10

Friday, 29.10.2010.

09:18

Tadić on economic recovery, Kosovo talks

President Boris Tadić said in Kragujevac 28 that he was cautious in assessing whether Serbia was out of the crisis.

Izvor: Beta

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10 Komentari

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sj

pre 13 godina

(pss, 30 October 2010 14:

First of all it is accepted that unemployment figures issued by your Department of Labor is held, shall I say, in some doubt by the financial sector of your country because they are so watered down that its laughable. I have explained numerous times on this forum of how government’s hide the actual figures by separating people on social security into various programs thus not showing them as unemployed. All western countries used this same formula.
Read the New York Post 30/10/10 by John Crudele.
Austan Goolsbee from the University of Chicago wrote an op-ed piece for The New York Times criticizing a Labor Department announcement about job growth the month before. And he attacked the idea that the country had just experienced nothing more than a mild recession.

"Unfortunately, underreporting unemployment has served the interest of both political parties," wrote Goolsbee. "The situation has grown so dire, though, that we can't tell whether the job market is recovering."

Some of your academics say that the real level is anywhere between 22% and 32%. Your total workforce is about 160 million.
The US GDP is based on many indicators, but I’ll use only one. The toxic loan business had shown that assets such as houses were highly over valued and prior to the crash homes selling in Las Vegas for $1,000 000 but were on the market for $100 000 after the big fall. Florida is another example of where the crash has devastated the housing industry – it even worse than Las Vegas. So if the value of homes fall then it affects the GDP. The only reason the US dollar is not on par with the Albanian lek is because China refuses to allow its currency to float.
If you are interested in buying some of these houses there are plenty of people that organize tours of bank repossessed homes in the US – in fact they come from as far as Australia.
“536,000 applications for unemployment in Sept” came from your valued Government not my figures. So you see these are not idle rantings, and I would not believe too much of what your government tells you – they tend to tell whoppers to cover their backside and can you imagine what would happen on the NY stock exchange if the US announced an unemployment rate of say 23%? Kaos would be putting it mildly.

AdamNYC

pre 13 godina

@sj

good lord! you are telling someone else to take a break?

endldess rants about the US...the fantastical savior role russia plays.

you quite frankly dont seem to care one bit about serbia's well being other than to cling to the nationalist rantings you have been brainwashed with.

you cant be that unintelligent not to see the benefits of the EU.

and you cant be that mindnumbingly foolish to think russia will ever do anything more for serbia other than the indignity of an occasional Loan so serbia can keep up the infrascructure that carries russian gas into the eu market.

pss

pre 13 godina

Take a break from this forum. I recognise fatigue when I see it and your postings are becoming more erratic and nonsensical.
The US does not have enough money for itself let alone anyone else. Talk about levels of unemployment – the US supposedly 9.5% or 15 million but in reality over 30% or more that 40 million and rising every month. In September 2010 alone there were 536 000 applications for unemployment assistance. The US had an economy of 14 Trillion before the GFC now it somewhere around 7 or 8 and sinking faster that a rock in a swimming pool.
The housing industry in California, Florida, Nevada, great lakes states etc are nonexistent – homes you paid $300 000 now on the market for $50 000 or $60 000.
The only people in Serbia interested in the EU are the politicians – what great benefit was there for Poland or Hungary or Bulgaria in joining the EU. Unfortunately, these countries are basket cases living off scraps that the UE throws them. Poland’s greatest industry is sending its people to work outside their country (no disrespect meant to poles at all by this comment) – it’s the same as in the Philippines.
Violence at a football match – gee that’s something new. Ask the Brits about that subject.
(sj, 30 October 2010 02:18)
Ironic you mention someones postings as erratic and nonsensical.
It would be nice if you were to post some type of proof of your rantings. Like the reality of 30% unemployment in the US.
536,000 applications for unemployment in Sept, if this were maintained for 12 months that would be about 6.5 million a year sounds high but with a population of 310 million that is a little over 2%. The US workforce is somewhere around 140 million.
Also it would be interesting how you derive that the US economy has dropped to 7-8 trillion, the latest credible estimates are still for 2009 at 14 trillion, but indicators which showed a decline in 2009 are showing increases in 2010.
http://money.cnn.com/2010/09/30/news/economy/gdp/index.htm
Also if you could please post some listings of the $300,000 homes for sale at 50-60,000 I might be interested in buying a few.

