Is economy getting better or worst?

jeebus · **Joined:** Tue Mar 16, 2010 1:35 pm **Posts:** 1296

we've been blessed. we're still employed and i'm thankful.
still, i prepare for the worse. my uncles taught me to hunt and fish. electricity is a luxury, not a necessity. i love to stay in the woods for weeks just to test survival skills. yes, call me a paranoid redneck if you will, i don't care.
i just don't ever want to depend on anyone if it gets really bad. i can take care of myself.

fhopkins · **Posted:** Fri Jun 11, 2010 3:38 pm

I'm with you jeebus!!! :wink:

cvilleira · **Posted:** Fri Jun 11, 2010 5:56 pm

texasguitarslinger wrote:

Just because there are less people making unemployment claims doesn't mean that things are getting better. Unemployment runs out after a year, and I bet that a lot of those people are still out of work even after it runs out and they aren't on the official list anymore.

:

You ar correct , once your unemployment runs out you are off the rolls and not counted as unemployed. At 9.7 unemployment they say the real number is around 14% to 14.5%

texasguitarslinger · **Posted:** Fri Jun 11, 2010 6:16 pm

cvilleira wrote:

texasguitarslinger wrote:

Just because there are less people making unemployment claims doesn't mean that things are getting better. Unemployment runs out after a year, and I bet that a lot of those people are still out of work even after it runs out and they aren't on the official list anymore.

:

You ar correct , once your unemployment runs out you are off the rolls and not counted as unemployed. At 9.7 unemployment they say the real number is around 14% to 14.5%

That number, the bigger one, is really what they ought to be counting. "Less people are losing their jobs!" Well great, but how many are hiring? The company my Dad worked for no longer exists in the US.

captain eyeball · **Joined:** Mon Nov 05, 2007 10:39 pm **Posts:** 554

texasguitarslinger wrote:

cvilleira wrote:

texasguitarslinger wrote:

Just because there are less people making unemployment claims doesn't mean that things are getting better. Unemployment runs out after a year, and I bet that a lot of those people are still out of work even after it runs out and they aren't on the official list anymore.

:

You ar correct , once your unemployment runs out you are off the rolls and not counted as unemployed. At 9.7 unemployment they say the real number is around 14% to 14.5%

That number, the bigger one, is really what they ought to be counting. "Less people are losing their jobs!" Well great, but how many are hiring? The company my Dad worked for no longer exists in the US.

the unemployment rate and the number of people on unemployment are two different statistics.

according to the the bureau of labor statistics people who are jobless, looking for jobs, and available for work are unemployed. This is how the government counts the unemployment rate.

http://www.bls.gov/cps/cps_htgm.htm

the unemployment rolls are not the same as the unemployment rate. for instance you could be on unemployment but unavailable for work so you would technically not be unemployed.

John.E · **Posted:** Fri Jun 11, 2010 6:50 pm

Just a few random bits to add to the discusion:

The Census workers will be joining the unemployed shortly.

New York State might be joining the list of bankrupt states on Monday morning.

The price of a gallon of gas is lower than it was last year at this time. Enough of us just aren't driving, so the demand is off.

John.E

cvilleira · **Posted:** Fri Jun 11, 2010 8:46 pm

captain eyeball wrote:

texasguitarslinger wrote:

cvilleira wrote:

texasguitarslinger wrote:

Just because there are less people making unemployment claims doesn't mean that things are getting better. Unemployment runs out after a year, and I bet that a lot of those people are still out of work even after it runs out and they aren't on the official list anymore.

:

You ar correct , once your unemployment runs out you are off the rolls and not counted as unemployed. At 9.7 unemployment they say the real number is around 14% to 14.5%

That number, the bigger one, is really what they ought to be counting. "Less people are losing their jobs!" Well great, but how many are hiring? The company my Dad worked for no longer exists in the US.

the unemployment rate and the number of people on unemployment are two different statistics.

according to the the bureau of labor statistics people who are jobless, looking for jobs, and available for work are unemployed. This is how the government counts the unemployment rate.

http://www.bls.gov/cps/cps_htgm.htm

the unemployment rolls are not the same as the unemployment rate. for instance you could be on unemployment but unavailable for work so you would technically not be unemployed.

