Skip to content
Subscribe
Notify of
40 Comments
Oldest
Newest
Inline Feedbacks
View all comments
moneymaker
15 years ago

Looks like a bottom to me.
Looks like a bottom to me. Not a bottom to home prices but for the economy. With the 10 year T-bill rising,inflation is right around the corner and that should boost the stock market. Unemployment can only go up,right? Hopefully anyway. Oops I forgot my calculus, it is only a point of inflection, so we are halfway to the bottom.

peterb
15 years ago
Reply to  moneymaker

Another month or two and we
Another month or two and we should reach 1930’s level unemployment. 11.3% in CA is the U-3 number. U-6 is approx. twice U-3. So CA is really ~22% unemployment/under employment, given-up, off the rolls…etc…

Omega Point
15 years ago

I find it hard to believe
I find it hard to believe that “Finance/RE” and “Retail” to a lesser extent has hardly suffered since Jan-07 compared to the other industries. Is this correct?

What is “Everything Else”? This sector has had the biggest drop.

Looking at this graph, you wouldn’t believe we are in a housing crash.

urbanrealtor
15 years ago
Reply to  Rich Toscano

Rich Toscano wrote:Omega
[quote=Rich Toscano][quote=Omega Point]I find it hard to believe that “Finance/RE” and “Retail” to a lesser extent has hardly suffered since Jan-07 compared to the other industries. Is this correct?

What is “Everything Else”? This sector has had the biggest drop.

Looking at this graph, you wouldn’t believe we are in a housing crash.[/quote]

Click through to the whole article… look at the percentage graph.

Rich[/quote]

I, for one, would be curious to see what counts as employment in RE.

Many friends of mine simply picked back up what they were doing prior to 2003 and kept doing RE part time.

I was the douchebag that stuck with it.

I am still unsure who made better choices here.

DWCAP
15 years ago

I am enjoying the fun with
I am enjoying the fun with stats that is going on with the newest unemployment numbers out. Apprently Ca unemployment led the country down with nealy 64k jobs lost last month, but the unemployment number IMPROVED to 11% from 11.2% So either alot of people left the state, won the lottery, or gave up hope and stopped looking for jobs. Ahhh, fun with stats.

Arraya
15 years ago
Reply to  DWCAP

Theoretically, we could keep
Theoretically, we could keep losing jobs all year the the official number could stay the same or go down.