September unemployment-

[spence]

Originally Posted by GattaFish

The numbers are flawed,,, most that have been filing have run out of benefits,,, It is getting worse no matter what they say,,,,

There really are two issues here, jobs and the overall economy.

Aside from a good number of banking issues that still haven't been fixed, the economy seems to be improving and many economists believe that the Stimulus package did help avert an even deeper recession.

The job issue is going to take years to fix. God forbid but people are actually saving money now instead of spending it on crap they don't need.

Hopefully we can see some real growth and not double dip.

-spence

[striperman36]

quite a few acquaintances are at the end of their unemployment benefits. I also have had several fall off of Cobra.
Most jobs available are hourly and companies are stickin to under 30 hours a week so they won't have to pay benefits, if and when you can find employment outside of your field.

[spence]

Originally Posted by striperman36

quite a few acquaintances are at the end of their unemployment benefits. I also have had several fall off of Cobra.

The Cobra thing has got to hurt. Imagine not getting a paycheck and forking out 700+ per month to keep your insurance.

I knew a woman once who got notice when pregnant!

-spence

[striperman36]

1250 for family in MA

[spence]

Originally Posted by striperman36

1250 for family in MA

Yes, this was some time ago...That's a mortgage payment for some people.

-spence

[Fly Rod]

Sorry, I can not believe the economy is getting better, not with unemployment growing.

As economy gets better companies would be hiring unemployment would go down.

I do not see this happening.

[spence]

Originally Posted by Fly Rod

As economy gets better companies would be hiring unemployment would go down.

There's a big lag.

Companies are able to sell from existing inventory (or product ideas) and have streamlined their processes to do more with less. Others have simple gone away.

Jobs require real growth, and the confidence that the growth is going to be sustained. Right now most companies are just starting to climb out of the fox hole.

-spence

[JohnnyD]

Originally Posted by Fly Rod

Sorry, I can not believe the economy is getting better, not with unemployment growing.

As economy gets better companies would be hiring unemployment would go down.

I do not see this happening.

My thoughts on jobs and business spending.

Companies are buckling down. Sales may have moderately increased and expenses have been reduced as much as possible. Companies are possibly getting back into the black and as such, are preventing any increase of expenses to appease shareholders.

It's October and all big companies have already positioned themselves for their end-of-year reports. Retailers are seeing more traffic, but consumer spending is still low.

I predict that job growth will continue to slightly decrease and maybe flat-line in December as companies try to squeeze out every possible expense leading up to the end of the year to show them in the healthiest possible situation leading into 2010.

I'd guess starting in Jan-Feb job growth will start to increase.