| Sep 7 @ 8:54 AM |
Unemployment climbs to 5-year high of 6.1 percent!
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legacy1
Posts: 516
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WOW! 
[QUOTE]Unemployment climbs to 5-year high of 6.1 percent By JEANNINE AVERSA, AP Economics Writer
Fri Sep 5, 6:04 PM ET
WASHINGTON - The nation's unemployment rate bolted above the psychologically important 6 percent level last month for the first time in five years — and it's likely to go even higher in the months ahead, possibly throwing the economy into a tailspin as Americans pick a new president.
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A blizzard of pink slips propelled the jobless rate from 5.7 percent in July to 6.1 percent in August, the Labor Department reported Friday. Such a sharp increase is usually a strong recession warning, and it dashed investors' hopes for a late-year recovery.
Worried about the economy and their own business prospects, employers cut payrolls by 84,000 in August, marking the eighth straight month of losses.
So far this year, a staggering 605,000 jobs have vanished — slightly less than the population of Alaska. The economy needs to generate more than 100,000 new jobs a month for employment to remain stable.
Richard Yamarone, economist at Argus Research, feared that the jobless rate would cause consumers and businesses to "move from a moderately concerned stage to outright fear" and reduce their spending even more.
A toxic trio of housing, credit and financial problems has badly shaken the economy, and the crisis shows no signs of letting up. It's the public's top worry, and many experts believe the situation will get worse before it gets better.
The unemployment increase means many companies will feel pressure to reduce their business investments — either in capital projects or hiring — for the rest of the year.
"Mix business caution with consumer exhaustion and you have a recipe for a real recession," said Terry Connelly, dean of Golden Gate University's Ageno School of Business.
At an unemployment center in St. Louis, Kimbel Adams could recite the exact date he was let go from his job as a hospital security guard — April 8. Since then, he has applied for 10 or 15 jobs, with little luck.
"Most of the jobs you can get, it's hard to make a living off. I could always work at a fast food restaurant and struggle to pay the bills," Adams said.
Adams, 27, said unemployment checks and irregular gigs as a nightclub bouncer help make ends meet. But eating at restaurants is a thing of the past, and Adams continues to drive a 1991 Buick in spite of the constant maintenance problems.
The number of unemployed rose to 9.4 million in August, compared with 7.1 million a year ago. Economists predict more job losses ahead, pushing the unemployment rate to 7 percent by fall of 2009, according to some projections.
Against this backdrop, a growing number of analysts predict the economy will jolt into reverse in the final three months of this year and possibly in the first three months of next year, meeting a classic definition of a recession.
The economy shrank late last year and barely budged at the start of this year. Growth picked up in the spring, thanks to brisk exports and the government's tax rebates, which energized shoppers at home. But that rebound wasn't expected to last.
Slower growth overseas will probably cause exports to fall off just as Americans are cutting their spending and the benefits of the rebates disappear.
Job losses were widespread at factories — especially housing-related manufacturers and automakers — as well as construction companies, retailers, mortgage brokers, real-estate firms, hotels and motels, and temporary-help firms, which are looked at as a barometer of demand for future hiring.
Those losses swamped employment gains in government, education, health care and elsewhere.
After the last recession, in 2001, the unemployment rate rose as high as 6.3 percent in June 2003.
By historical standards, the country is far from the employment carnage seen more than two decades ago, when unemployment climbed above 10 percent during President Reagan's first term in the early 1980s.
Still, some groups are being hit harder than others. The jobless rate for blacks jumped to 10.6 percent last month, the highest since late 2005. And, the unemployment rate for Hispanics rose to 8 percent, a five-year high.
The grim report prompted Capitol Hill Democrats to renew their push for a second stimulus package. The Bush administration and other Republicans have been cool to the idea.
Presidential candidates Barack Obama and John McCain seized on the job figures to attack each other's proposals to turn the economy around.
"The working men and women I meet every day are working harder for less," Obama said. He advocates tax cuts for working families and investment in road, bridges and other projects to lift the economy.
McCain vowed to "fight for those that lost their jobs, savings and real-estate investments." He said tax reductions for people and businesses, job training and measures to promote trade will help ease the economic woes.
The latest employment snapshot was worse than economists were forecasting. They were expecting payrolls to drop by around 75,000 in August and the jobless rate to tick up a notch, to 5.8 percent.
The White House was disappointed, too.
