"Jobless Rate Hits 6.4 Pct., 9-Year High''

by LEIGH STROPE, AP Labor Writer

WASHINGTON - The nation's unemployment rate shot up to 6.4 percent in
June, the highest level in more than nine years, in an economic slump
that has cost nearly a million jobs in the last three months.

Businesses slashed 30,000 jobs just last month, with cuts heavily
concentrated on factory assembly lines, the Labor Department (news -
web sites) reported Thursday.

The 0.3 percentage point increase from May's 6.1 percent rate was the
largest month-to-month rise since the Sept. 11, 2001 terror attacks.
That surprised analysts who predicted a smaller rise, to 6.2 percent.
The last time the overall rate was higher was in April 1994.

While recent economic indicators point to an economy struggling toward
recovery, the latest report demonstrated that America's job market was
still very much in a state of recession last month.

Since March, unemployment has increased by 913,000. Two million people
were unemployed for 27 weeks or more last month, an increase of
410,000 since the start of the year. Only in March 1994 was the
unemployment rate higher.

Another factor behind the increase in the overall civilian
unemployment rate was the increase in the number of people seeking
work in June. Optimism about an economy rebound led over 600,000
people to resume their search for work.

Because the government calculates the overall unemployment rate based
on a survey of American households, and because the lackluster economy
wasn't producing enough jobs to accommodate increasing number of
job-seekers, that rate increased significantly.

Manufacturing led in payroll cuts last month, with 56,000 jobs lost.
Since July 2000, the nation's factories have cut 2.6 million jobs.

That sector has been the weakest link in the economy's ability to get
back to full speed. Slack demand at home and abroad and competition
from a flood of imports have throttled back production.

Construction jobs helped offset manufacturing losses somewhat last
month, with the fourth straight gain in hiring. Construction has added
101,000 jobs since February, reflecting strength in residential
building.

The mortgage boom, stoked by record low rates, has been the bright
spot in the dismal economy. People are buying new homes and
refinancing their old mortgages. The extra cash from refinancing
combined with solid home-value appreciation have kept consumer
spending afloat.

Other hiring gains last month were in health care, leisure and
hospitality and temporary employment services.

In a separate report, new claims for jobless benefits rose last week
to 430,000, an increase of a seasonally adjusted 21,000 from the
previous week's revised 409,000 claims.

The more stable, four-week moving average of claims, which smooths out
weekly fluctuations, dropped to 425,000. That was the lowest level
since April 5.

Mr Robert J. Cornholio wrote:
"Jobless Rate Hits 6.4 Pct., 9-Year High''by LEIGH STROPE, AP Labor WriterWASHINGTON - The nation's unemployment rate shot up to 6.4 percent inJune, the highest level in more than nine years, in an economic slumpthat has cost nearly a million jobs in the last three months.Businesses slashed 30,000 jobs just last month, with cuts heavilyconcentrated on factory assembly lines, the Labor Department (news -web sites) reported Thursday.
As wages, benefits and taxes rise, so will the prices of US products.
That just makes things worse for labor. Strope should know that. If
Strope wants employment up then wages, benefits and taxes must come down.

On Thu, 03 Jul 2003 13:36:40 GMT, Werner Hetzner <whetzner@mac.com>
wrote:
Mr Robert J. Cornholio wrote:"Jobless Rate Hits 6.4 Pct., 9-Year High''by LEIGH STROPE, AP Labor WriterWASHINGTON - The nation's unemployment rate shot up to 6.4 percent inJune, the highest level in more than nine years, in an economic slumpthat has cost nearly a million jobs in the last three months.Businesses slashed 30,000 jobs just last month, with cuts heavilyconcentrated on factory assembly lines, the Labor Department (news -web sites) reported Thursday.As wages, benefits and taxes rise, so will the prices of US products.That just makes things worse for labor. Strope should know that. IfStrope wants employment up then wages, benefits and taxes must come down.

Nope...Fundamental error...If on a longterm you want employment
up...then for sure you will have to move *wages* upwards...stagnating
or downwards, as in the past let's say 10-15 years.

Only healthy consumers are able buying productions :-) Give them money
to spend...and the economy will recover...Sir Maynard Keynes
principles.

