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Old 05-20-2011, 11:50 AM
 
Location: Zurich, Switzerland/ Piedmont, CA
32,383 posts, read 55,214,514 times
Reputation: 15477

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Sorry, don't know how to correct mistakes in thread titles, I meant to say: CA UNEMPLOYMENT falls below 12% for the first time in 2 Years. LOL.

In any event, this is largely symbolic, and our labor market has been extremely unpredictable, but at very least our jobless rate is down half a percentage point from this time last year-which is a welcomed improvement.

Quote:
The unemployment rate in April 2010 was 12.4% and the state has added 144,200 jobs since then.

California still has the second-highest unemployment rate in the nation, after Nevada, at 12.5%, according to figures released Friday from the Bureau of Labor Statistics.

Observers say the state's recovery is still unfolding in fits and starts.

California's unemployment rate dips to 11.9% as state adds 8,900 jobs | Money & Company | Los Angeles Times
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Old 05-20-2011, 01:54 PM
 
Location: The High Seas
7,379 posts, read 13,359,787 times
Reputation: 11702
"Hindenburg passengers! Attention all Hindenburg passengers! Free ice cream on the deck lounge!"








Sorry, I couldn't resist.
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Old 05-20-2011, 01:58 PM
 
Location: Northern California
3,681 posts, read 13,170,970 times
Reputation: 1835
From 12% to 11.9% Happy days are here again!
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Old 05-20-2011, 01:58 PM
 
5,113 posts, read 4,959,016 times
Reputation: 1732
Quote:
Originally Posted by 18Montclair View Post
Sorry, don't know how to correct mistakes in thread titles, I meant to say: CA UNEMPLOYMENT falls below 12% for the first time in 2 Years. LOL.

In any event, this is largely symbolic, and our labor market has been extremely unpredictable, but at very least our jobless rate is down half a percentage point from this time last year-which is a welcomed improvement.
Interesting because the number of people filing for unemployment insurance for the first time went up in April from March. The number of people filing for unemployment insurance is not a survey, it’s from records where the number of people employed, new jobs, is a survey.

In a nutshell ... I don't trust the survey because it has been shown time and time again during this recession that the government is fudging the numbers and will quietly send out a correction weeks later when no one is paying attention.
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Old 05-20-2011, 02:49 PM
 
2,926 posts, read 5,316,505 times
Reputation: 1502
statistical noise
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Old 05-20-2011, 03:09 PM
 
Location: Bella Vista, Ark
72,044 posts, read 83,719,346 times
Reputation: 41819
Quote:
Originally Posted by 18Montclair View Post
Sorry, don't know how to correct mistakes in thread titles, I meant to say: CA UNEMPLOYMENT falls below 12% for the first time in 2 Years. LOL.

In any event, this is largely symbolic, and our labor market has been extremely unpredictable, but at very least our jobless rate is down half a percentage point from this time last year-which is a welcomed improvement.
yes, I heard that on the news just a few minutes ago: hope it continues in the downword direction. The only less than positive aspect: the woman the interviewed, Nancy somebody did say many of the jobs are temp jobs that hopefully will turn into full time jobs. She said some have already but not enough.

Nita
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Old 05-20-2011, 03:17 PM
 
15,740 posts, read 9,263,160 times
Reputation: 14228
Quote:
Originally Posted by 18Montclair View Post
Sorry, don't know how to correct mistakes in thread titles, I meant to say: CA UNEMPLOYMENT falls below 12% for the first time in 2 Years. LOL.

In any event, this is largely symbolic, and our labor market has been extremely unpredictable, but at very least our jobless rate is down half a percentage point from this time last year-which is a welcomed improvement.
Woohooo.....all the folks that actually want to work have moved out of the state.
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Old 05-21-2011, 01:17 AM
 
1,359 posts, read 4,382,497 times
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Doesn't really mean much until the numbers improve in the hardest hit areas. When the places that are above 15% get back to below 10%, then I'll say things have gotten better.
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Old 05-21-2011, 08:04 AM
 
4,182 posts, read 5,802,800 times
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During caveman days, there was full employment. Everyone (including the very old and the very young) had to work. Hunt and gather, gather and hunt. Or they starved and died.

Unemployment is a good thing. It's a sign of civilizational progress (i.e. more labor efficiency).
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Old 05-21-2011, 09:16 AM
 
Location: San Diego, California Republic
16,439 posts, read 22,383,362 times
Reputation: 8630
Quote:
Originally Posted by ndfmnlf View Post
During caveman days, there was full employment. Everyone (including the very old and the very young) had to work. Hunt and gather, gather and hunt. Or they starved and died.

Unemployment is a good thing. It's a sign of civilizational progress (i.e. more labor efficiency).
Nothing about this post makes any sense.
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