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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 (30778)	11/5/2006 7:32:09 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 57684

well I can't think of a single person who filed for UI benefits when all of silicon valley was laid off 4 years ago. But anyway, how much are the benefits again? Say you have 400K in the bank and a salary of 120K and you lose your job to offshoring. Its horrible to lose your job, your medical benefits and what have you, is UI insurance still $600 a month? (serious question). I think filing for UI insurance is about like filing a claim for a class action lawsuit on a stock. A lot of people don't do it, and to base your views on the economy on this is pretty naive. We have a valid indicator: # of new jobs created. Thats what we need to look at. I remember a few years ago when the offshoring started there was outrage when every new jobs report came out so low, and most pundits said jobs would be forthcoming. WEll they weren't, and aren't and that is why "the economy" isn't measuring up to the voters. JMO.