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Old 06-01-2012, 09:22 AM
 
Location: MD
3,969 posts, read 2,083,999 times
Reputation: 6437

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So, yeah... here are the May job report numbers:

Only 69,000 jobs added (below population growth rate per month) and U3 unemployment increased to 8.2%

U.S. adds 69,000 jobs in May; jobless rate 8.2% - MarketWatch

This doesn't even count the continuing mass exodus of people from the workforce as their unemployment benefits end with no hope of a job.

Looks like the "Recovery" is continuing!
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Old 06-01-2012, 09:24 AM
 
Location: Virginia Beach, VA
5,517 posts, read 5,598,913 times
Reputation: 2432
Maybe enough people will permanately leave the workforce that the unemployment numbers will look rosy.....ignore the fact that only 35% of the population has a job.......
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Old 06-01-2012, 09:29 AM
 
172 posts, read 100,393 times
Reputation: 177
one term president
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Old 06-01-2012, 09:43 AM
 
Location: Chicago area
4,348 posts, read 4,978,236 times
Reputation: 6603
Quote:
Originally Posted by Trip Mcnealy View Post
one term president
+1

When he made that comment that India was a net producer of American Jobs it should have become painfully clear to everyone that that guy has no idea what he is doing with economic issues.
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Old 06-01-2012, 09:45 AM
 
Location: Virginia Beach, VA
5,517 posts, read 5,598,913 times
Reputation: 2432
Quote:
Originally Posted by MSchemist80 View Post
+1

When he made that comment that India was a net producer of American Jobs it should have become painfully clear to everyone that that guy has no idea what he is doing with economic issues.

Its not in the best interest of either major party (or almost any elected official), to correct the economic issues. That would seriously dampen their support amongst huge business.
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Old 06-01-2012, 09:50 AM
 
Location: MD
3,969 posts, read 2,083,999 times
Reputation: 6437
IMHO, the next leg down is approaching, and it is going to BAD.

Even the government, once a seemingly endless source of jobs, is no longer in net hiring mode:

Federal employment drops after years of explosive growth

Years later, history will make it clear that "The Recovery" was just a PR ploy and a result of endless bailouts and money-printing that did nothing to actually fix the problem or end the Depression.
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Old 06-01-2012, 03:38 PM
 
Location: Brooklyn,NY
7,148 posts, read 5,422,646 times
Reputation: 9413
[quote=Rambler123;24555963]IMHO, the next leg down is approaching, and it is going to BAD.

Even the government, once a seemingly endless source of jobs, is no longer in net hiring mode:

Federal employment drops after years of explosive growth

Years later, history will make it clear that "The Recovery" was just a PR ploy and a result of endless bailouts and money-printing that did nothing to actually fix the problem or end the Depression.[/QUOTE]

It's the equivalent of the captain yelling "everything is ok!!" As the ship is sinking.

There is simply not enough job growth, wage stagnation with many of the current jobs, And people unemployed long term that makes finding a job harder unfortunately.
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Old 06-01-2012, 03:46 PM
 
Location: MD
3,969 posts, read 2,083,999 times
Reputation: 6437
Indeed! "No unemployed need apply!" is a vital part of this "recovery." And then the unemployed are yelled at for not finding jobs... hahaha... wow.
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Old 06-01-2012, 03:56 PM
 
Location: Brooklyn,NY
7,148 posts, read 5,422,646 times
Reputation: 9413
Quote:
Originally Posted by Rambler123 View Post
Indeed! "No unemployed need apply!" is a vital part of this "recovery." And then the unemployed are yelled at for not finding jobs... hahaha... wow.

Exactly. There are more hurdles then ever. It's an employers market, And they can demand perfect credit, work history, and even disqualify on other things-Things that are prohibited (marital status, Parental status, Even race/backround sadly) without making that known outright. And it sucks. A person who hits a speed bump should be able to get on their feet with the effort they put in. This country was built on people starting with nothing and becoming a success.
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Old 06-01-2012, 04:28 PM
 
16,982 posts, read 7,619,382 times
Reputation: 6293
I'm no Obama fan, but the exodus reversed itself this month, as there were 600k more job seekers than in prior survey.

But an aboinable report, and an awful several months now.
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