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US unemployment rate reaches 7.6%

earthworm said:
What an intelligent conversation..
There must be nothing but children here !
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Agree. It was a good thread until someone who accused someone else of trolling started trolling. :roll:
 
I'm actually going to defend M_Z here (gulp). He has a definitive anti-US mantra that he follows and we all know exists. Arguing against this would be a wate of time. But I see nothing in his OP that slams the US at all. He simply reports that the unemployment rate has fallen and that he predicted this. I think Goobieman is being a little harsh on him in this instance. In many of M_Z's other posts, Goobieman would be dead on as even I have pointed out M_Z's anti-US mannerisms. But I think it wnt too far this time, but not on M_Z's behalf.

The key is as to how we (the US) are going to get out of this period of time and recover. It's a global economy now and when one is affected on the scale the US is presently, the others are going to be affected as well. In this case, the US probably hurts the rest of the world more than the EU could ever do to the US. We (the US) are such a force in manufacturing, financial ties and we sell a lot of products. Having said that, the stimulus package, err I mean dem pet project package is going to make our recovery far more difficult in the long run than if no package was passed at all. We are funding and creating programs that will need to be funded for years and years to come. How anyone can say that many of these programs are going to encourage growth is beyond me. We are headed towards being a socialist nation with the passage of this bill in the coming days. Socialism isn't what the US needs nor wants, but we're headed there anyway and Obama is going to drag us there kicking and screaming - well some of us anyway.
 
danarhea said:
Oops, sorry about that.

US Department of Labor

While more accurate than U3, is still not the most accurate number, which is probably somewhere between U3 and U6.
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Dano..., just amazeing. I can`t get this much info out of a news paper, and if I try to express that I think its worse than the numbers reported, by the mainstream media, the ultra-right will open fire on me. The numbers reported by the US dept. of labor , I think, still do not account fully for the true state of the US labor market. Case in point,[Evening news story Ch 2 Nashville]," There has been a 70% increase in home reposesions.... A bleeding heart conservative in here, I shall not name, will explain that its,"simply lazy people...". This is one of those numbers that tell a more telling story.
 
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Maximus Zeebra said:
I think the unemployment rate is a good indication that times are really bad right now, more so than GDP numbers. After all, jobs are more important than effectiveness.

I think the tendency is horrific, actually dreadful to think of.
I blame the last administration for parts of this, they could have prevented the dramatic decline, and not wasted money on useless things and further put the US into debt like they did.


Those numbers are interesting nonetheless. They tell me that "temporary workers" are the ones getting shed first and that the short term trend is not as dramatic as the long term trend. If the US economy recovers very soon, then the most permanent and stable jobs or core jobs at least havent been lost, thats a good thing.
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Just hitting the ,"thanks button", won`t suffice here. I never thought I`d agree with you and furthermore appriciate your contribution in a post , but the day has come... The US is ,"well done...", thanks for not sticking a fork in to confirm that our blood is cooked dry. That said, the right wing extremests will start feeding on me very shortly, for my remarks.
 
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Rodney said:
Dano..., just amazeing. I can`t get this much info out of a news paper, and if I try to express that I think its worse than the numbers reported, by the mainstream media, the ultra-right will open fire on me. The numbers reported by the US dept. of labor , I think, still do not account fully for the true state of the US labor market.
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Actually, they do, but you have to look at the hard data instead of listening to the media whores. But even the hard data is misleading if you only look at one number without looking at the rest. >13% unemployment looks bad, but that's U6. U1 looks extremely rosy. You can't just pluck one number out of the figures and say that is what our unemployment is. In addition, you might want to look at regions too. Houston is not sitting bad at all, but Detroit is seeing close to Great Depression numbers. If I lived in Detroit and wanted a job, I would move to Houston. :)
 
Maximus Zeebra said:
BBC NEWS | Business | US unemployment rate reaches 7.6%

Wow, this is very concerning for the US. Horrible numbers. US unemployment is now higher than EU-27 and passing the Eurozone next month. Considering European unemployment has been hovering about 7% for quite awhile, and US unemployment was only 4% a year ago, the numbers are dramatic.

I actually predicted this to happen several years ago, but then people called me dumb and what not. If you do not believe me, check out my first posts on this forum and my warnings about a worse economy for the US and the UK the coming years, but a relative stable European economy.
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Interesting...I had a discussion with a friend several years ago and he too was telling me how he was predicting a depression coming. He actually went as far and said it will be far worse than the "Great Depression"! This was during a time when we were at the peak of our economy and construction was booming! I kinda blew off the conversation for awhile until I started to notice that things were falling in place exactly like he had predicted.
 
