WASHINGTON – The unemployment rate has surpassed 10 percent for the first time since 1983. Nearly 16 million people can't find jobs and employers cut a net total of 190,000 jobs last month, the Labor Department says.
I thought we were just talking about increased employment in manufacturing???
As a reminder, we need to be adding 125K jobs a month to fully employ all those entering the workforce (just to keep the unemployment rate from moving higher).
We better ram through our health care bill before people have time to get @#$%&! about the unemployment numbers and realize the stimulus was a failure.
well so much so for ISM report on increased employment in manufacturing. Instead of getting better it got worse minus 61,000 versus minus 45,000 in the previous month. And services which were supposed to be worse turned out to be better. Which report do we throw out BLS or ISM?
I think what is note worthy is the big disparity between the household survey and the establishment survey. Loss of 558,000 versus the loss of only 190,000 in the establishment survey.
Of those, 5.6 million had been out of work longer than six months, representing a record 35.6% of the unemployed.
Seriously, ponder that for a second. 5,600,000 people have been out of work and looking for work for more than 6 months. How many cities in this country have populations that large?
not as bad as i expected... i could see the markets going up 2 or 3 percent today. remember we are out of the recession. unemployment is a lagging indicator. plus... i put my away. dont worry be happy somewhat ... kay?
These numbers represent hundreds of thousands, perhaps millions of Americans who are now falling out of the second-generation middle class and whose children will never make it back in. (As for first-generation middle-classers, it goes without saying that they're being shed.)
People stopped dropping out of labor force: it fell by 600K Sep vs. Aug, but stayed almost flat in Oct vs Sep.
As people continue losing their jobs, the unemployment rate shoots up faster than before
We'd better cut taxes so we can cut government jobs and then corporate profits will go up even more, especially in the bank sector. More bonuses, so there can be more consumer spending.
On a positive note- the decline in the work force was very small . This compares with a decline of over 500,000 between the second and third quarter. It may indicate that people are a little more optimistic about finding a job. Alternatively we have hit bottom and people don't have a choice to drop out of the work force.
My tomatoes were still going despite two 37F nights but those mites show up about this time every year.
I meant to spray for them but neglected to do so.
This is the variety. Johnny's Selected Seeds - Matt's Wild Cherry
Try them sometime.
My 'volunteer' plants that sprouted in late june/ early july got over 7'!!!
Note: The total jobs lost does not include the preliminary benchmark payroll revision of minus 824,000 jobs. (This is the preliminary estimate of the annual revision that will be announced early in 2010).
I still don't understand why, if they actually run a benchmark number every month, they don't include the number in what they report.
What's the point of waiting until January and then making an adjustment for the entire previous year?
.......the "Percent Job Losses" Graph portrays the REAL event..........we haven't even leveled out yet, the biggest and widest hole ever dug, and then there's the uphill trek after that....is there an "underwater drop-off" we can't see?.....
Can we even compare these figures to earlier recessions, since this time the service economy (often sole proprietorships not counted in the figures) has been such a growing segment of the employed population? I say we're leaving out a huge percentage of the UE figures by comparing a manufacturing economy (more easily countable) to a service economy (herding cats).
Looking at that Gold ticker folks, I knew Gold was manipulated in some fashion, but seeing that seesaw effect that just took place is confirming.......WE HAVE THE CRIMINAL ELEMENT RUNNING OUR MARKETS HERE FOLKS!!!!!!!!!!!!!!!
Conservatives (honest ones not right wing nuts) should welcome Obama's election. I think it settles the question of the role of the Federal Government even for die hard Liberals and Progressives. It is clear that any change is not going to come through the national government but rather through the work at the local level. There should be in my opinion unanimous support by conservatives and liberals that what we need is a commitment to "states rights".
This guy is an Insult to the American People, Ya sure Bush was a village idiot that has been confirmed But this guy.....speechless.
