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First recorded activity by BoatBanter: Dec 2008
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Default 'Real' Unemployment Rate: 13% +


"hk" wrote in message
m...
http://www.bls.gov/news.release/empsit.t12.htm


I guess then the clock is ticking for callign this a depression.

http://en.wikipedia.org/wiki/Depression_(economics)

All that remains is to decide how long is prolonged? 2 months, 6 months, a
year or two? So at what point do we call this a depression?

Amazing how history repeats itself. The governments first kick is always to
try to spend out of it and never works. Then they cut back, still does not
work. Then someone says leave more money in tax payers pockets and 6-12
months later it works.


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