UNEMPLOYMENT HITS 10.2%

belme1201 said:
Let me see.......who was the President in April, 1983?
That aside, we knew in January things would get worse before they got better and have no fear, they will get better, much to your dismay.
Click to expand...

Ah yes, 1983.


US GDP (1998 dollars): $3.5 trillion
Federal spending: $0.8 trillion
Federal debt: $1.4 trillion
Median Household Income: $20,885
Unemployment: 9.6%
Inflation: 3.2%
Highest marginal tax rate: 50% (on taxable income over $109K)
Cost of a first-class stamp: $0.20

Average home value:
Los Angeles 118,543
Orange 131,456
Ventura 128,664
Riverside/San Bernardino 80,424
San Diego 103,077

Super Bowl: Washington d. Miami (27-17)
World Series: Baltimore d. Philadelphia Phillies (4-1)
NBA Championship: Philadelphia 76ers d. LA Lakers (4-0)
Stanley Cup: NY Islanders d. Edmonton (4-0)
Wimbledon: Women: Martina Navratilova d. A. Jaeger (6-0 6-3)
Wimbledon: Men: John McEnroe d. C. Lewis (6-2 6-2 6-2)
Kentucky Derby Champion: Sunny's Halo
NCAA Basketball Championship: N.C. State d. Houston (54-52)
NCAA Football Champions: Miami-FL (11-1-0)

** "Crack" cocaine is developed in the Bahamas, and soon appears in the United States.
** Apple Inc. releases the Apple Lisa personal computer.
** Lotus 1-2-3 is released for IBM-PC compatible computers.
** The final episode of M*A*S*H is aired and the record of most watched episode is broken
** Strategic Defense Initiative: U.S. President Ronald Reagan makes his initial proposal to develop technology to intercept enemy missiles. The media dub this plan "Star Wars".
** Michael Jackson performs the dance move that will forever be known as the "moonwalk" at Motown 25.
** The April 1983 U.S. Embassy bombing in Beirut kills 63 people.
** Conservative Margaret Thatcher, Prime Minister of the United Kingdom since 1979, wins in a landslide victory over Michael Foot (42% of the popular vote), the most decisive election victory since 1945.
** The Nintendo Entertainment System goes on sale in Japan.
** Korean Air Lines Flight 007 is shot down by a Soviet Union jet fighter when the commercial aircraft enters Soviet airspace. All 269 on board are killed including U.S. Congressman Larry McDonald.
** Tom Brokaw becomes lead anchor for NBC Nightly News.
** Vanessa Lynn Williams becomes the first African-American to be crowned Miss America, in Atlantic City, New Jersey.
** Maurice Bishop, Prime Minister of Grenada, and 40 others are executed in a military coup. Seven days later the US invades Grenada.
** United States Marine Corps barracks in Beirut, killing 241 U.S. servicemen, 58 French paratroopers and 6 Lebanese civilians.
** Microsoft Word is first released.
** Martin Luther King, Jr. Day: At the White House Rose Garden, U.S. President Ronald Reagan signs a bill creating a federal holiday on the third Monday of every January to honor American civil rights leader Martin Luther King Jr.
** November 3 ** The Reverend Jesse Jackson announces his candidacy for the 1984 Democratic Party presidential nomination.
** The first United States cruise missiles arrive at Greenham Common Airbase in England amid protests from peace campaigners.
** Soviet invasion of Afghanistan: The United Nations General Assembly passes United Nations Resolution 37, stating that the Soviet Union should withdraw from Afghanistan.
** Michael Jackson's world famous music video for "Thriller" is broadcast for the first time. It becomes the most often repeated and famous music video of all time, increasing his own popularity and record sales of the album "Thriller".
** A discotheque fire in Madrid, Spain, kills 83 people.

The Top Grossing Movies of 1983

1 Star Wars: Episode VI - Return of the Jedi
2 Flashdance
3 Trading Places
4 Terms of Endearment
5 WarGames
6 Sudden Impact
7 Mr. Mom
8 Staying Alive
9 Risky Business
10 Vacation

