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

To: Oblivious who wrote (71882)	2/10/2007 8:41:40 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 306849

if by the average unemployment rate you mean the number of people that file for unemployment claims, those benefits that pay, what, $170/week- I don't follow that. For the simple reason that it is meaningless. The job losses in this decade are white collar workers. A $170/wk unemployment benefit is not their top priority. And worse, these stupid things last a total of 6 MOS, barely enough time to get a resume together and do networking for a high earning professional. The unemployment rate is at an all time low... AHAHHAHA. Well the only people that bother with those are mcjobs holders... and I might even agree that the McJobs climate is ROBUST. So what? What is amazing to me is that when I went to Europe on business last year, the European business channels had this all figured and and were laughing and John Snows ridiculous claim that joblessness was almost nonexistant in the US, even though that same month the US only created 44K jobs. AHAHAH. The other thing the euro business channels were laughing at was the US GDP figures which at that time were 4%. We had a 4% GDP in the 90s remember? Who thinks our economy is AS STRONG NOW as it was then? Bueller, anybody? Its obvious that the FED is having difficulty measuring the impact of offshoring on US productivity and growth. WAY OFF.