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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: carranza2 who wrote (89762)5/4/2012 12:26:57 PM
From: carranza25 Recommendations  Read Replies (1) | Respond to of 219146
 
Bill Gross suggests that unemployment is now structural not cyclical.

Well, duh.

When workers who have been out of a job for more than a year are 29.5% of the total unemployed, something is either structurally wrong or the economy is doing far, far worse than anyone thinks.

bloomberg.com

Solution: cash for clunkers.



To: carranza2 who wrote (89762)5/4/2012 12:54:07 PM
From: bart13  Read Replies (2) | Respond to of 219146
 
Considering that the rate of participation in employment has dropped, how can unemployment drop, too?

Participation dropped more than employment is one answer.

U6 unemployment (SA) didn't budge. My U-7 reconstruction went from 21.4% to 21.6%.



To: carranza2 who wrote (89762)5/6/2012 3:39:37 AM
From: elmatador  Respond to of 219146
 
There are less pseudo jobs
Message 27758208 jobs

When the going was good, companies hired the wives and sibblings of the employers as well as friends. They created those positions just job-for-the-boys, say Marketing and Communications positions.

Now tough times these jobs are no longer available.


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