Hello Maurice, <<with only 7% unemployment, one would be 'of course', two unfortunate, three unusual, four surprising ... five statistically abnormal - heading out into the multiple standard deviation countryside, six silly, seven untrue, eight "Hey, what's going on here", nine - so, ... what's wrong with the tenth?>>
online.wsj.com
"Sherry Cooper of the Bank of Montreal Financial Group, in an interesting commentary on the deceptiveness of the relatively low unemployment rate -- the so-called headline numbers, pointed out that it masked the true nature of the job market. "Discouraged workers have stopped seeking employment," she notes, "as the labor-force-participation rate has plummeted and the average duration of unemployment in the U.S. has risen."
This is, moreover, she avers, "a very different kind of joblessness than ever before -- it is primarily white collar and highly educated. They are people who have never been unemployed before. They are managers, business consultants, auditors, engineers, technology workers and investment bankers." (And, much as we hate to admit it, even investment bankers have to eat.)"
Maurice, for the umpteenth time, we must try to seek truth from facts.
FYI, the tenth one is lucky, and is the least certifiably educated of the ten, holds a still-must-do kind of job, managing a bunch of systems engineers at Pacific Bell, for now, until the systems engineers are made redundant.
Your CDMA whatever may come in handy in zipping resumes back and forth across cyber space, if the operators can still fund the rollout, and SUV-ed consumers can afford the gadgets and believe jobs can be found via the gadgets.
I do not know what you see from down-under, but the bad news is confoundedly accelerating in throughput and increasing in bulk. The worst is still to follow, for we know this, because the benighted Maestro has been lying all along on just about everything, or he was simply senile. Pick your choice.
Chugs, Jay |
