This is getting way out of hand. I hope it is not affecting to many from here. Dam 2 tax cuts and a third one starting yesterday. So far no help. This third one better help more then first two.
6.4% Unemployment.
- Thread starter djv
- Start date
i believe the 6.4 % is not accurate... Arthur Anderson must be doing the accounting..:nono:
the statistic that is not in the study is that many people are no longer making as much as 5-8 years ago because of all the layoffs and mergers.. corporations know employees are worried and are apt to work for less.
hopefully things get better...
the statistic that is not in the study is that many people are no longer making as much as 5-8 years ago because of all the layoffs and mergers.. corporations know employees are worried and are apt to work for less.
hopefully things get better...
600K more went from "not looking" to "unemployed but now looking" which skews the number
Unemployment is a lagging indicator, anyway, not a predictor
Unemployment is a lagging indicator, anyway, not a predictor
Im not trying to predict. Im was hoping the first 4% to 5% would have some hope. But when it keeps going up there leaves little joy. Many of these folks have been off 18 months already. Like I said I hope it is not hurting to many here. We need a turn around soon.
I am not sure but maybe somebody can answer this. I think that once your unemployment benefits run out you are not counted in the percentage. So it could be worse than 6.4%.
Kind of makes you wonder why Greenspan felt the need to raise interest rate 4 times towards the end of Clintons term. When he said he had to slow down the economy! Nothing but lowering the rates since Bush got in.
Kind of makes you wonder why Greenspan felt the need to raise interest rate 4 times towards the end of Clintons term. When he said he had to slow down the economy! Nothing but lowering the rates since Bush got in.
I speak from having been unemployed for close to 8 months, but keep in mind lowering rates is sometimes a dangerous thing. Most of the time rates are lowered, it is already built into the NYSE price and mortgage rates, since they already anticipate a move one way or the other.
The other side of the rate coin that most people forget is those that save or invest in T-bills, bonds and savings bonds. People whose retirement or a majority of their retirement account is in these instruments get efffed when rates go down. And remember, last few years with the market tanking a lot of people fled to these kinds of investments. 99% of the country says WOO HOO when rates go down, completely forgetting there is another side of the coin.
From an economic/investment point of view this economy cannot absorb another rate cut. Rates really need to rise at least a little bit. Bad economy or not, further rate cuts are going to do more harm than good in the long term, thats not a popular thing to say but thats about the size of it.
The other side of the rate coin that most people forget is those that save or invest in T-bills, bonds and savings bonds. People whose retirement or a majority of their retirement account is in these instruments get efffed when rates go down. And remember, last few years with the market tanking a lot of people fled to these kinds of investments. 99% of the country says WOO HOO when rates go down, completely forgetting there is another side of the coin.
From an economic/investment point of view this economy cannot absorb another rate cut. Rates really need to rise at least a little bit. Bad economy or not, further rate cuts are going to do more harm than good in the long term, thats not a popular thing to say but thats about the size of it.
Open up the newspaper and look at all the jobs available...
are people "unemployed" or simply just "not working" and binging off the government???
hmmmm......
and who is responsible for Joe Shmoe not taking a job? Or having a degree in a worthless field while there are so many jobs open in positions such as nursing (which pay 70,000$/year) and no takers????
The government is responsible for this?
I agree....to the extent that they feed the unemployed money to NOT work!!!!
are people "unemployed" or simply just "not working" and binging off the government???
hmmmm......
and who is responsible for Joe Shmoe not taking a job? Or having a degree in a worthless field while there are so many jobs open in positions such as nursing (which pay 70,000$/year) and no takers????
The government is responsible for this?
I agree....to the extent that they feed the unemployed money to NOT work!!!!
If your view of the government is to create jobs for people, then you live in a different America than I want to live in.....and a different America than we have had the past 227 years.....
go read your Lenin or Marx and I will keep reading my Smith and we will see which theory leads to productive, fulfilling lives
go read your Lenin or Marx and I will keep reading my Smith and we will see which theory leads to productive, fulfilling lives
Dr. I do not expect America to make jobs for the unemployed I expect these tax cuts to do that. It's been one a year since Bush has been in office and everytime he gives the rich another tax cut, and increases the deficit, he tells us he is doing this to create jobs. Well, where are they?
woudl it be the governments fault if I dropped out of school and decided I wanted to pursue a career in the NBA because that is what I liked to do?
only to find out there is no job opening? and that i was unemployed?
or would it be my own fault for not using a little aim inhibition and ADAPTING???
now how about the "business man" who can't find a job 8-5 80,000$ job who won't go back to the basics and adapt to find a job where he must do something else? Or perhaps find another job for 35,000$ and work 60 hours/week trying to exceed again and move on up??
What ever happened to that "knock me down but I will get back up again and fight harder" attitude?
Aren't American's tough? Or have we taken all that toughness out of them by doing everything we can to make them whiners and complainers and quitters when things dont go their way?
What behaviors have we reinforced with our policy the last few decades?
only to find out there is no job opening? and that i was unemployed?
or would it be my own fault for not using a little aim inhibition and ADAPTING???
now how about the "business man" who can't find a job 8-5 80,000$ job who won't go back to the basics and adapt to find a job where he must do something else? Or perhaps find another job for 35,000$ and work 60 hours/week trying to exceed again and move on up??
What ever happened to that "knock me down but I will get back up again and fight harder" attitude?
Aren't American's tough? Or have we taken all that toughness out of them by doing everything we can to make them whiners and complainers and quitters when things dont go their way?
What behaviors have we reinforced with our policy the last few decades?
