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| News & Current Events Discuss Unemployment Sounds Warning About Economy at the General Forum; http://www.nytimes.com/2008/01/05/bu...html?th&emc=th The unemployment rate surged to 5 percent in December as the economy added a meager 18,000 jobs, the smallest ... |
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01-05-2008, 05:33 AM
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Unemployment Sounds Warning About Economy
http://www.nytimes.com/2008/01/05/bu...html?th&emc=th
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Will the next prez inherit recession?
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Frugal tip: To keep potatoes from budding, place an apple in the bag with the potatoes.  How to Fold a Shirt  Salty's Blog
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01-05-2008, 06:55 AM
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Re: Unemployment Sounds Warning About Economy
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Do you remember when the country crashed into a recession in 1996 and 2004?... You don't?...Good...Cause there wasn't one...  Quote:
Besides noticing the difference on how it was reported, the fact is the current rate is lower than BOTH of them... The sky did not fall then...No need to cry wolf about it now...
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"You get the respect that you give" - cnredd
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01-05-2008, 09:52 AM
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Re: Unemployment Sounds Warning About Economy
I own a small business, and experienced a 20% increase in sales over last year. A couple interesting trends to note are that the entire increase was in the first half of the year, as the second half was down ever so slightly after July. Also, the entire increase for the whole year is represented by credit card sales, as cash sales were almost exactly the same as last year.
AS to how to interpet this trend, which is admittedly anecdotal, I would think we might be in a bit of a down turn.
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01-05-2008, 03:13 PM
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Re: Unemployment Sounds Warning About Economy
So much depends on "what" business your in,the housing downturn has been great for the the rental business and mobile homes seem to be selling at a higher rate.Still..there seems to be less expendable income out there and that is not good.
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"Destiny must be shaped and not left to mere chance."..Spencer Collins .. 
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01-05-2008, 05:54 PM
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Re: Unemployment Sounds Warning About Economy
I wonder if it isn't due to some people always filing at this time of year combined with new filers. Or something like that. Can't put my finger on it, but pure statistics don't always predict the future.
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Frugal tip: To keep potatoes from budding, place an apple in the bag with the potatoes. How to Fold a Shirt Salty's Blog
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01-05-2008, 09:20 PM
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Re: Unemployment Sounds Warning About Economy
They've been predicting it for 8 years now. Eventually they will get it right because it couldn't possibly climb forever like they said it would do under Bill. If there is a recession for the next prez it would only be as if a house renter removed whatever improvements they put into the house because GW did start out with a recession. Most of all though you must realize "how" they are making the comparisons unemployment went UP to 5 whole percentage points. That's a darn good rate. The comparison is similar to what the "warmoes" do when they say that "it is as higher/lower/bad/worse than it has been in 50 years".....They are saying that "this has happened before" and is nothing new.
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"Most people can't think, most of the remainder won't think, the small fraction who do think mostly can't do it very well. The extremely tiny fraction who think regularly, accurately, creatively and without self delusion---In the long run these are the only people that count."Robert Heinlein   
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