Unemplyment number continue to astound me

blogs.wsj.com...

We are already at Great Depression unemployment levels in the US.

What are stocks doing at a PE of 40 - and rising?

J

Unemployment is in an unprecidented free fall.

The numbers are even worse then that. Unemployment statistics do not include mothers not working but would like to unless they are going back into the work force, they don't include students, because a student has an occupation, they don't include people who have pretty much given up and are not actively looking for work. They pretty much only include people that had a job and are currently looking for employment, as well as those who have recently graduated and are looking for work. You can probably adjust several percentage points up from official unemployment statistics for a real unemployment rate

Yeah, it's getting worse and worse. But I really want to understand why! A lot of companies are making no sense by cutting down on employees!

Employers in the U.S. cut 467,000 jobs in June, the unemployment rate rose and hourly earnings stagnated, offering little evidence the Obama administration’s stimulus package is shoring up the labor market.

www.bloomberg.com...

[edit on 6-7-2009 by Scooby Doo]

Most certainly the current trend will pass the December 1982 record of 10.8%. With little business investment, a sharp reduction in commerce (Imports/Exports), and the closure of our major manufacturing plants (Auto and parts suppliers), employment is .ed south.

Think 9.5%, 10.8%, 16.5%, or 25% unemployment figures are high?

Consider this, 140 Million are employed:

• Out of a population of 304 Million, 53% are not employed
  
• Out of an able to work population of 235 Million, 40% are not employed
  
• In one year, able population increased by 2 Million (233 to 235), and (official) employed dropped by 5.6 Million (145.7 to 140.1), that would be 7.6 Million more unemployed in one year
  

U.S. Population: Google

U.S. Employment: BLS.gov

reply to post by Dbriefed


Sweet baby jebus! Better sign up for the military quick that will be the only choice you have soon :O but wate what if that was the plan after all? What if they wanted a draft but could not instate it so this was the next best option.

Originally posted by Scooby Doo
Yeah, it's getting worse and worse. But I really want to understand why! A lot of companies are making no sense by cutting down on employees!

Employers in the U.S. cut 467,000 jobs in June, the unemployment rate rose and hourly earnings stagnated, offering little evidence the Obama administration’s stimulus package is shoring up the labor market.

www.bloomberg.com...

[edit on 6-7-2009 by Scooby Doo]

Companies make no sense cutting employees??

When you have all your workforce sitting on their butts doing nothing, and no prospect for them doing anything within the next couple of years - why would you bankrupt your business by keeping them?

Why are stocks rising?

The USS Titanic is sinking - but people are dining, sleeping, drinking, gambling and the band is still playing.

The Federal Reserve has some main policies with regard to the 'bail out money'.


1) Make sure the connected bankers (Bilderscum buddies) get their money back, pay them out with TARP and bailouts - help them escape. This is like getting your pals into the lifeboats while telling everyone else they are going down to assess the damage to the hull and fix it.

2) Prop up the markets to mask the sickness of the economy - and allow the connected investors to sell out. This is like showing people the upper decks and saying, "Where's the water? There's no problem here." Meanwhile lifeboats with your pals are dropping into the water.

3) Coerce as many foreign countries as possible to engage in 'quantitative easing' - which will crash their currencies. As other currencies fall, it looks like the dollar is doing better. If another boat turns up to rescue people - sink it!

4) Print lots of paper gold and silver ETF's, and buy them back at a loss from agents for the Federal Reserve. This is another currency - if you push it down - it looks like the dollar is okay. Again - sink every other boat in sight that might rescue people.


So the USS Titanic is sinking, but the Fed is paying the band to play louder - and handing out some free drinks, and telling everyone that everything is ok. Those people getting into life boats are actually going to go and assess the damage to the hull and repair it - they are not sailing away at all.

When all the lifeboats are full, and all the gangsters have got clean away - then they will lock the gates below decks, and turn the pumps into reverse - flooding the ship as fast as they can.

This will be when the money from the Fed finally gets monetized as debt, and the spending spree on 30 yr treasuries reaches a frenzy - you will be locked below decks - watching as the freezing water pours over your feet.

[edit on 6-7-2009 by Amagnon]

Originally posted by Histopherness
The numbers are even worse then that. Unemployment statistics do not include mothers not working but would like to unless they are going back into the work force, they don't include students, because a student has an occupation, they don't include people who have pretty much given up and are not actively looking for work. They pretty much only include people that had a job and are currently looking for employment, as well as those who have recently graduated and are looking for work. You can probably adjust several percentage points up from official unemployment statistics for a real unemployment rate

It does not count the disabled that could work part time in jobs if there were companies out there hurting for workers.

Even Wal Mart has quit hiring disabled workers because there are so many healthy workers out there.
Add to that many companies don't hire the disabled because there employee health plans would cost a lot more.
So us disabled just sit at home and the tax payers pay us SSD/SSI to not work.

I have calculated the real unemployment rate is about 40%.
and for the disabled its around 75%.
www.ajc.com...
www.greenleft.org.au...
social.jrank.org...

reply to post by Amagnon


First of I said a lot of companies, your indicating I said all.

I am trying to say, the unemployment rate should not be this extreme, not all companies should of been effected by the economic turmoil. I can understand a lot of companies can't carry the load.

There has to be some other plan then what is being chalked up on the government's strategy board.



[edit on 6-7-2009 by Scooby Doo]