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Old 06-05-2009, 06:42 AM
 
1,983 posts, read 7,519,370 times
Reputation: 418

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The pace of job cuts has slowed substantially. May's decline of 345,000 was roughly -150,000 LESS than expected. Recession should be over in the 3Q of this year, ladies and gentlemen.

MarketWatch.com Story

 
Old 06-05-2009, 07:12 AM
 
Location: New Jersey
2,715 posts, read 11,911,662 times
Reputation: 1434
That is very good news, however a NY Times article is suggesting that this could be a jobless recovery. http://www.nytimes.com/2009/06/06/bu...l?ref=business
 
Old 06-05-2009, 07:17 AM
 
1,983 posts, read 7,519,370 times
Reputation: 418
It will be, just like the last recession. The point is, the recession is about to end.
 
Old 06-05-2009, 08:19 AM
 
Location: New Jersey
4,182 posts, read 5,064,936 times
Reputation: 4233
I was shocked to see that number, in a good way
 
Old 06-05-2009, 08:25 AM
 
835 posts, read 1,180,780 times
Reputation: 186
All hail obama
 
Old 06-05-2009, 08:26 AM
 
Location: NJ
31,771 posts, read 40,711,393 times
Reputation: 24590
when will obama force us all to convert to islam or die? oh wait, hes not a muslim, sorry.
 
Old 06-05-2009, 08:33 AM
 
1,931 posts, read 3,414,679 times
Reputation: 956
Quote:
Originally Posted by MoorestownResident View Post
The pace of job cuts has slowed substantially. May's decline of 345,000 was roughly -150,000 LESS than expected. Recession should be over in the 3Q of this year, ladies and gentlemen.

MarketWatch.com Story
Very good news, lets just hope this continues.
 
Old 06-05-2009, 08:49 AM
 
268 posts, read 761,784 times
Reputation: 72
An 8.9% to 9.4% unemployment spike and you're talking recovery? That's pretty funny.

Keep eatin' them Zoloft.
 
Old 06-05-2009, 09:17 AM
 
604 posts, read 2,011,786 times
Reputation: 206
Ghuber:

It is a numbers game and if you learned anything from history and study of trends unemployment % always lags the actual jobs loss/gain. So why not take a clue rather than be literal about numbers as they appear... any trend before reversing has to be slowed down before showing complete reversal!! Don't you agree?
 
Old 06-05-2009, 09:20 AM
 
Location: Piscataway, New Jersey
531 posts, read 2,150,630 times
Reputation: 162
Quote:
Originally Posted by armx View Post
Ghuber:

It is a numbers game and if you learned anything from history and study of trends unemployment % always lags the actual jobs loss/gain. So why not take a clue rather than be literal about numbers as they appear... any trend before reversing has to be slowed down before showing complete reversal!! Don't you agree?
No! The numbers don't matter, trends don't matter, Obama's a wacky Marxist Muslim Homo and I'm scared!
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