sj

pre 13 godina

The same can be said about Serbia. You ain't better dude. Every month you beg money from the EU and the US. Your unemployment is high, your inflation is sky-rocketing. You're in a sh..tty situation. Politicaly you're in the dump as well. You're threatened by the EU and the US continuously. Your progress is conditional and depends on the words of the Hague prosecutor and the whims of Netherlands. You beat up people on the streets of Belgrade, burn foreign embassies, loot shops, and they punish you for looting and causing violence in foreign countries. You're a mess.
(johny, 29 October 2010 17:52)

Take a break from this forum. I recognise fatigue when I see it and your postings are becoming more erratic and nonsensical.
The US does not have enough money for itself let alone anyone else. Talk about levels of unemployment – the US supposedly 9.5% or 15 million but in reality over 30% or more that 40 million and rising every month. In September 2010 alone there were 536 000 applications for unemployment assistance. The US had an economy of 14 Trillion before the GFC now it somewhere around 7 or 8 and sinking faster that a rock in a swimming pool.
The housing industry in California, Florida, Nevada, great lakes states etc are nonexistent – homes you paid $300 000 now on the market for $50 000 or $60 000.
The only people in Serbia interested in the EU are the politicians – what great benefit was there for Poland or Hungary or Bulgaria in joining the EU. Unfortunately, these countries are basket cases living off scraps that the UE throws them. Poland’s greatest industry is sending its people to work outside their country (no disrespect meant to poles at all by this comment) – it’s the same as in the Philippines.
Violence at a football match – gee that’s something new. Ask the Brits about that subject.

winston

pre 13 godina

I don't do any of those bad things you mentioned, or anyone I know, Johny, dude! Yes, Serbia has a long way to go, to crawl out of it's misery from the 90's, but Serbs are far more realistic where they stand. For some reason though, you Albanians always paint some picture of an independent Albanian KiM that is fake. Such a place does not exist. Johny, be honest, you cannot compare the little black hole Kosova with Serbia. It's apples and oranges. Just like I cannot compare Serbia to Germany. So stop dreaming, Johny, and roll up your sleeves and work. It's the only way out. The donations will not come forever.

johny

pre 13 godina

Koso, when you are so deep in the hole, like Kosovo is, any upward movement will monumental. Why don't you mention the 60% + unemployment, and without foreign donations, and remittances from abroad, your dreamland "Kosova" would go into economic toxic shock in a week? I guess you got caught up in the mid-term elections in the US, where exaggerations and fabrications are flying at break neck speed.
(winston, 29 October 2010 17:01)

The same can be said about Serbia. You ain't better dude. Every month you beg money from the EU and the US. Your unemployment is high, your inflation is sky-rocketing. You're in a sh..tty situation. Politicaly you're in the dump as well. You're threatened by the EU and the US continuously. Your progress is conditional and depends on the words of the Hague prosecutor and the whims of Netherlands. You beat up people on the streets of Belgrade, burn foreign embassies, loot shops, and they punish you for looting and causing violence in foreign countries. You're a mess.

winston

pre 13 godina

Koso, when you are so deep in the hole, like Kosovo is, any upward movement will monumental. Why don't you mention the 60% + unemployment, and without foreign donations, and remittances from abroad, your dreamland "Kosova" would go into economic toxic shock in a week? I guess you got caught up in the mid-term elections in the US, where exaggerations and fabrications are flying at break neck speed.

KOSO

pre 13 godina

Akim,

sorry to break it to you but let me paint you a picture of current and future outlook.