The Top 40 Songs of 1983

1 Every Breath You Take, The Police
2 Beat It, Michael Jackson
3 Billie Jean, Michael Jackson
4 Sweet Dreams (Are Made Of This), Eurythmics
5 Burning Down The House, Talking Heads
6 Hungry Like The Wolf, Duran Duran
7 Total Eclipse Of The Heart, Bonnie Tyler
8 Flashdance...What A Feeling, Irene Cara
9 Come On Eileen, Dexy's Midnight Runners
10 Africa, Toto
11 Down Under, Men At Work
12 Faithfully, Journey
13 (Keep Feeling) Fascination, The Human League
14 Do You Really Want To Hurt Me, Culture Club
15 Love Is A Battlefield, Pat Benatar
16 Little Red Corvette, Prince
17 All Night Long, Lionel Richie
18 Sexual Healing, Marvin Gaye
19 Let's Dance, David Bowie
20 Wanna Be Startin' Somethin', Michael Jackson
21 1999, Prince
22 Rock Of Ages, Def Leppard
23 Jeopardy, Greg Kihn Band
24 Photograph, Def Leppard
25 Electric Avenue, Eddy Grant
26 Rock The Casbah, The Clash
27 Back On The Chain Gang, Pretenders
28 Only You, Yaz
29 China Girl, David Bowie
30 New Year's Day, U2
31 Rio, Duran Duran
32 Our House, Madness
33 I'll Tumble 4 Ya, Culture Club
34 Uptown Girl, Billy Joel
35 Shock The Monkey, Peter Gabriel
36 White Wedding, Billy Idol
37 Church Of The Poison Mind, Culture Club
38 True, Spandau Ballet
39 The Safety Dance, Men Without Hats
40 Always Something There To Remind Me, Naked Eyes

Grammy winners:
Record of the year: Toto IV
Song of the year: Rosanna, Toto
 
cawacko said:
Ah yes, 1983.


US GDP (1998 dollars): $3.5 trillion
Federal spending: $0.8 trillion
Federal debt: $1.4 trillion
Median Household Income: $20,885
Unemployment: 9.6%
Inflation: 3.2%
Highest marginal tax rate: 50% (on taxable income over $109K)
Cost of a first-class stamp: $0.20

Average home value:
Los Angeles 118,543
Orange 131,456
Ventura 128,664
Riverside/San Bernardino 80,424
San Diego 103,077

Super Bowl: Washington d. Miami (27-17)
World Series: Baltimore d. Philadelphia Phillies (4-1)
NBA Championship: Philadelphia 76ers d. LA Lakers (4-0)
Stanley Cup: NY Islanders d. Edmonton (4-0)
Wimbledon: Women: Martina Navratilova d. A. Jaeger (6-0 6-3)
Wimbledon: Men: John McEnroe d. C. Lewis (6-2 6-2 6-2)
Kentucky Derby Champion: Sunny's Halo
NCAA Basketball Championship: N.C. State d. Houston (54-52)
NCAA Football Champions: Miami-FL (11-1-0)

** "Crack" cocaine is developed in the Bahamas, and soon appears in the United States.
** Apple Inc. releases the Apple Lisa personal computer.
** Lotus 1-2-3 is released for IBM-PC compatible computers.
** The final episode of M*A*S*H is aired and the record of most watched episode is broken
** Strategic Defense Initiative: U.S. President Ronald Reagan makes his initial proposal to develop technology to intercept enemy missiles. The media dub this plan "Star Wars".
** Michael Jackson performs the dance move that will forever be known as the "moonwalk" at Motown 25.
** The April 1983 U.S. Embassy bombing in Beirut kills 63 people.
** Conservative Margaret Thatcher, Prime Minister of the United Kingdom since 1979, wins in a landslide victory over Michael Foot (42% of the popular vote), the most decisive election victory since 1945.
** The Nintendo Entertainment System goes on sale in Japan.
** Korean Air Lines Flight 007 is shot down by a Soviet Union jet fighter when the commercial aircraft enters Soviet airspace. All 269 on board are killed including U.S. Congressman Larry McDonald.
** Tom Brokaw becomes lead anchor for NBC Nightly News.
** Vanessa Lynn Williams becomes the first African-American to be crowned Miss America, in Atlantic City, New Jersey.
** Maurice Bishop, Prime Minister of Grenada, and 40 others are executed in a military coup. Seven days later the US invades Grenada.
** United States Marine Corps barracks in Beirut, killing 241 U.S. servicemen, 58 French paratroopers and 6 Lebanese civilians.
** Microsoft Word is first released.
** Martin Luther King, Jr. Day: At the White House Rose Garden, U.S. President Ronald Reagan signs a bill creating a federal holiday on the third Monday of every January to honor American civil rights leader Martin Luther King Jr.
** November 3 ** The Reverend Jesse Jackson announces his candidacy for the 1984 Democratic Party presidential nomination.
** The first United States cruise missiles arrive at Greenham Common Airbase in England amid protests from peace campaigners.
** Soviet invasion of Afghanistan: The United Nations General Assembly passes United Nations Resolution 37, stating that the Soviet Union should withdraw from Afghanistan.
** Michael Jackson's world famous music video for "Thriller" is broadcast for the first time. It becomes the most often repeated and famous music video of all time, increasing his own popularity and record sales of the album "Thriller".
** A discotheque fire in Madrid, Spain, kills 83 people.

