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Is a 5.6 % unemployment rate high? Low? Depends......
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Warren & Ron, may you rest in Peace. |
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03-02-2004, 09:51 AM
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I'm off the hook.....
Join Date: Oct 2001
Location: 22 miles south, then 11 miles west of LAS
Posts: 2,895
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I love it. What's good for the Dems is not good for the Republicans.
I sorta figured the real answer is whether you have a job at the moment. Unemployed.... 5.6% is BAAAAAD! Employed? 5.6% is sad, but OK. There are other factors too, I suspect. Jobs going overseas, people who have given up looking. Retraining for some other career.
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No, I don't sing. Based there for too long. |
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03-02-2004, 11:41 AM
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A Man of Wealth and Taste
Join Date: Dec 2002
Location: Out there somewhere beyond the doors of perception
Posts: 51,063
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Yeah Yeah I was e-mailed that last night by guess who? My mother of course!
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Copyright "Some Observer" |
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03-02-2004, 12:01 PM
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LOL...Tabs. Good ole Mom.
Sing, I agree that there are alot of hidden factors and influences in the background. But in the end I'd bet they'd pretty much even each other out.
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Warren & Ron, may you rest in Peace. |
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03-02-2004, 12:28 PM
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Join Date: Oct 2002
Location: SE PA
Posts: 3,188
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Yeah, listening to all the mainstream media, you'd think the mid-'90s never happened. I guess it doesn't get good ratings to say, "It's the same old business cycle--what goes around comes around. Wait a couple of years and the economy will be booming. Wait a couple more and you'll be worried about your job again."
Or am I the only one who remembers all the hand-wringing about the "jobless recovery" in 1995-96? |
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03-02-2004, 01:50 PM
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I'm off the hook.....
Join Date: Oct 2001
Location: 22 miles south, then 11 miles west of LAS
Posts: 2,895
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No, you're not the only one that remembers those times.
Watching management idiots screw up my job made me start my own business. The rest was edited so that I am not sued by someone that is now part of the 5.6% after doing something stupid while in my employ.
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No, I don't sing. Based there for too long. Last edited by singpilot; 03-02-2004 at 03:07 PM.. |
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03-02-2004, 02:14 PM
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I have to say that during the so called .com boom any experienced business person realized that it was a bubble that would burst sooner or later.
I had my fill of young upstarts thinking that the world revolved around them. Money was "fake"... very large investments made on on half-baked ideas and business plans written on a cocktail napkin. The rush to greed made for an artificial business environment and economy. I believe the foundation on which business is sitting on now is much more sound than it was in the late 90s. The end of the week will be interesting. Jobless claims and interest rate direction (?) will be disclosed.
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Warren & Ron, may you rest in Peace. |
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03-03-2004, 06:07 AM
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Join Date: Jul 2003
Posts: 4,247
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does this number include "illegal aliens" ?
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03-03-2004, 06:10 AM
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I would not think so.
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Warren & Ron, may you rest in Peace. |
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03-03-2004, 06:37 AM
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Join Date: Sep 2001
Location: Tucson AZ USA
Posts: 8,228
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Recession: When your neighbor loses his or her job
Depression: When you lose your job
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Bob S. former owner of a 1984 silver 944 |
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03-03-2004, 09:48 AM
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1985 Porsche 911 3.2 (Still in the stable)
1993 BMW 740 IL (Sold)
1985 Mercedes 380 SL (Sold)
1992 Harley Davidson Fatboy (Sold)
1971 Mercedes 280 SL (Currently being restored)
