Posted on 06/30/2010 8:11:40 AM PDT by MNDude
any predictions what unemployment will be reported at? 10%?
With only 13,000 jobs and what 250,000 college grads looking I don’t see a very pretty picture.
Prediction: “Unexpectedly” unchanged at 9.7%.
Consensus is 9.8% and a loss of 100,000 jobs...that’s according to Bloomberg News.
The real unemployment rate will be hidden from us.
That’s my “unexpected” prediction.
I think the question should be, how many loafers did the Fed hire to pick up tar balls on the Gulf? If you know that number, then figure they have been hired and fired at least 4 to 5 times in order to get the “multiplier effect” that comes with government jobs. Remember, they are allowed to only work for 20 minutes per hour and must wear full bio suits. Given all of that, the number could be in the millions.
I think they will do whatever book cooking is necessary to keep it below 10%. Kind of like the mind game of charging $2.599 for gas instead of just rounding it up to $ 2.60.
...Unexpectedly to be followed by Saturday and a golf game with a party later?
Is it going to be ‘unprecedented’ and ‘historic’? /s
Whatever the number is, it will be TOTALLY unexpected and will cause markets to drop. Nobody but those with common sense will expect this!
With the dropping of unemployment compensation, the unemployed numbers will actually fall....as discouraged job seekers drop off the face of the earth and begin to receive welfare instead.
For the time being unemployment will stay about the same (meaning: it will rise but only because of the way the numbers are reported)
750,000 jobs lost and unemployment ‘remains unchanged’... defying all mathmatical laws but no one questions it because it came from the holy mouth of Obama.
That’s the unexpected part every month. Hundreds of thousands of jobs lost and yet the official number remains the same.
By the way, just got a call from the Census Bureau, need me back for a month. Not sure why, but sending me to training tomorrow and will be working for 3-4 weeks. I need the money, but at this point I am just curious as to what ‘hole digging’ work they are planning to keep numbers up. Census was completed in my area nearly a month ago.
I’m thinking Barry has a surprise cooked up for this week; the reported number will be much better than “expected”.
I’m thinking a lot of those census jobs that were padding the employment numbers will be gone.
“By the way, just got a call from the Census Bureau, need me back for a month. Not sure why, but sending me to training tomorrow and will be working for 3-4 weeks. I need the money, but at this point I am just curious as to what ‘hole digging’ work they are planning to keep numbers up. Census was completed in my area nearly a month ago.”
***
If they’re sending you to my house, better bring your firearm. :)
Ten percent unemployment is politically untenable. Therefore, it is kept at 9.7% or some such figure.
Correct me if I am wrong,
I don’t think that the unemployment number includes new high school or college grads entering the job market. Don’t think they can collect unemployment. Also numbers don’t include
employees that have taken ‘voluntary’ retirement and are collecting social security.
IMHO, the real issue is the under employment and the decrease in the resulting tax revenues and most importantly corresponding decreases in purchasing in the consumer economy.
No first time home buyers
No new car purchases
...
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