"There is no question that the labor market is not as strong as we'd like," said press secretary Dana Perino. "We want to see the economy return to job growth, and we understand that this is a difficult time for many Americans.
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| Sep 7 @ 2:52 PM |
Unemployment climbs to 5-year high of 6.1 percent! |
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lefthandedluckie
Posts: 5,075
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And now, this....government tax dollars we don't have at work
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| Sep 7 @ 11:13 PM |
Unemployment climbs to 5-year high of 6.1 percent!
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Paralegal_at_Law
Posts: 5,068
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Looks like the war in Iraq is winding down and we are missing out on some vital and essential war industries employment.
The good news? Iran's day is coming.
How many minutes till showtime, Mr. President?
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| Sep 7 @ 11:20 PM |
Unemployment climbs to 5-year high of 6.1 percent! |
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KatiefromStafford
Posts: 2,254
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| Sep 8 @ 12:18 AM |
Unemployment climbs to 5-year high of 6.1 percent!
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nah12
Posts: 3,973
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A little more truth to the stats ....
Current Unemployment Rates for States and Historical Highs/Lows
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| Sep 8 @ 1:10 AM |
Unemployment climbs to 5-year high of 6.1 percent! |
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Novalite
Posts: 3,092
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6.1% 
Canada is at 6.2 and I could find a job in a field I have no experience at tomorrow for $50,000 a year. It's what you are willing to do to earn a living. Of course, that's unskilled, if you know how to crank a wrench or drive equipment it doubles.
If mommie won't let you leave home then better get good at flipping burgers. If she wants the big bucks then let her be prepared to have you gone for three weeks of the month.
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| Sep 8 @ 1:11 AM |
Unemployment climbs to 5-year high of 6.1 percent!
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KatiefromStafford
Posts: 2,254
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Hey, Nova, what do you have to do for $50,000 a year?
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| Sep 8 @ 1:15 AM |
Unemployment climbs to 5-year high of 6.1 percent! |
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Angel54214
Posts: 14,054
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Hey, Nova, what do you have to do for $50,000 a year?
Work...  Hard... 
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| Sep 8 @ 1:18 AM |
Unemployment climbs to 5-year high of 6.1 percent!
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Novalite
Posts: 3,092
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Hey, Nova, what do you have to do for $50,000 a year?
Work hard, put up with bad weather, be away from home. Be with good people, get free food, learn skills, build a future.
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| Sep 8 @ 1:22 AM |
Unemployment climbs to 5-year high of 6.1 percent! |
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Angel54214
Posts: 14,054
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...and don't call in sick
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| Sep 8 @ 1:25 AM |
Unemployment climbs to 5-year high of 6.1 percent!
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Novalite
Posts: 3,092
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cause everybody knows you were drunk with them the night before.
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| Sep 8 @ 1:25 AM |
Unemployment climbs to 5-year high of 6.1 percent! |
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KatiefromStafford
Posts: 2,254
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I rarely ever call in sick. I don't get paid that much for a IT job. 
Which consists of being in an a/c office for 12 hours a night on the weekend.
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| Sep 8 @ 2:20 AM |
Unemployment climbs to 5-year high of 6.1 percent!
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Angel54214
Posts: 14,054
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cause everybody knows you were drunk with them the night before. and left the 5 kids in the car 
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| Sep 8 @ 4:52 AM |
Unemployment climbs to 5-year high of 6.1 percent! |
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Nightowl001
Posts: 4,134
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Yeah, sure. There are $50K per year jobs just laying around for anybody willing to work, all without a degree. No wonder we're being innundated by illegal immigration! That's higher than the avearge household income anywhere in the world. Why... well, hell.. it's even higher than the average household income in the United States!
I'll see your lie and raise you three whoppers!
1. You can make millions in real-estate with nothing down!
2. You can have your own home business working, working as much or you want, or as little as you want, and buy that second home!
3. This administration understands there are people out here hurting because of this economy!
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| Sep 8 @ 1:12 PM |
Unemployment climbs to 5-year high of 6.1 percent!
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Novalite
Posts: 3,092
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NO I'll see your lie and raise you three whoppers!
Ok, here's one. Call this number and tell them you are between 25 - 45, fit, drug free and ready to work for them. Phone: 780-955-2381.
