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Posts Tagged ‘No jobs No Recovery’

The Job Market, in Charts

Posted by truthpills on 2009/10/16

October 12, 2009 , 1:59 pm
The Job Market, in Charts
By Catherine Rampell

You may have heard by now that the unemployment rate reached 9.8 percent in September. There are lots of other ways to gauge the health of the job market, however. Here are a few graphs that show how tough it is out there.

First we have a chart showing a breakdown of monthly job losses (or, in some cases, gains) by industry, from the Federal Reserve Bank of Atlanta:
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It Ain’t Over Until the Jobs Come Back — Period!

Posted by truthpills on 2009/07/27

Carl F. Worden
July 26, 2009

So I’m watching these talking heads on CNBC telling America that the signs of a recovery are there. They are lying and not just merely misled. They are flat lying, hoping some suckers out there will start making purchases to jump-start America’s consumer-driven engine, and to a small degree it is working. All I can tell you is this: When your money is spent, it is GONE, okay? If there is not a corresponding and reliable, ongoing source of income to offset your purchases, don’t make the purchases. Is there anyone, outside of Jackson County, Oregon, the stupidest county in all the Universe, that does not understand this concept? (Jackson County, Oregon has about 210,000 residents, and they maintain something like 13-15 library branches to keep a bunch of otherwise needless people employed on the taxpayers’ dime. The residents of Jackson County largely think this is a great idea, yet the population in general is terribly uneducated and has nothing to show for all the libraries. Yes, they really are intensely stupid here!)

Unless and until the U.S. Jobs Report begins to list positive job gains, this recession/depression is not over, and I don’t care what any alleged financial expert has to say otherwise.
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