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Politics Do Not Pass/Pass With Care. Today's truckers are far more educated and cognizant of the issues regarding politics due to the sharp increase in talk radio, and various trucking news media sources. Talk politics. Do truckers like politicians?

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Old 01.04.2008
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Jobless rate rises to 5 percent

Jobless rate rises to 5 percent


WASHINGTON - Hiring practically stalled in December, driving the nation’s unemployment rate up to a two-year high of 5 percent and fanning fears of a recession.
Employers last month added the fewest new jobs to their payrolls in more than four years, according to the employment report released Friday by the Labor Department. The report showed that employment conditions are deteriorating, strained by a housing slump and credit crunch that are sapping economic strength.
“The economy is getting hit by some body blows. The big question is whether the economy can withstand it or will it take a fall,” said Ken Mayland, president of ClearView Economics.

The unemployment rate jumped from 4.7 percent in November to 5 percent in December, the highest since November 2005 after the Gulf Coast hurricanes dealt the country a mighty blow. Payrolls — both private employers and government — grew by just 18,000 last month, the worst showing since August 2003, when the economy suffered job losses as it struggled to recover from the 2001 recession.
The December employment picture was much weaker than economists were expecting. They were forecasting the unemployment rate to bump up to 4.8 percent and for employers to add around 70,000 jobs to their payrolls.

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  ^ Top   #2  
Old 01.04.2008
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I'd like to see the real numbers...there are a lot of people who aren't counted because they aren't on the roles...they've used up the unemployment or don't qualify for one reason or another..then there are the 'underemployed' those that work temp jobs until they find something perm. I doubt they are counted either..it would be interesting to know the numbers...is there somewhere that information is available?

KJ
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Old 01.04.2008
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5.0% still is below average, what's your point?
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Old 01.04.2008
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I thought I made my point or are you asking Hardman? Most figures come from those that file for unemployment benefits...are their figures kept on the rest?
There must be...I'll find them..thanks for the visual.

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Old 01.04.2008
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Quote:
Originally Posted by Kalamity Jane View Post
I thought I made my point or are you asking Hardman? Most figures come from those that file for unemployment benefits...are their figures kept on the rest?
There must be...I'll find them..thanks for the visual. KJ
KJ, Ronno, just don't get the point. Though the stats show 5%, the true number of unemployed could be as mush as 15%. But with only the people who are recieving benefits are counted.

You'd think he'd know that.
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Old 01.04.2008
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double post.........please delete.
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Old 01.04.2008
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Originally Posted by hrdman2luv View Post
KJ, Ronno, just don't get the point. Though the stats show 5%, the true number of unemployed could be as mush as 15%. But with only the people who are recieving benefits are counted.

You'd think he'd know that.
We don't count people in prison either. What would the rate be then?
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Old 01.04.2008
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Good on Ronno....lmao ah, but what's your point?

KJ
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Old 01.04.2008
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The point is that the unemployment number only shows a certain segment. It showed it under Clinton, Nixon, everybody.

To try and skew the number now only because Bush is in office is a dishonest argument.
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Old 01.04.2008
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Originally Posted by Ronnocomot View Post
The point is that the unemployment number only shows a certain segment. It showed it under Clinton, Nixon, everybody.

To try and skew the number now only because Bush is in office is a dishonest argument.
Well I've always wanted the 'real' numbers..it hasn't mattered to me under who's presidency they are given...I'm interested in how my country is fairing..the REAL numbers...not the 'feel good' ones...

KJ
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