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Old 04-01-2011, 08:55 AM   #1
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Default Good news: unemployment rate falls to new two-year low

http://www.bbc.co.uk/news/business-12935003

Quote:
Analysis

John Mervin New York business editor, BBC News

With this jobs report it does appear the economy has reached a real turning point.

Not just a theoretical one, only of interest to economists either, but one that might actually lead to an improvement in the lives of millions. Because if about 200,000 new jobs are created each month then, slowly, America will get back to work.

Barring the one-off hiring of census workers in 2010, it is four years since more than 150,000 jobs were created in two consecutive months.

The US may finally be pulling away from the worst economic collapse since the Great Depression. But it is only a turning point. There is a long way to go. More than 13 million Americans who want full-time work, haven't found it yet.
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Old 04-01-2011, 09:00 AM   #2
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US may be looking good, but from what I can tell, this has been a terrible quarter in Massachusetts.
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Old 04-01-2011, 09:02 AM   #3
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More Americans work for the government than in manufacturing, farming, fishing, forestry, mining and utilities combined..
http://online.wsj.com/article/SB1000...867182108.html
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Old 04-01-2011, 09:04 AM   #4
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Also, this doesn't take into effect the people who have been out of work for so long that they are no longer collecting unemployment. The fed gov doesn't really talk about that...
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Old 04-01-2011, 09:13 AM   #5
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Jeez guys, can't you take good news for what it is?

Last edited by bronclvr; 04-01-2011 at 09:18 AM..
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Old 04-01-2011, 09:14 AM   #6
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Originally Posted by Tombstone RJ View Post
Also, this doesn't take into effect the people who have been out of work for so long that they are no longer collecting unemployment. The fed gov doesn't really talk about that...
Yeah, people who have been unemployed for 27+ weeks are still at an all time high. I dont think people realize how close we were in 08 to having this whole thing fall apart. A long way to go, people. But this new jobs report isn't BAD. Though if the government goes through with this expansionary austerity thing (or anything like it..which they probably wont) itll plunge again...just ask the UK
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Old 04-01-2011, 09:15 AM   #7
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the price of oil and inflation are going to trigger another round of job cuts this summer
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Old 04-01-2011, 09:18 AM   #8
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ive got a job interview saturday too...
kind of a second job and only part time to school, but still.
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Old 04-01-2011, 09:21 AM   #9
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Good news is good news. If more people are working, awesome.

I've been enjoying getting back to FT work after a lengthy break post-school. It's awesome. Nothing better than days like today when your bank account gets upped 4 digits. YEAH.
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Old 04-01-2011, 09:24 AM   #10
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Originally Posted by Jim Lahey View Post
Good news is good news. If more people are working, awesome.

I've been enjoying getting back to FT work after a lengthy break post-school. It's awesome. Nothing better than days like today when your bank account gets upped 4 digits. YEAH.
im in year i think 7 of consecutive school, and everytime i tell someone im excited to be done and finally go get a job, people are like "no stay in as long as you can!"

i want to punch those people in the face.
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Old 04-01-2011, 09:32 AM   #11
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Well man, it's not necessarily bad advice.

From what you shared, you're going into a cool field and you're passionate about it. There's nothing wrong with more schooling. For me, I had my kidney disease and a lot of health issues, so I decided to skip graduate school and focus on getting better -- and with all my bills (and at the time no insurance) I needed to get work. I drained all of my savings from working as an undergraduate to pay off medical bills and I felt like I was so behind.

Now, I'm able to pay off more than the minimums on my school loans and CC bill, as well as paying rent and my cell phone.

Outside that, I have very few expenses (groceries, cigs, bus ticket) and I'm poised to save over 2,000 bucks this month if I watch my pennies right.

Working is awesome, but staying in school right now with a rather depressing job market is not a bad idea.

I just got really, really lucky with this job. Plus, I'm in ND and our economy is the best state-wise in the whole nation. We're booming economically and there are a lot of opportunities out here. Plus, it's cheap as **** to live. That's why I'm able to save what I can. I'm absolutely thrilled.

You're gonna do just fine when you get done with schooling.

Hell, I can't wait to go back to school -- but this gig is good for now.
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Old 04-01-2011, 09:39 AM   #12
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important thing is we're headed in the right direction,let's just hope boehner doesn't screw it up.
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Old 04-01-2011, 09:42 AM   #13
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Old 04-01-2011, 09:48 AM   #14
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Originally Posted by bronco militia View Post
the price of oil and inflation are going to trigger another round of job cuts this summer
we really arent experiencing inflation
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Old 04-01-2011, 09:50 AM   #15
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Well man, it's not necessarily bad advice.