Shill,
That borders on trolling; I'm a conservative, and I voted against BHO, but given the hand he's been dealt, he's not doing too, too bad. I doubt McCain would've been able to do any better, particularly with this congress. Finally, he is our President, and we need him to succeed, or at least not drive us off a cliff.
unanimous support by conservatives and liberals that what we need is a commitment to "states rights".
But centralized power is good for them which is why it doesn't matter how they dress themselves. They didn't get elected to give power to other people, eh?
I have been trying to find a historical comparison between the household survey and the payroll survey. If memory serves me right the household survey although it has much more noise on a month to month basis is more accurate over time.
Me thinks this plus the election defeats will shift the Obama agenda to self-preservation.....oops, I meant jobs. I'm thinking FDR's inauguration speech ("we can put America to work harvesting its natural resources", etc.)
A side effect of extending UE benefits is that many people may be unwilling to work seasonal retail jobs that pay minimum wages
Can you blame them? It'd be economic suicide for many if they did, since when returning to UEI, their payout would be based on their salary for their last 12 mos. of work. Taking a minimum wage job would really hammer that, unless they were able to reopen their previous claim.
Shill,
That borders on trolling; I'm a conservative, and I voted against BHO, but given the hand he's been dealt, he's not doing too, too bad. I doubt McCain would've been able to do any better, particularly with this congress. Finally, he is our President, and we need him to succeed, or at least not drive us off a cliff.
Then Troll it is and I suck too It does not change the fact.....the guy has made promise after promise...and nothing has come to light....name one thing the guy said he was going to do that has been done...name 1.
Yagji- hence my comment about honest conservatives of which there really are very few. Tea baggers and most of the Republican party can scarcely be considered to be honest conservatives.
Mrs.B has a couple of very healthy (chotchka) catalog orders. She's working frantically to deliver for the holiday season. (I help out too.)
But a couple of weeks ago I had the opportunity to talk with Mrs.B's rep. She told of numerous of her clients going belly up in the last few months. I asked if she (her company) was in danger of doing so too. She said "No... because they hadn't borrowed to expand." In fact, their bank was calling frequently to ask if they'd like to borrow. Hre answer was No, to that too.
I'm guessing you're talking about economic change--not social change--how can that be separated? My solution would be to eliminate federalism entirely--we're one country. Taxes and laws should be universal within our boarders. No more sniping away jobs from one state to another.
"One of President-elect Barack Obama's leading economic advisers said on Sunday he does not see unemployment topping 10 percent... [Lawrence] Summers said he expected further job losses but Obama's economic stimulus package should help limit the rise in unemployment. Asked if he thought the unemployment rate could top 10 percent, he said, 'I don't think so.'"
all the stimlus and yet nothing to show for it.. They keep saying that jobs will trail the recovery but they have absolutely nothing to show for all the money spent.
i m not sure about that state's rights thing. i mean ga,fl,al,and tn(not sure)might go to war over water.
ive read about the last time we did state rights
I'll leave that to the "liburels". It's not my job-
I agree Cinco....sorry I get a little emotional on this crap....basically I am still looking at Bush, just a different version....and it's only been 10 months....wait 10 months 10.2%...hmm conspiracy.
Since unemployment peaks after the ebubbleme turns a corner on its way off the cliff, so to speak, this should be seen as hugely positive. I hate to beat a dead horse with a cliche, but I see green shoots.
How does one avoid being utterly cynical when you get the impression that all this smoke and noise in DC will be dragged out to (coincidentally) produce "accomplishments" just in time for the midterms.
It is clear that any change is not going to come through the national government but rather through the work at the local level. There should be in my opinion unanimous support by conservatives and liberals that what we need is a commitment to "states rights".
