Unemployment 5.7%

[brandonb]

There is a difference this time blackangst. This time we have high inflation, housing market crumbling, record foreclosures, people high in debt, government record deficits, stocks going down, oil going up, food prices double what they were 4 years ago, bridges crumbling into rivers, people going bonkers silcing peoples throats or shooting up churches, war in 2 locations, and a 3rd on the doorstep, banks closing and money can't be withdrawn (and only $10,000 is insured by the government the rest will probably go poof) What more do I need to say?

Sure unemployment highest its been in 4 years by itself isn't a big deal, but when you add up all the other things, it paints a bleak picture. This country is nose diving, and its nose diving hard. Its just unfortunate that some can't see the "big picture."

Sure, we'll get through it, and life will return to normal sometime or another, as it always has in the past, but alot of people are going to be hurting the next 10 years or so.

 

[blackangst1]

Originally posted by: brandonb
There is a difference this time blackangst. This time we have high inflation, housing market crumbling, record foreclosures,

Housing market...OK.

Originally posted by: brandonb
people high in debt, government record deficits, stocks going down, oil going up, food prices double what they were 4 years ago, bridges crumbling into rivers, people going bonkers silcing peoples throats or shooting up churches, war in 2 locations, and a 3rd on the doorstep, banks closing and money can't be withdrawn (and only $10,000 is insured by the government the rest will probably go poof) What more do I need to say?

Other than all these things were true then also?

Market in negative territory

US Government debt at an all time high. Debt ceiling raised again.

Notice the steep incline of oil prices? All time highs all year.

High violence you say? .

? Nine Mile Falls, Wash. Dec. 10, 2004. A 16-year-old high school junior committed suicide at the high school's entryway. A canister holding fireworks, shotgun shells, and rifle cartridges was found in a backpack belonging to the student.
? Joyce, Wash. March 17, 2004. A 13-year-old student shot and killed himself in a school classroom where about 20 other students were present. The boy reportedly brought a .22-caliber rifle hidden in a guitar case and pulled it out during the 10 a.m. class.
? Philadelphia, Pa. Feb. 11, 2004. A 10-year-old student was shot in the face and died after being shot outside a Philadelphia elementary school. A 56-year-old female school crossing guard was also shot in the foot as she tried to scurry children across the street as bullets were flying and children were on the playground.
? Washington, D.C. Feb. 2, 2004. A 17-year-old male high school student died after being shot several times and another student was injured after shots were fired near the school's cafeteria.
? Henderson, Nev. Jan. 21, 2004. Gunman shoots and kills a hostage in his car on school campus. The gunman was allegedly looking for his ex-girlfriend as he searched the school full of children in an after-school program.

Wars-check.

Bank insurance covers $100k not $10k

What more do I need to say?

Strawman argument by definition.

 

[First]

Amazing how great our economy is when we can honestly say 94% employment is low.

 

[blackangst1]

Originally posted by: Evan Lieb
Amazing how great our economy is when we can honestly say 94% employment is low.

You mean high? It is. Here's an example of how the rest of the world lives:

25 January 2007 ? The number of people unemployed worldwide remained at an historical high of nearly 200 million in 2006 despite strong global economic growth, only modest gains were made in lifting some of the 1.37 billion working poor living on less than $2 per day out of poverty, and the pattern looks set to continue this year, according to a United Nations report released today.

a global rate of 6.3 per cent, almost unchanged from 2005

Unemployment hit young people aged 15 to 24 the hardest, with 86.3 million young people representing 44 per cent of the total unemployed in 2006.

The employment gap between women and men persists. In 2006, only 48.9 per cent of women over age 15 were working compared to 49.6 per cent in 1996. The comparable male employment-to-population ratios were 75.7 in 1996 and 74.0 in 2006.

In 2006, the share of the service sector in global employment progressed from 39.5 per cent to 40 per cent and for the first time overtook agriculture, which dropped from 39.7 per cent to 38.7 per cent. The industry sector represented 21.3 per cent of total employment.

 

[Engineer]

Originally posted by: blackangst1

Originally posted by: Evan Lieb
Amazing how great our economy is when we can honestly say 94% employment is low.

You mean high?

He means "low employment" (i.e. 94% is considered low "employment" for the US)...not low "unemployment" (which is anything lower than 5% I'm "guessing").

