Bloomberg riots warning: What will happen first?

Question Details

Bloomberg riots warning: What will happen first?

Asked by:

kruijs in Politics » United States
Settled on 06/07/2012 20:25 Settled by

kruijs

Winning option:employment for U.S. college graduates drops below 4.0% Bloomberg proven wrong - unemployment rate below 4.0

http://www.bls.gov/news.release/empsit.t04.htm

Predictions

Riots "like in Cairo"

Unemployment for U.S. college graduates drops below 4.0%

Background

New York Mayor Michael Bloomberg warned the U.S. could face riots like Cairo and Madrid if the economy doesn’t create more jobs soon.

"We have a lot of kids graduating college, can't find jobs," Bloomberg said on his weekly WOR radio show. "That's what happened in Cairo. That's what happened in Madrid. You don't want those kinds of riots here."

Polls show that Americans are increasingly frustrated with both the president and lawmakers over the stalled economy and their apparent inability to work together to hammer out a mutually acceptable plan to help the economy gain sustainable traction.

However, Bloomberg may not be quite right when he states that college graduates can't find jobs. Indeed, the recent August jobs report from the Bureau of Labor Statistics indicated that the unemployment rate for college graduates holding at least a bachelor's degree was 4.3 percent. Moreover, this figure has slowly declined from five percent in August 2010.

http://www.ibtimes.com/articles/215212/20110916/jobs-unemployment-mayor-bloomberg-rioting-madrid-cairo-obama.htm
http://www.bls.gov/news.release/empsit.t04.htm

Find similar: bloomberg, unemployment, riots

Comments

Comment on this question:

05/07/2012 05:27

kruijs

4.0% in April

04/09/2012 20:36

kruijs

4.2% in March

03/20/2012 20:01

kruijs

4.2% in February

02/05/2012 21:03

kruijs

4.2% in January

01/19/2012 14:55

kruijs

4.1% in December

12/02/2011 22:05

kruijs

.. still at 4.4% in November
http://www.bls.gov/news.release/empsit.t04.htm

11/06/2011 07:46

kruijs

.. up to 4.4% in October
http://www.bls.gov/news.release/empsit.t04.htm

11/06/2011 07:45

kruijs

From the settlement details: "Riots" must be related to economic situations, not to any other cause, and at least include looting as well as violent protests against police forces.

http://www.newser.com/story/132517/occupy-oaklands-brutal-night-fires-arrests-tear-gas.html?utm_medium=goognews&utm_campaign=chan3_feed

.... getting close ....

10/12/2011 23:49

NormalPride

Occupy L.A. Speaker: Violence will be Necessary to Achieve Our Goals
http://pajamasmedia.com/tatler/2011/10/11/occupy-l-a-speaker-violence-will-be-necessary-to-achieve-our-goals/

10/07/2011 20:21

kruijs

.. down to 4.2% in September
http://www.bls.gov/news.release/empsit.t04.htm

Blogs

Blogs mentioning a question:

Knew The News | Blog: Top Featured Markets September 2011, published by kruijs

Integrate this question on your website or blog

Get Widget!

About

Talk

News

Community

Wealth

Questionlists

Filtered

Create a new question

Question Details