September unemployment-

[Fly Rod]

Sorry, I can not believe the economy is getting better, not with unemployment growing.

As economy gets better companies would be hiring unemployment would go down.

I do not see this happening.

[spence]

Originally Posted by Fly Rod

As economy gets better companies would be hiring unemployment would go down.

There's a big lag.

Companies are able to sell from existing inventory (or product ideas) and have streamlined their processes to do more with less. Others have simple gone away.

Jobs require real growth, and the confidence that the growth is going to be sustained. Right now most companies are just starting to climb out of the fox hole.

-spence

[JohnnyD]

Originally Posted by Fly Rod

Sorry, I can not believe the economy is getting better, not with unemployment growing.

As economy gets better companies would be hiring unemployment would go down.

I do not see this happening.

My thoughts on jobs and business spending.

Companies are buckling down. Sales may have moderately increased and expenses have been reduced as much as possible. Companies are possibly getting back into the black and as such, are preventing any increase of expenses to appease shareholders.

It's October and all big companies have already positioned themselves for their end-of-year reports. Retailers are seeing more traffic, but consumer spending is still low.

I predict that job growth will continue to slightly decrease and maybe flat-line in December as companies try to squeeze out every possible expense leading up to the end of the year to show them in the healthiest possible situation leading into 2010.

I'd guess starting in Jan-Feb job growth will start to increase.

[spence]

Originally Posted by JohnnyD

I predict that job growth will continue to slightly decrease and maybe flat-line in December as companies try to squeeze out every possible expense leading up to the end of the year to show them in the healthiest possible situation leading into 2010.

Most scenarios I've seen look like the unemployment rate will continue to increase well into 2010.

-spence

[JohnnyD]

Originally Posted by spence

Most scenarios I've seen look like the unemployment rate will continue to increase well into 2010.

-spence

Probably. I haven't read much in the way of reports on the future predictions for unemployment. The above is just an uneducated guess. Take the timeline out, and I think the circumstances hold with regards to companies buckling down until the end of the year to hold their "we're recovering" numbers.

[BigFish]

Its over 10% but the government does not want to say its over 10% for fear of a panic!!! You watch next month they say its either still at 9.8% or it has dropped a couple tenths!!!

[Joe]

Add about 3% to cover the people who've given up and moved to Camp Runamuck or are living in a van down by the river.

[striperman36]

plus the return to schoolie's

[justplugit]

Originally Posted by Joe

Add about 3% to cover the people who've given up and moved to Camp Runamuck or are living in a van down by the river.

Also another 4% for those who have had to take part time jobs.

17% is a lot of unemployment.