I've never been zotted. Does it hurt?
Posted on 12/10/2004 12:12:30 PM PST by So Cal Rocket
Orange County’s unemployment picture improved dramatically in November, with the local jobless rate falling to its lowest level in three-and-a-half years as builders, hotels and restaurants, and accountants, lawyers and other professional service providers added to their payrolls.
As a result, the county’s unemployment rate fell to 2.9 percent last month, the state Employment Development Department said today, its lowest level since May 2001 and down from 3.6 percent a year ago. The number of officially unemployed people in the county also fell to a three-and-a-half-year low of 46,900.
California’s labor market improved last month as well, the EDD said. The state’s jobless rate fell to 5.7 percent in November, its lowest point since September 2001, and down from 6.6 percent in November 2003.
(Excerpt) Read more at ocregister.com ...
Amazing. I guess Dims will be overjoyed (/sarc).
Hey, if the freeway traffic did not drive you mad the price of gas for the commute would drive you broke. Seems like the only place to look if you live in the inland empire, though, is Orange County. That or the casino.
Says who?
ping
Hey that is great!
Orange County is the Oasis from all of that
Sometime next year, they will start shrieking and whining about inflation.
They have some guy in a green eyeshade who gives the whine-on-command signal.
They have some guy in a green eyeshade who gives the whine-on-command signal.
Actually it is the elitist rats in charge of the left wing MSM. They control all political spewing of the rat pack.
Whatever............they're talking to themselves......the rest of us aren't listening.
Most economist believe that there is a trade-off between employment and inflation.
Anyway, the supply siders have a bunch of theories that rest on 'overemployment' causing inflation. In fact, I believe the entire neocon world view of economics rests on this premise. I simply don't buy it. It makes since that everybody has money so they're all out running up prices on everything. But that isn't really what happens. The supply of stuff to spend those dollars on automatically increases to meet the demand.
Inflation is all about the supply and demand for money. When the gov't has a loose money policy, more money gets borrowed which raises the supply. If this moves faster than demand, you get too much money out there which means inflation.
I agree that controlling inflation should be the top or one of the top priorities. But I also think it could be held even lower than the 2.5% or so that we seem to be able to hold steady. You can still have everyone employed, but you need to watch the money supply pretty closely.
"supply siders have a bunch of theories that rest on 'overemployment' causing inflation"
The economics class I took in college was about ten years before the advent of supply siders. The book that popularized supply side economics is The Way The World Works by Jude Wannaski. It introduced the Laffer curve to the populace and was influential in the Reagan administration.
Reagan was converted to supply side theory by Jack Kemp. It was easy because Reagan was so old that he learned economics before Lord Keynes replaced Adam Smith as the father of economics.
Don't dismiss the inflationary impact of a tight labor market both by creating shortages in bottneck points as well as the wage-push factor.
I've never been zotted. Does it hurt?
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