From what you shared, you're going into a cool field and you're passionate about it. There's nothing wrong with more schooling. For me, I had my kidney disease and a lot of health issues, so I decided to skip graduate school and focus on getting better -- and with all my bills (and at the time no insurance) I needed to get work. I drained all of my savings from working as an undergraduate to pay off medical bills and I felt like I was so behind.

Now, I'm able to pay off more than the minimums on my school loans and CC bill, as well as paying rent and my cell phone.

Outside that, I have very few expenses (groceries, cigs, bus ticket) and I'm poised to save over 2,000 bucks this month if I watch my pennies right.

Working is awesome, but staying in school right now with a rather depressing job market is not a bad idea.

I just got really, really lucky with this job. Plus, I'm in ND and our economy is the best state-wise in the whole nation. We're booming economically and there are a lot of opportunities out here. Plus, it's cheap as **** to live. That's why I'm able to save what I can. I'm absolutely thrilled.

You're gonna do just fine when you get done with schooling.

Hell, I can't wait to go back to school -- but this gig is good for now.
i cant wait to get out of school, been in for 7 years living life as a broke college student with credit card debt and still compiling student loans. why anyone would wnat to continue this life of being broke and rapidly accumulating debt and interest is beyond me. especially when ive achieved the highest level of education i can get that doesnt lead into a future of teaching and research in the field, which is not what i want to do.

Last edited by tsiguy96; 04-01-2011 at 09:54 AM..
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Old 04-01-2011, 09:50 AM   #16
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important thing is we're headed in the right direction,let's just hope boehner doesn't screw it up.
Oddly, this all happened when Pelosi went bye bye. Boehner can't control highier energy costs for businesses. Nor can he control labor participation, which is still at 64%--meaning those benefitting from whatever jobs are being created are recently unemployed. Look for the correction, as per this administration's M.O. in a few days. He DID control the Bush tax cuts extension, however, and imagine what unemployment would look like had they not been extended. Take these numbers with a grain of salt, as this is April Fools Day, after all.

Let's print another trillion and we should have the unemployment rate down to 8.5% by December.
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Old 04-01-2011, 09:51 AM   #17
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All this great news coming from our govt as they are about to vote to raise our debt ceiling. Think about that. Our govt is basically a credit card.
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Old 04-01-2011, 09:53 AM   #18
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Barring the one-off hiring of census workers in 2010, it is four years since more than 150,000 jobs were created in two consecutive months.
I think this shows it's not just people dropping off unemployment. It's a start.
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Old 04-01-2011, 09:54 AM   #19
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its too bad that the price of gas is going up just as more jobs are being created. add in the fact that these new jobs are not paying more money (wages are not going up), while on the other hand the cost of gas, food and clothing is going up, and the picture is still pretty bleak.
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Old 04-01-2011, 10:02 AM   #20
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Charley Reese's final column for the Orlando Sentinel.



He has been a journalist for 49 years.
He is retiring and this is HIS LAST COLUMN.

Be sure to read the Tax List at the end.

This is about as clear and easy to understand as it can be. The article below is completely neutral, neither anti-republican or democrat. Charlie Reese, a retired reporter for the Orlando Sentinel, has hit the nail directly on the head, defining clearly who it is that in the final analysis must assume responsibility for the judgments made that impact each one of us every day. It's a short but good read. Worth the time. Worth remembering!

545 vs. 300,000,000 People



By Charlie Reese

Politicians are the only people in the world who create problems and then campaign against them.

Have you ever wondered, if both the Democrats and the Republicans are against deficits, WHY do we have deficits?

Have you ever wondered, if all the politicians are against inflation and high taxes, WHY do we have inflation and high taxes?

You and I don't propose a federal budget. The President does.

You and I don't have the Constitutional authority to vote on appropriations. The House of Representatives does.

You and I don't write the tax code, Congress does.

You and I don't set fiscal policy, Congress does.

You and I don't control monetary policy, the Federal Reserve Bank does.

One hundred senators, 435 congressmen, one President, and nine Supreme Court justices equates to 545 human beings out of the 300 million are directly, legally, morally, and individually responsible for the domestic problems that plague this country.

I excluded the members of the Federal Reserve Board because that problem was created by the Congress. In 1913, Congress delegated its Constitutional duty to provide a sound currency to a federally chartered, but private, central bank.

