Unemployment falls to 8.8%

[Value Buy]

What are they smoking?
Nothing has changed, people are still unemployed.I do not see any improvement here in Indiana...........

[Value Buy]

Maybe the Government believes in April Fools Day

[workpublic]

i got a low paying contract position for maybe a year or two. that's probably what happened to the numbers. ;D ;D ;D ;D

[Value Buy]

I type in "ProBoards Rules Change" and it comes up "proboards Rules change".
Modify it, and it is still there

Edit: what I was trying to say, but Proboards was playing with us, was ProBoards Rules Change"
It should be ok now, as it looks like they opened the gates at noon.

Nope. Still playing with us on A-P-R-I-L...F-O-O-L-'-S-D-A-Y-

[Value Buy]

I cannot get 04/01 to post in the two other posts

[floridayankee]

Apr 1, 2011 8:50:50 GMT -5 Value Buy said:

What are they smoking?
Nothing has changed, people are still unemployed.I do not see any improvement here in Indiana...........

Pass the Dom Pérignon and Cohibas...good times are back!

MARCH 10, 2011 - Florida unemployment rate 11.9 percent, down from 12 percent

[jarhead1976]

Lets see unemployment down.... mortgage defaults up ? globaleconomicanalysis.blogspot.com/2011/01/non-agency-mbs-default-rates-by-state.html

[floridayankee]

Apr 1, 2011 9:37:56 GMT -5 @jarhead1976 said:

Lets see unemployment down.... mortgage defaults up ? globaleconomicanalysis.blogspot.com/2011/01/non-agency-mbs-default-rates-by-state.html

Don't forget jarhead...many banks had a hold in place to review their foreclosure process after the whole robo-signers issue surfaced. I'd expect increases as more lenders complete their reviews and begin foreclosures again.

[jarhead1976]

Its a disaster not yet over I am afraid. I know many people that are not paying their mortgages. They have not paid them for some time. One person has lived in the house valued at a million, in today's market ,for over 2 years. I have no respect for them or the bankers that allow this practice to continue.

[workpublic]

"shadow inventory"


www.doctorhousingbubble.com/shadow-inventory-southern-california-huntington-beach-foreclosure-million-in-loans/


blog.memphisdailynews.com/?p=1967

macrostory.com/?p=1722

survivalandprosperity.com/2011/01/25/a-closer-look-at-housing%E2%80%99s-%E2%80%98shadow-inventory%E2%80%99/

[ameiko]

Wow, if true, it looks like business is relaxing now that the GOP is there to give some balance to the business hating, anti-capitalist, tax raising and government spending left.

I might be biased though...

[SweetVirginia]

People are getting hired but the new jobs are not necessarily decent living jobs. Just my opinion.

[AgeOfEnlightenmentSCP]

We have the lowest number of employed in 30 years. They are focusing on the "percent" and of course if there are 0 jobs and 0 people working- you've got 100% employment.

[handyman2]

I do not know where all the hiring is going on at but I know it is not in my neighborhood. We just had another plant close and move. Now our unemployed numbers went up.

[Deleted]

I kind of guessed that this would be a slow recovery & it has turned out to be. Government stimulas does work but it can't turn everything around quickly. I think that there is a point where throwing more money into spending just doesn't work. Hopefully this recovery will build up & take off in 2 or 3 years.

[Angel!]

Apr 2, 2011 0:13:35 GMT -5 AgeOfEnlightenmentSCP said:

We have the lowest number of employed in 30 years. They are focusing on the "percent" and of course if there are 0 jobs and 0 people working- you've got 100% employment.

Ok, now you are just making things up. In 2010 there were 139 million employed. 30 years ago, there were 99 million employed.

bls.gov/cps/cpsaat1.pdf

Nice try though. (You also seemed to be a little confused on how they calculate the % of workforce that is employed)

And they focus on percentages because that is the easiest way to compare today to historical numbers. Comparing raw numbers doesn't account for the change in the population size.

[fairlycrazy23]

Well percentage employed is at a 16 year low, %58.5 in 2010, %59.5 1984.

The reason employment dropped so hard and is slow to recover is two fold, first there where way to many resources allocated to housing and related industries, this was do to artificial inflation for the demand for houses and it takes time to move the resources (potential workers) around, many will require moving into fields other than what they where in before and may not be suited for these jos. Second, companies are still unsure on how everything is going to play out tax and federal regulation wise, so are reluctant to expand since hiring new employees could be cost prohibitive. Plus multinational companies are still unsure of the future US monetary policy so will be hedging there bets by expanding outside the US.

[Angel!]

Well percentage employed is at a 16 year low, %58.5 in 2010, %59.5 1984.

Actually that would be a 26 yr low .

But, I believe PBP was referring to the number of people, not the percentage. If he was referring to percentage, then he should have said the lowest percentage of employed in 30 years.

I also assumed he meant number since he then rips on the idea that "they" are focusing on percentages & tries to point out that is a stupid way to look at things.

[Virgil Showlion]

People are getting fed up and giving up their job searches.

Food stamp usage shows the real picture:

[mmhmm]

The chart you show, Virgil, indicates a steady rise since late 2007, but appears to be leveling off in Jan., 2011. I know our expenditures in this area are holding steady, with no real rise occurring. We'll have to see what the future brings.

[Angel!]

Apr 4, 2011 11:55:32 GMT -5 mmhmm said:

The chart you show, Virgil, indicates a steady rise since late 2007, but appears to be leveling off in Jan., 2011. I know our expenditures in this area are holding steady, with no real rise occurring. We'll have to see what the future brings.

I do wonder if the increase has anything to do with more people being aware that they qualify. I know locally I have heard tons of advertising for SNAP & telling people to check the website to see if they qualify. Previously only about 50% of people eligible in my state were actually in the program, but I don't know if that has changed.

Note - I do realize the economy also had a significant impact, I am just wondering if that is the only factor in the increase in the program.

[mmhmm]

I think getting the word out also increases enrollment, Angel. Some people who are really having a hard time don't know they could get help. I do expect the figure to rise again, however. This economy is going to really tax the resources of those who have been living close to the edge. It's going to be very hard for them.

[fairlycrazy23]

Apr 4, 2011 11:27:27 GMT -5 Angel! said:

Well percentage employed is at a 16 year low, %58.5 in 2010, %59.5 1984.

Actually that would be a 26 yr low .

But, I believe PBP was referring to the number of people, not the percentage. If he was referring to percentage, then he should have said the lowest percentage of employed in 30 years.

I also assumed he meant number since he then rips on the idea that "they" are focusing on percentages & tries to point out that is a stupid way to look at things.

Well, true, but I still think that chart shows what a dire situation we are still in now.

[Virgil Showlion]

but appears to be leveling off in Jan., 2011

The red line is the victim of smoothing effects at the end. The Dec-10-to-Jan-11 gain was about 100,000--right in line with all previous months.

[Angel!]

Apr 4, 2011 14:26:39 GMT -5 fairlycrazy23 said:

Apr 4, 2011 11:27:27 GMT -5 Angel! said:

Actually that would be a 26 yr low .

But, I believe PBP was referring to the number of people, not the percentage. If he was referring to percentage, then he should have said the lowest percentage of employed in 30 years.

I also assumed he meant number since he then rips on the idea that "they" are focusing on percentages & tries to point out that is a stupid way to look at things.

Well, true, but I still think that chart shows what a dire situation we are still in now.

I am not disputing that at all. Things are still bad all around. I just feel the need to correct people when they throw around completely inaccurate stats to make their point. Made up data is one of my pet peeves.