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danarhea said:
Actually, they do, but you have to look at the hard data instead of listening to the media whores. But even the hard data is misleading if you only look at one number without looking at the rest. >13% unemployment looks bad, but that's U6. U1 looks extremely rosy. You can't just pluck one number out of the figures and say that is what our unemployment is. In addition, you might want to look at regions too. Houston is not sitting bad at all, but Detroit is seeing close to Great Depression numbers. If I lived in Detroit and wanted a job, I would move to Houston. :)
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..................:rofl
 
creativedreams said:
Interesting...I had a discussion with a friend several years ago and he too was telling me how he was predicting a depression coming. He actually went as far and said it will be far worse than the "Great Depression"! This was during a time when we were at the peak of our economy and construction was booming! I kinda blew off the conversation for awile until I started to notice that things were falling in place exactly like he had predicted.
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.......... YIKES, :shock:
 
creativedreams said:
Interesting...I had a discussion with a friend several years ago and he too was telling me how he was predicting a depression coming. He actually went as far and said it will be far worse than the "Great Depression"! This was during a time when we were at the peak of our economy and construction was booming! I kinda blew off the conversation for awhile until I started to notice that things were falling in place exactly like he had predicted.
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He must have read Marx's Das Kapital.
 
creativedreams said:
No, he's just a very perceptive person
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Das Kapital is a pretty interesting critique of capitalism noticing up swings in innovation then down swings that allow investment in machinery.
 
Rodney said:
Please allow me to mangle a quote, ( source forgotten). "Capitalism will ultimately bring about its own failure(s)".
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I never really gave it a deep look at the pro's and con's of capitalism until recently. There certainly are major flaws in the whole economic cycle of our type!
 
creativedreams said:
I never really gave it a deep look at the pro's and con's of capitalism until recently. There certainly are major flaws in the whole economic cycle of our type!
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Only when people are stupid enough to borrow money they can't pay back or loan to the aforementioned people. Or stupid enough to approve or even force that process through legislation.
 
When Americans get laid off they don't buy **** that Europeans or Asians make so Europeans and Asians get laid off.....
 
Rodney said:
And then the globalists are shocked at what they hath wrought.:doh
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Yeah but then when the crisis is over Americans start buying up again and Europeans and Asians have jobs again. It's a revolving door.
 
Hatuey said:
When Americans get laid off they don't buy **** that Europeans or Asians make so Europeans and Asians get laid off.....
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And then America can't get loans. :mrgreen:
 
Hatuey said:
Yeah but then when the crisis is over Americans start buying up again and Europeans and Asians have jobs again. It's a revolving door.
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This revolving door you speak of, is that the fluttering sound made as the stock markets goes up and down on a daily basis ? The wrong people are getting the lesson here, sadly so. And when we have our jobs , the average individual doesn`t care about the enslaved manufacturers, manufactureing the low quality, low priced goods he or she can`t get enough of. :(
 
Maximus Zeebra said:
BBC NEWS | Business | US unemployment rate reaches 7.6%

Wow, this is very concerning for the US. Horrible numbers. US unemployment is now higher than EU-27 and passing the Eurozone next month. Considering European unemployment has been hovering about 7% for quite awhile, and US unemployment was only 4% a year ago, the numbers are dramatic.

I actually predicted this to happen several years ago, but then people called me dumb and what not. If you do not believe me, check out my first posts on this forum and my warnings about a worse economy for the US and the UK the coming years, but a relative stable European economy.
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7.6% is a great number for Europe. That's the zero point for the EU.

EU. A relatively stable economy? Time will tell, and I say not likely. LOL. Germany, the EU's engine fell flat with Schroeder as he couldn't get the unemployment rate down during a good US economy... it doubled on his watch.

The EU is a follower. Like the CDN dollar, there may be times when it reaches some type of parity when things get tough in the US but it's not something you can look at and say it's for the long term.

The EU is still a poor cousin to the US.

Don't worry, the US will bounce back. We're three weeks closer to the end of the Obama presidency.

Let's see which country recovers first (with Obama I"m guessing it'll be 6 years... it will require removing the Marxist and electing a Reagan-like figure).
 
