Topic: Unemplyment at least 50% how world will look like then ? - page 7. (Read 1206 times)

Self employment and self empowerment should rather be the focus other than the so called unemployment rate that will never get solved once and for all. So far the self employed are partly holding global economy compared to the public sector. This unemployment rate taking over half the population is alarming but how about creating empowerment programs to help reduce the stats

It is really hard to imagine a country with 50% unemployment rate, it means that out of 2 random people you meet on the street one is likely employed and the other one is not. What happens to the tens of million unemployed people? The government will have to increase welfare and take care of them. All the free money that the government brings into the market should keep prices stable I would expect. A price drop of 80-90% for all goods seems very unlikely, because all the money in the economy doesn't just disappear with rising unemployment. It is just a new distribution of capital, the rich 1% and all the big corporations will hold most of the money. With half of the country not working I don't think they will be happy about where their money meant. We should see the rise of more extremist leftist politicians who will take away the money from the rich and distribute among the poor.

Unemployment at least 50% in usa at least so how THE wprld world will look like ?
Definately all prices will 80-90%down

Unemployment means he is free without the need to work according to structured rules.

Unemployment at least 50% in usa at least so how THE wprld world will look like ?
Definately all prices will 80-90%down

Unemployment at least 50% in usa at least so how THE wprld world will look like ?
Definately all prices will 80-90%down

Unemployment at least 50% in usa at least so how THE wprld world will look like ?
Definately all prices will 80-90%down

US Jobless Rate Unchanged for 3rd Month
The US unemployment rate was unchanged at 3.6 percent in May of 2022, the same as in the previous two months, remaining the lowest since February 2020 and compared with market expectations of 3.5 percent. The number of unemployed people increased by 9 thousand to 5.950 million, while employment levels rose by 321 thousand to 158.426 million. Meanwhile, the labor force participation rate edged up to 62.3 percent in May from a 3-month low of 62.2 percent in April

I think it's a hypothetical question. He wants to know how things will be then.


If there is 50% unemployment in the US, it is likely that there will be a lot of civil unrest. The cost of living will likely rise as well, as more people compete for fewer resources.
There would be widespread poverty, social unrest, and economic instability.

Just wondering, where do you get that data that Unemployment is at around 50% in the US?

I have been unemployed for a couple of years, but I am even doing much better financially than when I was employed, to an extent that I don't think I will ever apply for any form of formal employment.

Does that mean I am fucked? Nope.

Just wondering, where do you get that data that Unemployment is at around 50% in the US?

Unemployment at least 50% in usa at least so how THE wprld world will look like ?
Definately all prices will 80-90%down

There are about 60,000 eligible households in the sample for this survey. This translates into approximately 110,000 individuals each month, a large sample compared to public opinion surveys, which usually cover fewer than 2,000 people. The CPS sample is selected so as to be representative of the entire population of the United States. In order to select the sample, all of the counties and independent cities in the country first are grouped into approximately 2,000 geographic areas (sampling units). The Census Bureau then designs and selects a sample of about 800 of these geographic areas to represent each state and the District of Columbia. The sample is a state-based design and reflects urban and rural areas, different types of industrial and farming areas, and the major geographic divisions of each state.

Every month, one-fourth of the households in the sample are changed, so that no household is interviewed for more than 4 consecutive months. After a household is interviewed for 4 consecutive months, it leaves the sample for 8 months, and then is again interviewed for the same 4 calendar months a year later, before leaving the sample for good. As a result, approximately 75 percent of the sample remains the same from month to month and 50 percent remains the same from year to year. This procedure strengthens the reliability of estimates of month-to-month and year-to-year change in the data.

Each month, highly trained and experienced Census Bureau employees contact the 60,000 eligible sample households and ask about the labor force activities (jobholding and job seeking) or non-labor force status of the members of these households during the survey reference week (usually the week that includes the 12th of the month). These are live interviews conducted either in person or over the phone. During the first interview of a household, the Census Bureau interviewer prepares a roster of the household members, including key personal characteristics such as age, sex, race, Hispanic ethnicity, marital status, educational attainment, veteran status, and so on. The information is collected using a computerized questionnaire.

Each person is classified according to their activities during the reference week. Then, the survey responses are "weighted," or adjusted to independent population estimates from the Census Bureau. The weighting takes into account the age, sex, race, Hispanic ethnicity, and state of residence of the person, so that these characteristics are reflected in the proper proportions in the final estimates.

A sample is not a total count, and the survey may not produce the same results that would be obtained from interviewing the entire population. But the chances are 90 out of 100 that the monthly estimate of unemployment from the sample is within about 300,000 of the figure obtainable from a total census. Relative to total unemployment—which ranged between about 7 and 15 million over the past decade—the possible error resulting from sampling is not large enough to distort the total unemployment picture.

1. Does anyone in this household have a business or a farm?

2. Last week, did you do any work for (either) pay (or profit)?
If the answer to question 1 is "yes" and the answer to question 2 is "no," the next question is:

3.Last week, did you do any unpaid work in the family business or farm?
For those who reply "no" to both questions 2 and 3, the next key questions used to determine employment status are:

4. Last week, (in addition to the business) did you have a job, either full or part time? Include any job from which you were temporarily absent.

5. Last week, were you on layoff from a job?

6. What was the main reason you were absent from work last week?
For those who respond "yes" to question 5 about being on layoff, the following questions are asked:

7. Has your employer given you a date to return to work?
If "no," the next question is:

8. Have you been given any indication that you will be recalled to work within the next 6 months?
If the responses to either question 7 or 8 indicate that the person expects to be recalled from layoff, he or she is counted as unemployed. For those who were reported as having no job or business from which they were absent or on layoff, the next question is:

9. Have you been doing anything to find work during the last 4 weeks?
For those who say "yes," the next question is:

10. What are all of the things you have done to find work during the last 4 weeks?
If an active method of looking for work, such as those listed at the beginning of this section, is mentioned, the following question is asked:

11. Last week,, could you have started a job if one had been offered?
If there is no reason, except temporary illness, that the person could not take a job, he or she is considered to be not only looking but also available for work and is counted as unemployed.