Jobs vanish, unemployment drops … WTF?

[EconProf]

One little-remarked indicator of the report is actually quite upbeat. The number of people working short weeks or part-time who would like to work more fell by over 1 million.
This suggests employers are taking the initial steps that are a precurser to actually hiring more people.

[partypup]

The government is lying. Period. There is desperation out there.

I have had to hire an attorney in my dept three times in the past 7 years: 2006, 2008 and now, 2010. In 2006 and 2008, HR sent me a decent number of resumes, a few from top-notch schools.

We posted the VP position in my dept last week, and oh my, how times have changed. Half of the resumes I received are from lawyers who have been practicing 5-7 years longer than I have. Even getting Ivy League paper now. Tons of former law firm types in their 7th or 8th years, displaced “of counsel” types, and attorneys who’s employment suddenly ended around December of last year. The position pays 140K, so definitely not a fortune. But I am getting resumes from attorneys who surely make – or recently made, based on their work history – 250K+ a year. Moreover, EVERY Tom, Dick and Harry is emailing me resumes from their friends and neighbors. It’s creepy because it’s never happened before.

If you can’t see what’s happening, you’re not paying attention. I know this is a housing forum, but my God, who in their right mind can possibly think of investing in real estate now when the stench of unemployment is so great around us?

[partypup]

The government is lying. Period. There is desperation out there.

I have had to hire an attorney in my dept three times in the past 7 years: 2006, 2008 and now, 2010. In 2006 and 2008, HR sent me a decent number of resumes, a few from top-notch schools.

We posted the VP position in my dept last week, and oh my, how times have changed. Half of the resumes I received are from lawyers who have been practicing 5-7 years longer than I have. Even getting Ivy League paper now. Tons of former law firm types in their 7th or 8th years, displaced “of counsel” types, and attorneys who’s employment suddenly ended around December of last year. The position pays 140K, so definitely not a fortune. But I am getting resumes from attorneys who surely make – or recently made, based on their work history – 250K+ a year. Moreover, EVERY Tom, Dick and Harry is emailing me resumes from their friends and neighbors. It’s creepy because it’s never happened before.

If you can’t see what’s happening, you’re not paying attention. I know this is a housing forum, but my God, who in their right mind can possibly think of investing in real estate now when the stench of unemployment is so great around us?

[partypup]

The government is lying. Period. There is desperation out there.

I have had to hire an attorney in my dept three times in the past 7 years: 2006, 2008 and now, 2010. In 2006 and 2008, HR sent me a decent number of resumes, a few from top-notch schools.

We posted the VP position in my dept last week, and oh my, how times have changed. Half of the resumes I received are from lawyers who have been practicing 5-7 years longer than I have. Even getting Ivy League paper now. Tons of former law firm types in their 7th or 8th years, displaced “of counsel” types, and attorneys who’s employment suddenly ended around December of last year. The position pays 140K, so definitely not a fortune. But I am getting resumes from attorneys who surely make – or recently made, based on their work history – 250K+ a year. Moreover, EVERY Tom, Dick and Harry is emailing me resumes from their friends and neighbors. It’s creepy because it’s never happened before.

If you can’t see what’s happening, you’re not paying attention. I know this is a housing forum, but my God, who in their right mind can possibly think of investing in real estate now when the stench of unemployment is so great around us?

[partypup]

The government is lying. Period. There is desperation out there.

I have had to hire an attorney in my dept three times in the past 7 years: 2006, 2008 and now, 2010. In 2006 and 2008, HR sent me a decent number of resumes, a few from top-notch schools.

We posted the VP position in my dept last week, and oh my, how times have changed. Half of the resumes I received are from lawyers who have been practicing 5-7 years longer than I have. Even getting Ivy League paper now. Tons of former law firm types in their 7th or 8th years, displaced “of counsel” types, and attorneys who’s employment suddenly ended around December of last year. The position pays 140K, so definitely not a fortune. But I am getting resumes from attorneys who surely make – or recently made, based on their work history – 250K+ a year. Moreover, EVERY Tom, Dick and Harry is emailing me resumes from their friends and neighbors. It’s creepy because it’s never happened before.

If you can’t see what’s happening, you’re not paying attention. I know this is a housing forum, but my God, who in their right mind can possibly think of investing in real estate now when the stench of unemployment is so great around us?

[partypup]

The government is lying. Period. There is desperation out there.

I have had to hire an attorney in my dept three times in the past 7 years: 2006, 2008 and now, 2010. In 2006 and 2008, HR sent me a decent number of resumes, a few from top-notch schools.

We posted the VP position in my dept last week, and oh my, how times have changed. Half of the resumes I received are from lawyers who have been practicing 5-7 years longer than I have. Even getting Ivy League paper now. Tons of former law firm types in their 7th or 8th years, displaced “of counsel” types, and attorneys who’s employment suddenly ended around December of last year. The position pays 140K, so definitely not a fortune. But I am getting resumes from attorneys who surely make – or recently made, based on their work history – 250K+ a year. Moreover, EVERY Tom, Dick and Harry is emailing me resumes from their friends and neighbors. It’s creepy because it’s never happened before.

If you can’t see what’s happening, you’re not paying attention. I know this is a housing forum, but my God, who in their right mind can possibly think of investing in real estate now when the stench of unemployment is so great around us?

[Arraya]

[quote=paramount]Maybe the economic collapse so many are convinced will occur, is now actually occurring…[/quote]

You got that right. In 5-10 years, when the decaying suburbs turn to squalor shanty towns and domestic insurgencies flare up in the south, talking heads on cable, if you still have it, will be saying how much better it is than in 2000.

[Arraya]

[quote=paramount]Maybe the economic collapse so many are convinced will occur, is now actually occurring…[/quote]

You got that right. In 5-10 years, when the decaying suburbs turn to squalor shanty towns and domestic insurgencies flare up in the south, talking heads on cable, if you still have it, will be saying how much better it is than in 2000.

[Arraya]

[quote=paramount]Maybe the economic collapse so many are convinced will occur, is now actually occurring…[/quote]

You got that right. In 5-10 years, when the decaying suburbs turn to squalor shanty towns and domestic insurgencies flare up in the south, talking heads on cable, if you still have it, will be saying how much better it is than in 2000.

[Arraya]

[quote=paramount]Maybe the economic collapse so many are convinced will occur, is now actually occurring…[/quote]

You got that right. In 5-10 years, when the decaying suburbs turn to squalor shanty towns and domestic insurgencies flare up in the south, talking heads on cable, if you still have it, will be saying how much better it is than in 2000.

[Arraya]

[quote=paramount]Maybe the economic collapse so many are convinced will occur, is now actually occurring…[/quote]

You got that right. In 5-10 years, when the decaying suburbs turn to squalor shanty towns and domestic insurgencies flare up in the south, talking heads on cable, if you still have it, will be saying how much better it is than in 2000.

[EconProf]

Unemployed lawyers desparately seeking work?
Ah, another blessing of this recession.

[EconProf]

Unemployed lawyers desparately seeking work?
Ah, another blessing of this recession.

[EconProf]

Unemployed lawyers desparately seeking work?
Ah, another blessing of this recession.

[EconProf]

Unemployed lawyers desparately seeking work?
Ah, another blessing of this recession.

[Author]

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