaser on :
Part of the problem also, is that these steel companies are still charging inflated prices for steel.
Posted by Peaser on :
quote:Originally posted by a surfer: I just had a client call Fri. and suspend building of their new 7500 sq. ft. house slated to start in Feb.
They are waiting 6 months min. to let this recession play itself out.
He let me know that he has lost over 10 million in his portfolio over the last 14 months. Poor guy. LOL
Kinda sounds like my uncle...
Although his home was built 10+ years ago. I enjoy visiting down there, as I get to play The Orchard's private golf course for free. Better than that, I get to spend time with family.
![[Roll Eyes]](rolleyes.gif)
![[Big Grin]](biggrin.gif)
Better than that, I get to spend time with family.