I excluded all the special interests and lobbyists for a sound reason. They have no legal authority. They have no ability to coerce a senator, a congressman, or a President to do one cotton-picking thing. I don't care if they offer a politician $1 million dollars in cash. The politician has the power to accept or reject it. No matter what the lobbyist promises, it is the legislator's responsibility to determine how he votes.

Those 545 human beings spend much of their energy convincing you that what they did is not their fault. They cooperate in this common con regardless of party.

What separates a politician from a normal human being is an excessive amount of gall. No normal human being would have the gall of a Speaker, who stood up and criticized the President for creating deficits. The President can only propose a budget. He cannot force the Congress to accept it.

The Constitution, which is the supreme law of the land, gives sole responsibility to the House of Representatives for originating and approving appropriations and taxes. Who is the speaker of the House? John Boehner. He is the leader of the majority party. He and fellow House members, not the President, can approve any budget they want. If the President vetoes it, they can pass it over his veto if they agree to.

It seems inconceivable to me that a nation of 300 million cannot replace 545 people who stand convicted -- by present facts -- of incompetence and irresponsibility. I can't think of a single domestic problem that is not traceable directly to those 545 people. When you fully grasp the plain truth that 545 people exercise the power of the federal government, then it must follow that what exists is what they want to exist.

If the tax code is unfair, it's because they want it unfair.

If the budget is in the red, it's because they want it in the red.

If the Army & Marines are in Iraq and Afghanistan it's because they want them in Iraq and Afghanistan ...

If they do not receive social security but are on an elite retirement plan not available to the people, it's because they want it that way.

There are no insoluble government problems.

Do not let these 545 people shift the blame to bureaucrats, whom they hire and whose jobs they can abolish; to lobbyists, whose gifts and advice they can reject; to regulators, to whom they give the power to regulate and from whom they can take this power. Above all, do not let them con you into the belief that there exists disembodied mystical forces like "the economy," "inflation," or "politics" that prevent them from doing what they take an oath to do.

Those 545 people, and they alone, are responsible.

They, and they alone, have the power.

They, and they alone, should be held accountable by the people who are their bosses.

Provided the voters have the gumption to manage their own employees...

We should vote all of them out of office and clean up their mess!

Charlie Reese is a former columnist of the Orlando Sentinel Newspaper.

What you do with this article now that you have read it... is up to you.
This might be funny if it weren't so true.
Be sure to read all the way to the end:

Tax his land,
Tax his bed,
Tax the table,
At which he's fed.

Tax his tractor,
Tax his mule,
Teach him taxes
Are the rule.

Tax his work,
Tax his pay,
He works for
peanuts anyway!

Tax his cow,
Tax his goat,
Tax his pants,
Tax his coat.

Tax his ties,
Tax his shirt,
Tax his work,
Tax his dirt.

Tax his tobacco,
Tax his drink,
Tax him if he
Tries to think.

Tax his cigars,
Tax his beers,
If he cries
Tax his tears.

Tax his car,
Tax his gas,
Find other ways
To tax his ass.

Tax all he has
Then let him know
That you won't be done
Till he has no dough.

When he screams and hollers;
Then tax him some more,
Tax him till
He's good and sore.

Then tax his coffin,
Tax his grave,
Tax the sod in
Which he's laid...

Put these words
Upon his tomb,
'Taxes drove me
to my doom...'

When he's gone,
Do not relax,
Its time to apply
The inheritance tax.

Accounts Receivable Tax
Building Permit Tax
CDL license Tax
Cigarette Tax
Corporate Income Tax
Dog License Tax
Excise Taxes
Federal Income Tax
Federal Unemployment Tax (FUTA)
Fishing License Tax
Food License Tax
Fuel Permit Tax
Gasoline Tax (currently 44.75 cents per gallon)
Gross Receipts Tax
Hunting License Tax
Inheritance Tax
Inventory Tax
IRS Interest Charges IRS Penalties (tax on top of tax)
Liquor Tax
Luxury Taxes
Marriage License Tax
Medicare Tax
Personal Property Tax
Property Tax
Real Estate Tax
Service Charge Tax
Social Security Tax
Road Usage Tax
Recreational Vehicle Tax
Sales Tax
School Tax
State Income Tax
State Unemployment Tax (SUTA)
Telephone Federal Excise Tax
Telephone Federal Universal Service Fee Tax
Telephone Federal, State and Local Surcharge Taxes
Telephone Minimum Usage Surcharge Tax
Telephone Recurring and Nonrecurring Charges Tax
Telephone - State and Local Tax
Telephone Usage Charge Tax
Utility Taxes
Vehicle License Registration Tax
Vehicle Sales Tax
Watercraft Registration Tax
Well Permit Tax
Workers Compensation Tax
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Old 04-01-2011, 10:06 AM   #21
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Quote:
Originally Posted by Smiling Assassin27 View Post
Oddly, this all happened when Pelosi went bye bye. Boehner can't control highier energy costs for businesses. Nor can he control labor participation, which is still at 64%--meaning those benefitting from whatever jobs are being created are recently unemployed. Look for the correction, as per this administration's M.O. in a few days. He DID control the Bush tax cuts extension, however, and imagine what unemployment would look like had they not been extended. Take these numbers with a grain of salt, as this is April Fools Day, after all.

