Recession ending? My husband has been out of work since April, a first in the 15 years we've been married. He had ONE response to submitting an application back in June, and they hired an inside guy. That guy quit, and now that SAME company is giving him a small bite--BUT the company itself is shutting down, so it would be a short-term contract. It's almost funny. His web business has kept us going, BUT the economy has affected his sales--oh, yeah--they've gone UP--because more people are at home, smoking chicken in their back yards instead of working. You have to understand--my husband has NEVER had a problem getting a job. He is a professional with a sterling work record, and we joke about the fact that if he can just get an interview, he'll have the job.
Unemployment is UP, not down. When we go to the grocery store, prices are UP. The only thing I can think of that has gone down in price recently is gas. Oklahoma's unemployment rate hasn't been this high since 1988.
How on earth is the recession "ending sooner" rather than later?????
Currently 9.8% according to the Bureau of Labor Statistics.
I would love to see the information you have that the recession is ending--it might give us a little hope in this household that things will be looking up again very soon. So any data you have--please post it.
And the reason why gas prices are down? Nobody's buying it like they used to because they aren't working! In fact, they've even stopped production in several areas!
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I've gone and done it now! I'm on Facebook!!!
And the reason why gas prices are down? Nobody's buying it like they used to because they aren't working! In fact, they've even stopped production in several areas!
Actually the 2008 run up of crude was the market manipulation and investing by hedgefunds. China and the Saudis and soros among others rode the run up. There were over 3,000 crude tankers offshore in this world delaying unloading. That did 2 things. It gave an appearance of low crude oil inventories and it gave them a higher price next week. When the price started falling rapidly, the unloading was hurried and the inventories grew and prices fell faster.
This year the dollar is falling and China ran up crude first part of the year by turing dollars into crude. We had less people in crude speculation this year.
The bankruptcy of 3 billion dollar Semcrude was due to margin calls on crude trading last year.
In 1983 the unemployment rate peaked at 10.8%. Within 2 years it was down to 7.3% and within 4 years 6.6%. President Reagan slashed taxes on income and capital, controlled spending, promoted the virtues of capitalism and limited the regulatory efforts of the bureaucracy. This triggered a 25 year period (1983-2008) of the greatest economic growth in the country's history.
In 1983 the unemployment rate peaked at 10.8%. Within 2 years it was down to 7.3% and within 4 years 6.6%. President Reagan slashed taxes on income and capital, controlled spending, promoted the virtues of capitalism and limited the regulatory efforts of the bureaucracy. This triggered a 25 year period (1983-2008) of the greatest economic growth in the country's history.
Also, using the same method to determine the unemployed back then is not the same method that is used today. If we did, it would be around 16-17% today. It's not apples to apples.
Also, using the same method to determine the unemployed back then is not the same method that is used today. If we did, it would be around 16-17% today. It's not apples to apples.
Can you clarify that?
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U3 is the "official unemployment rate" according to the BLS website. Due to this, it is the current measure of Unemployment that gets focused upon by most media, and therefore the public. It has, over the years, slowly excluded many of the factors that USED to go into how the US reported unemployment. Hence, there has been a gradual decrease in the Unemployment rate that has occurred regardless of what was happening in the Jobs market.
U3 is now comprised in a way that merely repeating it without a slew of caveats borders on fraud.
U6, on the other hand, is the broadest measure of Unemployment: It includes those people counted by U3, plus marginally attached workers (not looking, but want and are available for a job and have looked for work sometime in the recent past), as well as Persons employed part time for economic reasons (they want and are available for full-time work but have had to settle for a part-time schedule).
You can read the entire article, but this part shows the change.
In 1983 the unemployment rate peaked at 10.8%. Within 2 years it was down to 7.3% and within 4 years 6.6%. President Reagan slashed taxes on income and capital, controlled spending, promoted the virtues of capitalism and limited the regulatory efforts of the bureaucracy. This triggered a 25 year period (1983-2008) of the greatest economic growth in the country's history.
coadie and everyone else. In the future if you are citing a source you need to put the source. If a website provide the link. If some other source give the details like you would be required to did if turning in a research paper.
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coadie and everyone else. In the future if you are citing a source you need to put the source. If a website provide the link. If some other source give the details like you would be required to did if turning in a research paper.
for your viewing pleasure....
the 10.8 figure happened in Dec. 1982 as opposed to 1983... but obviously the actual 10.8 figure would have been reported in calander year 1983...
The U.S. Department of Commerce said Wednesday that retail sales fell 1.5 percent in September, compared to a 2.2 percent gain in August.
The demise of the Cash for Clunkers program, which had spiked auto sales in August, was one reason for the decline, according to a new release Still, the result was better than the 2.1 percent drop economists had forecast.
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