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Numbers do not lie here but they only tell some of the story.
Jobs are not being lost at the same pace but the number of jobs that are supposed to be created are heading in the wrong direction.
that is why continuing jobless claims are increasing not decreasing.
Continuing claims, meanwhile, unexpectedly jumped to a record-high. While layoffs are slowing, jobs remain scarce and the unemployment rate is rising, which some economists worry could weaken or delay a recovery. The unemployment rate rose to 9.5 percent last month and is expected to top 10 percent by the end of this year.
Numbers do not lie here but they only tell some of the story.
Jobs are not being lost at the same pace but the number of jobs that are supposed to be created are heading in the wrong direction.
that is why continuing jobless claims are increasing not decreasing.
I look at it this way: Hank Paulson was talking about a possible depression. No one expected this to be easy. I'm not shocked by the current economic situation at all. I also don't expect the storm to last more than another year or so. The economic reports I've read mostly say that stabilization is expected by the end of this year.
I guess you will not take into consideration that there are fewer employees to lay off since so many have already lost their jobs? Facts like that seem to be conveniently overlooked when grappling to make hussein obama look good.
I look at it this way: Hank Paulson was talking about a possible depression. No one expected this to be easy. I'm not shocked by the current economic situation at all. I also don't expect the storm to last more than another year or so. The economic reports I've read mostly say that stabilization is expected by the end of this year.
Ok but what does this mean? GDP is going to grow by .25% annually?
Yes that is better but it far from reaching capacity. And again, Housing is going to be a drag for a long time. Stabilization maybe, but any real growth or prosperity? I doubt it. This is an L shaped recovery. and the bottom of the L will be long reaching.
No I cannot, he is a Socialist. His popularity is dwindling very fast.. Many now see what they have done and WHO they have elected. They cant keep blaming President Bush. We can thank our current Economic trouble starting with Bill Clinton telling everybody that they can have a bigger loan than they could EVER repay... Look up Community Reinvestment Act. That started the whole ball rolling. People criticize corporate Greed. What the heck does everyone think MADE America? There is nothing wrong with some corporate greed - its what keeps people competing in the free market. Otherwise you sink into Socialism and Facism.
Ok but what does this mean? GDP is going to grow by .25% annually?
Yes that is better but it far from reaching capacity. And again, Housing is going to be a drag for a long time. Stabilization maybe, but any real growth or prosperity? I doubt it. This is an L shaped recovery. and the bottom of the L will be long reaching.
Yes, I agree, but again, the current economic situation doesn't surprise me and I don't think it should be a surprise to anyone who was paying attention when things really started to get bad last year.
If you're interested in reading a well-written, easy-to-understand economic forecast, I recommend this from Beacon Economics:
Yes, I agree, but again, the current economic situation doesn't surprise me and I don't think it should be a surprise to anyone who was paying attention when things really started to get bad last year.
If you're interested in reading a well-written, easy-to-understand economic forecast, I recommend this from Beacon Economics:
Correct- I do not believe once Lehman fell and the avalanche began that anyone would be surprised at where we are now.
I will read that. My favorite economics periodical is The Economist.
Twist facts? I had an email from a friend where there have been a lot of people layed off. A month later they layed off a few more and it may be a lesser amount the next time.
My brither-in law is the supervisor of a large construction company in Ca. First they layed off a lot of workers. About a month later they layed off a few of those left.
Unemployment has NOT went down.
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