Currently: Serbian currency Dinar has depreciated about 60% since 2002. The economy is in turmoil, constantly needing EU/IMF/WB loans to prop it up. In fact a article came out recently stating in the last 9 months of 2010 almost 2bn EUR had been borrowed by Serbia. Serbia is set to grow this year 1-2% (top) and around 3% by 2011.


Kosovo on the other hand has been growing at 3-4% GPD in the last 2 years and is set to continue this trend for the next 4 years. Not to mention that since 2008 wages have increased (on average) 18 EUR/year. Another fact worth mentioning is that each year Kosovo is closing its import-export gap even though Serbia & Bosnia are embargoing all Kosovo products from entering and passing. By the time the Balkans joins the union, Kosovo will be on the same footing if not better.

Milos Obilic

pre 13 godina

The 11 people who've voted this down are either bitter Albanians or living in dreamland. Economic strength will impact on every issue facing Serbia, including retention of sovereignty over Kosovo.

Akim

pre 13 godina

At the end of the day it's still the economic power that counts. The same applies to the Kosovo issue. I think the economy, foreign investments and the fight for transparency have fallen to short and need more engagement. You don't have to agonize and argue, you simply can show the better alternative. What's wrong with a Serbian state with low unemployment rate, good payment and Kosovo Albanians coming here to find work and earn money to support their families. I think there is no better way for peace and stability than this. There is no other country in the Balkans and beyond in SE-Europe, than Serbia to fulfil that role.

Akim

pre 13 godina

At the end of the day it's still the economic power that counts. The same applies to the Kosovo issue. I think the economy, foreign investments and the fight for transparency have fallen to short and need more engagement. You don't have to agonize and argue, you simply can show the better alternative. What's wrong with a Serbian state with low unemployment rate, good payment and Kosovo Albanians coming here to find work and earn money to support their families. I think there is no better way for peace and stability than this. There is no other country in the Balkans and beyond in SE-Europe, than Serbia to fulfil that role.

KOSO

pre 13 godina

Akim,

sorry to break it to you but let me paint you a picture of current and future outlook.

Currently: Serbian currency Dinar has depreciated about 60% since 2002. The economy is in turmoil, constantly needing EU/IMF/WB loans to prop it up. In fact a article came out recently stating in the last 9 months of 2010 almost 2bn EUR had been borrowed by Serbia. Serbia is set to grow this year 1-2% (top) and around 3% by 2011.


Kosovo on the other hand has been growing at 3-4% GPD in the last 2 years and is set to continue this trend for the next 4 years. Not to mention that since 2008 wages have increased (on average) 18 EUR/year. Another fact worth mentioning is that each year Kosovo is closing its import-export gap even though Serbia & Bosnia are embargoing all Kosovo products from entering and passing. By the time the Balkans joins the union, Kosovo will be on the same footing if not better.

johny

pre 13 godina

Koso, when you are so deep in the hole, like Kosovo is, any upward movement will monumental. Why don't you mention the 60% + unemployment, and without foreign donations, and remittances from abroad, your dreamland "Kosova" would go into economic toxic shock in a week? I guess you got caught up in the mid-term elections in the US, where exaggerations and fabrications are flying at break neck speed.
(winston, 29 October 2010 17:01)

The same can be said about Serbia. You ain't better dude. Every month you beg money from the EU and the US. Your unemployment is high, your inflation is sky-rocketing. You're in a sh..tty situation. Politicaly you're in the dump as well. You're threatened by the EU and the US continuously. Your progress is conditional and depends on the words of the Hague prosecutor and the whims of Netherlands. You beat up people on the streets of Belgrade, burn foreign embassies, loot shops, and they punish you for looting and causing violence in foreign countries. You're a mess.

