Unemployment at 8.1% U6 at 14.8%

[alchemize]

Originally posted by: Genx87
It is fugly right now. The only thing I am praying for is we hit rock bottom very soon.

There have been some signs of that...retail sales, ISM, consumer credit all appear to be bottoming.

/hopes

 

[Jaskalas]

Originally posted by: alchemize
This thread is stupid. I want to talk about Rush Limbaugh, and Obama's teleprompters.

:thumbsup:

 

[mugs]

Originally posted by: Jiggz

Originally posted by: Rustler
We had 5 laid off yesterday,1 with 14+ years, 1 with 30+ years................less people working less tax revenue for the FED.

And more tax for those still employed!

No... just a bigger deficit.
(Except for a very small percentage of people who will have their taxes raised)

 

[StageLeft]

Originally posted by: nullzero
Its pretty grim out there. I think we will be around 20% on the U6 in 3 to 4 months or less, and over 30% on the U6 by January of next year. Just wait for this years upcoming holiday season when hundreds of retailers throw in the towels and the consumer spending drops to catastrophic low levels.

I'll bet you money that we won't see 20% on the same gauge as the current 8.1% in that time frame. Ultimately who knows where it will get, but 3-4 months a more realistic target is 9-10%, IMO.

 

[JS80]

Originally posted by: Skoorb

Originally posted by: JS80
crazy...our headcount grew by 20% in the past year

You work at a bankruptcy firm?

dot com

 

[Hacp]

Obama's already presiding over the steepest drop in unemployment in recent US history. Right now, anyone is better than Obama. He's doing a terrible job. Lets get Rush in there and he'll fix things up real fast. Less taxes, less government, more jobs.