Correct , Once you are done unemployment and no longer answering the questions on the bi weekly filing that say yes you are looking and yes available for work you are off the rolls . You are now disenfranchised and no longer looking!!!!

It also does not count people who have been let go for fault of them selfs or quit jobs making them not eligible. There are many small companies around that have very little problem firing some one by nit picking for a few weeks and writing up issues as cause of dismissal.
Many who has been a manager for a period of time have had difficult employees that they just had to get rid of because they can't work along with them or others. Start the write ups. One , Two, Gone. No Bennies there. Not counted.

Martian · **Posted:** Sat Jun 12, 2010 10:35 am

I am the furthest thing from an expert when it comes to anything having to do with big business, the economy, etc, etc. All I know is the reality around me: That stimulus check went 100% directly and immediately toward bills; our paychecks and benefits continue to shrink while our workloads continue to be increased, prices for anything and everything are noticeably and consistently increasing while at the same time, we get less and less of whatever the product or service is. I'm still struggling to pay my bills and regardless of what some rich government mucky-muck decrees, I don't see how things are EVER going to get any better for what's left of the middle class who carries on their back, the rich AND the poor.

Nowadays, "The American Dream" has been reduced to, "The American Fantasy".

jeebus · **Joined:** Tue Mar 16, 2010 1:35 pm **Posts:** 1296

well said mr. martian. well said indeed.

mustangtoo · **Posted:** Sat Jun 12, 2010 12:03 pm

I think it's worse.

I see a trend around here to let go of the workers and promote the managers. If you don't have a degree you are basically up the creek without a paddle.

Our local government is trying to cut back on social services yet building tunnels and stadiums.

I also see a trend toward spending tons of money on security.

Are they scared of an uprising?

Wonder why?

straycat113 · **Posted:** Sat Jun 12, 2010 4:39 pm

I am so tired of seeing all these phony politicians saying it is hard for all of us right now and I will start with Mayor Bloomberg, or should I say the little dictator. I roll with laughter when someone who is worth 20 Billion dollars includes himself with the population. The guy has done nothing but make it almost impossible to live here in NY, and is just trying to have the whole city be one of the super wealthy. I still would love to know how he came into his first term worth 4 Billion and by the start of his second turn it into 11 Billion and at the start of his dictatorship third be worth over 20. My how all those high rise condo complexes just swallowed up Brooklyn and turned it into little So Ho. How he fought tooth and nail to leave a rookie Cops starting pay at 25K and hired another 20,000 parking agents to bang people with tickets. But then again he only takes a $1 salary. Boy how I wish Bernie Madoff invested his money.

Martian · **Posted:** Sat Jun 12, 2010 5:05 pm

straycat113 wrote:

I am so tired of seeing all these phony politicians saying it is hard for all of us right now and I will start with Mayor Bloomberg, or should I say the little dictator. I roll with laughter when someone who is worth 20 Billion dollars includes himself with the population. The guy has done nothing but make it almost impossible to live here in NY, and is just trying to have the whole city be one of the super wealthy. I still would love to know how he came into his first term worth 4 Billion and by the start of his second turn it into 11 Billion and at the start of his dictatorship third be worth over 20. My how all those high rise condo complexes just swallowed up Brooklyn and turned it into little So Ho. How he fought tooth and nail to leave a rookie Cops starting pay at 25K and hired another 20,000 parking agents to bang people with tickets. But then again he only takes a $1 salary. Boy how I wish Bernie Madoff invested his money.