M- I believe it is a revision to the payroll number ; the payroll is not used to calculate the unemployment rate that is derived from the household survey. Simply put the payroll number is derived from employers. Employer data can be verified based on the actual taxes paid by employers. When looking at those sources it suggests that the losses on the payroll survey were underestimated. I don't think the tax data allows for it to be done on a monthly basis. So they do it once a year and then track the changes from that revised bench mark.
The Feds are trying to manufacture Inflation as it is not easy to do. So in order to do so they must bring the un-employment number positive, as they are doing so in baby steps........one just has to scan Layoff-daily for the real numbers...case in point
British Airlines - Post Huge Loss , 5,000 Job Cuts by Year End
Leviton Manufacturing Co. Inc - 100
Duke University - 400 so Far, More to Come?
Hilliard Corporation - 30
Cooley Dickinson Hospital - 20 to 25
Daramic - 100
Ontario Legal Aid Program - Layoffs Coming
Brown Corporation - 264
Farley's & Sathers Candy Co - 175
Indiana Schools Warn of Funding Cuts - Layoffs Possible
ALSAC - 70
Southern Progress Corporation - More Layoffs Today
Wachovia Corp.'s North Charlotte Campus Day Care - 130
Blue Coat Systems - 20% of Staff
City of Grand Rapids - Layoffs to Be Announced
Quicksilver - 200
Corrections and Rehabilitation Department - Layoff Numbers
NetJets - 500
Day Pitney - 30
Seagoe Technologies ( International ) - 30
GM - Some Temporary Layoffs could Become Permanent
Mercks - Possible 16,000 Layoffs?
Merced County - 300 Buyouts / Early Retirement
Trinity Mirror ( International ) - 17 Editorial Jobs
Chevron ( Cook Inlet ) - 25
Real Networks - 4% of Workforce
Classmates - 71
Alabama State Agencies Laying off
Update: City of Elyria - Probably 15 Officers
City of Perris - Layoffs but How Many?
Neenah Common Council Approves City Teamsters Union Layoffs in 2010
City of Ukiah approved - 21 Layoffs
City of Henderson - Layoffs Likely
Schuyler County - 12 Layoffs Possible
Summit County - Plans 45 Layoffs Next Month
Washington Parish Sheriff's Office - 20
Sun Microsystems in Hillsboro - 42
Nordyne - 110
Sparta-Hancock County Library - Cutting Hours / Jobs ?
So every month a new cycle of people can no longer pay the mortgage and credit cards. The credit gets cut off but they can live for another year in their houses. If I had a clue with what was involved I would short retail stocks. Especially Sears and Teen specialty.
Dude, where is my recovery?
crisis not quite over
Ding-Dong! The Economy is dead!
Large losses were seen in manufacturing,
I thought we were just talking about increased employment in manufacturing???
As a reminder, we need to be adding 125K jobs a month to fully employ all those entering the workforce (just to keep the unemployment rate from moving higher).
The fit has hit the shan.
Green shoots?
Nancy,
We better ram through our health care bill before people have time to get @#$%&! about the unemployment numbers and realize the stimulus was a failure.
SIncerely,
Barack
temporary-help agencies added jobs
Ah, the future of employment in the US. Sans benefits.
C'mon........you didn't expect this Depression to be a "garden-variety" one, did you?.......we're not even into the top of the 4th.......
Novalingus
I wouldn't be surprised to see a down day today. Friday's up move was the lowest volume of the week just like last week
MrM, without question these are horrible numbers. I'm digging through the report right now ... ugly.
best wishes
well so much so for ISM report on increased employment in manufacturing. Instead of getting better it got worse minus 61,000 versus minus 45,000 in the previous month. And services which were supposed to be worse turned out to be better. Which report do we throw out BLS or ISM?
Other than that things are downright peachy.
it's all good. benmosche has AIG profitable again...
Do you get spider mites in your garden out there?
My tomatoes finally bit it because they were covered with those damn mites.
Chins up! We can turn this around.
We just need to get people to stop looking for jobs.
Double digits is a lot scarier that I could have imagined.
