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harmlessgryphon (harmlessgryphon@sealion.club)'s status on Friday, 09-Jun-2017 21:19:59 UTC harmlessgryphon The unemployment rate in the USA is low, so it's "odd" that people are suddenly defaulting on their credit cards.
Perhaps things in the land of apple-pie eating eagles isn't as good as we're being led to believe?
Nah, the government wouldn't like to us, would they?
http://www.businessinsider.com/credit-card-defaults-have-spiked-as-lending-standards-fall-2017-6- @mcscx@quitter.se repeated this.
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LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864} (lnxw48a1@nu.federati.net)'s status on Friday, 09-Jun-2017 21:29:26 UTC LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864} @harmlessgryphon What's driving the figures down is people finding ways to survive without jobs. For example, an uncle who was a well-paid COBOL programmer "retired" when he could no longer obtain work. Hallå Kitteh likes this.@mcscx@quitter.se repeated this. -
LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864} (lnxw48a1@nu.federati.net)'s status on Saturday, 10-Jun-2017 01:10:23 UTC LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864} https://www.yahoo.com/news/never-jobs-available-america-145038564.html
Shrinking the (officially recognized) workforce continues, which makes the numbers look better, until someone realizes that many of those who "left" the workforce did so involuntarily.Stephen Michael Kellat repeated this.