Bloomberg is the chief factor which drove me out of Staten Island and NYC for good. I didn't want to leave but I couldn't afford his ever increasing and multiplying extortions which of course, by his totalitarian decrees are perfectly legal. I do agree with you, he wants to turn NYC into a haven for himself and his wealthy cronies, based on all his values. Unfortunately, with people like him, he will never experience what it is like living diminishing paycheck to paycheck nor will he ever care. Yet, when I ask people why after him outright usurping NYC law by declaring he can run for a third term and doing so, the people still voted him in again. The only answer I could get was that he was the least of the evils. It seems people like him are immune to karma.

Blertles · **Posted:** Sun Jun 13, 2010 4:37 am

ray_tard wrote:

Blertles wrote:

I think pessimisim is not good for an economy.

Our economy is doing just fine. actually, its doing very well. This years budget delivery sealed the coffin for homeowners posting losses on mortgages that were written into trusts. That spelled an end to people who are creating massive wealth through real estate, I cannot wait until capital gains tax rolls in.

Perhaps, I may actually be able to afford a home eventually. Babyboomers have made far too much money on property in the last 10years, and that means their children are forced to rent as thay can no longer afford a first home. Ive heard of people owning many properties- in Auckland over 80% of people rent.

You know what stirs me up? When Im old, there will be more pensioners than tax payers. That means as I work, I pay for someones retirement. When I retire, I get no pension. I have to pay for it myself. There will be nothing at all except a stupid "Kiwisaver" scheme that was meant for kiwis to save (but really is a pension fund) for retirement. The reason why there will be no pension, because the previous govt had an immigration policy which meant people come into the country and go straight on unemployment benefit and have no intention of working at all, and they are meant to replace people who leave for other countries for better pay (Engineers, Doctors, Accountants, Lawyers etc.. high valued citizens)- while I pay my taxes.

I get annoyed when I hear an old fella complain about the amount of money he gets on pension, yet people dont realise that us younger folk will get none at all for our many decades of hard work.

I agree and disagree with you blerts. For one thing capital gains won't come in in the foreseeable future. I dont kno if it's really necessary too. From what i understand, people want a cap gains tax to get tax from people who sell houses etc as a means of income? and these people are subject to a capital gains tax anyway.
feel free to hit me up

Hmm you're right

But you know, my mate and his wife bought their first house a couple years ago now at nearly $400k... not a very flash area but not an absolute dive either. a decent place in west auckland, that needs carpet, a new kitchen (you know, hasnt been touched since the early eighties). Im sure now that after they have traveled together and taken a mortgage on the house, and a nice decent car- they will want kids. Trouble is, my mate cannot afford the mortgage on his income alone let feed his wife and keep a baby.

In the same area, in 1998 my sister bought a similar sized place less than 2 mins away for $186k. Good size 3 bdrm for a small family that was renovated within 18 months prior to purchase that is now valued at $440k. I dont see how a young couple are meant to have a family and expect to pay a first home mortgage in Auckland.. its nearly impossible.

In my hometown, which is a bit of a miss at the moment- you can buy a 5bdrm, internal double garage, large brick house on a good sized section for around $220-240k. You'd be lucky if you had a good paying job though in the south waikato :lol:

Im ranting... I guess the political and economic landscape have changed somewhat in the last 12months, who knows whats around the corner for NZ. Australia still is a lucrative idea for the young

Damn site warmer too :cry:

Solid Body Love Songs · **Posted:** Sun Jun 13, 2010 6:48 am

The economy has gotten worse because there are not enough jobs for people. Unemployment is the indicator which is why there are less news stories about it. Mainstream media can not talk about unemployment truthfully because then everyone will know how bad the economy is and that it is getting worse, without jobs the economy can't improve.

phreddybee · **Posted:** Sun Jun 13, 2010 9:00 am

i'm a sales rep in the greater detroit, michigan area. i have been doing this for over 30 years. i have seen ups and downs with my business, but nothing like this.

many, if not most of my businesses have clients who are involved in the auto industry, or the clients' husbands work there. this has had a devastating effect on the economy in general.

i'm lucky- my kids are grown, my house is paid for, and i have no car payments and no credit card payments. my years of experience give me an advantage over my competitors.

i know i'll make it through- always have

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