I was 6 years old last time this happenned.
My reminder is that mfg represents only 10% of the US GDP. This is stunning as the '91 recession was quite profound in job losses.
I think what is note worthy is the big disparity between the household survey and the establishment survey. Loss of 558,000 versus the loss of only 190,000 in the establishment survey.
Another new record...
Of those, 5.6 million had been out of work longer than six months, representing a record 35.6% of the unemployed.
Seriously, ponder that for a second. 5,600,000 people have been out of work and looking for work for more than 6 months. How many cities in this country have populations that large?
Yikes-a-roony! That was a jump.
Left the house at 5:15AM to look for a job. No dice. No job either.
It's supposed to go down to freezing overnight, so I'll put the garden to bed later on today.
not as bad as i expected... i could see the markets going up 2 or 3 percent today. remember we are out of the recession. unemployment is a lagging indicator. plus... i put my
away. dont worry be happy somewhat ... kay? 
Wow the Gold manipulators jumped in the water quick hahahah! how obvious can one get hahahah!
HomeGnome wrote:
I was told a thin solution of Joy soap and water will rid bugs from your plants
reeeeaaaaaal thin
Mine wasn't and so it goes. real real thin, but trhe bugs was gone gone gone
10.2% is U3 rate. An alternative, better measure, IMO, is U6 and that is now:
17.5%
Jeez!
Table A-12. Alternative measures of labor underutilization
Hmm, will the bench-mark revision in Jan, push U6 to hmm, 22% ?
-skk
I also note average workweek hours remain at 33.
I suppose we can't have an economy which delivers pizza to each other after all.
Mean duration (seasonally adjusted) is over 6 months:
July Aug. Sept. Oct.
25.1 24.9 26.2 26.9
These numbers represent hundreds of thousands, perhaps millions of Americans who are now falling out of the second-generation middle class and whose children will never make it back in. (As for first-generation middle-classers, it goes without saying that they're being shed.)
Call it the Great Purge.
Is this recession/depression really a continuation of the previous 2 downturns that were bubbled away? If so, this sucker has just begun.
I guess this means no bank failures tonight.
omg if they admit That,how horrible are they really,
disclaimer.i would say that i am a disbeliever,but...
make that would a wouldnt and my coffee sucks too
"Do you get spider mites in your garden out there?"
.....nope........tomatoes are still happy here! No freeze yet.
Most significant thing about the report was there was no sign of any meaningful seasonal hiring.
crazyv wrote:
many, those smarter than me, point to the birth/death ratio as culprit
they been assuming a net positive 75k moly from this
,rads & apparatchicks,
Every picture tells a story, don't it?
I had to shield my eyes a little looking at all the graphic violence in the charts, the horror.
Service-producing jobs fell by 61,000, including 40,000 in retail.
But, but...yahoo finance just said things were looking great for the Christmas retail season.
Nanoo, please indicate the relationship between Universal pizza delivery and the length of the work week?
Thanks in advance
People stopped dropping out of labor force: it fell by 600K Sep vs. Aug, but stayed almost flat in Oct vs Sep.
As people continue losing their jobs, the unemployment rate shoots up faster than before
We'd better cut taxes so we can cut government jobs and then corporate profits will go up even more, especially in the bank sector. More bonuses, so there can be more consumer spending.
On a positive note- the decline in the work force was very small . This compares with a decline of over 500,000 between the second and third quarter. It may indicate that people are a little more optimistic about finding a job. Alternatively we have hit bottom and people don't have a choice to drop out of the work force.
Oh, and that silly Birth Death adjustment added a fictitious 86Kjobs in Oct to make up this total.
Fake Jobs
(scroll past the 2008 figures to get to the 2009 ones.
-skk
I'll be buying any dip on this , we're flying into 2010.....we'll fly til we run out of fuel
My tomatoes were still going despite two 37F nights but those mites show up about this time every year.
