Amerigo Vespucci (1000+ posts) Fri Apr-04-08 08:45 AM
Original message
Raw Story: "BREAKING: UNEMPLOYMENT RISES TO 5.1%: DEVELOPING..."
No story yet.
"All caps" courtesy of Raw Story...I copied and pasted:
http://www.rawstory.com/
Delphinus (1000+ posts) Fri Apr-04-08 08:46 AM
Response to Original message
1. It's not just the unemployed,
it's the UNDERemployed and all the unemployed who've given up looking.
chat_noir (1000+ posts) Fri Apr-04-08 08:48 AM
Response to Original message
2. Employers Chopped 80,000 Jobs Last Month; Unemployment Rate Rose to 5.1 Percent
WASHINGTON (AP) -- Employers worried about recession slashed 80,000 jobs in March, the most in five years and the third straight month of losses.
At the same time, the national unemployment rate rose from 4.8 percent to 5.1 percent, the clearest signal yet that the economy might already be contracting. The new snapshot of the job market, released by the Labor Department Friday, underscored the damage that a trio of crises --in the housing, credit and financial sectors -- has inflicted on companies, jobseekers and the economy as a whole.
The unemployment rate was the highest since September 2005, when significant job losses followed the devastating blows of Gulf Coast hurricanes.
Job losses were widespread in March. Construction, manufacturing, retailing, financial services and various business services all racked up losses. That overwhelmed gains elsewhere, including in education and health care, leisure and hospitality as well as in government.
http://biz.yahoo.com/ap/080404/economy.html
Laura PackYourBags (1000+ posts) Fri Apr-04-08 08:50 AM
Response to Original message
3. Wow, and they expect it to only rise slightly. Sad news for so many !
madrchsod (1000+ posts) Fri Apr-04-08 08:56 AM
Response to Original message
4. 5.1%....who are they kidding
it`s a lot higher than that. remember the bushbots changed the formula years ago...
The problem is that they want to start AT THE TOP. They don't see the need to work their way up to the top. :whatever:
The problem is that they want to start AT THE TOP. They don't see the need to work their way up to the top. :whatever:
But . . . but . . . they're smarter than all us Bushbots! /DU
That's what they think . . .
Yeah . . . riiiiiiight. :mental:
My google skills are not proving good.
Can anyone post in the treasury here--where we keep all the political ammunition for later use--the unemployment statistics for February 1993 through this current one?
The problem is that they want to start AT THE TOP. They don't see the need to work their way up to the top. :whatever:
But . . . but . . . they're smarter than all us Bushbots! /DU
That's what they think . . .
Yeah . . . riiiiiiight. :mental:
That's right, I forgot. My bad! :thatsright:
Whatever. My cat horks up more intelligent things than the DUmpsters.
5.1%? We got a ways to go to match France and Germany. The soup lines must be really long there!
http://en.wikipedia.org/wiki/List_of_countries_by_unemployment_rate
It's not just the unemployed, it's the UNDERemployed and all the unemployed who've given up looking.
5.1%? We got a ways to go to match France and Germany. The soup lines must be really long there!
http://en.wikipedia.org/wiki/List_of_countries_by_unemployment_rate
Really!
France is at 8%
The EU, as a whole, is at 8.5%
Germany is at 9%
I was never big on economics, taking only a simple survey course on it in college. But I distinctly remember my prof say that around 5% is the ideal, with a higher rate bad for obvious reasons and a lower rate fueling inflation or something like that.
Thanks for explaining^^^
I knew that's how it worked but you guys did a great job of explaining it.
Bet that is over the DUmmies' heads.
While recent negative effects of the sub-prime mortgage market suggest that US economic growth should be moderate in 2008, analysts believe this will not affect the "economic expansion of the U.S. economy in the medium-term."
Overall, US trade has increased in recent years and has contributed significantly to its economic growth. Due to its open trade policy, the US economy enjoys healthy foreign investment activity: "The Unites States is also the largest host to foreign investment in the world."
It is also a major investor in the global economy. In 2006, for example, US outflows of foreign direct investment to Europe and Asia Pacific were twice as high as they were just six years earlier.
Out of the total of nine bilateral and regional trade agreements in action in 2007, most of the agreements entered into force in the mid-2000s. Explains the report, "The positive complementary effects of FTA on the exports of United States is clearly indicated in the increasing trend of exports to FTA completed countries."
The United States has made steady progress in trade liberalization to achieve the Bogor Goals. "In fact, the United States maintains very low tariff and non-tariff barriers," say analysts. "The US regime in trade in services is one of the most open regimes in the world."
My google skills are not proving good.
Can anyone post in the treasury here--where we keep all the political ammunition for later use--the unemployment statistics for February 1993 through this current one?
http://www.bls.gov/webapps/legacy/cpsatab7.htm (Seasonally-adjusted unemployement rate for all full-time workers)
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual
1993 7.1 7.1 7.0 7.0 7.1 7.0 6.9 6.8 6.6 6.7 6.5 6.5
1994 6.7 6.7 6.6 6.4 6.1 6.1 6.1 6.0 5.9 5.8 5.6 5.3
1995 5.4 5.3 5.3 5.7 5.6 5.5 5.5 5.6 5.5 5.4 5.5 5.5
1996 5.6 5.4 5.4 5.5 5.5 5.2 5.3 5.0 5.1 5.1 5.3 5.2
1997 5.2 5.1 5.1 4.9 4.8 4.9 4.8 4.7 4.7 4.6 4.4 4.6
1998 4.4 4.5 4.5 4.2 4.3 4.4 4.4 4.3 4.4 4.3 4.2 4.2
1999 4.1 4.3 4.0 4.2 4.0 4.1 4.2 4.1 4.0 4.0 3.9 3.9
2000 3.9 3.9 3.8 3.7 3.9 3.8 3.8 4.0 3.8 3.8 3.8 3.8
2001 4.1 4.1 4.1 4.2 4.3 4.4 4.5 4.8 5.0 5.3 5.5 5.8
2002 5.8 5.9 5.8 6.1 5.9 5.9 5.9 5.8 5.7 5.8 6.0 6.1
2003 6.0 6.0 6.0 6.2 6.2 6.4 6.3 6.2 6.1 6.1 6.0 5.8
2004 5.7 5.6 5.8 5.6 5.7 5.6 5.6 5.4 5.5 5.5 5.4 5.4
2005 5.2 5.3 5.1 5.1 5.0 5.0 4.9 4.9 5.0 4.9 4.9 4.7
2006 4.7 4.7 4.6 4.7 4.5 4.5 4.6 4.6 4.4 4.3 4.4 4.4
2007 4.5 4.4 4.4 4.4 4.4 4.5 4.6 4.6 4.7 4.7 4.6 4.9
2008 4.8 4.8 5.0
The United States will always be the economy that the world looks to as the strongest to invest in. Why? capitalism.
The economy is on a downturn and will adjust soon. Spoiled Americans who exist on instant news never see the forest through the trees.