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Author Topic: Unemployment Rate at lowest since March 2009......  (Read 2176 times)

blyempowered

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Unemployment Rate at lowest since March 2009......
« on: December 02, 2011, 07:49:09 AM »
Unemployment rate has dropped to 8.6% as U.S. economy gained 120,000 jobs in November. Story is on CNN and I think ABC.
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Offline LaylaMonroe

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Re: Unemployment Rate at lowest since March 2009......
« Reply #1 on: December 02, 2011, 07:51:32 AM »
I'm no longer moved by those reports. They skew the numbers to make them say what they want it to say and tell the story they want to be told. Bottom line is that too many folks are out of work (I do thank God for employment) and jobs are still far more difficult to come by than they were pre-recession.
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blyempowered

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Re: Unemployment Rate at lowest since March 2009......
« Reply #2 on: December 02, 2011, 07:52:55 AM »
Quote from: LaylaMonroe on December 02, 2011, 07:51:32 AM
I'm no longer moved by those reports. They skew the numbers to make them say what they want it to say and tell the story they want to be told. Bottom line is that too many folks are out of work (I do thank God for employment) and jobs are still far more difficult to come by than they were pre-recession.

Right...
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Offline Fenix

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Re: Unemployment Rate at lowest since March 2009......
« Reply #3 on: December 02, 2011, 07:56:07 AM »
We will have to wait and see what the rate will be after Macy's, Target, Wal-Mart, e.t.c start laying off the part-time workers they got for the Christmas rush.
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Offline sjonathan02

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Re: Unemployment Rate at lowest since March 2009......
« Reply #4 on: December 02, 2011, 08:02:27 AM »
Quote from: Fenix on December 02, 2011, 07:56:07 AM
We will have to wait and see what the rate will be after Macy's, Target, Wal-Mart, e.t.c start laying off the part-time workers they got for the Christmas rush.

Interesting point.
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Offline sjonathan02

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Re: Unemployment Rate at lowest since March 2009......
« Reply #5 on: December 02, 2011, 08:03:00 AM »
Quote from: LaylaMonroe on December 02, 2011, 07:51:32 AM
I'm no longer moved by those many reports. They skew the numbers to make them say what they want it to say and tell the story they want to be told.


Agreed.
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Offline Docdb04

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Re: Unemployment Rate at lowest since March 2009......
« Reply #6 on: December 02, 2011, 08:11:13 AM »
Quote from: Fenix on December 02, 2011, 07:56:07 AM
We will have to wait and see what the rate will be after Macy's, Target, Wal-Mart, e.t.c start laying off the part-time workers they got for the Christmas rush.

Good Point. 

I would like to think something is happening on the positive side.  Since Black Friday grossed 52 billion dollars.  I think that was the most in history or perhaps a long time.  That either means, more people are working or just decided to live for today because it is what it is.   
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Offline musallio

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Re: Unemployment Rate at lowest since March 2009......
« Reply #7 on: December 02, 2011, 08:14:36 AM »
Those who studied economics would know that there is ambiguity around the definition of employment.

I'm glad at the way you've all responded. Fenix raised an especially good point.

I was so angry at how everyone here was going on about how the World Cup would provide employment for them. My heart was just broken because it's just hype for a few months and no one ever talks about the after-effects >:(
 Only true winners are entrepreneurs who use the season as a catalyst to move their business to the next level. What percentage do entrepreneurs account for in any economy? :-\

I'm not trying to plant a seed of despondence, but we need to know facts from skewed stats. But at least the gov is trying to bring smiles to people's faces :)

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Offline Docdb04

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Re: Unemployment Rate at lowest since March 2009......
« Reply #8 on: December 02, 2011, 08:24:25 AM »
Quote from: musallio on December 02, 2011, 08:14:36 AM
Those who studied economics would know that there is ambiguity around the definition of employment.

I'm glad at the way you've all responded. Fenix raised an especially good point.

I was so angry at how everyone here was going on about how the World Cup would provide employment for them. My heart was just broken because it's just hype for a few months and no one ever talks about the after-effects >:(
 Only true winners are entrepreneurs who use the season as a catalyst to move their business to the next level. What percentage do entrepreneurs account for in any economy? :-\

I'm not trying to plant a seed of despondence, but we need to know facts from skewed stats. But at least the gov is trying to bring smiles to people's faces :)

Especially when you find out how outsourcing is factored in.
 
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Offline LaylaMonroe

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Re: Unemployment Rate at lowest since March 2009......
« Reply #9 on: December 02, 2011, 08:29:34 AM »
Now I DID read that this year's Black Friday had the highest sales in history.
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Offline Fenix

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Re: Unemployment Rate at lowest since March 2009......
« Reply #10 on: December 02, 2011, 08:49:51 AM »
Quote from: Docdb04 on December 02, 2011, 08:11:13 AM
Good Point. 