I meant to spray for them but neglected to do so.
This is the variety.
Johnny's Selected Seeds - Matt's Wild Cherry
Try them sometime.
My 'volunteer' plants that sprouted in late june/ early july got over 7'!!!
I will now return to posting about the eCONomy.
Nanoo-Nanoo wrote:
anecdotal, but first hand:
Gen Mills makes Geno's Pizza Rolls in rural Ohio. Bro-in-law and nephew work there.
Nephew's department is minus some people but what is left are going (and this is a quote) "...balls to the wall 24/7.
Gives credence to an inventory build in anticipation of higher prices six months out.
CR wrote:
I still don't understand why, if they actually run a benchmark number every month, they don't include the number in what they report.
What's the point of waiting until January and then making an adjustment for the entire previous year?
Volcker - that would narrow the differential to about 270,000 still pretty wide.
HomeGnome wrote:
Will soapy water or diatomaceous earth help with those?
Pizza prices are too high so the average workweek is lower. Must find cheaper sources of pepperoni and change delivery methods to horseback.
it fell by 600K Sep vs. Aug, but stayed almost flat in Oct vs Sep.
back to school season...
All you need to know about the U.S. job market -- the three Ms: menial, manual and mendacious.
Temp-help agencies - a key leading indicator - added 34,000 jobs, the first significant increase since the recession began 22 months ago.
Maybe they're right. Or perhaps companies would rather pay hourly, non-benefits contractors to do the work they used to employ full timers for.
it fell by 600K Sep vs. Aug, but stayed almost flat in Oct vs Sep.
back to school season...
Those are seasonally adjusted numbers, so they take into account "back to school" already
Nanoo-Nanoo wrote:
NN,
s compared to this. Have we topped the '82 recession yet? Sure starting to feel like it-
'91 and '01 were
Pizza prices are too high
Price it in AU or AUD. You're getting a great deal.
9.2%, 9.6%, 9.7%, 9.8%, 10.2%...Can we say we're going in the wrong direction yet?
I read last week that there are more Eves employed in the U.S. of A., than Adams.
Maleadroit = Lacking Employment
chainsaw
didnt they also say that it sucks take you pick i guess or just want to please everyone(yahoo)
why do i have 2 loading previews going round and round?
Bank profits and bonuses are up. Heckuva job Benny.
Looks like '83 right now but I suspect it is much worse than that. I was working in '83 AND in '79. ugh. Those were some dark days.
So what time does Obama and his Teleprompter show up to grace us with this news?
This guy is an Insult to the American People, Ya sure Bush was a village idiot that has been confirmed But this guy.....speechless.
I graduated college in '83. Yuk, yuk.
A side effect of extending UE benefits is that many people may be unwilling to work seasonal retail jobs that pay minimum wages
Nanoo-Nanoo wrote:
Wow! That's tough; and to think, a lot of those out of work porn stars had turned to real jobs ACTUALLY delivering pizza
Must be really depressing-
Oil
.......the "Percent Job Losses" Graph portrays the REAL event..........we haven't even leveled out yet, the biggest and widest hole ever dug, and then there's the uphill trek after that....is there an "underwater drop-off" we can't see?.....
GDII is here - go long sepia toned printer cartridges.
crazyv
i dont think people optimistic about even keeping a job.
Must find cheaper sources of pepperoni and change delivery methods to horseback.
And what are the poker pros going to do now?
"How do you get a poker pro to leave your house?"
"Pay him for the pizza".
Are pizza shops counted as mfg? (googling to find out....)
BSR,
Yeah, I was dwelling on that chart too. Looks like a whole new trajectory from anything we've seen in the last 60 years.
A side effect of extending UE benefits is that many people may be unwilling to work seasonal retail jobs that pay minimum wages
I've been arguing for a while that extended UE benefits should require community service.
