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

[usaone]

This weeks number 398,000!!

Number may be revised up, but still heading in the right direction!

[Aman A.K.A. Ahamburger]

The supply line is back online sooner than thought!

[lifewasgood]

Get ready for another round of layoffs coming to a hometown soon!

[decoy409]

Say this title of this post is starting to pay off!

Nothing like 30,000 layofss to the banking sector while the bank reports major profit hey.

And it looks like the market players are starting to accept reality,well most of them as PPT is being summoned to get some 'cake' (I know some love that word on the board as what resonable type person would use such a word ) out and throwing more casino chips in to keep SUPER MILKER up and running.

[Small Biz Owner]

Wrong! Wrong! Wrong!

The numbers are BOGUS!

Got that right! Care to provide a source for your information OP?

[usaone]

Still lower than fall of 2009. If your small business is struggling look in the mirror.

[Small Biz Owner]

And the fall of 2009 was 13 yrs ago?

[Deleted]

I believe the problem is the "title" of the thread

But what do i know....

[usaone]

It must have been the end of the world 17 years ago then. If we made it back 17 years ago we will do it again.

These recessions shake out all the riff raff. The strong survive and prosper and then we do it all over again.

[Small Biz Owner]

17 years ago the highest rate was not even 12.5%. We are at the worst level in over 17 years. Actually longer. Since the recession of 1981, 30yrs ago.

[Small Biz Owner]

These recessions shake out all the riff raff.

That is your opinion of your fellow unemployed Americans?
Riff rafF?

[usaone]

Im talking about the companies that went under. Yes I will update the title of the thread after we get an update on Friday.

If you have an education you have a job.

[Small Biz Owner]

I'm talking about the companies that went under.

So fellow Americans who had a company and were forced out of business are the riff raff?

And the TARP, TALF, Detroit Auto bailouts, Stimulus I, Stimulus II, cash for clunkers and other programs to save the economy are over.

Which means, according to you, without all that artificial stimulus we are in a slow recovery?

Feel better now?

[usaone]

Yes we are still in a slow recovery and yes the weakest companies are the ones that go bankrupt first.

[Small Biz Owner]

And this employment news just in this morning.

Announced U.S. Job Cuts Jumped 59% in July Bloomberg

Planned firings climbed 59 percent from July 2010 to 66,414, according to figures released today by Chicago-based Challenger, Gray & Christmas Inc. Job-cut announcements were led by the pharmaceutical industry, which included drugmaker Merck & Co.’s plans to eliminate as many as 13,000 jobs


www.bloomberg.com/news/2011-08-03/announced-u-s-job-cuts-jumped-59-in-july.html

[Small Biz Owner]

So fellow Americans who had a company and were forced out of business are the riff raff?

Yes we are still in a slow recovery and yes the weakest companies are the ones that go bankrupt first.

Glad to know that you consider your fellow Americans who had companies and businesses riff raff.

[usaone]

The strong survive. Thats the American way. If you have a good education and if you didnt buy a house you could not afford you will be fine.

Sounds like your business isnt doing too good.

[Small Biz Owner]

Sounds like your business isnt doing too good.

And if I fail, I am just more riff raff according to you.

Sorry to dissapoint you, so far.

Re: Unemployment at a 27 year high.
« Reply #2 Today at 6:37am »

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I pay higher than most of my competitor's, but most of those Midwest transplants coming to Texas looking for jobs are listing previous wages of $20.00 or more an hour. We pay $12 to $15 entry level plus full benefits. In the past 2 years most kept on looking for higher pay.

This summer we have had at least triple the number of applicants over the last 2 years, and we are not advertising, nor do we have any openings. However the expected pay rate has gone from "I used to make over $20.00/hr" to "I will take whatever you offer" for most of them. We still take applications just in case we have unexpected turnover.

[usaone]

ADP reports 114,000 new jobs created in July not bad. That along with the weekly claims dropping below 400,000 suggests hiring is picking up again.

[Small Biz Owner]

ADP reports 114,000 new jobs created in July not bad. That along with the weekly claims dropping below 400,000 suggests hiring is picking up again.

As the unemployment rate ticks up back over 9% and climbing.......

[usaone]

Yes this is a recovery.

It has been said since 2009 that it will be a sloooooooow recovery. That is what we are seeing. Consumers continue to de-leverage.

[decoy409]

Well nothing is at a high,except for DEBT. As far as barbecued numbers on the old employment and the lack of undertsanding pushing nonsense is a trend all over.
So while the melt continues enjoy some more fudging of the numbers.

[Driftr]

Jul 28, 2011 22:24:07 GMT -5 usaone said:

This weeks number 398,000!!

Number may be revised up, but still heading in the right direction!

May be revised up? Yeah. The sun may set in the west tonight.

I'm sure you're looking at the bright side though. After the revision, claims fell 1k this week. Woo Hoo!

[usaone]

Yes we are right at 400k.

[Virgil Showlion]

May be revised up? Yeah. The sun may set in the west tonight.

Eloquently put, sir.

[Small Biz Owner]

I like the way they massage the numbers for the masses.

398,000 new claims 2 weeks ago
400,000 new claims 1 week ago GASP! claims went up!

White house adviser to POTUS. "We can fix this, adjust the 2 week number up to 401,000"
401,000 adjusted new claims 2 weeks ago
400,000 new claims 1 week ago

Now they went down, everybody happy now ;D

[Small Biz Owner]

Need a link to the adjustment?

August 4 Weekly First Time Claims: 400000 - Last week's adjusted ...
The Labor Department says that applications for unemployment benefits edged down
1000 to a seasonally adjusted 400000. That's the lowest level in four ... The
previous week's figure was revised upward from 398000 to 401000.

www.unemployed-friends2.org/t3359-august-4-weekly-first-time-claims-400000-last-week-s-adjusted-to-401000

[Driftr]

No. We don't need a link SBO. We've been discussing the revisions for many months now. There was one month without a revision, but I attribute that to the 'broken watch is right twice a day' concept.

[lifewasgood]

The delta between the numbers is in the weeds and meaningless.

[Small Biz Owner]

No. We don't need a link SBO. We've been discussing the revisions for many months now.

Sorry guys, been busy and not fully reading the boards for a while.