New Jobless Claims Down, Wholesale Prices Up
- Thread starter TheGameIs21
- Start date
Well in my part of the country the jobs have been up for a couple of years, Don't see much diff in the wholesale prices here, But what I want to know is when is the interest rate going back up, I will never get rich making $11 ever three months on my life savings,
Isn't there a limit on unemployment benefits? Might this just be a result of people who's eligibility for benefits have run out are not re-applying?
discouraged worker effect, it's called; and yes; if any thing that's a bad sign for the economy as the job-pool is smaller.
I am suspecting as much as I didn't see anything in the article indicating another reason. It's sure as hell not from job creation. As far as the inflation mentioned, the PPI is a pretty flawed measure anyway, compound that with their 'new classification' and I'm not sure that number means much of anything. But fuel prices increasing will cause inflation across the board because every industry is directly affected by it. And that's a bad thing.
I attended this Annual Local Job Fair today:
3-18-2004 Greater Hall Chamber of Commerce Business Expo & Job Fair
?The Expo really is a great networking opportunity,? said Robin Overby, vice president of membership. ?Last year we had over 2,500 people attend the Expo and some 1,000 participate in the Job Fair. We are planning for an even bigger crowd this year!?
---------------------------
It was more crowded alright, probably at least 2,000 crowded in for a handful of openings.
There were only 6 real Private Companies looking for Employees, the other 26 Operations were Government Agencies such as all of the Armed Forces were there, each of the 6 Local Cities, 3 surrounding Counties, all of the Local Law Enforcement etc.
The only other outfits taking applications but no specific jobs available were from 4 different Temp Agencies.
Everyone was saying "What a Joke".
3-18-2004 Greater Hall Chamber of Commerce Business Expo & Job Fair
?The Expo really is a great networking opportunity,? said Robin Overby, vice president of membership. ?Last year we had over 2,500 people attend the Expo and some 1,000 participate in the Job Fair. We are planning for an even bigger crowd this year!?
---------------------------
It was more crowded alright, probably at least 2,000 crowded in for a handful of openings.
There were only 6 real Private Companies looking for Employees, the other 26 Operations were Government Agencies such as all of the Armed Forces were there, each of the 6 Local Cities, 3 surrounding Counties, all of the Local Law Enforcement etc.
The only other outfits taking applications but no specific jobs available were from 4 different Temp Agencies.
Everyone was saying "What a Joke".
CADsortaGUY
Lifer
I don't know. The University Michigan seems to think the economy will be booming over the next several years, with unemployment below 5% at the beginning of 2006.
Originally posted by: CADkindaGUY
This is new first-time jobless benefit claims
CkG
although we do have discouraged workers; it's good to see a very-low layoff rate.
inflation does not denote a lack of work.
I don't buy this. If all these people are "discouraged," then they must be dying on the street. I don't know too many people who are rich enough not to work and give up working. So if these people are truely discouraged, then they must have enough money not to care.
The left wants people to believe things that were credible when democrats used them, are now longer credible.
Its like saying the way of measuring unemployment is no longer vaild, even though it was the same way the measured for well a long ass time. Including in 1998 when 1.8million were laid off, and we were IIRC under 5% unemployment still.
Or historically well respected orgs that produce reports, are no longer credible either. Even though its what the buisness world has used for decades, and continues to use as a basis for projections, etc.
It seems if a republican uses something, its not longer credible. I mean Kerry used the economist Bush & Co used to run Kerry's numbers, but somehow that economist IS ONLY CREDIBLE if a democrat uses him.
Im sorry lefties but the world doesn't work that way. The unemployment numbers are accurate, and well The Univ of Michigan projections, are credible too.
My whole problem with this BS of the liberal left is how elitest they are. They think people should reach a certain standard and only go up. If I lost my job and I couldn't find another, I'd do anything to take care of myself and my family and only once I exausted those means, would I turn to the government for help.
In the last two weeks there were more than 200 jobs available. In this area we regularly have an unemployment rate of 10%, but apparently many of those 10% don't want to work, because if that was the case, the want ads would be nearly empty all the time. The fact of the matter is, people are lazy and they think they are better than what they actually may be. They need to stop crying and relying on the government, get a job and get back to where they were. But if you ask Dave & Co, all these people are dying in the streets.
Like I've said over and over, if you are out of work for 6 months+, you much be pretty damn rich to keep on living. I know very few people that can continue on without an income. So life must not be too bad for all those "unemployed" people who are so desperate for work. As long as there are jobs available, no matter how demeaning, I won't feel sorry for the one of them.
Social safety net, that or the spouse may well have a job, or if unmarried may have moved back in with parents.
yes, and probably;
but that still doesn't preclude horrible inflation.
As far as I'm concerned, that's called life. Many people outspend their means and choose not to save for a rainy day. If they can't find another 60k job because they were overpaid during the tech boom, then that's their problem. Time to adjust to reality.
When I got divorced I had to move back in with my parents for awhile. You didn't see me complaining or blaming the President. I dusted myself off, got another jobs, worked my butt off and arrived at where I'm at today. Not a big deal to me.
right.. well, ignoring the normative side of things:
it's much better for the economy to have as many people as possible actually out their looking for work. Workers becoming discouraged is bad.
of course it's a good thing if un-employment goes up without their being a loss of jobs.
but we should always compare this with income as compared to inflation.
What's with the sudden talk of inflation? Inflation has been near zero. Is this another scare tactic or are you just simply stating that if inflation rises, incomes need to rise with it?
TRENDING THREADS
-
Discussion Zen 5 Speculation (EPYC Turin and Strix Point/Granite Ridge - Ryzen 9000)- Started by DisEnchantment
- Replies: 25K
-
Discussion Intel Meteor, Arrow, Lunar & Panther Lakes + WCL Discussion Threads
- Started by Tigerick
- Replies: 24K
-
Discussion Intel current and future Lakes & Rapids thread- Started by TheF34RChannel
- Replies: 23K
-
-
Facebook
Twitter