Jobs report

#76
#76
FLVOL_79 said:
Oh yeah burgarista hiring is on the up tick during the summer! Yeah buooooooooy!
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I'm struggling with this. When do job increases count?

Q4 is blamed on holiday hiring
Q2 increases are apparently a result of summer jobs.

So do only q1 and q3 jobs count?
 
#78
#78
Vol8188 said:
I'm struggling with this. When do job increases count?

Q4 is blamed on holiday hiring
Q2 increases are apparently a result of summer jobs.

So do only q1 and q3 jobs count?
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IF you want to factor out seasonal work then yeah. They always count to me but just looking at the numbers is not the way to go. The Bureau of Labor usually has more detailed reports. When you see the service industry buffing up..its meh.
 
#80
#80
FLVOL_79 said:
IF you want to factor out seasonal work then yeah. They always count to me but just looking at the numbers is not the way to go. The Bureau of Labor usually has more detailed reports. When you see the service industry buffing up..its meh.
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I wish there were more manufacturing jobs as well but you are dreaming if you don't think we are now almost totally a service industry nation.
 
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#82
#82
lawgator1 said:
I wish there were more manufacturing jobs as well but you are dreaming if you don't think we are now almost totally a service industry nation.
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Oh I know it. The manufacturing jobs of the past are long, long gone. Service industry jobs that will pay decent money are going to be medical/technical type stuff.
 
#83
#83
Orange_Crush said:
The good news is that the manufacture of manufactured homes is up!
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Aint nothing better than that new glue smell of a new manufactured home and the hallucinations that come with it. I like to pretend it's cuz I'm just so damned happy!

Oh look a purple Unicorn!
 
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#85
#85
This will make most here happy. I work for the gubmint and havent had a raise since Obama took office! (Well until October).
 
#88
#88
Sandvol said:
No I think you're wrong. I think it is a last gasp. How this will play out is when the conservatives win the election or before the markets will realize the party is over. But the Republicans will get blamed for the down turn and not 100 years of progressivism and entitlements that ended in this massive debt bubble. This will be the mother of all down turns. Sorry to rain on your parade.

P.S.-But as I said earlier this defect or need for security that causes us to walk off the cliff like lemmings is in all of us-conservatives and liberals alike. Republicans have been guilty of profligate spending also just not as egregious as Democrats. The entitlement (need for security) has done us in.
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Sandvol said:
Just one more preaching segment I promise. This debt bubble is much much larger than the one in 1929. Therefore the coming deflation or contraction of this debt bubble should be substantially more severe than the one in 1929. I know some of you will say well its a modern economy. And, what happened in 1929 can't happen now. I will tell you nothing has changed or different than what occurred in the past and man is destined to continually repeat the same mistakes and act according to his nature. And, the same thing will happen now that happen before like the Roman Empire fell on its own weight, or the Mayan Civilization, or Babylon or China. How long did it take China to recover from the civilization that built the Great Wall? Nothing under the Sun can stop it. It's our nature. Preaching over.
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So when is this going to happen? I don't mean the exact day or even the exact week. But plus or minus a month, when is this cataclysm due to descend upon us?
 
#89
#89
lawgator1 said:
I wish there were more manufacturing jobs as well but you are dreaming if you don't think we are now almost totally a service industry nation.
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That has to change. We must have a robust manufacturing industry. Without it you'll perpetually high unemployment and low wages. That's it. Unfortunately, the lawyers running this country (60 in the Senate I believe) make us uncompetitive with rules, regulations, and a horribly burdensome tax code -- a problem your favorite boss would like to compound.
 
#90
#90
Danl said:
So when is this going to happen? I don't mean the exact day or even the exact week. But plus or minus a month, when is this cataclysm due to descend upon us?
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Never mind him. He probably read an article on the interwebz and took it as the gospel.
 
