U.S. Unemployment Rate Hits 10.2%, Highest in 26 Years

[texas1willy2]

Most of that money isn't going to be spent until the mid-term election, they just pulled off the largest campaign donation ever.

[ElKarlo]

Originally Posted by SleepyBoy

exactly.

Im a recruiter and i can tell you exactly what jobs are out there.

Now if you're high skill like a doctor or engineer you'll pretty much always have a job because there aren't many people who can do that type of work.

But for the middle class, we're fucked.

The only sectors that are going to have growth are debt servicing, private security/prisons, and medical.

There are plenty of jobs out there for collectors, bankruptcy specialist, REO coordinators, and Loss mitigation specialist.

The prison economy is going to be booming. Expect crime to go up, and if it doesn't they'll just invent new crimes to enforce.

But the biggest boom in jobs in the future with out a doubt will be in the nursing/medical industry.
This will be due to two things, All of the baby boomers are getting old now, becoming senior citizens and the growing cancer epidemic.

Trust me the cancer epidemic is going to get a lot worse. You see now kids getting cancer is almost normal, this shit was very rare just 20-25 years ago, now there are so many kids and young adults with cancer.

We are completely unprepared for any of our challenges that face us.

Though what you say is disturbing, it is unsurprising. I really can not think of how most sectors would be adding jobs. I mean there is no real new technology coming to the foreground that would create any meaningful job growth.

My older bro is a doc, and he is just praying that he gets his job before the Obama HC goes threw. As he is a Nero Surgeon, and stands to make some good money. But he thinks things might explode there too.
Good thing about Nurses, my fiance is one. So I an ride that gravy train while I work at the supermarket@_@

Hopefully a lot of companies are staying lean till they get a bit profitable, and when they do go back into the black they will have to buy or fix a lot of things they were letting go. From anything like desks and cars to friggin lightbulbs. So maybe that will be where the recovery comes from?

[Darwinist]

But the biggest boom in jobs in the future with out a doubt will be in the nursing/medical industry.
This will be due to two things, All of the baby boomers are getting old now, becoming senior citizens and the growing cancer epidemic.

This reminds me of the old joke about the alpine villages in Switzerland, where every village made a living by doing laundry for the village in the next valley.

Healthcare is not an "industry" in the strict sense of the word. A country can no more grow rich by curing each other of illnesses than it can by doing laundry for each other. You have to create things people value that did not exist before...

Unless you are servicing foreigners who DO make something of value and can pay for your healthcare services, this is an economic cul-de-sac.

[USAMMAFAN]

Inflation, inflation, inflation!

Lol, we have had negative inflation for the last six months:

Current Inflation

Interest rates were retardedly low a few months ago I locked my home loan in at an absurdely low rate.

Really, economics is to complicated a subject for the layman, unless you have some university courses in economics just stop talking about it, you sound like the new age medicine freaks.

[getsmart]

Originally Posted by Darwinist

This reminds me of the old joke about the alpine villages in Switzerland, where every village made a living by doing laundry for the village in the next valley.

Healthcare is not an "industry" in the strict sense of the word. A country can no more grow rich by curing each other of illnesses than it can by doing laundry for each other. You have to create things people value that did not exist before...

Unless you are servicing foreigners who DO make something of value and can pay for your healthcare services, this is an economic cul-de-sac.

Exactly, It's just like Wellfare states like to prop up their GDP by including the value of government 'services' in the GDP numbers, which actually means they include the gross salaries of all government employees.

The next time you see one of those richest pr. capita measurements with Denmark, Sweden and Norway in the top, keep that in mind.

Wealth is about producing and adding value. When I judge the actual value of a society, I usually look at how many high-rises are being built.

[getsmart]

Originally Posted by USAMMAFAN

Inflation, inflation, inflation!

Lol, we have had negative inflation for the last six months:

Current Inflation

Interest rates were retardedly low a few months ago I locked my home loan in at an absurdely low rate.

Really, economics is to complicated a subject for the layman, unless you have some university courses in economics just stop talking about it, you sound like the new age medicine freaks.

I have 3 years of Economics courses, do I qualify?

Actually, economics is very simple. It's just that the powers that be prefer economics to be PERCEIVED as difficult so they can perpetuate their Keynesian and Central Bank lies.

All economic theory builds on some very simple assumptions and teachings. The rest is only fancy wrapping.

[J-Fight]

Originally Posted by USAMMAFAN

Inflation, inflation, inflation!

Lol, we have had negative inflation for the last six months:

Current Inflation

Interest rates were retardedly low a few months ago I locked my home loan in at an absurdely low rate.

Really, economics is to complicated a subject for the layman, unless you have some university courses in economics just stop talking about it, you sound like the new age medicine freaks.

interest rates have been low, are still low and will remain low. I got a 15 for 4.5% a couple months ago. I just read in the Journal that altough central reserves in Israel, Australia and elsewhere are beginning to raise rates due to a recovering economy the Fed will keep rates basically where they are for the foreseeable future. It's dangerous but there is still a need to keep consumers spending.

[Darwinist]

You don't have negative inflation. You are using the wrong definition of inflation - the price level. Inflation is an expansion of the money supply. The CPI is a severely retarded metric. It omits some of the most important factors of modern living(housing and energy) and also contains the intellectually dishonest concept of hedonic substitution. The basket is not fixed like it should be. So the CPI doesn't measure what it's supposed to be measure, and even if it did, what it's supposed to measure is not what inflation is.

More money chasing the same amounts of goods and services = inflation. No economics graduate would dispute that basic assertion.

The fact that there are deflationary forces at work as well(deleveraging) are counterbalancing the inflation, resulting in a relatively stable price level. But is that a desirable thing? That is where opinions begin to differ.

To my way of thinking, the best thing for the US right now - massive deflation - is not being allowed to happen. It's keeping your export sectors uncompetitive and is perpetuating the destructive over-consumption of imported goods you can't afford.

If you really had negative inflation, the dollar would not be steadily creeping downward.

Gold would not be pushing $1100, closing in on it's all-time highs.

Your stock market would not be outperformed by just about every other regional market in the world.

Unemployment would not be spiking.

And I am a student of economics among other things, and have probably taken more courses than you, so by your own reasoning you are not allowed to dispute my post

[Position]

Originally Posted by Ham_Roll

The signs are good
Porductivity is up, employment will follow, conservatards will still whinge

Yeah it means people are working harder to keep their jobs. Which what happens in every recession in recorded history. Great sign !

Thank you Obamanomics, thank you stimulus!

[ElKarlo]

Originally Posted by USAMMAFAN

Inflation, inflation, inflation!

Lol, we have had negative inflation for the last six months:

Current Inflation

Interest rates were retardedly low a few months ago I locked my home loan in at an absurdely low rate.

Really, economics is to complicated a subject for the layman, unless you have some university courses in economics just stop talking about it, you sound like the new age medicine freaks.

Who are you talking to/about? You are one of the least informed posters here in the WR.