Let's print another trillion and we should have the unemployment rate down to 8.5% by December.
we were headed in the right direction long before the elections. reps haven't done anything in anyway to take credit for this.
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Old 04-01-2011, 10:12 AM   #22
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Quote:
Originally Posted by gunns View Post
Charley Reese's final column for the Orlando Sentinel.



He has been a journalist for 49 years.
He is retiring and this is HIS LAST COLUMN.

Be sure to read the Tax List at the end.

This is about as clear and easy to understand as it can be. The article below is completely neutral, neither anti-republican or democrat. Charlie Reese, a retired reporter for the Orlando Sentinel, has hit the nail directly on the head, defining clearly who it is that in the final analysis must assume responsibility for the judgments made that impact each one of us every day. It's a short but good read. Worth the time. Worth remembering!

545 vs. 300,000,000 People



By Charlie Reese

Politicians are the only people in the world who create problems and then campaign against them.

Have you ever wondered, if both the Democrats and the Republicans are against deficits, WHY do we have deficits?

Have you ever wondered, if all the politicians are against inflation and high taxes, WHY do we have inflation and high taxes?

You and I don't propose a federal budget. The President does.

You and I don't have the Constitutional authority to vote on appropriations. The House of Representatives does.

You and I don't write the tax code, Congress does.

You and I don't set fiscal policy, Congress does.

You and I don't control monetary policy, the Federal Reserve Bank does.

One hundred senators, 435 congressmen, one President, and nine Supreme Court justices equates to 545 human beings out of the 300 million are directly, legally, morally, and individually responsible for the domestic problems that plague this country.

I excluded the members of the Federal Reserve Board because that problem was created by the Congress. In 1913, Congress delegated its Constitutional duty to provide a sound currency to a federally chartered, but private, central bank.

I excluded all the special interests and lobbyists for a sound reason. They have no legal authority. They have no ability to coerce a senator, a congressman, or a President to do one cotton-picking thing. I don't care if they offer a politician $1 million dollars in cash. The politician has the power to accept or reject it. No matter what the lobbyist promises, it is the legislator's responsibility to determine how he votes.

Those 545 human beings spend much of their energy convincing you that what they did is not their fault. They cooperate in this common con regardless of party.

What separates a politician from a normal human being is an excessive amount of gall. No normal human being would have the gall of a Speaker, who stood up and criticized the President for creating deficits. The President can only propose a budget. He cannot force the Congress to accept it.

The Constitution, which is the supreme law of the land, gives sole responsibility to the House of Representatives for originating and approving appropriations and taxes. Who is the speaker of the House? John Boehner. He is the leader of the majority party. He and fellow House members, not the President, can approve any budget they want. If the President vetoes it, they can pass it over his veto if they agree to.

It seems inconceivable to me that a nation of 300 million cannot replace 545 people who stand convicted -- by present facts -- of incompetence and irresponsibility. I can't think of a single domestic problem that is not traceable directly to those 545 people. When you fully grasp the plain truth that 545 people exercise the power of the federal government, then it must follow that what exists is what they want to exist.

If the tax code is unfair, it's because they want it unfair.

If the budget is in the red, it's because they want it in the red.

If the Army & Marines are in Iraq and Afghanistan it's because they want them in Iraq and Afghanistan ...

If they do not receive social security but are on an elite retirement plan not available to the people, it's because they want it that way.

There are no insoluble government problems.

Do not let these 545 people shift the blame to bureaucrats, whom they hire and whose jobs they can abolish; to lobbyists, whose gifts and advice they can reject; to regulators, to whom they give the power to regulate and from whom they can take this power. Above all, do not let them con you into the belief that there exists disembodied mystical forces like "the economy," "inflation," or "politics" that prevent them from doing what they take an oath to do.