#91
#91
GoBigOrangeUT said:
Never mind him. He probably read an article on the interwebz and took it as the gospel.
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You're right. It just cracks me up. These gloom and doomers constantly forecast horrible things are going to happen to the market or economy. When it doesn't happen for many months or years, it doesn't effect them at all. Then, years later, when the market/economy cycles down (as it eventually always does) they scream "See!!!! I told you so!!!! Pretty comical.
 
#92
#92
Danl said:
You're right. It just cracks me up. These gloom and doomers constantly forecast horrible things are going to happen to the market or economy. When it doesn't happen for many months or years, it doesn't effect them at all. Then, years later, when the market/economy cycles down (as it eventually always does) they scream "See!!!! I told you so!!!! Pretty comical.
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America suffered several depressions that we know of between 1720 and about 1770, another set of depressions between 1837 and 1860, and another between 1929 and 1932. These depressions usually precipitated a war either internally or externally with the first being the Revolutionary War, the second being the Civil War, and third being the Second World War. To think that this time its different is idiocy and ignoring history.
 
#93
#93
Sandvol said:
America suffered several depressions that we know of between 1720 and about 1770, another set of depressions between 1837 and 1860, and another between 1929 and 1932. These depressions usually precipitated a war either internally or externally with the first being the Revolutionary War, the second being the Civil War, and third being the Second World War. To think that this time its different is idiocy and ignoring history.
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War is one of the best ways to kick your economy back in gear.
 
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#95
#95
CNCVol88 said:
War is one of the best ways to kick your economy back in gear.
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People think it for the wrong reasons though. The Keynesians believe WWII pulled us out of the Great Depression because of the wartime spending. It was because all of our economic competition was wiped out.
 
#97
#97
Danl said:
You're right. It just cracks me up. These gloom and doomers constantly forecast horrible things are going to happen to the market or economy. When it doesn't happen for many months or years, it doesn't effect them at all. Then, years later, when the market/economy cycles down (as it eventually always does) they scream "See!!!! I told you so!!!! Pretty comical.
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Why is it comical? Pinpointing the bursting of a bubble is impossible, but for those of us who understand economics, we know it will happen eventually. The government will always fail when they try to defy the laws of economics. It's just like trying to defy the laws of physics: it doesn't work.

More importantly, the recession wasn't part of any business cycle or flaw in capitalism. It was the direct result of government meddling in the free market (socialism) and horrible monetary policy. The housing bubble took 7 years to burst.
 
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#98
#98
Danl said:
You're right. It just cracks me up. These gloom and doomers constantly forecast horrible things are going to happen to the market or economy. When it doesn't happen for many months or years, it doesn't effect them at all. Then, years later, when the market/economy cycles down (as it eventually always does) they scream "See!!!! I told you so!!!! Pretty comical.
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I see it like a massively obese person.

You see some 370lb man sitting at the buffett working on his 5th plate and you can't give an exact date when his body is just going to quit on him. But you can see the signs and know it's coming. Probably sooner rather than later.

The US only has two options I see regarding it's debt. Hyperinflation or default. The US paid 415 billion in interest alone on the debt last fiscal year. That number will easily double if not triple when the interest rates aren't held at zero by the Fed.

Government - Interest Expense on the Debt Outstanding
 
#99
#99
Gannon Goodson said:
Why is it comical? Pinpointing the bursting of a bubble is impossible, but for those of us who understand economics, we know it will happen eventually. The government will always fail when they try to defy the laws of economics. It's just like trying to defy the laws of physics: it doesn't work.

More importantly, the recession wasn't part of any business cycle or flaw in capitalism. It was the direct result of government meddling in the free market (socialism) and horrible monetary policy. The housing bubble took 7 years to burst.
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Bubbles occur with or without the governments help.
 
#100
#100
Vol8188 said:
Bubbles occur with or without the governments help.
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No, they don't. Look at the housing bubble. Free market capitalism rejected sub-prime. That's why the government had to step in and start guaranteeing loans after threatening the banks.

Bubbles happen with two factors: 1) reckless monetary policy and 2) market distortion created by government intervention.
 
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