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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Elroy Jetson who wrote (17712)	2/23/2004 6:51:46 PM
From: Tradelite	Read Replies (1) \| Respond to of 306849

On a serious note, my older son tells me the job market is a lot better right now in Atlanta than it was right after 9/11, when he had the bad timing to start searching for his first real job out of college. He's planning to begin looking for another one, soon, although I've advised him to make sure he doesn't trade the reasonably secure job he has for one which might not be secure. He's already got what I'd consider a good job working for a great company in the insurance services industry and I'd hate to see him jump ship and put himself in jeopardy, especially now that he's just financed a new car. All workers probably have to think twice before doing that these days. I also hear from my airline-pilot nephew, who was pretty worried about his job there for a while, that the planes are full and he's working harder than ever, although he had to accept a salary cut. (Still making a wad of money, though, even after the cut, so let's not feel too sorry for the guy.) Usually, he pilots international flights out of LA, but lately has also been bringing troops to and from from Iraq. His airline, one of the biggies, is under contract with the Defense Department for this purpose. At any rate, he says business is improving in the airline industry in general, but I'm not sure that word has filtered down to the public yet. <g>

To: Elroy Jetson who wrote (17712)	2/23/2004 6:55:37 PM
From: Lizzie Tudor	Respond to of 306849

As a result these factors the BLS reports the fact that long term unemployment has risen by 300% over the last three years for those with a college education or better. Since this is the first time the US has faced higher level unemployment in the white collar segment, it is the first time we can see the statistical anomalies of the "new unemployment claims" metric. Our new UI claims figure really only represents low wage industries. Higher income people who are unemployed are far less likely to run out and take the only job available at McDonalds or Walmart. Instead they will do what my ex-employees did, they just let their UI run out and try to make a go of day trading or freelance photography, etc. The "new UI claims" number should be marginalized by economists now, it doesn't really indicate anything.