winston

pre 13 godina

I don't do any of those bad things you mentioned, or anyone I know, Johny, dude! Yes, Serbia has a long way to go, to crawl out of it's misery from the 90's, but Serbs are far more realistic where they stand. For some reason though, you Albanians always paint some picture of an independent Albanian KiM that is fake. Such a place does not exist. Johny, be honest, you cannot compare the little black hole Kosova with Serbia. It's apples and oranges. Just like I cannot compare Serbia to Germany. So stop dreaming, Johny, and roll up your sleeves and work. It's the only way out. The donations will not come forever.

winston

pre 13 godina

Koso, when you are so deep in the hole, like Kosovo is, any upward movement will monumental. Why don't you mention the 60% + unemployment, and without foreign donations, and remittances from abroad, your dreamland "Kosova" would go into economic toxic shock in a week? I guess you got caught up in the mid-term elections in the US, where exaggerations and fabrications are flying at break neck speed.

Milos Obilic

pre 13 godina

The 11 people who've voted this down are either bitter Albanians or living in dreamland. Economic strength will impact on every issue facing Serbia, including retention of sovereignty over Kosovo.

sj

pre 13 godina

The same can be said about Serbia. You ain't better dude. Every month you beg money from the EU and the US. Your unemployment is high, your inflation is sky-rocketing. You're in a sh..tty situation. Politicaly you're in the dump as well. You're threatened by the EU and the US continuously. Your progress is conditional and depends on the words of the Hague prosecutor and the whims of Netherlands. You beat up people on the streets of Belgrade, burn foreign embassies, loot shops, and they punish you for looting and causing violence in foreign countries. You're a mess.
(johny, 29 October 2010 17:52)

Take a break from this forum. I recognise fatigue when I see it and your postings are becoming more erratic and nonsensical.
The US does not have enough money for itself let alone anyone else. Talk about levels of unemployment – the US supposedly 9.5% or 15 million but in reality over 30% or more that 40 million and rising every month. In September 2010 alone there were 536 000 applications for unemployment assistance. The US had an economy of 14 Trillion before the GFC now it somewhere around 7 or 8 and sinking faster that a rock in a swimming pool.
The housing industry in California, Florida, Nevada, great lakes states etc are nonexistent – homes you paid $300 000 now on the market for $50 000 or $60 000.
The only people in Serbia interested in the EU are the politicians – what great benefit was there for Poland or Hungary or Bulgaria in joining the EU. Unfortunately, these countries are basket cases living off scraps that the UE throws them. Poland’s greatest industry is sending its people to work outside their country (no disrespect meant to poles at all by this comment) – it’s the same as in the Philippines.
Violence at a football match – gee that’s something new. Ask the Brits about that subject.

pss

pre 13 godina

Take a break from this forum. I recognise fatigue when I see it and your postings are becoming more erratic and nonsensical.
The US does not have enough money for itself let alone anyone else. Talk about levels of unemployment – the US supposedly 9.5% or 15 million but in reality over 30% or more that 40 million and rising every month. In September 2010 alone there were 536 000 applications for unemployment assistance. The US had an economy of 14 Trillion before the GFC now it somewhere around 7 or 8 and sinking faster that a rock in a swimming pool.
The housing industry in California, Florida, Nevada, great lakes states etc are nonexistent – homes you paid $300 000 now on the market for $50 000 or $60 000.
The only people in Serbia interested in the EU are the politicians – what great benefit was there for Poland or Hungary or Bulgaria in joining the EU. Unfortunately, these countries are basket cases living off scraps that the UE throws them. Poland’s greatest industry is sending its people to work outside their country (no disrespect meant to poles at all by this comment) – it’s the same as in the Philippines.
Violence at a football match – gee that’s something new. Ask the Brits about that subject.
(sj, 30 October 2010 02:18)
Ironic you mention someones postings as erratic and nonsensical.
It would be nice if you were to post some type of proof of your rantings. Like the reality of 30% unemployment in the US.
536,000 applications for unemployment in Sept, if this were maintained for 12 months that would be about 6.5 million a year sounds high but with a population of 310 million that is a little over 2%. The US workforce is somewhere around 140 million.
Also it would be interesting how you derive that the US economy has dropped to 7-8 trillion, the latest credible estimates are still for 2009 at 14 trillion, but indicators which showed a decline in 2009 are showing increases in 2010.
http://money.cnn.com/2010/09/30/news/economy/gdp/index.htm
Also if you could please post some listings of the $300,000 homes for sale at 50-60,000 I might be interested in buying a few.