I would like to think something is happening on the positive side.  Since Black Friday grossed 52 billion dollars.  I think that was the most in history or perhaps a long time.  That either means, more people are working or just decided to live for today because it is what it is.

I have a feeling this is the answer. I don't think the sales were THAT good (granted I am going off of what I got anecdotally from my family members in the US, as well as friends).

I am still curious to see if folks used BF as a way to shop for Christmas on the cheap. It is possible that this Christmas season may see muted retail sales figures.

We ill wait and see.
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Offline Docdb04

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Re: Unemployment Rate at lowest since March 2009......
« Reply #11 on: December 02, 2011, 09:22:18 AM »
Quote from: Fenix on December 02, 2011, 08:49:51 AM
I have a feeling this is the answer. I don't think the sales were THAT good (granted I am going off of what I got anecdotally from my family members in the US, as well as friends).

I am still curious to see if folks used BF as a way to shop for Christmas on the cheap. It is possible that this Christmas season may see muted retail sales figures.

We ill wait and see.

That is the concern now.  Will people spend less later because BF grossed so much? 52 billion is a lot of shopping and we are just talking about BF.  If you account the whole weekend (BF through Cyber Monday)  you will probably see that figure close to doubling.

OAN:  I heard Apple accounted for 10% (5 billion) of the BF sales and they didn't even have major deals.     
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Offline musallio

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Re: Unemployment Rate at lowest since March 2009......
« Reply #12 on: December 02, 2011, 09:47:42 AM »
I like this dialogue..**keep going guys***

But seriously, official stats should reflect [or be very close to] reality.
I don't feel it's fair to define 1 month's work or outsourced labor[in the context that Doc raised it]  as employment- rather, they should have a separate stat for that. Then I would be comfortable enough to accept those figures as official.
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Offline Fenix

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Re: Unemployment Rate at lowest since March 2009......
« Reply #13 on: December 02, 2011, 09:48:47 AM »
http://www.shoppertrak.com/news-resources/press-releases/2011-11/black-friday-201

Interesting article. BF this year topped $11.4 billion in sales. That is A LOT of money.

Quote from: Docdb04 on December 02, 2011, 09:22:18 AM

OAN:  I heard Apple accounted for 10% (5 billion) of the BF sales and they didn't even have major deals.     


 :o If i had money, I would buy Apple shares now. Their earnings forecast must be totally ahead of expectations by now.
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Offline LaylaMonroe

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Re: Unemployment Rate at lowest since March 2009......
« Reply #14 on: December 02, 2011, 09:57:52 AM »
I have Apple shares. :)

#smartmoneychicks
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Offline Mysteryman

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Re: Unemployment Rate at lowest since March 2009......
« Reply #15 on: December 02, 2011, 10:29:55 AM »
Part of the issue is also this is the information age. Many jobs are not filled because there aren't enough qualified people. Manufacturing jobs which hire hundreds of people are being done by computers. Qualified IT people are just moving positions or shifted between companies and outsourced as stated. There are a lot of jobs being taken by foreigners. I think some of it is just bad planning catching up and some of it is intentional.
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Offline under13

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Re: Unemployment Rate at lowest since March 2009......
« Reply #16 on: December 02, 2011, 10:35:48 AM »
Quote from: LaylaMonroe on December 02, 2011, 09:57:52 AM
I have Apple shares. :)

#smartmoneychicks


what price did you buy them at...if you don't mind me asking...
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Offline Fenix

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Re: Unemployment Rate at lowest since March 2009......
« Reply #17 on: December 02, 2011, 10:36:54 AM »
Quote from: LaylaMonroe on December 02, 2011, 09:57:52 AM
I have Apple shares. :)

#smartmoneychicks

**Instant irrational dislike**

 >:(
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Offline LaylaMonroe

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Re: Unemployment Rate at lowest since March 2009......
« Reply #18 on: December 02, 2011, 11:03:49 AM »
Quote from: under13 on December 02, 2011, 10:35:48 AM

what price did you buy them at...if you don't mind me asking...

Give me a minute to look. (It might take more than a minute because I don't really know how to look at that kinda stuff but I'm sure the buying price should be easy to find).

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Offline LaylaMonroe

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Re: Unemployment Rate at lowest since March 2009......
« Reply #19 on: December 02, 2011, 11:06:26 AM »
Actually, that wasn't hard at all.  Just needed to find the historic prices, which was easy.

I don't remember the exact purchase date, but I know it was just after my bday.... I just looked up what the share price was around that time. I paid about $197/share.
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