Has The Economy Finally Turned the Corner? Mortimer Zuckerman

Discussion in 'Economy' started by hvactec, Nov 1, 2011.

  1. hvactec
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    hvactec VIP Member

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    Last edited: Nov 1, 2011
  2. waltky
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    waltky Wise ol' monkey Supporting Member

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    S-l-o-w-l-y I turn, step by step...
    :eusa_eh:
    Economy improving but job growth still weak
    Thu Dec 1, 11 WASHINGTON – The economy is picking up. If only job growth would follow.
     
  3. Middleoftheroad
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    Middleoftheroad Active Member

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    Most people aren't that concerned with GDP growth right now, the only thing most people are looking at is jobs. I understand the two usually go hand in hand, but almost no one will care if GDP picks up, while hiring doesn't.
    Hopefully tomorrows jobs report is good. ADP has it at 200k, although they may be the most optomistic of all of them this month. The low was somewhere around 65k, with the average around 140k, so as of right now, its anyones guess what tomorrows report is going to bring. Also with this huge of a discrepancy between the reports, the following months will most likely revise tomorrows report substantially.
     
  4. expat_panama
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    expat_panama Silver Member

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    No they don't. GDP is when business sales pick up, and when that happens business start to hire.
    [​IMG]
    Check out how the blue GDP change plunge is during a recession, and the unemployment peak is after the recession. Jobs happen about a year after GDP, and all recoveries are 'jobless recoveries' --not just Republican recoveries like the leftist press would have us believe.
     
  5. expat_panama
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    expat_panama Silver Member

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    Huh. Just looked again at unemployment and gdp above. Now that GDP is falling again and unemployment rising, it looks like the economy is definitely turning the corner and we're going back into another recession.
     
  6. editec
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    editec Mr. Forgot-it-All

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    With the FED and EU deperately attempting to keep the EU from falling apart?

    Predictions about US recovery based soley on what is happening with our economy are, I suspect, missing the point that all economies are now linked.

    Is the Euro a dying specie?

    Looks to me like there's a flight of capital out of the Euro.

    And if Europe's economy is going into decline, how does that play out in ours?
     
  7. Warrior102
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    Warrior102 Gold Member

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    What's the unemployment rate?
     
  8. pinqy
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    pinqy Gold Member

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    8.6% but that's due to people leaving the labor force. Employment improved, but Unemployment dropped by more.
     
  9. Mad Scientist
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    Mad Scientist Deplorable Gold Supporting Member Supporting Member

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    Uh, say what? :confused:
     
  10. pinqy
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    pinqy Gold Member

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    The adult civilian non-institutional population went from 240,269,000 to 240,441,000, a change of +172,000

    Employment, from the population survey (not the official Employment which is non-farm payroll) went from 140,302,000 to 140,580,000, a change of +278,000

    Unemployment went from 13,897,000 to 13,303,000, a change of -594,000

    The Labor Force is Employed + Unemployed and went from 154,198,000 to 153,883,000, a change of --315,000

    Not in the Labor Force (people neither working nor trying to work) went from 86,071,000 to 86,558,000 a change of +487,000

    The Unemployment rate is Unemployed/Labor force so went from 13,897,000/154,198,000 = 9.0% to 13,303,000/153,883,000 = 8.6%
     

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