October Job Report

[Lafayette]

Down 240,000 jobs for the month, %6.5 unemeployment rate... if you believe the government numbers that is


http://www.cnbc.com/id/27591407

 

[LibertyBrews]

They revised the september job losses down, i expect them to do the same with the october losses when the next report comes in december.

 

[Number19]

November numbers will be equally bad and December's. Seasonal hiring will be down because of the economy. You can anticipate unemployment reaching 7% by year's end and possibly approaching 7.25%. I'm also anticipating high layoffs in January and February after poor X-mas numbers and as businesses assess 2009 business performance.

 

[OKRonPaul]

As I understand it, once your benefits run out you fall out of the reported unemployed. So a side effect of the stimulus package BO was talking about, extending unemployment benefits would be that the numbers are more accurate, and larger.

 

[Otter Mii-kun]

...now there's talk of FED cutting interest rates YET AGAIN in order to "reduce unemployment". Just how will cheapening credit and weakening the dollar even more help anything or "get people back to work"? Just how will cheap credit "save poor, innocent families from foreclosure"? (another damn Fed/mainstream media/political excuse)

Just how could our unemployment be so high just because "interest rates were way too high?" If you have to take out a loan to make payroll you probably shouldn't even be in business!

 

[jclay2]

...now there's talk of FED cutting interest rates YET AGAIN in order to "reduce unemployment". Just how will cheapening credit and weakening the dollar even more help anything or "get people back to work"? Just how will cheap credit "save poor, innocent families from foreclosure"? (another damn Fed/mainstream media/political excuse)

Just how could our unemployment be so high just because "interest rates were way too high?" If you have to take out a loan to make payroll you probably shouldn't even be in business!

Don't you know, the Keynesians worship higher inflation. According to their idol, the Phillips Curve: Higher inflation leads to lower unemployment.