I guess my comments have not been reported to the Congress.
it's definitely GDII. Cravath only gave out $7K regular bonuses (and no "special" bonuses) to the class of 08.
I find the relationships in commodities/futures now very interesting.
gabyjan wrote:
Rassmunsen [SP?] said most were. Unfortunately, I deleted all old mail (permanently), so I don't have the link-
Can we even compare these figures to earlier recessions, since this time the service economy (often sole proprietorships not counted in the figures) has been such a growing segment of the employed population? I say we're leaving out a huge percentage of the UE figures by comparing a manufacturing economy (more easily countable) to a service economy (herding cats).
wiliam
of course not!
Looking at that Gold ticker folks, I knew Gold was manipulated in some fashion, but seeing that seesaw effect that just took place is confirming.......WE HAVE THE CRIMINAL ELEMENT RUNNING OUR MARKETS HERE FOLKS!!!!!!!!!!!!!!!
LOUD AND CLEAR WORLD!
re: equities, etc
Vix Oscillator: The Volatility Index VIX is computed and published daily by the CBOE. Extremely high volatility readings usually indicate market bottoms.
I watched some snot-nosed 24 year old poker pro proudly announce after winning a tournament on tv, that he had never read a book in his life.
a nadir-zenith moment for the lad...
Europe went
at the same time. Maybe having tons of UE'd Americans is a bad thing?
NervousRex wrote:
Now that is funny.
Well Shill, are they manipulating it up or down?
Conservatives (honest ones not right wing nuts) should welcome Obama's election. I think it settles the question of the role of the Federal Government even for die hard Liberals and Progressives. It is clear that any change is not going to come through the national government but rather through the work at the local level. There should be in my opinion unanimous support by conservatives and liberals that what we need is a commitment to "states rights".
What else short.
With apologizes to Eric,
Take the market on that.
shill wrote:
Shill,
That borders on trolling; I'm a conservative, and I voted against BHO, but given the hand he's been dealt, he's not doing too, too bad. I doubt McCain would've been able to do any better, particularly with this congress. Finally, he is our President, and we need him to succeed, or at least not drive us off a cliff.
A perfect 10!
does anyone have a chart showing unemployment by job want to see which is biggest out of work catagory.
It occurs to me this is the "Contracted with America". Yup.
crazyv wrote:
But centralized power is good for them which is why it doesn't matter how they dress themselves. They didn't get elected to give power to other people, eh?
I have been trying to find a historical comparison between the household survey and the payroll survey. If memory serves me right the household survey although it has much more noise on a month to month basis is more accurate over time.
WE HAVE THE CRIMINAL ELEMENT RUNNING OUR MARKETS HERE FOLKS!!!!!!!!!!!!!!!
LOUD AND CLEAR WORLD!
Position moves my way: Returning to fundamentals.
Position moves against me: Rigged market.
"A poor workman always blames his tools".
Me thinks this plus the election defeats will shift the Obama agenda to self-preservation.....oops, I meant jobs. I'm thinking FDR's inauguration speech ("we can put America to work harvesting its natural resources", etc.)
Tim waiting for 2012 wrote:
Can you blame them? It'd be economic suicide for many if they did, since when returning to UEI, their payout would be based on their salary for their last 12 mos. of work. Taking a minimum wage job would really hammer that, unless they were able to reopen their previous claim.
Futures
now.
"What, me worry?"
Oops.... wrong chart.
Never mind.
outsider
im not shill but the answer is yes
Then Troll it is and I suck too It does not change the fact.....the guy has made promise after promise...and nothing has come to light....name one thing the guy said he was going to do that has been done...name 1.
That cliff cinco is dead ahead.
,rad shill,
Throw down your CAP-gun and stop acting like an idiot day-trader...
Yagji- hence my comment about honest conservatives of which there really are very few. Tea baggers and most of the Republican party can scarcely be considered to be honest conservatives.
NervousRex wrote:
I think restaurants and catering are part of the service industry.
