Re: More Bad News On The Jobs Front

From: Gunner (gunnerNOSPAM_at_lightspeed.net)
Date: 02/10/05 

Date: Thu, 10 Feb 2005 02:46:43 GMT

On Thu, 10 Feb 2005 01:07:47 GMT, Graphic Queen <xxx@xxx.com> wrote:

>On Wed, 09 Feb 2005 17:30:07 -0500, Tiny Human Ferret
><ixnayamspay_klaatu@earthops.net> wrote:
>
>>Gunner wrote:
>>> On Wed, 09 Feb 2005 07:21:37 -0500, Strider <strider@NOSPAMusit.net>
>>> wrote:
>>>
>>>
>>>>On Wed, 09 Feb 2005 04:03:41 GMT, Gunner <gunnerNOSPAM@lightspeed.net>
>>>>wrote:
>>>>
>>>>
>>>>>On Wed, 09 Feb 2005 01:15:18 GMT, Moderate Mammal
>>>>><BunnERabbit@verizon.hutch.net> wrote:
>>>>>
>>>>>
>>>>>>http://www.vdare.com/roberts/050207_dollar.htm
>>>>>>
>>>>>>
>>>>>>February 07, 2005
>>>>>>
>>>>>>More Bad News On The Jobs Front
>>>>>>By Paul Craig Roberts
>>>>>
>>>>>Oddly enough...that doesnt appear to be the case.
>>>>>
>>>>>http://www.epinet.org/content.cfm/webfeatures_econindicators_jobspict_20050107
>>>>>
>>>>>Employment growing, but labor slack remains
>>>>>
>>>>>The nation’s payrolls increased by 146,000 last month, and the
>>>>>unemployment rate fell to 5.2%, its lowest level since September 2001,
>>>>>according to today’s report from the Bureau of Labor Statistics.
>>>>>
>>>>>The decline in the unemployment rate was, however, due to a fall in
>>>>>the labor force participation rate (LFPR) from 66.0% to 65.8%, the
>>>>>lowest LFPR since May 1988 and 1.5 percentage points below its most
>>>>>recent peak in April 2000.
>>>>>
>>>>>Given today’s adult population, this translates into 3.4 million fewer
>>>>>persons in the job market. Since only active jobseekers are counted
>>>>>in the official unemployment rate, this long slide in the LFPR has
>>>>>artificially depressed the jobless rate, which would be higher if some
>>>>>of those who left the job market were actively looking for work.
>>>>>
>>>>>As of last month, payroll levels have finally surpassed their
>>>>>pre-recession peak. In February 2001—the month before the recession
>>>>>was declared to have begun—payrolls stood at 132,546,000. Thanks in
>>>>>part to revisions which added 161,000 to the December job count,
>>>>>payrolls stood at 132,573,000 last month, 27,000 jobs above the last
>>>>>peak. (Note, however, that this is due to the growth of government
>>>>>employment; private sector employment remains 703,000 jobs below its
>>>>>pre-recession level).
>>>>>
>>>>>As shown in the chart, this is the longest slump of this sort on
>>>>>record. On average, it has taken 21 months to surpass the prior
>>>>>employment peak after a recession. In this case it took 46 months.*
>>>>>As the chart reveals, the employment peak of the early 1990s jobless
>>>>>recovery was regained in 31 months, more than a year sooner compared
>>>>>to the current case.
>>>>>
>>>>>
>>>>>http://www.bls.gov/news.release/empsit.nr0.htm
>>>>>
>>>>>Gunner
>>>>
>>>>I wonder how billions of dollars in computer equipment and tech
>>>>support due to the Y2K upgrades influenced the "Clinton boom" of the
>>>>'90's. After all, it was the tech sector that flopped after 1/1/2000.
>>>>
>>>>Strider
>>>
>>>
>>> Excellent question. Indeed
>>
>>That is such a stupid question I have to wonder if you guys have got Mad
>>Cow Disease and it's eaten holes in your brains.
>
>if you are asking about Gunner, yes he has very little brain and
>proves it with his posts. I kill filed him again along with his sister
>Sue.-

Which is no more and no less than the febrile tantrums of a retarded
child when confronted with his intellectual superiors.

Gunner

>>
>>The Tech Sector flopped because of the unrealistic expectations of
>>investors.
>>
>>The Tech Sector boom during the Clinton Years was because of the massive
>> amounts of cash plowed into Everything InterNet, especially the
>>hardware such as routers, switches, hubs, and especially harddrives.
>>Hell, look at the amount of city infrastructure dug up, nationwide, for
>>fiber. There's fiber all over the damn place now. All that it needs is
>>for someone to light it and modulate the light. Just think of the amount
>>of money paid out just to lay the fiber and you get some idea of the
>>fallout and trickle-down effects. Of course, the fiber was grossly
>>oversupplied and people are still licking their investment wounds form
>>thinking they were investing in a cornered market when actually they
>>overpaid to be part of an oversupply.
>>
>>You guys ought to start checking your facts before you start trotting
>>out Bizarre Conspiracy Theories.

Rule #35
"That which does not kill you,
 has made a huge tactical error"