Kilmer17 Posted February 3, 2006 Share Posted February 3, 2006 For those interested, when Bush was elected to his first term, the unemployment rate was 7.1. http://www.foxnews.com/story/0,2933,183692,00.html Also, previous months were adjusted UP. Link to comment Share on other sites More sharing options...
zoony Posted February 3, 2006 Share Posted February 3, 2006 Someone tell Wall Street. :doh: I think the markets are very undervalued right now... and are poised to make a big jump over the next few years. It won't hold at 11k forever. Link to comment Share on other sites More sharing options...
Kilmer17 Posted February 3, 2006 Author Share Posted February 3, 2006 Im betting (literally) that the Dow is over 13 by the end of 06. Link to comment Share on other sites More sharing options...
Redskins Diehard Posted February 3, 2006 Share Posted February 3, 2006 They are all low paying, crappy jobs that nobody wants...of course that is what "they" are going to be posting here soon. Link to comment Share on other sites More sharing options...
endzone_dave Posted February 3, 2006 Share Posted February 3, 2006 Im betting (literally) that the Dow is over 13 by the end of 06. I think a lot of that will depend on gasoline prices this year. If gas prices go up a lot stocks like Home Depot and Walmart aren't going to do well and will keep the market down. Plus if interest rates climb, the Dow won't hit 13. Lot of good deals out there though. Intel's P.E. is around 15 right now. Almost hard to believe. Link to comment Share on other sites More sharing options...
The Evil Genius Posted February 3, 2006 Share Posted February 3, 2006 Please correct me if I am wrong - but hasn't the way people are counted as unemployed been changed? Link to comment Share on other sites More sharing options...
The Evil Genius Posted February 3, 2006 Share Posted February 3, 2006 For those interested, when Bush was elected to his first term, the unemployment rate was 7.1.http://www.foxnews.com/story/0,2933,183692,00.html Also, previous months were adjusted UP. Also, are you sure unemployment was 7.1% in 2000? Becuase the Bureau of Labor has it hovering around 4% in 2000. http://data.bls.gov/PDQ/graphics/LNS14000000_9367_1138990136648.gif Link to comment Share on other sites More sharing options...
Air Force Cane Posted February 3, 2006 Share Posted February 3, 2006 It's all Bush's Fault!!!! :notworthy Link to comment Share on other sites More sharing options...
Kilmer17 Posted February 3, 2006 Author Share Posted February 3, 2006 Also, are you sure unemployment was 7.1% in 2000? Becuase the Bureau of Labor has it hovering around 4% in 2000. damn, I should know better. No, I got these off of Democratic Underground. http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=102&topic_id=2083412&mesg_id=2084054 Also, according to the dept of labor, Im unemployed. As are thousands of farm workers who dont stay with the same farm for more than 3 months. So yes, they have changed that formula. Link to comment Share on other sites More sharing options...
smashmowf Posted February 3, 2006 Share Posted February 3, 2006 I wonder how many of these jobs are indirectly/directly related to several of the catastrophes that have occurred in this world the last 6 years.... Link to comment Share on other sites More sharing options...
The Evil Genius Posted February 3, 2006 Share Posted February 3, 2006 Whether its 7% or 4% or 20%, it doesn't matter when job pay doesn't at least stay even with inflation. Link to comment Share on other sites More sharing options...
Kilmer17 Posted February 3, 2006 Author Share Posted February 3, 2006 Average wage rose to as well. Over 16 bucks an hour. Link to comment Share on other sites More sharing options...
The Evil Genius Posted February 3, 2006 Share Posted February 3, 2006 Average wage rose to as well. Over 16 bucks an hour. But did it rise at a level to match or *gasp* even exceed inflation? Honestly, I haven't looked - but I tend to think historically that the answer will be a resounding no. I know my spending power has decreased due to large increase in gas (and as a result of that increase) an increase in consumer good prices (those companies passing on their costs due to increased fuel prices). Link to comment Share on other sites More sharing options...
SkinsHokieFan Posted February 3, 2006 Share Posted February 3, 2006 Yeah the average wage jumping is a big pain in the ass for me When I started my company a few years ago, I could get guys to work for 10 bucks an hour Now grunt workers are asking for 20 bucks an hour and foreman 30 bucks an hour, FOR PAINTING I thought they were bs'ng me at first, but a few mornings in front of a few different Duron stores told me otherwise Link to comment Share on other sites More sharing options...
DjTj Posted February 3, 2006 Share Posted February 3, 2006 Basically full employment in the United States ... and we wonder why there are so many immigrants coming into the country ... Link to comment Share on other sites More sharing options...
Destino Posted February 3, 2006 Share Posted February 3, 2006 Basically full employment in the United States ... and we wonder why there are so many immigrants coming into the country ... "Thur tekkin err jooooobs!" - If you've seen the south park episode with the people from the future you'll understand. Link to comment Share on other sites More sharing options...
The Evil Genius Posted February 3, 2006 Share Posted February 3, 2006 Just went to the yahoo frontpage and one of the top stories talks about what I was mentioning earlier. http://news.yahoo.com/s/csm/20060203/ts_csm/apocket Americans are working as hard as ever, but their paychecks aren't keeping pace with rising inflation. That means trouble for their pocketbooks - and for an economy that's fueled by their spending. and also mentioned is that the Consumer Price Index rose at a higher rate than job pay this past year. Link to comment Share on other sites More sharing options...
Predicto Posted February 3, 2006 Share Posted February 3, 2006 Ok, now I'm confused. Can anyone clarify please: 1) what the unemployment figure is now compared to what is was in 2000 (using the same method of calculation); 2) What real median wages have done in that period. Link to comment Share on other sites More sharing options...
gchwood Posted February 3, 2006 Share Posted February 3, 2006 Pay may not be keeping up, but no one is saving either and they are leveraging themselves into precarious financial positions. Reverse Mortgages and Interest onlys are allowing people, who shouldn't be able to afford certain homes, to purchaces them. Which in turn allows for more increase in cost of the houses. The people in the US live in much more space per person than anywhere else in the world. A report came out that we, as americans, average 600 square feet per person in our homes. Conversely people in Eastern Europe average 300 square fet per person and in Japan 100 square feet per person. We are raising our expected standards of living without getting better paying jobs. Link to comment Share on other sites More sharing options...
DarkLadyRaven Posted February 3, 2006 Share Posted February 3, 2006 How many are goverment jobs as compared to private sector ? Link to comment Share on other sites More sharing options...
Larry Posted February 3, 2006 Share Posted February 3, 2006 Also, are you sure unemployment was 7.1% in 2000? Becuase the Bureau of Labor has it hovering around 4% in 2000. http://data.bls.gov/PDQ/graphics/LNS14000000_9367_1138990136648.gif Link doesn't seem to work for me. But I do seem to remember unemployment was "low" when Clinton left. (Although I seem to remember that it was going up. For some time under Clinton, I kept hearing "economic experts" on the news shows saying that Wall Street was worried that unemployment was too low.) Link to comment Share on other sites More sharing options...
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