Anecdotal mixed message...
Mrs.B has a couple of very healthy (chotchka) catalog orders. She's working frantically to deliver for the holiday season. (I help out too.)
But a couple of weeks ago I had the opportunity to talk with Mrs.B's rep. She told of numerous of her clients going belly up in the last few months. I asked if she (her company) was in danger of doing so too. She said "No... because they hadn't borrowed to expand." In fact, their bank was calling frequently to ask if they'd like to borrow. Hre answer was No, to that too.
It comes naturally sorry....just trying to fit in.
I'm guessing you're talking about economic change--not social change--how can that be separated? My solution would be to eliminate federalism entirely--we're one country. Taxes and laws should be universal within our boarders. No more sniping away jobs from one state to another.
This would be a great time to announce a new stimulus package!
"One of President-elect Barack Obama's leading economic advisers said on Sunday he does not see unemployment topping 10 percent... [Lawrence] Summers said he expected further job losses but Obama's economic stimulus package should help limit the rise in unemployment. Asked if he thought the unemployment rate could top 10 percent, he said, 'I don't think so.'"
-Reuters, January 18, 2009
Eric:
Day 2, 207 left, I'm above average...
all the stimlus and yet nothing to show for it.. They keep saying that jobs will trail the recovery but they have absolutely nothing to show for all the money spent.
Latest updates
fresbee
They already did for Fannie and of course TALF.
Cinco x
I don't blame them it is smart financial planning
shill wrote:
I'll leave that to the "liburels". It's not my job-
i m not sure about that state's rights thing. i mean ga,fl,al,and tn(not sure)might go to war over water.
ive read about the last time we did state rights
My solution would be to eliminate federalism entirely--we're one country.
other than the minor constitutional issue...
ac wrote:
I thought we were going to call those "fluffing" packages from now on?
I agree Cinco....sorry I get a little emotional on this crap....basically I am still looking at Bush, just a different version....and it's only been 10 months....wait 10 months 10.2%...hmm conspiracy.
No0b, EHP,
Bad news for you folks up there-
1 currency now -yogi wrote:
I was in kindergarden
The constitution is not cast in stone--and neither is the bible--just some forgotten commandments.
Since unemployment peaks after the ebubbleme turns a corner on its way off the cliff, so to speak, this should be seen as hugely positive. I hate to beat a dead horse with a cliche, but I see green shoots.
not that bad! gamestops hiring 15000 ppl!
404 | Star-Telegram.com
Sorry, what is this -900,000 job loss revision? Is it not reflected in the 10.2% unemployment?
If not, why is this revision being held off? for political reasons?
When its added in 2010 (when in 2010) - will reported unemployment suddenly jump to 12-13%?
shill wrote:
Remember! Ya' gotta keep a sense of humor. That may very well be all you'll be left with-
shill wrote:
Denninger?
cinco-x
couldnt we just call it fluffy
How does one avoid being utterly cynical when you get the impression that all this smoke and noise in DC will be dragged out to (coincidentally) produce "accomplishments" just in time for the midterms.
Finally, an absolute, inarguable TRUTH.
RockyR wrote:
Until kcoop gives us 42pt. type, we'll never know for sure
I hear ya Cinco....but it's days like this I am glad it's Friday, as I can drink my anger away.
@ 4:00 pm
Vodka or beer.......
gabyjan wrote:
Ask your husband how he'd feel about that
Eric:
Day 2, 207 left, I'm above average...
Foxwoods 10K?
Since unemployment peaks after the ebubbleme turns a corner
Peak? Oh no. No peak. Just another leg up.
(where's my really tired looking smiley?)
dont have to ask no husband
The comparisons with the past are nonsense. U-6 is much closer the the method they used in the early 80's from what I've read.
Vodka and beer.......
