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To: long-gone who wrote (66713)3/29/2001 2:01:02 PM
From: Horgad  Read Replies (2) | Respond to of 116814
 
Also, many white collar folks (and probably others but I don't know from experience) will not file for unemployment when laid-off. It is a humbling experience and many will opt to not file until they get desperate after a couple of months of not being able to find a new job. I was at a company that went under and of the people there roughly 10% bothered to file for unemployment.

So I would say that the number is not very accurate and is skewed towards certain types of jobs, but it still probably makes a decent indicator when compared against itself.



To: long-gone who wrote (66713)3/29/2001 2:36:43 PM
From: Ahda  Read Replies (1) | Respond to of 116814
 
In CA Richard there is an area called Lancaster during a prior property boom about ten years ago the price of a new home was 250,000 now the same house can be purchased for around 180,000. It is desert hot and miserable out there during the summer. People who live there are going to find a heavy increase in electrical bills as well the gas increases they have already experienced driving to and from LA where many work.
The severance is probably the key to employment figures not showing the corporate down sizing. About six months from now it will be interesting to see how the employment figures look as well as the housing sales.

Thank you for the information.