Quote:
Originally Posted by PRBuzz
There is a lot less drain on the unemployment bene's: people have been out-of-work so long the allowed UI paycheck has expired and these people are no longer counted........
|
That's a different issue.
The problem is that not all industries expand and/or contract at the same rate. In one sector there could very well be real job creation while others are still cutting.
Looking at a static picture of the net is deceptive because it's really a picture of the past. Hence a need to look at the trends to see where things might be going.
Certainly there are many experts who see continued cuts, but there's also hiring and job retention going on...otherwise we would be at 14% or 15% instead of just under 10%.
The real issue is, can the private sector sustain this on its own after Stimulus money runs dry? If you're of the opinion that the Stimulus has done nothing to create jobs, then I'd think the picture would look even better!
-spence
Threaded Mode