Sharp plunge in U.S. jobs (Media wishing recession on us alert)

CBS Marketwatch ^ | 04/04/03 | Rex Nutting

[Grampa Dave]

The economy started its tank as you noted during the Clintoon administration. Then 9/11 tanked the market and economy again. Then the week after Jeffords came out of the Closet in May of 2002, the market and economy tanked again. The most recent tanking happened when the armchair generals said that we were losing the war.

My point is with all of these left wing articles, particuliarly from the Clintoonian BS net try to make it appear that our economy is one of the worst in the world. They hammer about our unemployment being somewhere around 6%. They never note that the so called great French and German economies and many other nations are consistantly with unemployment rates over 10% to 12%.

[RnMomof7]

Apparently not. I live in a First World Country whose residents have education, skill, innovative panache and a relentless work ethic. I expect flushing toilets.

Well I live in an area with an actual unemployment rate of 10 or 15% ..Thousands of Manufactuing jobs gone leaving men in their 50s with no income, no health insurance and only jobs cleaning those toilets.

My dad used to say do not spit up in the air it always comes down in your face.

As American engineers are replaced with cheaper imported foreign engineers and entrance level tech jobs move to India.. I would suggest you save those National geographic..you may need them for toilet paper

Remember that a rising tide lifts all boats? Well a recessing tide grounds all of them too

[ArneFufkin]

Was your Dad a bulemic?

[ArneFufkin]

Sorry, you are way short of a dust bowl depression.

Seven kids?

[ArneFufkin]

Here we go! Now....what to do with the millions of illegal aliens who came here to take the jobs "we didn't want"?

Ooooh! Ooooh! Call me! Oooh! Oooh! Call me! Call me!

What is .... work jobs you originally wanted Alec?

[RnMomof7]

Yep..all raised

Have you ever heard the saying if your neighbor is out of work it is a recession..if you join him it is a depression

The economy is not in good shape unless you work for the governemt you sit on a melting job base.

Our kids are raised..5 of them college educated one career military.All doing fine, as are we. But only the foolish do not see the train coming down the track...

It used to be education was the door to a better life..today it just means that you may get that mangers position at Walmart for $25,000 a year..

We need all to be very afraid for the future..and the impact of the "New World Order"

[RnMomof7]

Was your Dad a bulemic?

My Dad was a successful business man that knew what life was like.

My kids say "what goes around comes around"

The Eastern religion folks call it Karma

The Bible says " the measure you use to measure other is the measure used to measue you" And warns against digging a pit for another because you will fall into it

All another way of saying "if you spit up in the air it come down in your face"

I had a very smart Dad

[ArneFufkin]

Step back and take an inventory of your impressive life and worldly blessings PLEASE. Get some positive energy going for God's sake.

[ArneFufkin]

You are a remarkable woman. Your accomplishments are many ... why wouldn't the prospects of your life going forward be wonderful and unlimited? We are the luckiest people in human history to live here now.

It is YOUR duty to help your friends who are down for the round. You know how to scrape and battle and enjoy little victories. Teach them how to channel that feeling of "no other alternative". ;^) <p? They need to answer every bell.

[ArneFufkin]

Dave, I saw what happened when a energized mayor of St. Paul (Norm Coleman) sat down with his staff and crafted a business plan for St. Paul. He created a vibrant, prosperous and well managed city from what was a dying downtown and divisive neighborhoods. He got a new arena built, he lured an NHL franchise and his salespeople are getting concerts, trade shows, college tournaments and political conventions while the Minneapolis based Target Center sits like Buddah. St. Paul has become a destination for nightlife after nothing. He built a Science Museum and cleaned up everywhere. The first day the new CEO of 3M took office (McNearny?), Coleman and his Economic Development team were in the lobby at 7:30 am for a welcome wagon. 3M has kept every St. Paul operation at full speed. Coleman understood his job as chief salesman and hired a superpro to manage nicky nack goodness - garbage pickup, snow plowing, traffic lights, police fire etc.

That's how ya do it! You have to compete hard, and innovate ceaselessly to create economic value in this world. Whether a city, business or individual. We get better all the time, we're Americans.

[A. Pole]

Move to Germany, France or Canada. Take your gold with you.

On the second thought I find it a very weird proposition. So if someone says that Germany, France or Canada calculates the unemplyment differently so it appears to be higher, he should emigrate over there. Strange logic.

[A. Pole]

Each month, 1,500 highly trained and experienced Census Bureau employees interview persons in the 60,000 sample households for information on the labor force activities (jobholding and jobseeking) or non-labor force status of the members of these households during the week that includes the 12th of the month (the reference week). [...]

Hmm, I do not buy the 5.8% rate. Please tell me, how one can join this special 60,000? Maybe they get hiring preferences?

[MattAMiller]

Not that anecdotal evidence means much but I saw a huge upswing in the number of IT jobs in the paper this morning.

[Feldkurat_Katz]

>>Move to Germany, France or Canada. Take your gold with you.

>On the second thought I find it a very weird proposition.
>So if someone says that Germany, France or Canada
>calculates the unemplyment differently so it appears
>to be higher, he should emigrate over there.

I have seen people migrate for all sorts of reasons, but Grampa Dave's idea that one should emigrate because other countries' governments compute statistcs differently, is kooky.

[DBtoo]

I don't live in California; I've never been there in my life. I would not want to live in California either because they are having the same problem with immigrant over-load.

No, I felt I didn't need to learn Spanish, the immigrants need to learn English. English is the official language in this country, not Spanish.

You are right about one thing though, it is easier to get a job in Houston if one speaks Spanish; many job ads include the line bi-lingual preferred. Plus, I wasn't desperate for a $8 an hour job, which is becoming more and more common there; wages have dropped considerably in the past decade in the Houston area. But to you that is probably a GOOD thing.

[DBtoo]

So, did YOU learn to speak Spanish as a second language? Probably not, as you are most likely some "business" executive who pays your peons $7 an hour, while making a fabulous salary for yourself. Special people like you don't need to learn Spanish.

[DBtoo]

You make a good point; the economy is not doing too well anywhere in the world at this point; however, we are still doing much better than most other countries.

[DBtoo]

Even PhD chemists are having a hard time finding jobs. The sciences are having hard times now, except for the biotech industry, and yet the other day I read they are not hiring as much now either.

You are right about educated men in their 50s who are suddenly finding themselves out of work. We know so many people in that situation, many can now only find jobs working in stores and such. I am very grateful our situation is good, for now at least, unless the stock market totally crashes. We are also lucky as we both have good jobs.

[DBtoo]

The Bible says "the measure you use to measure others is the measure used to measure you" And warns against digging a pit for another because you will fall into it

I like that! And it is so true! I hope Arne thinks about that one at least for a little bit, that is if his mind is capable of processing such concepts.

[DBtoo]

Just how on earth is she suppose to help her friends who are jobless, when there are more people than jobs out there? Of course they could work for you and make their $7 an hour. That could maybe pay for their groceries if they're lucky.