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Pale Rider
04-07-2008, 03:15 AM
Job Winners And Losers In Hard Times



By MARTIN CRUTSINGER, AP Economics Writer
12 minutes ago

WASHINGTON - Hospitals, schools and the assembly line at an airplane factory look like pretty good places to be with a recession looming and unemployment rising. Construction workers, real estate agents and auto workers aren't expected to fare as well.

The startling news that the economy lost 80,000 jobs last month and nearly a quarter-million over the last three months is the starkest signal yet that the country has probably fallen into a recession, with things on the job front expected to get worse.

"All the indicators suggest that we will see even larger job declines in coming months. Businesses are getting nervous and pulling back," said Mark Zandi, chief economist at Moody's Economy.com.

While the downturn is expected to be short and mild, economists are still forecasting the unemployment rate, which jumped to 5.1 percent in March, will climb much higher before the nation's job engine sputters back to life.

Economists are forecasting a jobless rate that will peak at around 6 percent, but probably not until early next year, several months after the recession is expected to end. Analysts said as many as 2 million people could lose their jobs in the current downturn.

Article continues here... (http://news.yahoo.com/s/ap/20080407/ap_on_bi_ge/recession_jobs;_ylt=Ah.mIswpG9ivBHT9C2_7fksE1vAI)

avatar4321
04-07-2008, 07:05 AM
amazing. 6% unemployment and everyone is freaking out when Europeans would kill for that rate.

Nukeman
04-07-2008, 07:08 AM
amazing. 6% unemployment and everyone is freaking out when Europeans would kill for that rate.

Especially when you consider that at any given time almost 3% don't want jobs anyway. So if you take that into consideration that means we have an actual unemployment of people that want to work of 3%. Not too bad if you ask me....

diuretic
04-07-2008, 07:09 AM
amazing. 6% unemployment and everyone is freaking out when Europeans would kill for that rate.

I'm sure the folks out of a job are happy about that.

Pale Rider
04-07-2008, 04:19 PM
I'm sure the folks out of a job are happy about that.

Can't please all the people all the time. Times have been a whole hell of a lot worse in this country in the past and people didn't bitch and complain a fraction as much. People today are soft, lazy, and expect more from their government now than in any other time in history. We're becoming a nation of fucking whiners and sissies.

red states rule
04-07-2008, 04:25 PM
Can't please all the people all the time. Times have been a whole hell of a lot worse in this country in the past and people didn't bitch and complain a fraction as much. People today are soft, lazy, and expect more from their government now than in any other time in history. We're becoming a nation of fucking whiners and sissies.

If you want to see what a real bad economy looks like - go back to the days of Jimmy "Peanut" Carter

A liberal President and a liberal Congress crippled in the economy

Double digit inflation

Double digit interest rates (mortgages going for 17%)

and near double digit unemployment

a top tax rate of 70%

gas lines around the block

westcoast
04-07-2008, 04:41 PM
amazing. 6% unemployment and everyone is freaking out when Europeans would kill for that rate.

And just how do the europeans take care of the unemployed?

red states rule
04-07-2008, 04:45 PM
And just how do the europeans take care of the unemployed?

Last year, the French rioted when they were told to work a 40 hour week

Hobbit
04-07-2008, 05:08 PM
Last year, the French rioted when they were told to work a 40 hour week

And the year before that, they rioted because a law was introduced that would allow you to fire someone under 27 years old in under 2 years without having them convicted of a felony.

red states rule
04-07-2008, 05:10 PM
And the year before that, they rioted because a law was introduced that would allow you to fire someone under 27 years old in under 2 years without having them convicted of a felony.

and people have to wonder why Europes ecojomy is having problems

manu1959
04-07-2008, 05:13 PM
And just how do the europeans take care of the unemployed?

well the french let them riot then hit them with water cannons and tear gas.....

red states rule
04-07-2008, 05:15 PM
well the french let them riot then hit them with water cannons and tear gas.....

and if that does not work, the Police surrender and run like hell from the area