A brilliant deduction made when October is over half done.
Yes, I think even I could say that unemployment will continue through 2011.
I have an idea it will probably last through 2012 too.
OK, so here’s my question:
The US economy is adding a paltry amount of private-sector, non-farm jobs each month; most of us believe even those numbers are cooked to boost perception.
We have been seeing 400K new filings each week for a long time now, so one could assume we’re still bleeding 1.6 MM jobs per month (new losses).
Considering our job growth has been nowhere near able to offset the new job losses, there has got to be a big damned pile of unemployed out there.
How come we hear little about this?
If the chart is divided into two periods (the first six moths and the remaining 4 months) the current trend shows increasing unemployment - not slowly declining unemployment.
The problem here is the public sector, poor public sector, losing jobs left and, well, left. Private sector is doing fine, but being dragged down by the public sector.
Maybe we could pass some more “Free Trade” agreements, I am sure that the easier we make it for Corporations to produce their products offshore using slave labor in third world countries and then allow them to import those products “TAX FREE” will have a positive affect on the Economy./S
WTF does NYC Schools spring break have to do with new unemployment claims? Are the teachers and students collecting two weeks of unemployment for their vacation?
Let’s see, can I make a product on my land here, in the middle of nowhere, and deliver it to points of sale? No? Zoning law doesn’t allow that? Then starve, while we all rough it for awhile. I can’t help you.