Posted on 05/08/2009 5:36:58 AM PDT by navysealdad
Unemployment rate hits 8.9%
(Excerpt) Read more at cnbc.com ...
Buncha amateurs.
I live in Forbes list number one small city where it’s hardest to find a job.
This is the cooked number, isn’t it? Where do we see the real deal?
Don’t bother coming to Oklahoma. No jobs, no work, no money here. Nothing but cows, dirt roads, and stinky old o’l wells.
Unemployment rates rose in April for adult men (9.4 percent) and blacks (15.0 percent). The jobless rates for adult women (7.1 percent), teenagers (21.5 percent), whites (8.0 percent), and Hispanics (11.3 percent) were little changed over the month. The unemployment rate for Asians was 6.6 percent in April, not seasonally adjusted, up from 3.2 percent a year earlier.
The black unemployment rate continues to soar--up from 13.3% last month.
My guess is that the "real" number is closer to 14%.
just a guess, or anything to lead you towards that number?
Yep.
Yeah that’s a cooked number. Real unemployment is around 16% I believe, although it’s virtually impossible to find a media outlet that reports this.
And yet, the stock market is reacting as if this is good news.
I fear we’re looking at a vicious pump & dump about to happen. There is nothing rational to support the market, and with our government’s fiscal behavior, a real recovery is impossible.
We simply cannot return to previous levels of pulled-forward consumption based on debt spending. It’s simply impossible, so I cannot comprehend how people are talking about a “recovery”.
“My guess is that the “real” number is closer to 14%.”
The number that’s usually kicked around reflects those receiving unemployment benefits. There’s another number that includes the “underemployed” (those no longer seeking benefits) that’s quite a bit higher.
Not sure how they weed out small businesses and other self employed...
Not high enough.
When it hist 20% we will see people retake the nation .
I am in Galts Valley now and only buy foreign goods.
The sooner it collapses the sooner we can rebuild.
I’m starting to agree with that assessment.
Although I tend to agree, do you have any link to substantiate your claim?
April U6 Unemployment (the real number) 15.8%
15.8% is about right.
Companies have pared down their debt and deadwood. The herd has been culled of bad companies so there could be a reason as to why the market is improving, especially if many stocks are undervalued based on their P/E.
My problem is the opposite. We have a low unemployment rate and hundreds of new jobs are being created every week.
And I cannot get one, no matter how hard I try. And that is with 20+ years in Information Technology and Project Management Certification.
One company I applied for was looking for a PM to move a data center from one city to another. In the past, I ran projects like that maybe 15 times, moving upwards of 1000 servers, all the communications, storage as well as worked with the architects on the buiding design and data center floor plans.
They tell me I don’t have enough experience to move 100 servers.
Then I apply for a position as a Project Coordinator, doing all the admin. They tell me I am overqualified.
I can’t get a job serving coffee at Valero, and that is with a Help Wanted sign on the window.
I think it is time to go into business for myself. This is ridiculous.
That’s a lot of potential hirees for the Obamakorps.
However, the pre-market is up.
Free cars for them in Boston.
Isn’t it nuts? There are like 6 sets of unemployment numbers, 3 or 4 sets of budget books, and Lord knows what else.
0bamanomics in action.
It's quite easy really, they are dumbing down the public into believing that Obama’s plan is working and undoing what the Evil Bush caused.
That way Obama get his way, while the idiot Lemmings carry on in complete ignorant bliss. After it's too late, there will be no way to ever change it or undo it.
May 7, 2009: Financial Armageddon: attackers retreat shortly before ** TOTAL DISARRAY **
http://engforum.pravda.ru/showthread.php?t=249212
What company do you work for? I want to know so I don't buy it's products or services. See how you like it when your laid off.
Good thing there are not many like you.
In the next county over we have Ann Arbor which has the lowest unemployment rate in the state. However they have the highest number of taxpayer funded jobs.
Interestingly enough, Ann Arbor also made the Forbes list under the medium sized cities. Detroit topped the list for large cities.
Thanks Zed. Table A-12. Alt. measures of labor under- utilization is a big catchall category, in April ‘08 it was 8.9% vs 15.6% in April ‘09.
The reality is that the US Employment situation is approximately 2x’s worse than it was 1 year ago based on all these categories of UNEMPLOYMENT. BHO better get busy on his job creation or he will be facing a big azz whoopin’ soon!
If I were you, I’d think long and hard about why. There has to be a reason. And I doubt it’s the one they gave you. There’s something going wrong for you during the interview process. If they are willing to bring you in and talk to you, it means your qualifications are not the deal-breaker.
And this does not even include the people that just give up.
Go for it! You can have help from the Small Business Administration and other agencies. At least you would be willing to give jobs to people who are willing to give a honest day work.
“My guess is that the “real” number is closer to 14%. “
Thanks Obamachev....
Or we will see the nation partake of the people.
Project Managment Certification as in PMI PMP?
With all of these billions being spent like candy WHY why why is the SBA not being pumped with money to be open to more small business loans?
Very interesting post/thread. BTTT!
Ann Arbor also has a boatload of students looking for any kind of work they can get, and townies who will take any kind of work they can get just to live in Ann Arbor.
It's been that way for, well, forever.
Small business is the bane of Communism and Socialism.
Don’t wait. If you can go into business for yourself, do it. In the long run you will be much happier having total control of your own destiny.
I wouldn’t count on the people rising up to retake the nation. Roosevelt proved that no matter how bad it gets, the people will back you if you use soothing tones.
“In the past, I ran projects like that maybe 15 times, moving upwards of 1000 servers... They tell me I don’t have enough experience to move 100 servers.
Then I apply for a position as a Project Coordinator, doing all the admin. They tell me I am overqualified.”
.
But I’ll bet they have a cheap H-1B or L-1 lined up who is a perfect fit for that job “no American is willing/able” to do.
/exctreme sarc
That’s a lower number than was cut in March. It seems to be on the right trend, no?
Bullcrap you pseudo-Okie.
Heh heh...missed the joke on that one, eh? That’s what I like to tell people about Oregon as well.
“That’s a lower number than was cut in March. It seems to be on the right trend, no?”
.
I wouldn’t be so sure about that. It seems to me that the actual # of jobs cut is frequently updated/increased after the original release.
And don’t forget 138,000 legal new workers are still being imported each month.
The higher pay of Washtenaw county is why I landed here snuggled up against the county line. Much cheaper living in Jackson county and working in better paying Washtenaw. Funny thing is that they whine about us taking money out of their county but can’t connect their taxpayer funded salaries to the taxes we pay.
In my experience, the college kids won’t work the factory jobs. Those are mostly taken up by Jackson and Lenewee county people.
Still, it seems like a “mustard seed” (a little Larry Kudlow lingo there). Employers are cutting LESS jobs than they have previously.
I’ve contemplated starting up a company that paints things green. I’ll bet that there would be unlimited grants and gov money available. Depends on the definition of “green”.
Thank you.
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