 

[fskimospy]

Something that's interesting is the idea that the massive expansion of our prison population has something to do with our lowered unemployment rates. We currently have incarcerated a huge amount of people from those prime employment years that aren't counted towards our unemployment rate.

 

[manowar821]

neo-con supporters: "unemployment is GOOD!"

 

[yllus]

Originally posted by: manowar821
neo-con supporters: "unemployment is GOOD!"

You don't have to be a neoconservative to realize that some amount of unemployed people are a requirement in a market economy to keep wages from spiraling upwards.

 

[manowar821]

nevermind

 

[BrownTown]

My company is more or less hiring any live body with an engineering degree right now, so personally I don't see it. In fact what I see alot of is people leaving for MORE money, seems like the employees have all the cards here and its the employers who are fighting over them.

 

[blackangst1]

Originally posted by: eskimospy
Something that's interesting is the idea that the massive expansion of our prison population has something to do with our lowered unemployment rates. We currently have incarcerated a huge amount of people from those prime employment years that aren't counted towards our unemployment rate.

I bet that less than 1% of inmates in for marijuana possestion are fucking up the numbers.

Not that they would work anyway. (THAT was a joke)

 

[blackangst1]

Originally posted by: BrownTown
My company is more or less hiring any live body with an engineering degree right now, so personally I don't see it. In fact what I see alot of is people leaving for MORE money, seems like the employees have all the cards here and its the employers who are fighting over them.

Funny you should mention that. I recently was offered a network engineering position in Seattle 2 weeks ago from a resume on file from 3 years ago lol. They offered me about 10% more than what Im making now, to which the company I work for now offered 12% for me to stay here in Phoenix.

Well, OK. An unplanned raise is good

 

[fskimospy]

Originally posted by: blackangst1

Originally posted by: BrownTown
My company is more or less hiring any live body with an engineering degree right now, so personally I don't see it. In fact what I see alot of is people leaving for MORE money, seems like the employees have all the cards here and its the employers who are fighting over them.

Funny you should mention that. I recently was offered a network engineering position in Seattle 2 weeks ago from a resume on file from 3 years ago lol. They offered me about 10% more than what Im making now, to which the company I work for now offered 12% for me to stay here in Phoenix.

Well, OK. An unplanned raise is good

My ex girlfriend who used to go to ASU said her CD's just about melted in her car there one time. You sure you want to stay in Phoenix??

 

[blackangst1]

Originally posted by: eskimospy

Originally posted by: blackangst1

Originally posted by: BrownTown
My company is more or less hiring any live body with an engineering degree right now, so personally I don't see it. In fact what I see alot of is people leaving for MORE money, seems like the employees have all the cards here and its the employers who are fighting over them.

Funny you should mention that. I recently was offered a network engineering position in Seattle 2 weeks ago from a resume on file from 3 years ago lol. They offered me about 10% more than what Im making now, to which the company I work for now offered 12% for me to stay here in Phoenix.

Well, OK. An unplanned raise is good

My ex girlfriend who used to go to ASU said her CD's just about melted in her car there one time. You sure you want to stay in Phoenix??

lol absolutely. Ive lived in just about every part of the country, incuding Seattle for 14 years, and this is my choice. Although there are 3 months out of the year that are just plain SCORCHING, the other 9 months are heaven. Imagine 200 days in a row knowing it was gonna be 70-90 and sunny. yummy. Not to mention arts, music, and culture are big here.

 

[BoomerD]

I think I know where we could drum up several million jobs in the USA...now all we gotta do is deport the illegals who currently are holding them...The next challenge would be getting the pay for those jobs up enough that folks who aren't illegal would actually do them.

 

[jackace]

On the news this evening they were saying the problem really isn't the unemployment rate at this point. The problem is underemployment or full-time being moved to part-time. They said 2.8 million people this year (nationwide) have been moved from full-time to part-time status many of those positions "career" positions. This leaves many people without medical and dental insurance and smaller paychecks. I know in my area VERY few college grads are getting jobs. The 3 largest employers in my area are not offering internships or entry level positions. This includes engineering, IT, and Business fields.

 

[soccerballtux]

Originally posted by: SSSnail
I guess they can't really hide this shits for much longer eh? I don't think this is factoring in the people that have been out of work for a while and are not even registering on the system anymore.