The Top Grossing Movies of 1983

1 Star Wars: Episode VI - Return of the Jedi
2 Flashdance
3 Trading Places
4 Terms of Endearment
5 WarGames
6 Sudden Impact
7 Mr. Mom
8 Staying Alive
9 Risky Business
10 Vacation

The Top 40 Songs of 1983

1 Every Breath You Take, The Police
2 Beat It, Michael Jackson
3 Billie Jean, Michael Jackson
4 Sweet Dreams (Are Made Of This), Eurythmics
5 Burning Down The House, Talking Heads
6 Hungry Like The Wolf, Duran Duran
7 Total Eclipse Of The Heart, Bonnie Tyler
8 Flashdance...What A Feeling, Irene Cara
9 Come On Eileen, Dexy's Midnight Runners
10 Africa, Toto
11 Down Under, Men At Work
12 Faithfully, Journey
13 (Keep Feeling) Fascination, The Human League
14 Do You Really Want To Hurt Me, Culture Club
15 Love Is A Battlefield, Pat Benatar
16 Little Red Corvette, Prince
17 All Night Long, Lionel Richie
18 Sexual Healing, Marvin Gaye
19 Let's Dance, David Bowie
20 Wanna Be Startin' Somethin', Michael Jackson
21 1999, Prince
22 Rock Of Ages, Def Leppard
23 Jeopardy, Greg Kihn Band
24 Photograph, Def Leppard
25 Electric Avenue, Eddy Grant
26 Rock The Casbah, The Clash
27 Back On The Chain Gang, Pretenders
28 Only You, Yaz
29 China Girl, David Bowie
30 New Year's Day, U2
31 Rio, Duran Duran
32 Our House, Madness
33 I'll Tumble 4 Ya, Culture Club
34 Uptown Girl, Billy Joel
35 Shock The Monkey, Peter Gabriel
36 White Wedding, Billy Idol
37 Church Of The Poison Mind, Culture Club
38 True, Spandau Ballet
39 The Safety Dance, Men Without Hats
40 Always Something There To Remind Me, Naked Eyes

Grammy winners:
Record of the year: Toto IV
Song of the year: Rosanna, Toto
Click to expand...

The good 'ol days! Good post! (Notice the NCAA Champs, I believe that was the first of the 5.)
 
belme1201 said:
The good 'ol days! Good post! (Notice the NCAA Champs, I believe that was the first of the 5.)
Click to expand...

That's right, start of the "U" dynasty.

I think '83 was the year of Moses Malone's 'we'll win in Fo Fo & Fo' comment as well.

And just like this year, the Phillies lost in the World Series.
 
We're saved!! O but it would have been so much worse, just think without TARP and Stimulus unemployment would be 100% and there would be anarchy....
 
cawacko said:
That's right, start of the "U" dynasty.

I think '83 was the year of Moses Malone's 'we'll win in Fo Fo & Fo' comment as well.

And just like this year, the Phillies lost in the World Series.
Click to expand...

......and the 'Canes won't win the championship this year either. I'm trying to think of the great U of Houston center of that year, Olajuwon? I just answered my own question, he and Jordan both came out the following year. Houston made it to the finals, NC didn't so Olajuwon went first to Houston, MJ 3rd, thank God, to the Bulls.

However, it must have been a bad year for employment. (Staying on topic).
 
SmarterThanYou said:
never in that time frame. we'll continue to see double digit unemployment for the next 12 - 18 months, if not longer, because CEOs and board members know that the government is not going to let them fail by forking over billions of taxpayer dollars. There is no incentive at all for them to change the current policy as long as they are getting theirs.
Click to expand...
I think your essentially right. Things are looking brighter for those who currently hold jobs, it's going to be much longer before things get better for the unemployed. Those who lost their jobs are probably not going to go back to their old jobs. The economy will have to expand and create new jobs before enemployment declines.
 
Onceler said:
Figured you'd be posting this.

It's a bad figure, but I expect this to turn around in the next 3-6 months if current indicators of recovery hold.
Click to expand...

I certainly knew you wouldn't be posting it. It's all Obama's baby now. I expect it to continue going up.
 
Unemployment figures are subjective as hell. I heard that the "real" figure is more like 17%, by counting folks who are underemployed, or gave up looking.
 
TuTu Monroe said:
I certainly knew you wouldn't be posting it. It's all Obama's baby now. I expect it to continue going up.
Click to expand...

you would think someone who has nearly a trillion dollar stimulus to play with that he could create numerous jobs instead of pansying around claiming he saved or created jobs...
 
Obfuscate said:
We're saved!! O but it would have been so much worse, just think without TARP and Stimulus unemployment would be 100% and there would be anarchy....
Click to expand...

Probably 20% or so. Maybe not anarchy but political radicalism would likely reach heights not seen since the great depression, as people lost faith in liberal democracy and the free market thanks to mismanagement by ignorant Austrian proles.
 
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