Regards
--
Pieter Wenk /CH-1800 Vevey - Rivièra Vaudoise
These capitalists generally act harmoniously, and in concert, to fleece
the people.
--Abraham Lincoln, 1837
¤º°`°º¤ø,¸¸,ø¤º°`°º¤ø,¸¸,ø¤º°`°º¤ø,¸¸,ø¤º°`°º¤ø¤º° `°º¤ø,¸¸,ø¤º°`°º¤ø,

Werner Hetzner <whetzner@mac.com> wrote in message news:<3F043168.8040009@mac.com>... Mr Robert J. Cornholio wrote:"Jobless Rate Hits 6.4 Pct., 9-Year High''by LEIGH STROPE, AP Labor WriterWASHINGTON - The nation's unemployment rate shot up to 6.4 percent inJune, the highest level in more than nine years, in an economic slumpthat has cost nearly a million jobs in the last three months.Businesses slashed 30,000 jobs just last month, with cuts heavilyconcentrated on factory assembly lines, the Labor Department (news -web sites) reported Thursday. As wages, benefits and taxes rise, so will the prices of US products. That just makes things worse for labor. Strope should know that. If Strope wants employment up then wages, benefits and taxes must come down.

So at a time when the economy is doing badly and everyone is feeling
the pinch, you want wages to go down?

At a time when more and more people are out of work and the benefits
pie must be divided into even more slices, you want the size of that
pie to go down?

At a time when your country is facing record large deficits, you want
taxes to go down?

Simon
LLXSDG

> > >WASHINGTON - The nation's unemployment rate shot up to 6.4 percent inJune, the highest level in more than nine years, in an economic slumpthat has cost nearly a million jobs in the last three months.Businesses slashed 30,000 jobs just last month, with cuts heavilyconcentrated on factory assembly lines, the Labor Department (news -web sites) reported Thursday. As wages, benefits and taxes rise, so will the prices of US products. That just makes things worse for labor. Strope should know that. If Strope wants employment up then wages, benefits and taxes must come
down. So at a time when the economy is doing badly and everyone is feeling the pinch, you want wages to go down? At a time when more and more people are out of work and the benefits pie must be divided into even more slices, you want the size of that pie to go down? At a time when your country is facing record large deficits, you want taxes to go down?

There is a noticiable economic disconnect from those doing the firing and
moving factories to China and receiving tax breaks to the rest of the
population. Their earnings have been going up while the rest of us suffer.
Why does Werner keep stepping in to defend these people? They can take care
of themselves.

Marinus van der Lubbe wrote:
>...>As wages, benefits and taxes rise, so will the prices of US products.That just makes things worse for labor. Strope should know that. IfStrope wants employment up then wages, benefits and taxes must comedown.So at a time when the economy is doing badly and everyone is feelingthe pinch, you want wages to go down?At a time when more and more people are out of work and the benefitspie must be divided into even more slices, you want the size of thatpie to go down?At a time when your country is facing record large deficits, you wanttaxes to go down?There is a noticiable economic disconnect from those doing the firing andmoving factories to China and receiving tax breaks to the rest of thepopulation. Their earnings have been going up while the rest of us suffer.Why does Werner keep stepping in to defend these people? They can take careof themselves.

I live in a 'has been' city in Upstate NY. This place used to be the
Silicon Valley of the US. Then the unions went into action and the
factories either went South or out of business. This now happens at the
international scale. If we can't compete we will all be 'has beens'
living hand to mouth on welfare from places like China and Mexico. Who
would buy or stuff if it can be bought for less elsewhere? And who
should?

Werner Hetzner <whetzner@mac.com> wrote in message news:<3F04D76E.6010907@mac.com>... Marinus van der Lubbe wrote:>>...>>>As wages, benefits and taxes rise, so will the prices of US products.>That just makes things worse for labor. Strope should know that. If>Strope wants employment up then wages, benefits and taxes must come>>down.So at a time when the economy is doing badly and everyone is feelingthe pinch, you want wages to go down?At a time when more and more people are out of work and the benefitspie must be divided into even more slices, you want the size of thatpie to go down?At a time when your country is facing record large deficits, you wanttaxes to go down?There is a noticiable economic disconnect from those doing the firing andmoving factories to China and receiving tax breaks to the rest of thepopulation. Their earnings have been going up while the rest of us suffer.Why does Werner keep stepping in to defend these people? They can take careof themselves. I live in a 'has been' city in Upstate NY. This place used to be the Silicon Valley of the US. Then the unions went into action and the factories either went South or out of business. This now happens at the international scale. If we can't compete we will all be 'has beens' living hand to mouth on welfare from places like China and Mexico. Who would buy or stuff if it can be bought for less elsewhere? And who should?