AdamNYC

pre 13 godina

@sj

good lord! you are telling someone else to take a break?

endldess rants about the US...the fantastical savior role russia plays.

you quite frankly dont seem to care one bit about serbia's well being other than to cling to the nationalist rantings you have been brainwashed with.

you cant be that unintelligent not to see the benefits of the EU.

and you cant be that mindnumbingly foolish to think russia will ever do anything more for serbia other than the indignity of an occasional Loan so serbia can keep up the infrascructure that carries russian gas into the eu market.

sj

pre 13 godina

(pss, 30 October 2010 14:

First of all it is accepted that unemployment figures issued by your Department of Labor is held, shall I say, in some doubt by the financial sector of your country because they are so watered down that its laughable. I have explained numerous times on this forum of how government’s hide the actual figures by separating people on social security into various programs thus not showing them as unemployed. All western countries used this same formula.
Read the New York Post 30/10/10 by John Crudele.
Austan Goolsbee from the University of Chicago wrote an op-ed piece for The New York Times criticizing a Labor Department announcement about job growth the month before. And he attacked the idea that the country had just experienced nothing more than a mild recession.

"Unfortunately, underreporting unemployment has served the interest of both political parties," wrote Goolsbee. "The situation has grown so dire, though, that we can't tell whether the job market is recovering."

Some of your academics say that the real level is anywhere between 22% and 32%. Your total workforce is about 160 million.
The US GDP is based on many indicators, but I’ll use only one. The toxic loan business had shown that assets such as houses were highly over valued and prior to the crash homes selling in Las Vegas for $1,000 000 but were on the market for $100 000 after the big fall. Florida is another example of where the crash has devastated the housing industry – it even worse than Las Vegas. So if the value of homes fall then it affects the GDP. The only reason the US dollar is not on par with the Albanian lek is because China refuses to allow its currency to float.
If you are interested in buying some of these houses there are plenty of people that organize tours of bank repossessed homes in the US – in fact they come from as far as Australia.
“536,000 applications for unemployment in Sept” came from your valued Government not my figures. So you see these are not idle rantings, and I would not believe too much of what your government tells you – they tend to tell whoppers to cover their backside and can you imagine what would happen on the NY stock exchange if the US announced an unemployment rate of say 23%? Kaos would be putting it mildly.

Akim

pre 13 godina

At the end of the day it's still the economic power that counts. The same applies to the Kosovo issue. I think the economy, foreign investments and the fight for transparency have fallen to short and need more engagement. You don't have to agonize and argue, you simply can show the better alternative. What's wrong with a Serbian state with low unemployment rate, good payment and Kosovo Albanians coming here to find work and earn money to support their families. I think there is no better way for peace and stability than this. There is no other country in the Balkans and beyond in SE-Europe, than Serbia to fulfil that role.

Milos Obilic

pre 13 godina

The 11 people who've voted this down are either bitter Albanians or living in dreamland. Economic strength will impact on every issue facing Serbia, including retention of sovereignty over Kosovo.

winston

pre 13 godina

Koso, when you are so deep in the hole, like Kosovo is, any upward movement will monumental. Why don't you mention the 60% + unemployment, and without foreign donations, and remittances from abroad, your dreamland "Kosova" would go into economic toxic shock in a week? I guess you got caught up in the mid-term elections in the US, where exaggerations and fabrications are flying at break neck speed.

