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Unemployment falls to 10%
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  1. #1
    vrrrrrrrrrrrooooooom Administrator bugzy's Avatar
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    Unemployment falls to 10%

    Unemployment Rate Falls to 10% - WSJ.com

    i guess its a good sign

    but i wonder how many people have become discouraged from looking for jobs
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  3. #2
    The Italian Job Moderator FunkTron's Avatar
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    Re: Unemployment falls to 10%

    Is it just me or does it seem like the wording is poor?

    It looks like the amount of people newly becoming unemployed has slowed.
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    Northwestern Ambassador Administrator madajb's Avatar
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    Re: Unemployment falls to 10%

    Quote Originally Posted by FunkTron View Post
    Is it just me or does it seem like the wording is poor?
    Less people lost their jobs this month than last month.

    So it's still crappy, but less crappy than it could have been.

    -ajb



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    The Italian Job Moderator FunkTron's Avatar
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    Re: Unemployment falls to 10%

    That's like saying:

    Yesterday I lost 500 hairs off of my head.

    Today I have lost only 400 hairs off of my head. Yay!!!
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  6. #5
    The Italian Job Moderator FunkTron's Avatar
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    Re: Unemployment falls to 10%

    Since when did losing less become a "recovery" ?
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    I'm not retarded....just tarded from the get go!
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    my hand has 4 fingers....and also a thumb. _____________no slippin in my pimpin

  7. #6
    vrrrrrrrrrrrooooooom Administrator bugzy's Avatar
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    Re: Unemployment falls to 10%

    Quote Originally Posted by FunkTron View Post
    That's like saying:

    Yesterday I lost 500 hairs off of my head.

    Today I have lost only 400 hairs off of my head. Yay!!!
    thats how they confuse the commoners
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  8. #7
    The Italian Job Moderator FunkTron's Avatar
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    Re: Unemployment falls to 10%

    Quote Originally Posted by bugzy View Post
    thats how they confuse the commoners
    I'll give it that it IS a swing in the positive direction, but by no means the touted effect of all this "job creation" that has been portrayed.
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    my hand has 4 fingers....and also a thumb. _____________no slippin in my pimpin

  9. #8
    Super Moderator Moderator creanium's Avatar
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    Re: Unemployment falls to 10%

    Well I dunno, a 90% drop in new unemployment claims is pretty significant. We'll see if that was mostly due to hiring for the holidays or companies able to hold on to employees, but it can be encouraging news if this is the start of a trend


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    vrrrrrrrrrrrooooooom Administrator bugzy's Avatar
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    Re: Unemployment falls to 10%

    we hired 3 new people in my immediate department

    went from 9 to 12 people within the last month
    but it is contract to hire positions ... we'll see how it goes next year
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    Re: Unemployment falls to 10%

    looking for a job sucks.

    i've been looking for a while and i'm tired of it.

    When life gives you lemons, you paint that shit gold



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    SoCalEuro Member Moderator URQ's Avatar
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    Re: Unemployment falls to 10%

    my bet is it is just people getting hired for the holiday rush but just you wait to see 1 month in to the new year you will see it drop even lower!

  13. #12
    The Italian Job Moderator FunkTron's Avatar
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    Re: Unemployment falls to 10%

    Quote Originally Posted by URQ View Post
    my bet is it is just people getting hired for the holiday rush but just you wait to see 1 month in to the new year you will see it drop even lower!
    I'd actually really like to see a followup of this.

    Let's keep this bumped after the new year.
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    I'm not retarded....just tarded from the get go!
    doo-dee-dooo....ho-dee-humm... _____________________no slackin in my mack'n
    my hand has 4 fingers....and also a thumb. _____________no slippin in my pimpin

  14. #13
    vrrrrrrrrrrrooooooom Administrator bugzy's Avatar
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    Re: Unemployment falls to 10%

    we can just keep posting updated news as it comes along

    thats what the new Finance forum is for
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  15. #14
    SoCalEuro Member GTiGirl's Avatar
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    Re: Unemployment falls to 10%

    we've hired 4 people in the last 4 months, just in my office, pretty cool! less work for me yay!
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  16. #15
    SoCalEuro Member Moderator URQ's Avatar
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    Re: Unemployment falls to 10%

    Quote Originally Posted by GTiGirl View Post
    we've hired 4 people in the last 4 months, just in my office, pretty cool! less work for me yay!
    You work?

  17. #16
    SoCalEuro Member GTiGirl's Avatar
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    Re: Unemployment falls to 10%

    Quote Originally Posted by URQ View Post
    You work?
    Heh... I make money.
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  18. #17
    Northwestern Ambassador Administrator madajb's Avatar
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    Re: Unemployment falls to 10%

    Quote Originally Posted by FunkTron View Post
    Since when did losing less become a "recovery" ?
    Economics is all about perception.
    If people believe the economy is doing better, it will.
    If people believe it is doing poorly, it will.

    The fundamentals of the American economy are not horrible, but the news reports are nothing but gloom.
    Reporting positive movement (even if it's just "less bad") is a good thing.

    -ajb



  19. #18
    SoCalEuro Member mike's Avatar
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    Re: Unemployment falls to 10%

    Quote Originally Posted by URQ View Post
    my bet is it is just people getting hired for the holiday rush but just you wait to see 1 month in to the new year you will see it drop even lower!

    Good point, I never thought about that. Seasonal help is bound to skew the numbers
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  20. #19
    SoCalEuro Member GTiGirl's Avatar
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    Re: Unemployment falls to 10%

    Quote Originally Posted by mike View Post
    Good point, I never thought about that. Seasonal help is bound to skew the numbers
    I did not read the article... did they use "season" adjusted data? You will see this often in employment data.
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  21. #20
    SoCalEuro Member GTiGirl's Avatar
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    Re: Unemployment falls to 10%

    Here's an alternative perspective Funkybutt was alluding to (I think):

    This is Progress?
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