Posted on 03/09/2010 8:55:31 PM PST by Kartographer
Friday's jobs report showed some glimmers of a recovery but if you're among the 8.8 million Americans still unemployed after nearly four months, you may have been left scratching your head.
You're not alone.
"Whether you say the jobs market is improving or getting worse, there are people who will say you're crazy," said Lakshman Achuthan, managing director of Economic Cycle Research Institute. "That's because there are two Americas, and they're both right."
(Excerpt) Read more at money.cnn.com ...
These horse’s asses are delusional. They actually believe the crap they report.
They think hiring 750,000 census workers is a great thing for the unemployment figures.
Good God.
Right. Losing only 36,000 jobs is a recovery!? Need to create 125,000 a month just to stay even, which means we fell behind another 161,000 jobs. Some recovery.
CNN must think unemployment is good because it will increase its viewership.
The manufacture jobs have gone overseas, few if any will be back
We continue to ignore our own energy supplies, while spending our Grandchildrens money to buy oil today.
With the Greenies waging total, unrestricted Lawfare, this Nation is going nowhere - fast.
Hard, hard times are coming, I hope we are ready for them....
CNN/Money’s new line will be Obama’s Depression is the new normal.
The idiots out there watching college ball and reality TV will forget Bush had 5% unemployment.
Thank McCAIN-Feingold for the 2006 Dem Congress that wiped everything out.
uhhhh what jobs...???
I got laid off today. Was working as an project engineer in the petrochemical business. That industry is essentially shutdown to the bare minimum. They’re in stark fear that they’re next to be nationalized.
Its not lookin’ good down here in the oil patch these days. Fortunately, we saw it coming back in Oct. 08 and started preparing for it. Paid off the house and vehicles completely and started saving as much cash as we could. Spending went to the bare essentials only. Still, its a very eerie and uneasy feeling not having a place to go to work in the morning. I’ll start the seedlings for our garden this week inside, do some work around the place and generally wait & see if/when there is ever a turnaround in the employment picture. I don’t have my hopes up until we get rid of the POS in both Congress and WH.
You are correct, except that they are here already. We are not as bad as the Great Depression, but our economy and immediate future are more stagnant than during the Carter years. Right now the stock market fluctuates based on the value of the dollar; other than that, it has been stuck in neutral for about 5 months. Over the last 3 weeks the dollar has gained in value (very modestly), but that is only because we suck less than much of the rest of the world.
Are you kidding? It's sliding backwards downhill, and they've got the accelerator floored just to hold it in place ... that magic 10,000 number.
I can still remember when the libtards and progressives were busting Bush’s man dangles for creating temporary jobs when he was touting job creation......anyone? When compared with Jack Squat Barry, the only thing I have seen is temporary census jobs and jack squat.
Sorry to hear of your loss. It sounds like you got yourself in a reasonable position financially with some forethought an plannnig. Nonetheless, it is never pleasant to find out your project has been canceled. Blessings to you and your family!
I’m sorry you were laid off today.
If by having the accelerator floored you mean that the M1 money supply is up over 30% before the financial crisis, then I have to admit you are correct. Once fed monitary policy is tightened, the market will most likely slide back some.
People will be tempted to rely upon the government to solve the current economic crisis...this may be a bad plan of action.
Instead of waiting for the government to bring back old jobs, most people should mentally accept that once laid off, the old job is never coming back. Obviously this is tough to do, as humans aren’t really programmed that way.
Employers are currently *swamped* with hundreds of resumes per day for any salaried job opening; if you get hired into a salaried job today, this year, or within the next 5 years, you have essentially won the job lottery. Congrats! Most people won’t be so lucky. Mailing off your resume is roughly the same as buying a lotto ticket; very similar odds now.
So what to do instead of emailing thousands of resumes...or instead of giving up and eating chips on your couch all day long?
Make your own job. Fish. Sell your catch. Pan for gold in national parks. Cut firewood. Recycle aluminum cans. Drive a taxi. Buy a tow truck. Put an ad up on Craigslist.org that you will haul large trash away and clean up property.
Learn locksmithing (vacant, foreclosed homes need their locks changed).
Teach firearms safety. Baby sit kids. Teach swimming. Teach sailing. Be the local parasail guy. Teach surfing. Scavenge tires from tire store discard piles. Grow/sell veggies. Be a sharecropper. Be a share-rancher (e.g. run cattle on someone elses land by paying them a grasslease fee).
Make your own job. Grab a metal detector and walk the beach. Search for treasure.
Brew your own bio-diesel and sell your surplus. Get the proper permits and make your own moonshine or beer. Ditto for tobacco; handroll specialty cigars.
Make your own job.
Above and beyond the money supply, it’s become pretty obvious that something akin to the long-rumored PPT is buying to shore things up.
Pretty neat trick when you think about it, “print” but don’t let it into the broader economy, just buy your own bonds, thereby financing continued boondoggles (and keeping mortgage rates down), and buy stocks with it via intermediaries so the sheep don’t stampede for the exits.
Despite all the smoke and mirrors, there are a few who know where the bodies are buried in all this mess, and oddly enough, they still get their mega-bonuses by way of the government trough.
It has a bit of an aroma of a quid pro quo, when viewed in this manner.
I would add to your analysis that banks have gotten smarter and have tightened their lending standards (to both individuals [credit cards, mortgages] and businesses [small and those with junk bonds]) which has kept much of the money out of the broader economy. But you are correct, the money is going from the printing presses to the US Treasury.
If you’ve managed to keep your credit score in decent shape by paying on time, there is credit galore, and cheap. I’ve had a very rough patch since the spring of ‘08, lost a fair amount of money, had to shut down my business and go to work for a former customer, sold my nice cars and bought a used one for cash, sold my lake house ... basically pared down to the bare minimum.
Income’s off by almost two thirds, too. I’ve been on a near austerity budget, personally. But, my credit score is higher than ever. Refi’ed for cash out on the one house I still have, a few months back, 15 year, 4.125%. No trouble whatsoever.
Been there. Done that. Lost our asses. I'd give anything to have my savings back now that was invested. I wouldn't have to be praying that we Conservatives are successful in stopping unemployment.
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