The jobs news and the unemployment news is grim again with only 18,000 net jobs created. Plus the last 2 months numbers were adjusted downward.
Unemployment is up to 9.2% nationally but higher in many areas.
I am blessed to be employed throughout this economic disaster but I have many friends on the street so to speak and it is frightening.
It makes you wonder what and when things might actually change for the better.
NJ is way down the list for job creation even if our Governor uses mixed numbers to state otherwise.
> It makes you wonder what and when things might actually change for the better.
Why do you assume they'll change for the better? Since the collapse of the Japanese asset price bubble in 1991 they've basically gone 20 years with no real economic expansion.
800,000 net jobs lost vs. 18,000 net jobs created. Hmmm.
I guess it depends on one's POV. Sitting on the sidelines seeing the same old faces collecting a measly $275 unemployment check each week won't give one much hope...BUT...at least they're the same old faces.
> I guess it depends on one's POV. Sitting on the sidelines seeing the same old faces collecting a measly $275 unemployment check each week won't give one much hope...BUT...at least they're the same old faces.
Not really, because unemployment went up from 9.1% to 9.2% the same month those 18,000 jobs were created. To account for legal immigration, recent graduates from high school & college and separating military members, 75,000 new jobs created per month is the break even point to keep unemployment from rising.
And just what kind of jobs are being created in the current economy?
McDonald's burger flippers and Wal-Mart door greeters?
> > I guess it depends on one's POV. Sitting on the sidelines seeing the same old faces collecting a measly $275 unemployment check each week won't give one much hope...BUT...at least they're the same old faces.
>
> Not really, because unemployment went up from 9.1% to 9.2% the same month those 18,000 jobs were created. To account for legal immigration, recent graduates from high school & college and separating military members, 75,000 new jobs created per month is the break even point to keep unemployment from rising.
OK, they're sitting in the same number of chairs...
😉
I read somewhere that close to 300,000 jobs a month were needed to be created just to keep up with the birth rate.
At the current "shovel ready" pace, we will never catch up.
Time for a different "hope and change" to be ushered in.
very few survey jobs,and when you do get work its only pt with less money
> I read somewhere that close to 300,000 jobs a month were needed to be created just to keep up with the birth rate.
>
> At the current "shovel ready" pace, we will never catch up.
>
> Time for a different "hope and change" to be ushered in.
It would take the creation of 254,000 new jobs per month for 64 straight months to get back to number of jobs there were in December of 2007.
Obama, Perry, Bachmann, Romney... makes no difference. The globalization and expansion of the economy over the last 30 years has brought it to a point where anyone who thinks that the economic policy of any political party can have anything but a small temporary influence over the US economy is either naive or hubristic.
If you're working "part time", you're not working the "other time" but I don't believe the government counts the "other time" as unemployment. Us self-employed surveyors don't even count in the numbers even if we're working only 10% or less of the time.
I don't think the unemployment rate is just higher than is being reported. I think it is MUCH higher.
> Obama, Perry, Bachmann, Romney... makes no difference. The globalization and expansion of the economy over the last 30 years has brought it to a point where anyone who thinks that the economic policy of any political party can have anything but a small temporary influence over the US economy is either naive or hubristic.
But it's nice to have an adult at the wheel.
🙂
> If you're working "part time", you're not working the "other time" but I don't believe the government counts the "other time" as unemployment. Us self-employed surveyors don't even count in the numbers even if we're working only 10% or less of the time.
>
> I don't think the unemployment rate is just higher than is being reported. I think it is MUCH higher.
Been working 10% of the time here since '07.
No amount of tax cuts or deregulation will make a difference at this point. Demand will have to increase exponentially in order to counteract the effects of offshoring, outsourcing, and "advances' in technology that have occurred over the last 30 years.
Tyler
> If you're working "part time", you're not working the "other time" but I don't believe the government counts the "other time" as unemployment. Us self-employed surveyors don't even count in the numbers even if we're working only 10% or less of the time.