Those 545 people, and they alone, are responsible.

They, and they alone, have the power.

They, and they alone, should be held accountable by the people who are their bosses.

Provided the voters have the gumption to manage their own employees...

We should vote all of them out of office and clean up their mess!

Charlie Reese is a former columnist of the Orlando Sentinel Newspaper.

What you do with this article now that you have read it... is up to you.
This might be funny if it weren't so true.
Be sure to read all the way to the end:

Tax his land,
Tax his bed,
Tax the table,
At which he's fed.

Tax his tractor,
Tax his mule,
Teach him taxes
Are the rule.

Tax his work,
Tax his pay,
He works for
peanuts anyway!

Tax his cow,
Tax his goat,
Tax his pants,
Tax his coat.

Tax his ties,
Tax his shirt,
Tax his work,
Tax his dirt.

Tax his tobacco,
Tax his drink,
Tax him if he
Tries to think.

Tax his cigars,
Tax his beers,
If he cries
Tax his tears.

Tax his car,
Tax his gas,
Find other ways
To tax his ass.

Tax all he has
Then let him know
That you won't be done
Till he has no dough.

When he screams and hollers;
Then tax him some more,
Tax him till
He's good and sore.

Then tax his coffin,
Tax his grave,
Tax the sod in
Which he's laid...

Put these words
Upon his tomb,
'Taxes drove me
to my doom...'

When he's gone,
Do not relax,
Its time to apply
The inheritance tax.

Accounts Receivable Tax
Building Permit Tax
CDL license Tax
Cigarette Tax
Corporate Income Tax
Dog License Tax
Excise Taxes
Federal Income Tax
Federal Unemployment Tax (FUTA)
Fishing License Tax
Food License Tax
Fuel Permit Tax
Gasoline Tax (currently 44.75 cents per gallon)
Gross Receipts Tax
Hunting License Tax
Inheritance Tax
Inventory Tax
IRS Interest Charges IRS Penalties (tax on top of tax)
Liquor Tax
Luxury Taxes
Marriage License Tax
Medicare Tax
Personal Property Tax
Property Tax
Real Estate Tax
Service Charge Tax
Social Security Tax
Road Usage Tax
Recreational Vehicle Tax
Sales Tax
School Tax
State Income Tax
State Unemployment Tax (SUTA)
Telephone Federal Excise Tax
Telephone Federal Universal Service Fee Tax
Telephone Federal, State and Local Surcharge Taxes
Telephone Minimum Usage Surcharge Tax
Telephone Recurring and Nonrecurring Charges Tax
Telephone - State and Local Tax
Telephone Usage Charge Tax
Utility Taxes
Vehicle License Registration Tax
Vehicle Sales Tax
Watercraft Registration Tax
Well Permit Tax
Workers Compensation Tax
well said. I've been saying for a long, long, long time (this has been my consistent argument with posters here) that the problem IS THE FED GOV, It's run by these 545 and it makes all the policies.

My main contention is that these 545 just want to protect these 545 and they don't want to be accountable to the 300m people, they just want their slice of pie, which the Lobbyists guarantee them.

Get the people hooked on the government and their jobs are protected. Think about it. These are the elitists who run the country, and the sacrificial lambs are the states and the people.

When the fed gov is the largest employer than something is wrong, very wrong.

Something stinks in the state of Denmark and it's Washington DC.
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Old 04-01-2011, 10:13 AM   #23
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Originally Posted by Smiling Assassin27 View Post
Oddly, this all happened when Pelosi went bye bye. Boehner can't control highier energy costs for businesses. Nor can he control labor participation, which is still at 64%--meaning those benefitting from whatever jobs are being created are recently unemployed. Look for the correction, as per this administration's M.O. in a few days. He DID control the Bush tax cuts extension, however, and imagine what unemployment would look like had they not been extended. Take these numbers with a grain of salt, as this is April Fools Day, after all.

Let's print another trillion and we should have the unemployment rate down to 8.5% by December.
Ummm, this was happening way before the 2010 elections. In fact, not much has really even changed since then. I think its laughable that you think the bush tax extension makes that much of a diff in UE. Corporations dont pay taxes anyway, just ask GE
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Old 04-01-2011, 10:20 AM   #24
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Old 04-01-2011, 10:39 AM   #25
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Originally Posted by peacepipe View Post
we were headed in the right direction long before the elections. reps haven't done anything in anyway to take credit for this.

Uh huh.

9% unemployment and adding 1.5 tril to the deficit every year. We were doing SO well.


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