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Strategies & Market Trends : The New Economy and its Winners -- Ignore unavailable to you. Want to Upgrade?

To: Bill Harmond who wrote (30769)	11/5/2006 10:53:46 AM
From: Lizzie Tudor	Read Replies (2) \| Respond to of 57684

yeah, globalization of service jobs which were enabled with the internet. Actually millions of jobs have been created in this recovery by american companies- offshore. Another thing that has manifested itself this decade, which was starting in the 90s is the uselessness of evaluating "jobless claims" for the US job market. The 2 chief problems are the 6 month expiration of relevant claims and the value of these claims to the type of people losing their jobs this cycle to offshoring (white collar professionals). It takes longer for a white collar worker to get a job than 6 mos, so thats a waste and then the amt of the benefit is so low that nobody bothers to file, too much stigma attached. I think we need to look at the jobs created number to see where we are, jobs-wise. Paulson understands these issues imho.