It starts at $25 per hour, twelve hours a day (overtime after 8) for two weeks in one week out, with a $175 tax free subsidy that means buy your own food and pay your own hotel (most guys team up in a room so that actually gives you a bonus of $75 per day.0 Sign outside their offices in Nisku Alberta says 'Now hiring all field positions' If you don't like Nabors, perhaps you might like any of hundreds of companies here in Alberta that do the exact same thing. They're all hiring.
And I do have to apologize, that brings the pay up to nearly $100K. I'll have a look around for some lower paying jobs such as Concord Oilfield Resourses who have such a high turnover that they will hire anybody who can walk for $10 an hour and sixteen hours a day with a $35 per day sub (including hotel room) if you are unable to find a job there NO. That's a $60 per year job providing you don't get a raise and you can stick it out.
Let me know how you fared out. 
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| Sep 8 @ 1:59 PM |
Unemployment climbs to 5-year high of 6.1 percent! |
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Nightowl001
Posts: 4,134
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I could find a job in a field I have no experience at tomorrow for $50,000 a year. tell them you are between 25 - 45, fit, Gee, Nova. Unless you're lying in your profile, or if your profile is right, unless you lie to them, you can't get that job. Your profie says you're 52.
And guess what, dickhead. For health reasons, NO, I can't apply to those places, even if I was still young enough. The same reasons the military and the police and a few other organizations and companies turned down my applications right here in the US when I was in my late teens and early 20s.
But I know how it is in your imaginary little world. Everyone is hale and healthy and capable of working 16 hours a day throwing chain. And it doesn't matter that those jobs pay that much because of the extreme and dangerous working conditions. (By the way, OSHA here in the states has outlawed the practice of throwing chain on pipe.) Here are some injury statistics for ya: Oil and Gas Industry Injury statistics
And here's part of a speech by your own Ken Georgetti, from April 28, 2008, the National Day of Mourning:
Good morning, Sisters and Brothers.
On behalf of my fellow Officers and the more than 3.2 million Canadian workers whose unions come together through the Canadian Labour Congress, I bring you greetings on this very special occasion. And I want to say to you all – thank you for taking the time to come here today. Thank you for taking the time to remember the friends and the colleagues whose lives were forever changed or whose lives came to an end on... that day they went to work.
Thank you for coming here to show your support and your solidarity with those who have lost friends and family.
Canada, believe it or not, is one of the most dangerous places in the world to work. Since the start of this century, more than 7,500 men and women were killed because they went to work and never came home again. That’s nearly 1,000 people every year. With a five-day workweek, that three, sometimes four people die every day because of something that happened at work. Whether that something was an injury, an attack, a poisoning or a disease caused by a lack of protection from workplace pollutants – the result is the same.
I say that Canada is one of the most dangerous places in the world to work because Canada is one of the few countries where the number of workplace deaths has been allowed to grow.
For some odd reason, most people really don't want to risk their lives for a job making money for somebody else. And if that risk wasn't there, believe me, the oil companies wouldn't be paying that much for help. So, rather than"All you have to do is be willing to work hard!" you should have said, "You have to be willing to spend 2 weeks at a time away from your family, in miserable, cold, dangerous working conditions, and you have to be willing chance that today is not the day YOU are permanently cripped or killed."
[Edited on 9/8/2008 2:16 PM]
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| Sep 8 @ 2:37 PM |
Unemployment climbs to 5-year high of 6.1 percent!
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Novalite
Posts: 3,092
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NO Gee, Nova. Unless you're lying in your profile, or if your profile is right, unless you lie to them, you can't get that job. Your profie says you're 52.
Well gee NO, I have experience in a lot of things and am 52 and could work at any of those companies starting at over a hundred a year. We were talking asbout people with absolutely NO experience, about a person who doesn't know jack shit. If you're 52 and don't know jack shit then God himself couldn't help you find a half decent job. Now, if you are 52, then surely to goodness you have done something that you could put on a resume such as operate a shovel or jackhammer or whatever. Call them up and tell them you are 52 and have done construction and can operate the equipment that any 52 year old should be able to operate if he has any experience at all. Then it opens the field up enormously. Try South rock If you are determined to tell them that you are an idiot and have never done anything in your life and are in your fifties then sorry, I can't help. They wouldn't hire you simply because you smell like a lazy rat who is looking to simply punch his ticket to get on unemployment
NO
And guess what, dickhead. For health reasons, NO, I can't apply to those places, even if I was still young enough. The same reasons the military and the police and a few other organizations and companies turned down my applications right here in the US when I was in my late teens and early 20s.
