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we may need the 599 week program now
599 a week for 599 weeks.
Does that include a Verizon phone?
yes
Bah humbug.
It's transitory, caused by faulty seasonal adjustments.
Canada's numbers where also released. 95,000 jobs created in May. That's the equivalent of 900,000 jobs in the US economy.
I'm sure our CONSERVATIVE government and Prime Minister have nothing to do with it. Just luck really.
I'll take it...then work for cash...
does not include verizon phone, but does include an obama phone. Wait, they are ALL obama phones now.
We alllllll bundle!!!!!
The trend is your friend!!!
Wait, WTF??
We already have it. It is called disability.
Bingo!
Once the Unemployment 'runs out' whatcha gunna do?
It used to be that people would 'game' the system.
Now the 'system' is the game.
I don't know that little dip on the end looks to me like a green shoot.. http://tinyurl.com/n8hmfya
"We need da goverment to create more jobs and give people money ta go ta college!!!"
So dehs can all be computah pogramahs!
Nah, be a doctah.
Yo momma.
Y'all be playin' doctah wid me, bitch.
Na, dehs all gonna work for da NSA.
How does a sociologist get a job at the NSA?
http://www.zerohedge.com/news/2013-06-07/20-completely-ridiculous-colleg...
One can't help but wonder with the predicted shortage of doctors, major unemployment, rampant student loans and the government's undying need to solve problems that only they can create, how many "doctors"we will have in twenty years that never graduated high school.
More likely the only existing 'doctors' 20 years from now just started college today. Search 'Flexner report' from around 1910. Here is a starter: http://mises.org/daily/4276
I goin' to be a union doctah. Maebe I even be a doctah just for the union? Long I be a doctah doh. Bein a doctah be good.
Know what I sayin?
So far, on the way down, forward PE went from 11 to 15... at this rate, we should have a 26x PE when re-entering in the "cyclical" range. S&P 2,964... Logical.
Imagine what would happen to the Unemployment Rate if unemployment benefits were extended from 99 weeks to 198 weeks and the impact this would have on the workforce participation rate?
I was thinking we could just count the unemployed as employed while they are drawing UC benefits. They're drawing a paycheck after all. When those run out, obviously we just stop counting them, as we do already. Problem solved.
Think about how many hands touch that unemployment check. How many gubmint workers can hit Vegas because of that check.
remember pelosi called UE "stimulus" with a straight face(or was that botox?)
According to the Book of Nancy, many of these citizens may in fact be Artist or other such representatives of our fine culture. To not count them would be an insult to both social justice and the diversity that truly represents the greatest strength of 'our' people.
Dontcha know?
Has anyone told the Bernank that it wont be any easier for the unemployed, when food and fuel costs 2 or 3 times more.
Go printers go...
OTOH, today's "unemployment" may not be "unemployment" as measured in the 1950s and 1960s, before we were burdened with the unemployment insurance scheme, welfare, foodstamps, etc.
If you are out of work but NOT on the dole in some way, and are not collecting an unemployment check and not "registered" by government as "looking for work", you are EMPLOYED. "Duration of unemployment" is - now! - measured by how long you are on one of these programs, not on whether you are truly "unemployed"...
My sister has no job, gets welfare, food stamps and has a higher tax return at the end of the year than i do. If you add it all together her income is equal to or exceeds my take home pay working. Not to mention she's also thinking about applying for S.S.I due to a very bad car accident she was in 8 years ago. God it drives me freaking crazy that a person can work hard go to college and be outstaged by a welfare queen in the end.
Yeah, oh well but the important part is who does she vote for?
Seriously dude. Not those deranged 'teabaggers' I would hope?
And God (sorry) forbid fucking Libertarians...EEWW
Sorry dude. Lots of us have a similar story :( And when it is your own family members, crap.......
Hey! "unemployed" is not politically correct. We should refer to them as public labor surplus representatives on sabbatical.
IF you are collecting unemployment are will be, you are fouled...
http://armstrongeconomics.com/2013/06/07/unemployment-benefits-cut-part-...
So, one person is working 2 jobs it counts as 2 people working, correct? So, the double digit U-6 and labor participation rates are skewed even more! Almost every young adult I know is working 2 jobs.
How nice of them..True patriots. Fine young people like those who you know will become the very backbone of our 'new' america. Those young patriots able to afford to pay their fair share and contribute to the glorious new entitlement of obozocare.
The key is that these strapping young citizens do their part to insure the success of this vital program in transforming this nation from one in which the 'haves' have, to one in which..
Ah shit, never mind.
It ain't cyclical and it ain't structural. It will be perpetual and I'm not kidding.
bullish
could we measure that against the average public employee pension?
