Jobless claims continue – unemployment, housing woes increase

[jpinpb]

Those are some ugly charts. When someone sees that, how in the world can they utter “bottom.”

[peterb]

Check out the U-6 number from the BLS. I think it’s more accurate than Shadow stats. The shadowstats guy wont say how he arrives at his numbers.

[peterb]

Check out the U-6 number from the BLS. I think it’s more accurate than Shadow stats. The shadowstats guy wont say how he arrives at his numbers.

[peterb]

Check out the U-6 number from the BLS. I think it’s more accurate than Shadow stats. The shadowstats guy wont say how he arrives at his numbers.

[peterb]

Check out the U-6 number from the BLS. I think it’s more accurate than Shadow stats. The shadowstats guy wont say how he arrives at his numbers.

[peterb]

Check out the U-6 number from the BLS. I think it’s more accurate than Shadow stats. The shadowstats guy wont say how he arrives at his numbers.

[Arraya]

http://news.yahoo.com/s/ap/20090226/ap_on_bi_st_ma_re/wall_street_182

snippet:
“The Obama administration’s $3.55 trillion budget plan for 2010 includes cuts to Medicare and Medicaid.
Private insurance plans serving Medicare seniors would take the biggest hit, but hospitals, drug manufacturers and home health agencies also face cuts.

As investors became aware of the impact that the budget, if enacted, could have on the companies, they turned against what had been one of the strongest industries in the stock market recen

[Arraya]

http://news.yahoo.com/s/ap/20090226/ap_on_bi_st_ma_re/wall_street_182

snippet:
“The Obama administration’s $3.55 trillion budget plan for 2010 includes cuts to Medicare and Medicaid.
Private insurance plans serving Medicare seniors would take the biggest hit, but hospitals, drug manufacturers and home health agencies also face cuts.

As investors became aware of the impact that the budget, if enacted, could have on the companies, they turned against what had been one of the strongest industries in the stock market recen

[Arraya]

http://news.yahoo.com/s/ap/20090226/ap_on_bi_st_ma_re/wall_street_182

snippet:
“The Obama administration’s $3.55 trillion budget plan for 2010 includes cuts to Medicare and Medicaid.
Private insurance plans serving Medicare seniors would take the biggest hit, but hospitals, drug manufacturers and home health agencies also face cuts.

As investors became aware of the impact that the budget, if enacted, could have on the companies, they turned against what had been one of the strongest industries in the stock market recen

[Arraya]

http://news.yahoo.com/s/ap/20090226/ap_on_bi_st_ma_re/wall_street_182

snippet:
“The Obama administration’s $3.55 trillion budget plan for 2010 includes cuts to Medicare and Medicaid.
Private insurance plans serving Medicare seniors would take the biggest hit, but hospitals, drug manufacturers and home health agencies also face cuts.

As investors became aware of the impact that the budget, if enacted, could have on the companies, they turned against what had been one of the strongest industries in the stock market recen

[Arraya]

http://news.yahoo.com/s/ap/20090226/ap_on_bi_st_ma_re/wall_street_182

snippet:
“The Obama administration’s $3.55 trillion budget plan for 2010 includes cuts to Medicare and Medicaid.
Private insurance plans serving Medicare seniors would take the biggest hit, but hospitals, drug manufacturers and home health agencies also face cuts.

As investors became aware of the impact that the budget, if enacted, could have on the companies, they turned against what had been one of the strongest industries in the stock market recen

[UCGal]

I agree that unemployment is going to have a huge impact on the economy.

But the “worst case” scenario for the stress tests only has the unemployment going to 10.6%. I can imagine a much worse number.

Maybe it’s because I’m watching it happen around me. My husband’s job went to part-time over the past 6 months and as of this past monday he’s one of the newly minted unemployed. My employer keeps announcing more cuts. My neighbors are all feeling it – the lady across the street lost her job about 6 months ago. My friend is a VP for a large company – they are shutting down the site she runs… she’s not sure if she’ll have a job.

These are all people who are professionals, have been with their employers for years.

The job situation is going to drag the economy down further… which will mean more job losses.

[UCGal]

I agree that unemployment is going to have a huge impact on the economy.

But the “worst case” scenario for the stress tests only has the unemployment going to 10.6%. I can imagine a much worse number.

Maybe it’s because I’m watching it happen around me. My husband’s job went to part-time over the past 6 months and as of this past monday he’s one of the newly minted unemployed. My employer keeps announcing more cuts. My neighbors are all feeling it – the lady across the street lost her job about 6 months ago. My friend is a VP for a large company – they are shutting down the site she runs… she’s not sure if she’ll have a job.

These are all people who are professionals, have been with their employers for years.

The job situation is going to drag the economy down further… which will mean more job losses.

[UCGal]

I agree that unemployment is going to have a huge impact on the economy.

But the “worst case” scenario for the stress tests only has the unemployment going to 10.6%. I can imagine a much worse number.

Maybe it’s because I’m watching it happen around me. My husband’s job went to part-time over the past 6 months and as of this past monday he’s one of the newly minted unemployed. My employer keeps announcing more cuts. My neighbors are all feeling it – the lady across the street lost her job about 6 months ago. My friend is a VP for a large company – they are shutting down the site she runs… she’s not sure if she’ll have a job.

These are all people who are professionals, have been with their employers for years.

The job situation is going to drag the economy down further… which will mean more job losses.

[UCGal]

I agree that unemployment is going to have a huge impact on the economy.

But the “worst case” scenario for the stress tests only has the unemployment going to 10.6%. I can imagine a much worse number.

Maybe it’s because I’m watching it happen around me. My husband’s job went to part-time over the past 6 months and as of this past monday he’s one of the newly minted unemployed. My employer keeps announcing more cuts. My neighbors are all feeling it – the lady across the street lost her job about 6 months ago. My friend is a VP for a large company – they are shutting down the site she runs… she’s not sure if she’ll have a job.

These are all people who are professionals, have been with their employers for years.

The job situation is going to drag the economy down further… which will mean more job losses.

[Author]

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