Ya, you're a frickin loser you pompus lazy f*ck, I hope your your negativity and wimp excuses don't infect new generations of people otherwise your country's headed for the toilet. As for yourself, I guess that you had better get used to being on the soup line or on some program. But to say there are no jobs is bogus as any healthy motivated kid can, like I said, if they have a shmick and are reasonably fit like most people, then they can find work easy.
NOBut I know how it is in your imaginary little world. Everyone is hale and healthy and capable of working 16 hours a day throwing chain.
Not my imaginary little world Nightowl. It the world I live in and make over a hundred fifty grand a year at. If you fill your life with excuses then, you'll always have one at a moments notice. You seem to be very adept at putting blocks in the way of success saying there are no jobs that pay inexperienced people great wages then finding reasons why those jobs are above and beyond mortal man. Fact is, millions of people make a dammed good living at those jobs and, they are non descrimatory and open to all races, creeds, ages and religions. Just because you don;'t like to work doesn't mean they don't exist.
NOAnd it doesn't matter that those jobs pay that much because of the extreme and dangerous working conditions. (By the way, OSHA here in the states has outlawed the practice of throwing chain on pipe.) Here's part of a speech by your own Ken Georgetti, from April 28, 2008, the National Day of Mourning:
'Too hard' 'too dangerous' too cold' too wet' too long away' I know your type so well. You guys have allowed me to make so much money as it forced employers to up wages to get better people than you and your kind.
NOFor some odd reason, most people really don't want to risk their lives for a job making money for somebody else. And if that risk wasn't there, believe me, the oil companies wouldn't be paying that much for help. So, rather than"All you have to do is be willing to work hard!" you should have said, "You have to be willing to spend 2 weeks at a time away from your family, in miserable, cold, dangerous working conditions, and you have to be willing chance that today is not the day YOU are permanently cripped or killed."
I did say the conditions were hard NO. As for making money for somebody else thats typical socialist bullshit. All companies have to make money in order to make it profitable enough to be in business. What planet do you come from that this would not apply in all cases? So, you put up with things to make more money or, sit around at home for minimum wage flipping burgers and complain about not having enough money. You know, after discussing this with you and seeing your anger at a working man who works hard, puts up with so much and has gotten somewhere, I can see why you are having your financial problems, and, why you resent me so much.
Anyhow NO, you had better get used to flipping burgers and shut up about how there is no good jobs out there and so on and forth. You're a typical socialist expecting the state to take care of his lazy ass.
[Edited on 9/8/2008 2:52 PM]
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| Sep 8 @ 3:01 PM |
Unemployment climbs to 5-year high of 6.1 percent! |
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Novalite
Posts: 3,092
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Now, that aside, in order to please Nightowl, here is a nice safe job that anybody who has a license to drive a body job can work at. This license is easy to get, probably costs about $1500 to get and, with it, you can haul concrete which is fairly low impact (heck, even girls can do it). In Alberta, working in a city, you can make $80K plus a year doing this.
That's right! Working in a city, living at home, there every night with mommie. All you have to do is work hard. God forbid though Nightowl, there is overtime involved (shudders).
Call LPR, Burnco, Lafarge, Tanas among some of them. While you are at it, call the South Rock link in the above post as you would now be well above basic laborer rate with them.
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| Sep 8 @ 3:16 PM |
Unemployment climbs to 5-year high of 6.1 percent!
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horizon000
Posts: 939
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I agree with Novalite. There is work out there if you want it. The average wage in Au is about $55 000 pa and there are bulk jobs in the mining industry here that earn $90 000 pa plus. Sh#t work but good dollars.
Unemployment here is at about 4.3% and immigrants from Asia are required to fill the void for people who don't want to do the "Demeanial" jobs. Skilled workers can just about ask thier own price...
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| Sep 8 @ 3:17 PM |
Unemployment climbs to 5-year high of 6.1 percent! |
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nah12
Posts: 3,973
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I rarely ever call in sick. I don't get paid that much for a IT job.
Do you think what you do in your job should pay that much ?
We were talking asbout people with absolutely NO experience, about a person who doesn't know jack shit. If you're 52 and don't know jack shit then God himself couldn't help you find a half decent job. Now, if you are 52, then surely to goodness you have done something that you could put on a resume
Amen Nova .....
Besides remember most want a position not a job they actually have to know anything about muchless do any work!
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