johny

pre 13 godina

Koso, when you are so deep in the hole, like Kosovo is, any upward movement will monumental. Why don't you mention the 60% + unemployment, and without foreign donations, and remittances from abroad, your dreamland "Kosova" would go into economic toxic shock in a week? I guess you got caught up in the mid-term elections in the US, where exaggerations and fabrications are flying at break neck speed.
(winston, 29 October 2010 17:01)

The same can be said about Serbia. You ain't better dude. Every month you beg money from the EU and the US. Your unemployment is high, your inflation is sky-rocketing. You're in a sh..tty situation. Politicaly you're in the dump as well. You're threatened by the EU and the US continuously. Your progress is conditional and depends on the words of the Hague prosecutor and the whims of Netherlands. You beat up people on the streets of Belgrade, burn foreign embassies, loot shops, and they punish you for looting and causing violence in foreign countries. You're a mess.

winston

pre 13 godina

I don't do any of those bad things you mentioned, or anyone I know, Johny, dude! Yes, Serbia has a long way to go, to crawl out of it's misery from the 90's, but Serbs are far more realistic where they stand. For some reason though, you Albanians always paint some picture of an independent Albanian KiM that is fake. Such a place does not exist. Johny, be honest, you cannot compare the little black hole Kosova with Serbia. It's apples and oranges. Just like I cannot compare Serbia to Germany. So stop dreaming, Johny, and roll up your sleeves and work. It's the only way out. The donations will not come forever.

KOSO

pre 13 godina

Akim,

sorry to break it to you but let me paint you a picture of current and future outlook.

Currently: Serbian currency Dinar has depreciated about 60% since 2002. The economy is in turmoil, constantly needing EU/IMF/WB loans to prop it up. In fact a article came out recently stating in the last 9 months of 2010 almost 2bn EUR had been borrowed by Serbia. Serbia is set to grow this year 1-2% (top) and around 3% by 2011.


Kosovo on the other hand has been growing at 3-4% GPD in the last 2 years and is set to continue this trend for the next 4 years. Not to mention that since 2008 wages have increased (on average) 18 EUR/year. Another fact worth mentioning is that each year Kosovo is closing its import-export gap even though Serbia & Bosnia are embargoing all Kosovo products from entering and passing. By the time the Balkans joins the union, Kosovo will be on the same footing if not better.

sj

pre 13 godina

The same can be said about Serbia. You ain't better dude. Every month you beg money from the EU and the US. Your unemployment is high, your inflation is sky-rocketing. You're in a sh..tty situation. Politicaly you're in the dump as well. You're threatened by the EU and the US continuously. Your progress is conditional and depends on the words of the Hague prosecutor and the whims of Netherlands. You beat up people on the streets of Belgrade, burn foreign embassies, loot shops, and they punish you for looting and causing violence in foreign countries. You're a mess.
(johny, 29 October 2010 17:52)

Take a break from this forum. I recognise fatigue when I see it and your postings are becoming more erratic and nonsensical.
The US does not have enough money for itself let alone anyone else. Talk about levels of unemployment – the US supposedly 9.5% or 15 million but in reality over 30% or more that 40 million and rising every month. In September 2010 alone there were 536 000 applications for unemployment assistance. The US had an economy of 14 Trillion before the GFC now it somewhere around 7 or 8 and sinking faster that a rock in a swimming pool.
The housing industry in California, Florida, Nevada, great lakes states etc are nonexistent – homes you paid $300 000 now on the market for $50 000 or $60 000.
The only people in Serbia interested in the EU are the politicians – what great benefit was there for Poland or Hungary or Bulgaria in joining the EU. Unfortunately, these countries are basket cases living off scraps that the UE throws them. Poland’s greatest industry is sending its people to work outside their country (no disrespect meant to poles at all by this comment) – it’s the same as in the Philippines.
Violence at a football match – gee that’s something new. Ask the Brits about that subject.

