About the recent drop in the unemployment numbers

Discussion in 'Economy' started by bigrebnc1775, Apr 13, 2011.

  1. bigrebnc1775
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    bigrebnc1775 Diamond Member

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    As I said on another thread the report was wrong.

    Fake Job Numbers Help Obama, not Economy

    President Barack Obama’s deception could backfire on his $1 billion re-election campaign.

    The New York Post reports that, “take for instance, the Labor Department’s annual springtime boost in the faux jobs market. While it’s nice the government thinks there is an employment boom coming, this won’t be a good development if that boom turns out to be imaginary yet still causes the Federal Reserve to prematurely tighten credit conditions.”

    Dallasblog.com, the Dallas, Texas news blog and Dallas, Texas information source for the DFW Metroplex. - DALLAS BLOG - Fake Job Numbers Help Obama, not Economy
     
  2. bigrebnc1775
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    bigrebnc1775 Diamond Member

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    Something else to throw on the discussion

    Mortgage industry workforce plunges by more than 50% in five years
    Here are some hard numbers for the downturn in mortgage employment I wrote about last week -- and they show a reduction of more than 50% in home-lending jobs since the peak of the housing and commercial real estate bubble.

    The news peg for the story was mortgage goliath Wells Fargo & Co. saying it had eliminated 1,900 home-lending jobs, mostly workers hired temporarily to deal with last year's mini-boom in refinancings.

    Mortgage industry workforce plunges by more than 50% in five years | Money & Company | Los Angeles Times
     
  3. bigrebnc1775
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    bigrebnc1775 Diamond Member

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    No wait something else

    Misleading statistics on jobs

    The most recent employment numbers have been cause of much cheering—after two years of an official unemployment rate of nearly 10 percent and little gain seen in the private sector, the U.S. economy gained 218,000 jobs in March as part of a full-point reduction in unemployment, now officially down to 8.8 percent.

    Unfortunately, that figure does not reflect reality. The official rate does not take into account underemployed people scraping by on part-time work, nor does it count those who have “fallen out of the labor force;” that is, people who have been unemployed for long enough to have either used up their eligible unemployment benefits or have simply stopped looking for work. Workers of color and people ages 16-25 are the worst hit.

    'End' of economic crisis for whom?
     
  4. bigrebnc1775
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    bigrebnc1775 Diamond Member

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    Dang I thought I was through


    Housing still can't find a date for economic recovery dance


    Many sectors of the U.S. economy are showing heartening signs of growth: Employment, international trade, manufacturing and professional services among them.

    Then there's the miserable housing sector. It's still missing from the list of positives, still a net drag on the U.S. economic recovery.

    Where's the bottom? Four years into the housing crisis, specialists still aren't sure if we're on our way up or still have further to drop.

    Mark Zandi, the chief economist for forecaster Moody's Analytics, expects a bottom in home prices next year and recovery thereafter.

    "House prices will bottom out by year's end as the market works through a bulge of distressed sales," Zandi said. "Sales, construction and prices will be recovering in earnest by this time next year."



    Read more: Housing still can't find a date for economic recovery dance - KansasCity.com
     
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  5. bigrebnc1775
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    bigrebnc1775 Diamond Member

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    It's not looking good for the wonderless boy
     
  6. bigrebnc1775
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    bigrebnc1775 Diamond Member

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    An oldie and a goodie.
     
  7. bigrebnc1775
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    bigrebnc1775 Diamond Member

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    This was back in 2011

     
  8. Rshermr
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    Rshermr VIP Member

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    And bigred is having his own private little party. Six replies to his thread, and all his own. Until this one. Which is just to wish bigred a happy day posting con dogma. To himself.
     
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  9. bigrebnc1775
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    bigrebnc1775 Diamond Member

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    Something tell's me this guy was wrong.
    Grim Housing Data Shows We Have Not Hit Bottom
     
  10. idb
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    idb Gold Member

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    While you're posting on here...who's watching the door?
    Obama could burst in at any moment demanding your guns...remember?

    Sheesh man...get back to your couch fort in the living room!
     
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