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Old 12-02-2011, 06:24 PM
 
Location: New Jersey
15,261 posts, read 14,952,778 times
Reputation: 6740

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Quote:
Originally Posted by Texas User View Post
We are not even in a Recession. Plus unemployment just went down to 8.6%.
Temporarily at least. Seasonal jobs for the holidays and 300,000 less people looking for work lowered the rate. Still barely keeping our heads above water and both Europe and US debt are a real threat to the economy.
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Old 12-03-2011, 07:15 PM
 
12,671 posts, read 21,926,230 times
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Quote:
Originally Posted by ilovemycomputer90 View Post
Temporarily at least. Seasonal jobs for the holidays and 300,000 less people looking for work lowered the rate. Still barely keeping our heads above water and both Europe and US debt are a real threat to the economy.
9.1% to 8.6% in one month is a big drop though.

Also, we are still not in a recession.

Look at how well the stock market has performed since March of 2009.
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Old 12-03-2011, 07:46 PM
 
10,494 posts, read 24,386,191 times
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Quote:
Originally Posted by Texas User View Post
9.1% to 8.6% in one month is a big drop though.
Seriously, give it up. 315,000 people left the workforce. It takes 125,000 jobs a month just to keep up with population growth. So, we gained 120,000 jobs, big deal. There was no real drop in unemployment.
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Old 12-03-2011, 10:08 PM
 
12,671 posts, read 21,926,230 times
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Quote:
Originally Posted by las vegas drunk View Post
Seriously, give it up. 315,000 people left the workforce. It takes 125,000 jobs a month just to keep up with population growth. So, we gained 120,000 jobs, big deal. There was no real drop in unemployment.
According to the BLS it was and that is why Stock market rallied.
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Old 12-03-2011, 10:16 PM
 
10,494 posts, read 24,386,191 times
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Quote:
Originally Posted by Texas User View Post
According to the BLS it was and that is why Stock market rallied.
Huh, I thought the stock market ended flat on Friday.
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Old 12-03-2011, 11:15 PM
 
12,671 posts, read 21,926,230 times
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Quote:
Originally Posted by las vegas drunk View Post
Huh, I thought the stock market ended flat on Friday.
Not when the jobs report came out plus NASDAQ finished in positive.

It was one of the greatest weeks since 2009.
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Old 12-04-2011, 12:03 AM
 
Location: NJ
18,668 posts, read 18,081,045 times
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Texas User, The stock market is not an indicator of the economy. Corps shed 8 million jobs from late 2007 through 2009, and the stock market LOVED that, as corp earnings surpassed pre-recession levels. Notice though that shedding was not good for the nation.

If corps could ax another 8 million, WS bonuses in 2012 would be the biggest ever. Do you think that would be good for America?
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Old 12-04-2011, 09:13 AM
 
Location: IN
22,164 posts, read 38,693,993 times
Reputation: 14770
Quote:
Originally Posted by Texas User View Post
9.1% to 8.6% in one month is a big drop though.

Also, we are still not in a recession.

Look at how well the stock market has performed since March of 2009.
Ask most people on the street if we are still in a recession and the answer would be yes.
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Old 12-04-2011, 11:18 AM
 
3,335 posts, read 2,701,528 times
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Quote:
Originally Posted by GraniteStater View Post
Ask most people on the street if we are still in a recession and the answer would be yes.
Every street but "WALL"
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Old 12-04-2011, 11:59 AM
 
Location: Great State of Texas
86,068 posts, read 76,631,796 times
Reputation: 27642
Quote:
Originally Posted by Texas User View Post
According to the BLS it was and that is why Stock market rallied.
The BLS lowered the number of people participating in the labor force.
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