What is the next unemployment number?

Discussion in 'Economy' started by Baruch Menachem, Jul 19, 2011.

  1. Baruch Menachem
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    Baruch Menachem '

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    I am noticing a substantial shrinkage in the help wanted advertising, and there have been several high profile lay offs in the past two weeks. That could just be an artifact of living in Oregon, looking for a specific sub set of jobs, or being in a general bad mood.


    We are having a carnival of stupid in DC, which is always bad for business, and by extension bad for job growth.

    So I am going to go out on a limb and predict the next unemployment will be 9.6%

    Where do you think the employment numbers are going to be, and why?

    Just to be clear, My preference would be for a very much lower unemployment number. that means the number of folks looking for jobs would be a great deal smaller, and my chances a great deal better, given as I give such a lousy interview. Being out of work sucks. And my main goal is to reduce the unemployment numbers by one.... me.
     
  2. CitizenPained
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    CitizenPained Dissident-Jude

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    Unemployment is obviously higher than that, but I think it will get worse before it gets better, especially as states consider budget cuts - less teachers, police officers, firemen, contracts, etc.

    [ame=http://www.youtube.com/watch?v=JkFbYxrxbA8]‪moveon.org's 30 second ad winner "Childs Pay"‬‏ - YouTube[/ame]


    oh wait, wrong president...sorry.

    I'm very sore at being unemployed right now. I actually have to leave the state I've been in love with for the last six years. :(
     
    Last edited: Jul 20, 2011
  3. Wiseacre
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    Wiseacre Retired USAF Chief Supporting Member

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    Best of luck man, hope you find something soon. I think 9.6% might be a little high, but I got no data to support that. My guess would be more like what it is now, maybe a tenth of a percent one way or the other. Who knows how many folks stop looking for work and therefore don't get counted. I don't see anything that has recently occurred that might affect the numbers much.
     
  4. rdean
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    rdean rddean

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    Considering the trillions in Bush tax cuts. The Bush tax cut extensions. Nearly half of the stimulus being tax cuts. The oil subsidies. And the fact that the 12 largest US corporations pay zero in taxes, plus the top 10% paying the least in taxes in the last 50 years, according to right wing logic, unemployment should be about 2%. Guess they're a little bit off.
     
  5. waltky
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    waltky Wise ol' monkey Supporting Member

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    Unemployment on the rise again...
    :eusa_eh:
    28 states see unemployment rates rise
    July 23, 2011 -- Twenty-eight states and the District of Columbia saw their unemployment rates increase in June, the U.S. Labor Department said.

     
  6. Leweman
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    Leweman Gold Member

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    If it werent for the Bush tax cuts we'd be in a great depression. But we aren't are we? Phew!
     
  7. waltky
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    waltky Wise ol' monkey Supporting Member

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    Where to look for a job...
    :confused:
    Unemployment rate giving you the blues? Try these top five cities for jobs.
    5 Aug.`11 - With the economy barely growing and investors bailing out of corporate stocks, the US job market isn't exactly sizzling. But conditions vary by region, with some metro areas showing substantial improvement over the past year, according to the Labor Department. Here are the five large metro areas with the lowest unemployment rates combined with unemployment that is down at least half a percentage point over last year.
     
  8. driveby
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    driveby Gold Member

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    If it goes down, the stimulus was a success, if it goes up, it's Bush's fault.....
     
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  9. william the wie
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    william the wie Gold Member

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    OP ans. That depends on how the EU crisis is resolved and until Sept no one really knows how or if it will be resolved.
     
  10. iamwhatiseem
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    iamwhatiseem Gold Member

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    Ahh...ya noticed that too?
    Did you notice the President's little announcement yesterday? Yeah...the economy is bad again, a few months ago his measures were "working"...now the bad economy is not his fault...seriously he literally pointed the finger away from the White House...again.
     
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