>
> I don't think the unemployment rate is just higher than is being reported. I think it is MUCH higher.
From the numbers I've seen, if the current unemployment rate was calculated the same was it was in 1933 we'd be looking at unemployment rates between 16 and 18 percent. (it was 25 percent in 1933 at the height of the great depression).
As an aside, the calculation for the Consumer Price Index (CPI) has been revised 24 times since 1980; if you calculated the current CPI using the 1980 metrics, inflation would be running at 11%
A 90.8% employment rate sounds better. It's not the governments place to create jobs they just need to concentrate on maintaining a business friendly enviroment i.e. lower taxes and less red tape and interference. I created one of those 18000 jobs.
I always get a laugh at how the admin. spins the numbers.
If you look at the real unemployment numbers and the real inflation in the price of everyday commodities like food and fuel you can see we are losing ground fast.
A recovery will not happen until people go back to work. The private sector has died and now the public sector will be going on life support soon. Look at what happened in MN. That is the exact same thing that will happen in almost every state.
Wait until we see the budget cuts coming from congress this year. The writting is on the wall for all to see. More jobs will be lost. There will be very few new jobs created.
We are looking at an econonmic reset. Things will be very different in the next 10 years.
It is real simple guys.
The economy will not recovery until people get back to work. People cannot get back to work until either new businesses are created and/or existing businesses start hiring (growing). Businesses cannot start up or expand while the GOVERNMENT IS SUCKING THEM DRY AND STANDING IN THEIR WAY.
If we remove the power/money from the fat worthless bureaucrats and politicians in Washington, D.C. and return it to the states and the people, you will see this economy grow at an unprecedented rate.
A couple weeks ago, I overheard a few things small business owner had to say. During this depression, he has downsized from 45 people to 30. His unemployment taxes have tripled. And, he claimed he could not hire anybody directly due to obama-care as he has no idea how much that government mess is going to cost him.
> It is real simple guys.
>
> The economy will not recovery until people get back to work. People cannot get back to work until either new businesses are created and/or existing businesses start hiring (growing). Businesses cannot start up or expand while the GOVERNMENT IS SUCKING THEM DRY AND STANDING IN THEIR WAY.
>
> If we remove the power/money from the fat worthless bureaucrats and politicians in Washington, D.C. and return it to the states and the people, you will see this economy grow at an unprecedented rate.
Hear, hear Brian- well said.
For what it's worth, my little company created 2 of the 18,000 jobs last month.
Maybe you should take it easy on Washington's elite though. Most of those well educated Keynesians have never had to make an honest wage by the sweat of their brow. So it's not their fault- how can they understand things they've never done?...Things like incentive.
Government does not create jobs. Not productive ones anyway.
If there wasn't so much red tape and high taxes (for successful job creators), business might prosper again in this country.
Sadly, President Obama prefers marginalizing those who understand the way the world works.
> If we remove the power/money from the fat worthless bureaucrats and politicians in Washington, D.C. and return it to the states and the people, you will see this economy grow at an unprecedented rate.
Good f#@%ing luck with that.
People like Lloyd Blankfein, Jamie Dimon and their ilk have invested way too much money and time building their puppet goverment to stand by and watch it surrender power back to the citizens. They'll bring the world's economy crashing down first.
> > If we remove the power/money from the fat worthless bureaucrats and politicians in Washington, D.C. and return it to the states and the people, you will see this economy grow at an unprecedented rate.
>
> Good f#@%ing luck with that.
>
> People like Lloyd Blankfein, Jamie Dimon and their ilk have invested way too much money and time building their puppet goverment to stand by and watch it surrender power back to the citizens. They'll bring the world's economy crashing down first.
Mr Flemming,
I respect your opinion more than most on these issues. I read this board almost everyday. You seem to have things figured out.
What's the answer then? Are we screwed?
Forgive me if I'm hijacking this thread...but I'm curious if you see a way to get back to limited gov't...with more power going to the individual?