Doesnt mean a thing.... Try Median and reload...... the 99 weekers have it skewed.... It will come back down in direct proportion to the percentage of folks who can draw past 99 weeks.
Isn't that called the multiplier effect?
Our unemployment situation is structural and has been so since 2000. Very simply millions of jobs have moved to Asia since 1980. Millions of new "immigrants have come to the US and compete both at the low end and high end tech jobs. American universities have educated the best foreign students and many have returned to their countries and entered into competition with us.
For those of us who entered the workforce in the mid 1970s, what we have witnessed in the last 20 years is incomprehensible.
Willingly and through our political system, we have abandoned our high tech base and embraced low end service industries work. The majority today does not know what full employment is, much less full empl., with jobs that pay a living income for a family unit. How does one start a family, buy a home and raise children on $30k to $40K annual income?
The "frog has been boiled very slowly" and the majority are no longer capable of making rational political decisions that will turn our economic situation around. Most are in survival mode, unable to contemplate what their grandfathers and fathers had, but lost.
Society abhors pessimism and defeatism - as it should. But clearly the pure optimism that is gushing from this administration and the MSM is a false optimism, deprived of the depth of resolve to make things better. Economically - we are willingly killing ourselves.
That or we're simply being fucked?
Our first response is to always assign guilt to others when in reality it is ourselves that are most often the culprit. We gave our jobs away by buying foreign made goods. Nobody forced us, they just made it easy. Our politicians lied to us by telling us we could have cheap foreign goods AND good paying jobs. The work we were too good for, right? Now we are finding we are good for nothing but sitting in front of the TV and crying for more. More benefits and "rights" to affordable healthcare, housing and good paying jobs that demand nothing more from us than politically correct behavior. We know better and always have but like theft it becomes easier to rationalize when "everyone else is doing it".
Employment SUCKS.
We all know it, so anyone saying otherwise quit bullshitting.
With the open door immigration of illegals from Latin America and green card Muslims and others to provide cheap labor for the corporatocracy we need 600,000+ added in jobs to even think about "recovery".
A part of me wants this to blow up right now and then another part of me says maybe not just yet.
http://www.youtube.com/watch?v=StV9lElcvAY
what's the unemployment rate in Cairo, Baltimore, Philly?
Looks like it's just due to the weather.
38 years old. Expenses below $1900/month with one income to more than cover. Just quit my $50k/yr job today to go back to school which is all paid for in savings from labor. I wish to spend it on my education before it gets too expensive. 50/50 cash and PM's saved up and don't owe a swinging dick anything other than my mortgage. Fuck working for a wage while putting up with miserable asshole customers and bosses. I'm going to get the degree I always wanted and chase my dreams...1 stack at a time.
Sounds excellent except for the mortgage and degree parts. If you really want a degree I will photshop your name onto my diploma and I will pay you $50 to take it.
Move to Cuba or Venezuela and get a free education -and where you actually might learn something useful other than propaganda or how to scam people. Libya is no longer an option.
Maybe our plan is to destroy every country that offers their citizens free college education or health care -damned Communists.
Looks like a situated structured cyclic to me.
whatever the fuck that means. US assets are being transferred back into the hands of who granted them and are being re-invested where labor and taxes are more favorable. The equation used to accomplish this task leaves blue collar and telecommunication in 1st world nations FUCKED. and their money is what is spent on main street. it's a fucking design. they future is going to reflect is shift of investments and a NEW FUCKING WORLD ORDER so the middle class will be eliminated and a new one created because what else can be done if profit is the goal?
Feudalsim -it's the wave of the future. Accept it -the serfs are too dumbed down, drugged up and brain rotted from poisonous water, food and drugs to resist - Hitler once remarked privately that once he conquered Russia, the only education the Russian peasants needed to know was how to count to 25. Same plan here. There will be four classes -the .01% who control 35% of the wealth (the Oligarchs) the 2.99% who control 30% of the wealth (Oligarchs famiies, suboligarchs and outsders who weasel their way into the Club), an additional 11% who control 20% of the wealth, who are the administrators (lawyers, very bright executives and skilled people) who manage the serfs, act as high paid servants of the Ruling Class, and the remainder (80%) -the serfs and peasants who form the worker class - who get the remaining 15% and who get their daily dose of food, drugs, porn and other vices, as long as they are obedient, productive and who allow their wives, sons and daughters to be sexually exploited for the pleasure of their Masters. Those who resist will go to mental institutions, gulags, re-education camps, or privately owned prisons for use as slave labor - reisstance at any of these intitutions will result in a lobotomy or torture, or summary execution, as enemies of the State.