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Topic: Econmy Good, Jobs Bad - Read 0 times.
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Eagledad Senior Forum Member Registered: 11/21/2002 Location: Posts: 2507
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Econmy Good, Jobs Bad
Posted: Monday, 11/2/2009: 12:00:51 PM   quality
Never heard it put like this before. From USAToday:
The economy is recovering, he said, but jobs are a lagging indicator and he expects the unemployment situation to get worse before it gets better, Obama said at a meeting of the President's Economic Recovery Advisory Board.
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Merlyn_LeRoy Senior Forum Member Registered: 2/21/2001 Location: Minnesota Posts: 2946
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RE: Econmy Good, Jobs Bad
Posted: Monday, 11/2/2009: 12:31:42 PM   quality
I don't know what you listen to, but I've always heard that jobs recover later.
http://www.foxnews.com/story/0,2933,98006,00.html [George Bush in 2003] There's an employment lag that generally accompanies a recovery. The economy gets going and after a while employment catches up.
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scoutldr Senior Forum Member Registered: 11/22/2002 Location: The New World Posts: 4105
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RE: Econmy Good, Jobs Bad
Posted: Monday, 11/2/2009: 12:48:32 PM   quality
Except when there are other confounders being brought to bear, such as increasing tax burdens on individuals and small businesses, federal takeover of corporations and unfunded government mandates on state and local governments.
As has been said by the experts...this is an economic "perfect storm" the likes of which we've never seen before. The standard rules of business and economics don't apply any more...
No one I know believes that "inflation is zero" and the economy is good...
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packsaddle Senior Forum Member Registered: 12/30/1999 Location: The South Posts: 4887
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RE: Econmy Good, Jobs Bad
Posted: Monday, 11/2/2009: 12:55:20 PM   quality
Sure, it is easy to look at things like everything's going to 'that mythical place that doesn't really exist'. But a good capitalist, one that is an effective competitor who makes good choices and invests wisely, will find this economy to be a wealth of opportunity. Right now it is possible to take a little bit of capital, combine it with an understanding of how things work, and turn a huge amount of profit. All these dire headlines are just theater in comparison.
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Eagledad Senior Forum Member Registered: 11/21/2002 Location: Posts: 2507
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RE: Econmy Good, Jobs Bad
Posted: Monday, 11/2/2009: 12:57:05 PM   quality
>>he expects the unemployment situation to get worse before it gets better,<<
Doesn't sound very optimistic.
I was taught back in economics classes that jobs directly influence economy because you can’t spend what you haven't got. Generally Economic gains in a declining job market are just blips artifically stimulated by non-consistent up trends.
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scoutldr Senior Forum Member Registered: 11/22/2002 Location: The New World Posts: 4105
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RE: Econmy Good, Jobs Bad
Posted: Monday, 11/2/2009: 1:12:17 PM   100% quality
"you can’t spend what you haven't got"
Now, there's a concept. Maybe we should all send our Congresspersons a complimentary copy of the "Personal Management" MB booklet.
Seriously.
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Trevorum Senior Forum Member Registered: 11/19/2004 Location: Terra Posts: 2877
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RE: Economy bad, Jobs good
Posted: Tuesday, 11/3/2009: 6:31:45 AM   quality
Being in a field that prides itself on being "shovel ready" (heh heh), we're booming. Can't hire fast enough to keep up with new work. I suppose that indicates the recovery is patchy, but all those new wages are flowing into the community, rippling, rippling.
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scoutldr Senior Forum Member Registered: 11/22/2002 Location: The New World Posts: 4105
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RE: Econmy Good, Jobs Bad
Posted: Tuesday, 11/3/2009: 6:45:33 AM   quality
Undertaker? Now there's a recession-proof business...hmmmmm.
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GernBlansten Senior Forum Member Registered: 5/18/2005 Location: Posts: 2698
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RE: Econmy Good, Jobs Bad
Posted: Tuesday, 11/3/2009: 8:05:03 AM   quality
As an independent computer consultant, I keep a job tickler on Monster.com to get a pulse for the market of my skill set. For the past 2 - 3 years, nothing - zero - Nada. But this past month, I'm getting 2 to 3 leads a week. Something is happening. Something good.
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Trevorum Senior Forum Member Registered: 11/19/2004 Location: Terra Posts: 2877
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RE: Econmy Good, Jobs Bad
Posted: Tuesday, 11/3/2009: 8:27:30 AM   quality
scoutldr - all the dead bodies I deal with are at least several hundred years old!
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