Biden is a complete dope.

[spence]

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

[scottw]

Originally Posted by spence

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

yeah, just keep reading your teleprompter...like Obama ...no clue what you are actually saying....hence...corpse-man

[buckman]

Originally Posted by spence

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

The real unemployment rate is closer to 17%.
They have yet to spend half of the stimulas $$$$. That they are holding onto for election purposes.

[buckman]

Alot of folks are hoping your right Spence. me included. I have a feeling Obama has set us up for a much worse future then what you are predicting. I have not seen anything from this administration but mistakes, miscalculations and lies.

[buckman]

I was wrong Spence.

Great-paying-government-jobs.html: Personal Finance News from Yahoo! Finance

[PRBuzz]

http://www.msnbc.msn.com/id/35259851...n_the_economy/

But most of the 8.4 million workers sidelined by the recession will likely need to wait more than six months to get back to work. The economy needs to create 100,000 to 125,000 jobs a month just to keep up with the growth of the population.

“I don't think we're close yet to even a stable rate at this point,” said Mark Zandi, chief economist at Moody’s Economy.com. “We have yet to see any hiring. Until we get real, positive, substantive job growth, it's hard to conclude this is a self-sustaining economy."

Even if job growth returns to the pace of the boom years in the middle of the last decade, it would take years to create the millions of new jobs needed to bring employment back to pre-recession levels.