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This can be debated, it's debated among economists in fact. Some believe you can be in a recovery, even if unemployment continues to increase.
Currently, the rate of unemployment has been increasing each quarter, meaning jobs are still being lost. However, jobs are being lost on a much smaller scale than before. In order for the economy to recover, the market has to be restructured. In order for the market to restructure, some companies will have to close, which will drastically increase the unemployment rate. The reason why the unemployment rate is loosing less jobs than before is because there are less companies closing now than before. The unemployment rate is starting to stabilize, which is a sign in my opinion that we are in the beginning of a recovery. Good companies are seeing their profits again, within the next couple years, I believe we will be in a noticeable and strong recovery. So, even though the unemployment rate is still increasing, the rate at which it is increasing is much less than before, which is why (in my opinion and some economists), you can be in a recovery, but still have an increasing unemployment rate.
The reason that less people are filing for unemployment is because less companies are closing now then before you feel? Yea maybe. But the fact that less people are filing for unemployment could also be because their UI ran out.
Whatever the case. No recovery will ever happen so long as people are losing jobs at such an alarming rate. Even if no new UI filings take place in any given measurable period, that dont mean squat. When we see these unemployed getting back to work, then and only then will we get out of this depression.
I am in the construction industry. Single family detached homes and especially single family attached home building is almost non existant anywhere in the USA. But guess what is booming. Multi family apartment housing. And they are becoming more and more like human filing cabinets the builders try to get more units per acre then ever before. These multi family buildings are going up all over. Do you think all these builders know something?
Builders are the biggest fools of all bar none. The poster childern for riding the wave all the way to the wall time and time again. How someone could even think builders know something given the massive over building of just about everything, that in part cased this mess, is beyond belief.
The reason that less people are filing for unemployment is because less companies are closing now then before you feel? Yea maybe. But the fact that less people are filing for unemployment could also be because their UI ran out.
Whatever the case. No recovery will ever happen so long as people are losing jobs at such an alarming rate. Even if no new UI filings take place in any given measurable period, that dont mean squat. When we see these unemployed getting back to work, then and only then will we get out of this depression.
I disagree. We are not loosing jobs at an alarming rate now, the rate is beginning to stabilize. To have a full recovery, I agree we need to see job growth, but you can still be in a recovery with a decline in the rate of unemployment increase. I'm an avid stock trader, so I pay attention to all the government reports and earnings statements from major companies. There is no doubt that there has been huge improvement this year in almost every industry. The casino industry is one of the worst, some are still loosing money, but compared to last year, they are doing much better. This is an example on how a business can be improving even though they are still loosing money. Once again, economics is all debatable, just like religion...no one can say...THIS IS THE ANSWER.
Hello.
I badly want to move, but with the economy so uncertain, I am uncertain about when and where. I am currently a renter, retired, with strict budget restrictions;and want to move somewhere where the rents and costs of buying a home are low ...
... Do you think rents will continue to go up, or go down in the coming months??
natalie456
You do not state what region or state of the country you live in or what region or state you are willing to move to, which may also be connected to where you have relatives and/or friends. Another factor may be whether you are willing to move abroad.
With that information, what the overall economy is doing may be irrelevant.
To be sure, there are regions of the US, and other countries, where rents and the overall cost of living is relatively low compared to others.
Where are you now and where would you accept going to?
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