90% percent of people still employed

[godoftrading]

very good news for the economy written by an expert on seeking alpha. for you optimistic folks out there, you'll love this article

http://seekingalpha.com/article/117935-the-flip-side-of-bad-news-still-a-90-employment-rate?source=article_lb_articles

[smartinvestor30]

Those 90% are going to lose jobs because the 10% aren't spending. Which will cause companies to miss earnings, which results in more layoffs, which results in less revenue, which results in more layoffs, which results in in less spending...


just be aware that when this unemployment level reaches critical mass there will be a massive downward spiral, flush your toilet to get an idea of what I'm talking about.

[WiqqyNYU]

I have been doing research as to which departments and people are actually losing jobs. Very hard to find. I am kind of skeptical of these news breaks. I believe the media is to be blamed for the less consumer spending, all they do is scare the masses.

[clavocat]

I have been doing research as to which departments and people are actually losing jobs. Very hard to find. I am kind of skeptical of these news breaks. I believe the media is to be blamed for the less consumer spending, all they do is scare the masses.

Amen, what worries me is that I don't really see a way out of this. Maybe this time we won't get a bounce...as a soon-to-be college grad, I have piece of mind as I will have a real good job at 21, but who knows if I will keep it. I am seeing a decent amount of recruiting still, which is interesting.

[Survivor]

I have been doing research as to which departments and people are actually losing jobs. Very hard to find. I am kind of skeptical of these news breaks. I believe the media is to be blamed for the less consumer spending, all they do is scare the masses.

The man in the plastic bubble. Unemployment is sky high, you may want to
come to Michigan and take a look around. The loss of jobs is a reality.
The media is always full of sh*t.
People are watching their money in fear of Wall Street driving up prices
due to the crooked lies, bail outs, market manipulation, imaginary fuel and food shortages.
Last summer that jerk off Bush let Wall Street destroy the economy.
Oil at 147 a barrel? he could have crushed that if he opened the strategic oil reserve. That oil greedy lying piece of sh*t.

When the consumers stop spending its because of loss of a job or the truth that they are out of work already.
All of our manufacturing went overseas due to Greed and profits.
Everything you buy is made in China.
The automakers here are buying people out.
Why they don't have military contracts to build weapons is a mystery.

If I'm ever in never, never land, I'll look you up.

[BuyOnDips]

A lot of the people still employed have built up so much debt over the years that they really can't spend anymore. They are tapped out. Reality sucks when the bills come due. The average monthly unemployment rate under Clinton and Bush's 8 years was 5.2%. If we're lucky, the average unemployment rate under Obama will probably be double that. The current "stimulus" bill in Congress is a mega pork filled disaster with little or no stimulus.

http://www.calculatedriskblog.com/2009/02/unemployment-forecast.html

[freakscene]

http://www.google.com/hostednews/ap/article/ALeqM5i5Jty42nDA6OZ0M9BTZO16CY7VLQD963BBVO0

The economic downturn has forced private industry and state and local government to shed jobs, but one major employer in the country is hiring: The federal government.

While the nation's 11 million unemployed and the millions more who fear losing their jobs may feel Washington should streamline too, economists say a strong federal work force is key to economic recovery. Were President Barack Obama to put any of the nearly 2 million federal civil servants out in the street in the middle of the worst economic downturn since the Great Depression, the consequences could be dire.

[smartinvestor30]

I have been doing research as to which departments and people are actually losing jobs. Very hard to find. I am kind of skeptical of these news breaks. I believe the media is to be blamed for the less consumer spending, all they do is scare the masses.

Not talking to your wife about the weeds in your lawn doesn't change the fact they're there. She's still going to make you get to those weeds.

Don't blame the media, there really is trouble out there and even if you don't have a TV you can tell from the prices at the pump (not right now), friends who have lost their jobs, and the environment at work. If your boss sits down and tells you they are making cuts you don't need the media to tell you the economy is bad or that jobs are being lost.

It's hit home to a lot of people, no media needed ;)


One last analogy:

It's like a ostrich burying it's head in the sand thinking he's going to be safe from predators because no one can see him


http://4.bp.blogspot.com/_nK09cyL8Ihw/SMlht02tozI/AAAAAAAAAcA/1ZME3BRJAzI/s400/ostrich.jpg

[clavocat]

I hate to burst your bubble, but here in upstate NY it is not bad at all. If it weren't for the media, you wouldn't even know we were in a recession. The problem is, people are surrounded with "the economy may go into a depression" "Circuit city, linens and thing are out of business" "everyone is losing their jobs" etc. and that KILLS consumer spending. But like I said, our housing market has actually been flat for the past few years here and Buffalo has never really recovered from the early-mid 1900's so it is not as noticeable here.

[WiqqyNYU]

Btw, housing prices were up for the first month of 09. I believe it was 6. (something). Now why would that happen?

its also astonishing that on one end, MSFT shed over 5000 jobs, and on the other they are applying for more H1b's. See the problem isnt the economy, its those companies that just want more " dough " for less employee costs.