U-6 UE Number Falls 2.1% Layoffs at a 13 Year Low

[usaone]

Gas prices are done rising.

U6 is now 15.9% and continues to fall.

You overstate the gloom.

[vl]

What gloom? There's a statistic based on false facts and you're sticking to it like it means something.

This clown comment really made me chuckle... "A rising tide causes everything to go up with it. Rising employment means more taxes being paid on every level and less deficit. With that said Repubs need to get through meaningful reform on pensions. You can throw out statistics all day long the fact is things are getting better, it is very clear on an OVERALL picture. I speak to recruiters every month and they are busier then they've been in over three years. Check the stocks of Robert Half or other recruitment firms to get a real grasp of the employment picture. Sorry Virgil your gun is almost empty, the proof is in the reality."

Read more: notmsnmoney.proboards.com/index.cgi?board=moneytalk&action=display&thread=2960&page=2#ixzz1GO3ZkCiw

So... promising pensions but taking them away at the point of retirement for workers who worked for them, but holding firm on golden parachutes for hired-hand executives who DIDN'T work for them is... okay? I guess, only in YOUR generation. Mine will be starting the NEW currency soon. The one all of US use-- while leaving the old one and it's massive debt caused by making millionaires out of button pushers... to YOU.
How obvious can it be? Your thinking is sick. Reading your conjured data makes me think--- U6... all around.

BTW... the only thing ahead for the GOP is being fried in hot oil. Their agenda is toasted and won't actually help America. Enjoy your raft ride in the Atlantic or that tar and feathering.

[usaone]

Weekly claims came in at 386,000. They have not been this low since early 2008.

The 4 week moving average is now also 386,000.

[verrip1]

The trend is looking good. Good, but awfully slow. Slow progress is always better than no progress.

I sure wish Congress would remove the Fed's dual mandate soon. It shouldn't have a lot of problems passing either house, as Fed bashing is a popular DC sport these days. I suspect Bernanke would be happier if they took out unemployment from the Fed's mandate.

[decoy409]

V_L as to your reply above (#65),you can't debate with kids these days. The vast majority have no concept of what you are explaining to them. When they don't like what you say,they speak foolish or say,'whatever'.

[usaone]

We should see 150k to 300k hiring every month for the rest of the year.

[decoy409]

Geesh...'You buy them books and they chew on the covers'

[verrip1]

Mar 18, 2011 14:40:39 GMT -5 usaone said:

We should see 150k to 300k hiring every month for the rest of the year.

That will be a good thing.

[decoy409]

Say, I am no self proclaimed expert,are you? Or is this another one of those speculation calls,

Quote: We should see 150k to 300k hiring every month for the rest of the year.

Quote: That will be a good thing.

Read more: notmsnmoney.proboards.com/index.cgi?board=moneytalk&action=display&thread=2960&page=3#ixzz1GyzPREnH

'That 'would' be a good thing' certainly sounds easier to digest than 'will.' No foul verrip1,just saying.

[usaone]

Time will tell.

[Driftr]

Mar 18, 2011 14:20:06 GMT -5 verrip1 said:

I sure wish Congress would remove the Fed's dual mandate soon. It shouldn't have a lot of problems passing either house, as Fed bashing is a popular DC sport these days. I suspect Bernanke would be happier if they took out unemployment from the Fed's mandate.

I don't mind the dual mandate, but what I do take issue with is the fact that stable prices are considered to be 2% inflation. That right there is fucking bullshit. I also have a problem with the way we calculate CPI. Only in Berspanke's wettest dream is real common man inflation 2%.

[usaone]

Unemployment claims this week came in at 382,000. Not bad at all!

[workpublic]

my last check comes next week. that should help your numbers.

;D ;D ;D

less people will be on or starting unemployment.

but the same number will be out of work as last week.

[usaone]

The U6 number will still include you.

And it will continue to fall.

It will take a couple years to get everyone back to work.

[Virgil Showlion]

As usual, the only thing that matters is the unfudged numbers.

It will take a couple years decades to get everyone back to work at McDonalds, provided the dollar doesn't implode.

[usaone]

Unemployment for college educated people is 4%.

We need jobs for the under educated Americans....like MCDonalds and the service industry.

[Driftr]

Mar 24, 2011 22:32:12 GMT -5 usaone said:

Unemployment for college educated people is 4%.

And what's the average non-dischargable debt load we're putting on the back of each college-educated debt slave these days?

[usaone]

GDP is 15 Trillion every year and growing. Our debt is spread out over 30 years.

What will our population and GDP be in 10, 20 or 30 years?

20 years from now when GDP is 30 TRILLION and growing EVERY YEAR 1 Trillion will be chump change.

What happened to all the REAGAN debt from the 1980's?

Looks like chump change now!!

[Driftr]

Mar 25, 2011 8:18:51 GMT -5 usaone said:

GDP is 15 Trillion every year and growing. Our debt is spread out over 30 years.

Might be apread over 30, but the average maturity is 5.
static.seekingalpha.com/uploads/2010/4/30/saupload_debt_maturity_2.png

What will our population and GDP be in 10, 20 or 30 years?

20 years from now when GDP is 30 TRILLION and growing EVERY YEAR 1 Trillion will be chump change.

Is GDP growing or is it inflating?

What happened to all the REAGAN debt from the 1980's?

Looks like chump change now!!

It got rolled over and is still there. One additional problem is the debt from the 80's was understated because we raided the cookie jar that was Social Security and now that the jar is empty. People still want the cookies they were promised, we now have to issue actual bills, notes, and bonds to cover those obligations. Oops.

[usaone]

ADP reports on March payrolls tomorrow.

[usaone]

Q1 layoffs were the lowest since..........1995!!!

Q1 layoffs were DOWN 39% over last year Q1.

HUGE NUMBER!

[usaone]

ADP reports 210,000 jobs created in March.

We are on pace for almost 2.5 million bew jobs for 2011.

[usaone]

ADP reports 201,000 jobs created in March.

We are on pace for almost 2.5 million new jobs for 2011.

[Driftr]

201k is nice. Anything >150 works for me as long as we can keep it up. Unfortunate that we saw a decrease from last months gains of 217 (revised down to 208) but still >150 is >150. At least we're treading water and not getting swept any further out to sea. Now for the tough swim back to shore. Hope we have the stamina we'll need.

[usaone]

In my opinion the biggest news is layoffs at a 15 year low. That will give people with jobs....about 85% of us much more confidence to spend or buy a home or whatever.

Confidence is the key. In my opinion. ;D

[usaone]

Career Builder reports hiring is at a 3 year high and climbing!

[usaone]

Private sector added 230,000 jobs in March!!!

U3 dropped again to 8.8%

U6 number not yet available.

Great numbers!!

We are on pace to add almost 3 million jobs this year!

[Driftr]

No movement on the participation rate again. Marginally good sign of stabilization IMO. At least we're still treading water. Or should I say we're still holding on to the deficit spending life preserver? Either way, I don't expect the Govt will take that life preserver away until we're able to at least tread water without all the aid. I'm assuming of course that it'll be the Govt's decision when the ridiculous deficit spending will stop.

[jarhead1976]

Apr 1, 2011 7:59:07 GMT -5 usaone said:

Private sector added 230,000 jobs in March!!!

U3 dropped again to 8.8%

U6 number not yet available.

Great numbers!!

We are on pace to add almost 3 million jobs this year!

...... U-6 went from 15.9 to 15.7 .

[usaone]

Thanks for that.

U6 was 17.3%

Thats down almost 2%.

With the babyboomers retiring the participation rate will be the last data point to fall.

It sure looks like a recovery to me.