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VVance
6599 Posts |
 Posted - 07/02/2009 : 11:07:00 AM
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I have a hunch this will be the next big spin. Eh, the economy will recover without jobs.
Get Ready for a Real Jobless Recovery: Employment Woes to Last Longer Than Normal
Posted Jul 02, 2009 01:31pm EDT by Peter Gorenstein
Stocks are falling today after employers cut 467,000 jobs in June, higher than the 363,000 expected by economists. Unemployment rose to 9.5%, a bit below forecasts but still the highest level since Ronald Reagan’s first term in office.
According to the government, 14.7 million Americans were unemployed in June; add in “discouraged workers” who’ve fallen out of the official survey and the figure rises to 19.6 million, according to T.J. Marta, chief strategist at MartaontheMarkets.com. What really troubles Marta is the rising number of unemployed who have little or no hope of finding a job. “Your ‘Wall Streeters’, your autos workers and your housing workers – those jobs are not coming back,” he says.
While hiring typically doesn’t pick up until well after the economy bottoms, Marta predicts this “structural unemployment” means employment will be even more of a “lagging indicator” this cycle.
It doesn’t necessarily mean the macro economic data is going to deteriorate, but Marta thinks we’re in for a “jobless recovery” worse than after typical post-War recessions. The economist estimates unemployment will peak at 10.5% sometime in the second quarter of next year, meaning another year of job losses awaits.
http://tinyurl.com/md4o78 |
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khoiey
2968 Posts |
Posted - 07/02/2009 : 11:21:24 AM
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| Pelosi and senate should be held responsible for shoving billions of debts through our throat without proper examination of the bill. |
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assassin17
7838 Posts |
Posted - 07/02/2009 : 11:26:19 AM
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It's time to "save or create" an impeachment of the whole group. Since the money that just HAD to be spent right away hasn't all been spent yet, maybe we have time to correct this before its too late.
Yeah, not gonna happen, I know.
It appears nothing short of a revolution will stop them from making this 5 times as long as it should last. Our leaders are so very lucky that we are a lazy nation that has coddled ourselves into apathy. |
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lemeuss
1862 Posts |
Posted - 07/02/2009 : 11:28:43 AM
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quote:
Originally posted by assassin17
It's time to "save or create" an impeachment of the whole group. Since the money that just HAD to be spent right away hasn't all been spent yet, maybe we have time to correct this before its too late.
Yeah, not gonna happen, I know.
It appears nothing short of a revolution will stop them from making this 5 times as long as it should last. Our leaders are so very lucky that we are a lazy nation that has coddled ourselves into apathy.
sad case, huh? Whats taking so long....Im all about a revolution, Im just not gonna be the only one! Maybe that's everyones problem. |
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lemeuss
1862 Posts |
Posted - 07/02/2009 : 11:29:18 AM
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| Geez, with figures like these, imagine what it would be like if Obama weren't SAVING millions of jobs each day. All hail Obama! |
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cspatmon
5364 Posts |
Posted - 07/02/2009 : 12:48:03 PM
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| This is where your self-reliance abilities kick in...........addition to strong family work ethics that scoff at handouts...... |
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GetLoans4me
2697 Posts |
Posted - 07/02/2009 : 12:49:21 PM
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congress will vote themselves a pay raise and pensions next month.
sigh |
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homer5
2250 Posts |
Posted - 07/02/2009 : 1:01:33 PM
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quote:
Originally posted by cspatmon
This is where your self-reliance abilities kick in...........addition to strong family work ethics that scoff at handouts......
Self reliance of the dems like this? Scoffing at hand outs like this?
http://www.youtube.com/watch?v=P36x8rTb3jI
Not even you could be so naive.
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djorge44
3699 Posts |
Posted - 07/02/2009 : 1:05:34 PM
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| I hear that if you are elected to Congress for one just one term you get your full salary for the rest of your life. anyone know if this is true? |
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khoiey
2968 Posts |
Posted - 07/02/2009 : 1:09:54 PM
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quote:
Originally posted by cspatmon
This is where your self-reliance abilities kick in...........addition to strong family work ethics that scoff at handouts......
Hey... why work when Obama is just gonna spread the wealth around eh? |
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GetLoans4me
2697 Posts |
Posted - 07/02/2009 : 1:41:50 PM
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Pelosi said that to you?
quote:
Originally posted by djorge44
I hear that if you are elected to Congress for one just one term you get your full salary for the rest of your life. anyone know if this is true?
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djorge44
3699 Posts |
Posted - 07/02/2009 : 2:16:07 PM
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| heard it on the radio, is it true? |
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blake1952
422 Posts |
Posted - 07/06/2009 : 8:03:21 PM
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Again, the POTUS IS transparent, can see right thru him and his plans. Rush those bills before someone reads them or before mid term election.
Somebody in Mass please explain to me why B. Frank keeps getting re-elected? How about Chris Dodd, do you folks really think they are doing a great job and need to be re-elected? |
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toddblue
4343 Posts |
Posted - 07/06/2009 : 8:11:25 PM
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If you scoff at handouts, why do support Obama? If you truly support strong family ethics and self-reliance, it is impossible to support the Dem's and his admnistration.
Again, I await the intellectual debate which you are incapable of.
quote:
Originally posted by cspatmon
This is where your self-reliance abilities kick in...........addition to strong family work ethics that scoff at handouts......
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darkstar
26263 Posts |
Posted - 07/06/2009 : 8:26:55 PM
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quote:
Originally posted by blake1952
Again, the POTUS IS transparent, can see right thru him and his plans. Rush those bills before someone reads them or before mid term election.
Somebody in Mass please explain to me why B. Frank keeps getting re-elected? How about Chris Dodd, do you folks really think they are doing a great job and need to be re-elected?
They must bring home the pork and most don't think nationally when it comes to 'their' people, it's 'what have you done for us[your state] lately'... |
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homebroker@sbcgl
7370 Posts |
Posted - 07/07/2009 : 07:33:30 AM
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They are only following the same example of the average American borrower that got mortgage loans the in the past. Sign a stack of papers, don't read a thing just sign it and blame everyone else later.
quote:
Originally posted by khoiey
Pelosi and senate should be held responsible for shoving billions of debts through our throat without proper examination of the bill.
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