P/N said:
I'm actually going to defend M_Z here (gulp). He has a definitive anti-US mantra that he follows and we all know exists. Arguing against this would be a wate of time. But I see nothing in his OP that slams the US at all. He simply reports that the unemployment rate has fallen and that he predicted this. I think Goobieman is being a little harsh on him in this instance. In many of M_Z's other posts, Goobieman would be dead on as even I have pointed out M_Z's anti-US mannerisms. But I think it wnt too far this time, but not on M_Z's behalf.

The key is as to how we (the US) are going to get out of this period of time and recover. It's a global economy now and when one is affected on the scale the US is presently, the others are going to be affected as well. In this case, the US probably hurts the rest of the world more than the EU could ever do to the US. We (the US) are such a force in manufacturing, financial ties and we sell a lot of products. Having said that, the stimulus package, err I mean dem pet project package is going to make our recovery far more difficult in the long run than if no package was passed at all. We are funding and creating programs that will need to be funded for years and years to come. How anyone can say that many of these programs are going to encourage growth is beyond me. We are headed towards being a socialist nation with the passage of this bill in the coming days. Socialism isn't what the US needs nor wants, but we're headed there anyway and Obama is going to drag us there kicking and screaming - well some of us anyway.
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I am on of the few truly pro-Americans on this forum.. Thats the reality, you people simply do not understand that, but its okay with me, you can call me anti-American all that you please for your own satisfaction.. Yet I am the one who want the good policies for the US, while you people just want to follow destructive agendas. Allthewhile you take me as anti-American for criticizing those same destructive agendas. Nothing but ironic really..

Then to address the last part of your post.. I disagree, the stimulus package will have a negative long run effect on the US economy, because it bring you further into debt. The size of the package is meaningless when you look at it in perspective of the parts of your economy which is already lost, and your huge 13 trillion$ government external debt. The package is meaningless and will not recover the US economy, a 13 trillion $ annual economy. If you think that, then you surely are kind of blind as to the reasons and the depth of this crisis. People want to call it mortgage related, I like to call it "lack of trust/global economic adjustment", thats the reality of the crisis, not home mortgages and the collapse of credit, those are just two realities of a whole other bigger economic adjustment/revaluation on the global stage.
 
Rodney said:
Just hitting the ,"thanks button", won`t suffice here. I never thought I`d agree with you and furthermore appriciate your contribution in a post , but the day has come... The US is ,"well done...", thanks for not sticking a fork in to confirm that our blood is cooked dry. That said, the right wing extremests will start feeding on me very shortly, for my remarks.
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Yeah, and me as well.. We will fall victim to the same people who in ignorance is ruining your country.. :doh
 
creativedreams said:
Interesting...I had a discussion with a friend several years ago and he too was telling me how he was predicting a depression coming. He actually went as far and said it will be far worse than the "Great Depression"! This was during a time when we were at the peak of our economy and construction was booming! I kinda blew off the conversation for awhile until I started to notice that things were falling in place exactly like he had predicted.
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I will try to find those old posts if I can, I also said it would worse than the great depression, but of a whole different character.. What I am thinking is that the west is kind of in a decline against the rest of the world, but since we still grow we are blind to see that we are in an actual decline, because its not just numerical, but social and intellectual as well.

I think the main problem right now is that people compare it with the great depression, when the world is completely different today and the collapse quite of another character. I am stuck with some hope about situations, since I live in this time, which is overclouding what I have said all along, in hope that the scenario that I envisioned will not happen. Hope can be both destructive and constructive. Blind hope is the most destructive.
 
Rodney said:
Please allow me to mangle a quote, ( source forgotten). "Capitalism will ultimately bring about its own failure(s)".
Click to expand...

Yes, that it will.. Both capitalism and democracy is in their last stages, they will always eventually turn bad.
 
creativedreams said:
I never really gave it a deep look at the pro's and con's of capitalism until recently. There certainly are major flaws in the whole economic cycle of our type!
Click to expand...

Actually cycles themselves are the biggest problem.. Such is building an unsustainable economy as capitalism will always be, and short term pleasure based economy.. And since the economy is connected with politics and democracy, there is a double bad when its impossible to focus on the long term, and the horrible populist factor of it to cut taxes to gain voters, and do bad economic moves to please the crows and have them vote on you..

I think we are in the last stages of both capitalism and democracy, and those coming at the same time is quite dramatic.
 
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