Jobless rate down for first time in a year

[Robert Snow]

http://money.cnn.com/2009/08/07/news/economy/jobs_july/index.htm?postversion=2009080708

Maybe we are slowly nearing the end of this recession. :thumbsup:

 

[rdwhite]

Maybe we are slowly nearing the end of this recession.

:laugh:

{sarcasm}Oh yeah, and we can surely believe CNN, they said it so it must be true, they would never lie to us or even distort the truth.{/sarcasm}

Rate of decent is the speed at which an object is falling. Just because jobs are not being lost as fast as they were, does not indicate a turn around. Jobs are still being lost and will continue to be lost. This is only the beginning, we are still a ways from hitting bottom.

 

[Tom Bryant]

I will settle for a rate of descent slowing down for now.

I am not a fan of our President. But with our church having lost 2 families from our area to find jobs elsewhere, with 3 families facing forclosure and 2 having already gone thru it, I'll take any good news.

 

[carpro]

The real unemployment rate is closer to 16% if those who have given up on finding work and those who have taken part time jobs are counted.

 

[rdwhite]

I will settle for a rate of descent slowing down for now.

I am not a fan of our President. But with our church having lost 2 families from our area to find jobs elsewhere, with 3 families facing forclosure and 2 having already gone thru it, I'll take any good news.

Ah yes, point taken, you are absolutely right. My point was that I do not believe that we are nearing the end. We as a nation are suffering, but yet not so great as many other nations. I wonder however if we as a nation will use this as an opportunity to turn back to God, or will the nation clinch her fists and continue to thumb her nose at God.

 

[LadyEagle]

The real unemployment rate is closer to 16% if those who have given up on finding work and those who have taken part time jobs are counted.

Yep, right on. The figures are either manipulated or don't portray the big picture. Possibly don't include those who have reached the limit of their unemployment benefits now.

 

[Martin]

Rate of decent is the speed at which an object is falling. Just because jobs are not being lost as fast as they were, does not indicate a turn around. Jobs are still being lost and will continue to be lost. This is only the beginning, we are still a ways from hitting bottom.

Most investment folks are saying that the economy is on the path to a slow recovery. Around here the housing market is certainly getting better. I have noticed a string of "SOLD" signs where there were "FOR SALE" signs. Nothing big, nothing that is not subject to a turn around, but it is something. We take what we can get.

Of course, none of that helps the folks who have lost their jobs (etc). Mainly since jobs are usually the last thing to return after a recession. It could be years before the job market goes back to what it was one year ago.