There, fixed it for ya, shill.
crazyv wrote:
.......+10
u6 is 17.5
M- I believe it is a revision to the payroll number ; the payroll is not used to calculate the unemployment rate that is derived from the household survey. Simply put the payroll number is derived from employers. Employer data can be verified based on the actual taxes paid by employers. When looking at those sources it suggests that the losses on the payroll survey were underestimated. I don't think the tax data allows for it to be done on a monthly basis. So they do it once a year and then track the changes from that revised bench mark.
Black Star Ranch wrote:
What have you done with crazyv!?
"Peak? Oh no. No peak. Just another leg up."
There's too much there to play with, and as I'm particularly horny in the mornings, I'm just gonna leave that one alone.
Its a stunning number gabyjan.
Oooh. Political incorrectness alert.
The Feds are trying to manufacture Inflation as it is not easy to do. So in order to do so they must bring the un-employment number positive, as they are doing so in baby steps........one just has to scan Layoff-daily for the real numbers...case in point
British Airlines - Post Huge Loss , 5,000 Job Cuts by Year End
Leviton Manufacturing Co. Inc - 100
Duke University - 400 so Far, More to Come?
Hilliard Corporation - 30
Cooley Dickinson Hospital - 20 to 25
Daramic - 100
Ontario Legal Aid Program - Layoffs Coming
Brown Corporation - 264
Farley's & Sathers Candy Co - 175
Indiana Schools Warn of Funding Cuts - Layoffs Possible
ALSAC - 70
Southern Progress Corporation - More Layoffs Today
Wachovia Corp.'s North Charlotte Campus Day Care - 130
Blue Coat Systems - 20% of Staff
City of Grand Rapids - Layoffs to Be Announced
Quicksilver - 200
Corrections and Rehabilitation Department - Layoff Numbers
NetJets - 500
Day Pitney - 30
Seagoe Technologies ( International ) - 30
GM - Some Temporary Layoffs could Become Permanent
Mercks - Possible 16,000 Layoffs?
Merced County - 300 Buyouts / Early Retirement
Trinity Mirror ( International ) - 17 Editorial Jobs
Chevron ( Cook Inlet ) - 25
Real Networks - 4% of Workforce
Classmates - 71
Alabama State Agencies Laying off
Update: City of Elyria - Probably 15 Officers
City of Perris - Layoffs but How Many?
Neenah Common Council Approves City Teamsters Union Layoffs in 2010
City of Ukiah approved - 21 Layoffs
City of Henderson - Layoffs Likely
Schuyler County - 12 Layoffs Possible
Summit County - Plans 45 Layoffs Next Month
Washington Parish Sheriff's Office - 20
Sun Microsystems in Hillsboro - 42
Nordyne - 110
Sparta-Hancock County Library - Cutting Hours / Jobs ?
Empire Aero Center - 88
Hamilton Sundstrand in Rockford - 24
GM - 10,000 Layoffs at Opel
Franklin County - Layoffs Coming?
gabyjan wrote:
You are familiar with the term fluffer? WARNING: May not be safe for work!
Good Luck, Yogi!!!
O.M.G.
Testosterone really is a curse, isn't it?
So every month a new cycle of people can no longer pay the mortgage and credit cards. The credit gets cut off but they can live for another year in their houses. If I had a clue with what was involved I would short retail stocks. Especially Sears and Teen specialty.
I can't wait until they start letting criminals out of jail because there isn't any money to pay for their housing.
no dont think i want to know either
gabyjan wrote:
You probably don't, but perhaps you get why I like calling it fluffing? Ya' get a big rise out of the market, and then plop-
Outsider wrote:
Yes; it is-
Nova - You know that the second you figured out & shorted retail stocks would be the second before a new retail stimulus package was announced.
I can't wait until they start letting criminals out of jail because there isn't any money to pay for their housing.
They'll probably like your housing better anyway.
I am in pig denial this morning. I just can't follow the pig. Ugh.
AIG falls on concern FNM beat them to the trough.