Unemployment 4-year high

The Labor Department reported a net loss of 51,000 jobs in the month. Economists surveyed by Briefing.com had been forecasting a loss of 75,000 jobs in the latest report.

The latest report brought job losses this year to 463,000. The June job loss number was revised to 51,000.

The unemployment rate rose to 5.7% from a 5.5% reading in June. It was the worst reading since March 2004, and slightly worse than economists' forecast of a 5.6% rate.

waaaaaaah grow a pair

that's only 0.7% higher than the average.

 

[Whoozyerdaddy]

So employment is only at 94.3%?

Dear lord...

 

[Vic]

Originally posted by: Whoozyerdaddy
So employment is only at 94.3%?

Dear lord...

No.

 

[umbrella39]

Originally posted by: Vic

Originally posted by: Whoozyerdaddy
So employment is only at 94.3%?

Dear lord...

No.

I am pretty sure most people realize that there is another 5-10% of the population that have fallen off the radar because they are "no longer seeking work". So his 94.3% is probably closer to 85%.

 

[GrGr]

Originally posted by: jackace
On the news this evening they were saying the problem really isn't the unemployment rate at this point. The problem is underemployment or full-time being moved to part-time. They said 2.8 million people this year (nationwide) have been moved from full-time to part-time status many of those positions "career" positions. This leaves many people without medical and dental insurance and smaller paychecks. I know in my area VERY few college grads are getting jobs. The 3 largest employers in my area are not offering internships or entry level positions. This includes engineering, IT, and Business fields.

This is not surprising in the least. It is very much like the situation in Japan. I think the US will move towards a Japanese situation, where the workers have been living in a severe depression for over a decade, while the big exporters (the top) have been enjoying record profits. Only the top refuse to let any of these profits trickle down to the plebeians.

And much like the US Japan is essentially a one party state. Even if the voters try to vote for change, as they did the last election, nothing changes as the new party has the same policies as the old party... after the election that is. They just do what they are told to do by the monied interests, like any good politicians.

 

[SSSnail]

Originally posted by: soccerballtux

Originally posted by: SSSnail
I guess they can't really hide this shits for much longer eh? I don't think this is factoring in the people that have been out of work for a while and are not even registering on the system anymore.

Unemployment 4-year high

The Labor Department reported a net loss of 51,000 jobs in the month. Economists surveyed by Briefing.com had been forecasting a loss of 75,000 jobs in the latest report.

The latest report brought job losses this year to 463,000. The June job loss number was revised to 51,000.

The unemployment rate rose to 5.7% from a 5.5% reading in June. It was the worst reading since March 2004, and slightly worse than economists' forecast of a 5.6% rate.

waaaaaaah grow a pair

that's only 0.7% higher than the average.

Just pull the blindfolds over your eyes and go on about your bitniz, adults are trying to chat in here.

 

[Whoozyerdaddy]

Originally posted by: umbrella39

Originally posted by: Vic

Originally posted by: Whoozyerdaddy
So employment is only at 94.3%?

Dear lord...

No.

I am pretty sure most people realize that there is another 5-10% of the population that have fallen off the radar because they are "no longer seeking work". So his 94.3% is probably closer to 85%.

If they aren't seeking work are they really unemployed?

 

[dmcowen674]

Originally posted by: Whoozyerdaddy

Originally posted by: umbrella39

Originally posted by: Vic

Originally posted by: Whoozyerdaddy
So employment is only at 94.3%?

Dear lord...

No.

I am pretty sure most people realize that there is another 5-10% of the population that have fallen off the radar because they are "no longer seeking work". So his 94.3% is probably closer to 85%.

If they aren't seeking work are they really unemployed?

The whole "no longer seeking work" is such bullshit.

All these people magically inherit sugar daddies and don't need money anymore?

 

[BoomerD]

Originally posted by: umbrella39

Originally posted by: Vic

Originally posted by: Whoozyerdaddy
So employment is only at 94.3%?

Dear lord...

No.

I am pretty sure most people realize that there is another 5-10% of the population that have fallen off the radar because they are "no longer seeking work". So his 94.3% is probably closer to 85%.

As a rule, this isn't that they're no longer seeking work, but that they've exhausted their unemployment benefits and have given up on finding a job through the state empoyment department. Once you're unemployment runs out, you're no longer "on the radar."