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Old 05-17-2012, 07:09 PM
 
1,433 posts, read 2,986,140 times
Reputation: 889

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State director said it's uncertain whether people simply left the state or gave up looking. Maybe they saw summer coming. One thing for sure, there goes a bunch of possible home buyers.

Arizona's jobless rate plummets : Welcome to StarNet - Tucson, Arizona
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Old 05-17-2012, 07:19 PM
 
Location: Arizona
1,665 posts, read 2,951,997 times
Reputation: 2385
Quote:
Originally Posted by actinic View Post
State director said it's uncertain whether people simply left the state or gave up looking. Maybe they saw summer coming. One thing for sure, there goes a bunch of possible home buyers.

Arizona's jobless rate plummets : Welcome to StarNet - Tucson, Arizona

Quote:
there goes a bunch of possible home buyers.
There are few homes for them to buy anyway. As the housing industry rebounds hopefully they will find related jobs since so many AZ jobs are related to the housing industry.
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Old 05-17-2012, 07:22 PM
 
Location: Metro Phoenix, AZ USA
17,915 posts, read 43,472,793 times
Reputation: 10728
And how many moved IN, with or without jobs in hand? The connection to number of home buyers isn't that simple.
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Old 05-17-2012, 11:18 PM
 
8,061 posts, read 4,896,520 times
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When we get a new President that is pro active. (Not Obama) . The Pipe line from Old Canada will actually have a start date. We have a proactive Energy Plan. All of us who forced to live in parts of the country for a simple job, will return home. I have been looking for path home for 2.5 years, but this stinking recession that we are is is holding up the move.
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Old 05-18-2012, 01:05 AM
 
Location: Metro Phoenix, AZ USA
17,915 posts, read 43,472,793 times
Reputation: 10728
Quote:
Originally Posted by GHOSTRIDER AZ View Post
When we get a new President that is pro active. (Not Obama) . The Pipe line from Old Canada will actually have a start date. We have a proactive Energy Plan. All of us who forced to live in parts of the country for a simple job, will return home. I have been looking for path home for 2.5 years, but this stinking recession that we are is is holding up the move.

In another thread you said you were thankful you didn't own property in this state, now here you say you are looking for a "path home". Are you planning on renting or buying?
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Old 05-18-2012, 01:17 AM
 
10,494 posts, read 27,277,455 times
Reputation: 6718
Quote:
Originally Posted by actinic View Post
State director said it's uncertain whether people simply left the state or gave up looking. Maybe they saw summer coming. One thing for sure, there goes a bunch of possible home buyers.

Arizona's jobless rate plummets : Welcome to StarNet - Tucson, Arizona
What I am about to say is not just for Phoenix, it is national. The UE rate in every state is going down because of people giving up looking for work, or falling off the unemployment rolls. I personally am one of them. The labor participation rate is now the worst it has ever been since 1981. Basically, the economy is not producing enough jobs to even keep up with population growth. In other words, the job market now is actually worse than 2008 when the crash started.
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Old 05-18-2012, 06:57 AM
 
Location: Phoenix
7,196 posts, read 9,268,784 times
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Hmmm. Does the unemployment rate only include people who go thru unemployment? I've been unemployed a few times but have never used unemployment. Just went job hunting.
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Old 05-18-2012, 07:16 AM
 
Location: outer space
484 posts, read 971,199 times
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Quote:
Originally Posted by las vegas drunk View Post
What I am about to say is not just for Phoenix, it is national. The UE rate in every state is going down because of people giving up looking for work, or falling off the unemployment rolls. I personally am one of them. The labor participation rate is now the worst it has ever been since 1981. Basically, the economy is not producing enough jobs to even keep up with population growth. In other words, the job market now is actually worse than 2008 when the crash started.
Provide a source for your info, rather than just spitting out hearsay.
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Old 05-18-2012, 07:22 AM
 
Location: Sonoran Desert
39,107 posts, read 51,328,001 times
Reputation: 28356
Quote:
Originally Posted by locolobo13 View Post
Hmmm. Does the unemployment rate only include people who go thru unemployment? I've been unemployed a few times but have never used unemployment. Just went job hunting.
No, it is based on a survey of households. People identify as employed, looking for work etc. It does not take the actual numbers receiving unemployment into account.

Analyses I have looked at suggest that a goodly share of the drop in the labor force is retiring of baby boomers. Some of that is early retirement due to economic conditions. Some just want to go fishing, start businesses, take a break and go part time later etc. The labor force in the US will continue to drop for several years from this effect. To some degree, it represents opportunity for younger people to move up.

As the article implied, you can't draw too many accurate conclusions about a slight change in the labor participation in the PHX area. That doesn't stop the Phoenix detractors from trying though. The reality is that the Phoenix area is in recovery mode. Phoenix is leading the US in the housing recovery and is among the bright spots in job growth. When all is said and done, Phoenix was and will be one of the best places in the country for growth and jobs.

Last edited by Ponderosa; 05-18-2012 at 07:35 AM..
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Old 05-18-2012, 07:46 AM
 
10,494 posts, read 27,277,455 times
Reputation: 6718
Quote:
Originally Posted by robabeatle View Post
Provide a source for your info, rather than just spitting out hearsay.
"it is just getting sad now. In April the number of people not in the labor force rose by a whopping 522,000 from 87,897,000 to
88,419,000. This is the highest on record. The flip side, and the reason why the unemployment dropped to 8.1% is that the labor force participation rate just dipped to a new 30 year low of 64.3%"

People Not In Labor Force Soar By 522,000, Labor Force Participation Rate Lowest Since 1981 | ZeroHedge
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