I would love to have the stats on how many of these "unemployed" are working under the table! :shrug:
Dr. Freeze:clap: :clap:
There are plenty of jobs out there. I have a friend who has been out of work for eight months, but has turned down several opportunities to work because it isn't just right for him. That's his choice, but I don't say the government and their tax cuts aren't working because he has no job. If I got fired tomorrow, I could have another job within a month, whether it is in my field or not. I would adapt because I would have to. I am sooo tired of all of these whiners about the president and him being responsible for this economy. He is not my favorite president, but have any of those people that are complaining ever taken an economics class? The economy is cyclical. It will get better. We are just paying for our excesses of the previous bull market.
There are plenty of jobs out there. I have a friend who has been out of work for eight months, but has turned down several opportunities to work because it isn't just right for him. That's his choice, but I don't say the government and their tax cuts aren't working because he has no job. If I got fired tomorrow, I could have another job within a month, whether it is in my field or not. I would adapt because I would have to. I am sooo tired of all of these whiners about the president and him being responsible for this economy. He is not my favorite president, but have any of those people that are complaining ever taken an economics class? The economy is cyclical. It will get better. We are just paying for our excesses of the previous bull market.
I'm not an expert at economics, but I always thought that 6% was then goal of a strong, stable economy so that Companies didn't have to worry about payroll expenses adding cost which would increase price which would cause inflation.
I don't know any qualified individuals who have been out of a job for more than a month. But I also don't know many factory workers who would have to move to China or Korea to find work because that's where the factories are going.
I don't know any qualified individuals who have been out of a job for more than a month. But I also don't know many factory workers who would have to move to China or Korea to find work because that's where the factories are going.
I myself, have been in the Semiconductor industry for almost 9 years now and have made it through 6 layoffs. I too have a friend who was laid off at my company and is sitting on his azz and juicing his unemployment check because he's too "proud" to take a salary cut from his previous job. Well, I do see both sides of the fence. I know people who went to college and have graduated with a "marketable" degree who are currently working fast food because the field which they went to school for years ago was booming and now is over saturated. I know of quite a few EE majors with master degrees who are unemployed right now. My company just had a temporary hiring spirt again to cover the summer, only 15 manufacturing positions, and over 900+ applied with over 9% of them having bachelor degrees. I have always said to myself that if I were to be laid off, I'd shovel shit if I had to in order to provide for my kids. Yes there are jobs out there, but at the payrate they provide, you would have to have 3 separate jobs just to keep up with the cost of living. Again, two sides of the fence fellas. Personally, I think Bush, come election time, has bought himself a one way Grey Hound ticket out of office in the publics' eyes. Best of luck to everyone.
reminds me a lot of Barbara Boxer: One day shes on cnn screaming about unemployment and the next week on same telling how we need illegal immigrants to fill all the jobs no one wants.
You have all these high dollar jobs created by the dot.com bubble and when it burst and there gone do you think there is possibility the jobs go too? Now if you want to take credit or put blame for jobs created or lost I assume who ever is president at that time is deserving. Right!
Just one question. Who if they wanted to could not find work tomorrow. Now if they had to find job paying $40,000 thats an entirely different story.
You have all these high dollar jobs created by the dot.com bubble and when it burst and there gone do you think there is possibility the jobs go too? Now if you want to take credit or put blame for jobs created or lost I assume who ever is president at that time is deserving. Right!
Just one question. Who if they wanted to could not find work tomorrow. Now if they had to find job paying $40,000 thats an entirely different story.
Unbelivible spin! What happened to the jobs that these people who are laid off were working at? I heard over and over again how when we cut taxes it will create jobs. Well, spin it however you like but the fact is that there were more jobs out there before he cut taxes for the rich.
StevieD said:
how do you know this???
this is a "fact"?
the unemployment rate has nothing to do with the "number of jobs out there"
OR....have you been counting number of job positions available across the country before and after the tax cut???
If there is a reduction in jobs...it has nothing to do with the tax cut....by my accounts, i see lots of positions available in the newspapers across the country so i see the problem in people not adapting
HERE is a HUGE reason why SOME jobs are fewer......STATES ALL ACROSS THE US have OUTSPENT their budgets for some reason -- well a HUGE reason -- in the 90's there was absolutely NO fiscal responsibility ANYWHERE....in the corporations, federal government (Clinton), state governments (in Texas...Bush), colleges, etc. etc.
NOW the sht is hitting the fan and we are eliminating all these needless positions all across the spectrum THANKFULLY....these people can now look in the paper ANYWHERE and find a different job where they will actually be productive....if you have seen Office Space or have seen how many people in any kind of business/office do very very little you will realize that 1 guy in there can do about 4 jobs in most places with many of the administrative positions that have been in place...
Case Example....my school.....cut 42 positions a week ago -- mostly administrative....every student for the last 10 years has been HARASSED by these paper work freaks to no ends....essentially accomplishing nothing but taking up our time....other than harassing students and other employees, these "administrators" cruise the internet all day....and they are getting payed by the state!!!! Now we have a governor who is tightining the reigns (Mr. Bush did not do anything about this budget crisis in Texas)
What will happen to these employees now? They will go get their umemployment check and sit and wait for another job where they can sit around and do the same thing for the same amount of $$.....why will they do this???? Because they have this ENTITLEMENT attitude engrained in them...the hard work, self-reliant, toughmindedness has been SEEPED out of them by the liberal agenda
So now we have unproductive miserable people pouting instead of people who will get back up and find a job where they can CONTRIBUTE to society....
And you liberals think that Bush is responsible for this?? I agree....to the extent that he failed to do something about this 5 years ago in Texas!!!
When productivity increases, the economy will again increase...# of jobs has nothign to do with how well the economy does...it is the # of productive jobs
Last edited:
