Jobs Report

[Lostplanet22]

mrstickball said:

Lostplanet22 said:

Kasz216 said:
Oh jeez.... what's even more depressing is...

Unemployment going down has NOTHING to do with people going to work. It went down from 10.1% to 9.3% because people gave up looking for jobs.

The jobs added actually aren't even keeping up with population growth...

http://www.dailyfinance.com/2011/07/06/hard-facts-america-economic-recovery/

Yeah USA needs a job growth of 200.000-300.000 jobs a months on average ofcourse to atleast stabilize the 'real unemployed number'

Real unemployment number is around 17%

And at the same time still no measure for the debt:

As of June 29, 2011, the Total Public Debt Outstanding of the United States of America was $14.46 trillion and was approximately 98.6% of calendar year 2010's annual gross domestic product (GDP) of $14.66 trillion.^[2][3][4] Using 2010 figures, the total debt (96.3% of GDP) ranked 12th highest against other nations

Things like this are why I am working as hard as I can to crash-proof my life.

And by crash-proof, ensure that I and my family can survive even in the worst of times through self-sustained living and targeted investments that can't be effected by the government.

Well hope your money does not only exist only off Dollars, an default of the USA is a possibility and I know that sounds very negative and one year ago laughable but today people see it as an reasonable possibility. My money is now divided in 8 different Currencies.

If this was not a bad situation for the USA and the World this would be an very fascinating situation. I am really amazed.  One year ago on Economic forums you had those big threads where the community was divided between one side predicting today's situation and an other one seeing it as negative bullshit or totally believing the government would take measures...  the last days the forums are not divided anymore..never in my ten years I am follwing Economic forums and reading them I saw this kind of situation gives me goosebumps;.