Countdown to Financial Armageddon
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Countdown to Financial Armageddon
Tracking the final days of the debt bubble
Curated by Nick Laight
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Scary chart of historical long-term US unemployment

Scary chart of historical long-term US unemployment | Countdown to Financial Armageddon | Scoop.it

Just look at how many in the US have been out of work for a year or more. Scary!


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U.S. 'misery index' rises to highest since 1983

An unofficial gauge of humanmisery in the United States rose last month to a 28-year highas Americans struggled with rising inflation and highunemployment.  The misery index -- which is simply the sum of the country's inflation and unemployment rates -- rose to 13.0, pushed up by higher price data the government reported on Wednesday.

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Better Get Used To It! Bernanke Says: Long-Term Unemployment a 'National Crisis'

Better Get Used To It! Bernanke Says: Long-Term Unemployment a 'National Crisis' | Countdown to Financial Armageddon | Scoop.it

Federal Reserve Chairman Ben Bernanke said Wednesday that long-term unemployment is an American "national crisis" and suggested that Congress should take further action to combat it.

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On verge of new world recession! Why employment could take 5 years to return to pre-crisis levels

On verge of new world recession! Why employment could take 5 years to return to pre-crisis levels | Countdown to Financial Armageddon | Scoop.it

The global economy is on the verge of a new and deeper jobs recession that may ignite social unrest, the International Labour Organization warns. It will take at least five years for employment in advanced economies to return to pre-crisis levels, it said.

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UK unemployment could top 3million for first time since 1980s as inflation rises

UK unemployment could top 3million for first time since 1980s as inflation rises | Countdown to Financial Armageddon | Scoop.it

Employers who hung on to workers during the 2008-2009 recession will want to swing the axe should the economic weakness continue.

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"I Got Me The Great Correction Blues!" Country Music and Economic Woes

"I Got Me The Great Correction Blues!" Country Music and Economic Woes | Countdown to Financial Armageddon | Scoop.it

Known for tackling some of life's grittier issues, among them loss, poverty and nostalgia, modern country music is focussing on the effects of economic woes.

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