pss

pre 13 godina

Take a break from this forum. I recognise fatigue when I see it and your postings are becoming more erratic and nonsensical.
The US does not have enough money for itself let alone anyone else. Talk about levels of unemployment – the US supposedly 9.5% or 15 million but in reality over 30% or more that 40 million and rising every month. In September 2010 alone there were 536 000 applications for unemployment assistance. The US had an economy of 14 Trillion before the GFC now it somewhere around 7 or 8 and sinking faster that a rock in a swimming pool.
The housing industry in California, Florida, Nevada, great lakes states etc are nonexistent – homes you paid $300 000 now on the market for $50 000 or $60 000.
The only people in Serbia interested in the EU are the politicians – what great benefit was there for Poland or Hungary or Bulgaria in joining the EU. Unfortunately, these countries are basket cases living off scraps that the UE throws them. Poland’s greatest industry is sending its people to work outside their country (no disrespect meant to poles at all by this comment) – it’s the same as in the Philippines.
Violence at a football match – gee that’s something new. Ask the Brits about that subject.
(sj, 30 October 2010 02:18)
Ironic you mention someones postings as erratic and nonsensical.
It would be nice if you were to post some type of proof of your rantings. Like the reality of 30% unemployment in the US.
536,000 applications for unemployment in Sept, if this were maintained for 12 months that would be about 6.5 million a year sounds high but with a population of 310 million that is a little over 2%. The US workforce is somewhere around 140 million.
Also it would be interesting how you derive that the US economy has dropped to 7-8 trillion, the latest credible estimates are still for 2009 at 14 trillion, but indicators which showed a decline in 2009 are showing increases in 2010.
http://money.cnn.com/2010/09/30/news/economy/gdp/index.htm
Also if you could please post some listings of the $300,000 homes for sale at 50-60,000 I might be interested in buying a few.

AdamNYC

pre 13 godina

@sj

good lord! you are telling someone else to take a break?

endldess rants about the US...the fantastical savior role russia plays.

you quite frankly dont seem to care one bit about serbia's well being other than to cling to the nationalist rantings you have been brainwashed with.

you cant be that unintelligent not to see the benefits of the EU.

and you cant be that mindnumbingly foolish to think russia will ever do anything more for serbia other than the indignity of an occasional Loan so serbia can keep up the infrascructure that carries russian gas into the eu market.

sj

pre 13 godina

(pss, 30 October 2010 14:

First of all it is accepted that unemployment figures issued by your Department of Labor is held, shall I say, in some doubt by the financial sector of your country because they are so watered down that its laughable. I have explained numerous times on this forum of how government’s hide the actual figures by separating people on social security into various programs thus not showing them as unemployed. All western countries used this same formula.
Read the New York Post 30/10/10 by John Crudele.
Austan Goolsbee from the University of Chicago wrote an op-ed piece for The New York Times criticizing a Labor Department announcement about job growth the month before. And he attacked the idea that the country had just experienced nothing more than a mild recession.

"Unfortunately, underreporting unemployment has served the interest of both political parties," wrote Goolsbee. "The situation has grown so dire, though, that we can't tell whether the job market is recovering."

Some of your academics say that the real level is anywhere between 22% and 32%. Your total workforce is about 160 million.
The US GDP is based on many indicators, but I’ll use only one. The toxic loan business had shown that assets such as houses were highly over valued and prior to the crash homes selling in Las Vegas for $1,000 000 but were on the market for $100 000 after the big fall. Florida is another example of where the crash has devastated the housing industry – it even worse than Las Vegas. So if the value of homes fall then it affects the GDP. The only reason the US dollar is not on par with the Albanian lek is because China refuses to allow its currency to float.
If you are interested in buying some of these houses there are plenty of people that organize tours of bank repossessed homes in the US – in fact they come from as far as Australia.
“536,000 applications for unemployment in Sept” came from your valued Government not my figures. So you see these are not idle rantings, and I would not believe too much of what your government tells you – they tend to tell whoppers to cover their backside and can you imagine what would happen on the NY stock exchange if the US announced an unemployment rate of say 23%? Kaos would be putting it mildly.