What do you mean when you say you want to compete with them? They can
produce cheap stuff because their people have such a low standard of
living and because they pay their workers badly. Your way of solving
this problem is to lower workers' pay in the Western world.

Who benefits if this is done? Of what value is a nominally high
national GDP when the standard of life doesn't rise as a result?

Simon
LLXSDG

LLX wrote:
Werner Hetzner <whetzner@mac.com> wrote in message news:<3F04D76E.6010907@mac.com>......I live in a 'has been' city in Upstate NY. This place used to be theSilicon Valley of the US. Then the unions went into action and thefactories either went South or out of business. This now happens at theinternational scale. If we can't compete we will all be 'has beens'living hand to mouth on welfare from places like China and Mexico. Whowould buy or stuff if it can be bought for less elsewhere? And whoshould?What do you mean when you say you want to compete with them? They canproduce cheap stuff because their people have such a low standard ofliving and because they pay their workers badly. Your way of solvingthis problem is to lower workers' pay in the Western world.Who benefits if this is done? Of what value is a nominally highnational GDP when the standard of life doesn't rise as a result?SimonLLXSDG

Wages matter less than purchasing power for an improved quality of life.
What good is it to have your wages double when the price of goods and
services double? What is the good when the town dies because the job has
moved elsewhere? Who benefits then?

And they don't pay their workers in places like Mexico and China badly.
Those workers increase their income from what they got before.

Werner Hetzner <whetzner@mac.com> wrote in message news:<3F064EE3.9010708@mac.com>... LLX wrote:Werner Hetzner <whetzner@mac.com> wrote in message news:<3F04D76E.6010907@mac.com>......>>I live in a 'has been' city in Upstate NY. This place used to be theSilicon Valley of the US. Then the unions went into action and thefactories either went South or out of business. This now happens at theinternational scale. If we can't compete we will all be 'has beens'living hand to mouth on welfare from places like China and Mexico. Whowould buy or stuff if it can be bought for less elsewhere? And whoshould?What do you mean when you say you want to compete with them? They canproduce cheap stuff because their people have such a low standard ofliving and because they pay their workers badly. Your way of solvingthis problem is to lower workers' pay in the Western world.Who benefits if this is done? Of what value is a nominally highnational GDP when the standard of life doesn't rise as a result?SimonLLXSDG Wages matter less than purchasing power for an improved quality of life. What good is it to have your wages double when the price of goods and services double? What is the good when the town dies because the job has moved elsewhere? Who benefits then?

You're completely right, but I'm not sure that what you're saying is
even slightly relevant. You weren't speaking about dropping wages and
putting in place some measures to increase purchasing power (unless
you mean that simply having lower wages will be enough to cause
deflation... I'm assuming that you want to avoid the situation in
Japan).
And they don't pay their workers in places like Mexico and China badly. Those workers increase their income from what they got before.

The normal wages for any job, even once purchasing power has been
taken into account, is considerably lower in both Mexico and China
than in the USA or most of Europe. I'm not talking about Western
companies going over and exploiting workers, I'm sure that they pay
comparatively well, I'm talking about the fact that they're paying far
less than American workers would be prepared to accept, meaning that
it's wrong to even TRY to compete on those grounds.

Simon
LLXSDG

I see the drug dealers are doing OK. I suppose I have that option too.


"Mr Robert J. Cornholio" <robert_j_cornholio@yahoo.com> wrote in message
news:9e85604.0307030459.4c44a83e@posting.google.co m... "Jobless Rate Hits 6.4 Pct., 9-Year High'' by LEIGH STROPE, AP Labor Writer WASHINGTON - The nation's unemployment rate shot up to 6.4 percent in June, the highest level in more than nine years, in an economic slump that has cost nearly a million jobs in the last three months. Businesses slashed 30,000 jobs just last month, with cuts heavily concentrated on factory assembly lines, the Labor Department (news - web sites) reported Thursday. The 0.3 percentage point increase from May's 6.1 percent rate was the largest month-to-month rise since the Sept. 11, 2001 terror attacks. That surprised analysts who predicted a smaller rise, to 6.2 percent. The last time the overall rate was higher was in April 1994. While recent economic indicators point to an economy struggling toward recovery, the latest report demonstrated that America's job market was still very much in a state of recession last month. Since March, unemployment has increased by 913,000. Two million people were unemployed for 27 weeks or more last month, an increase of 410,000 since the start of the year. Only in March 1994 was the unemployment rate higher. Another factor behind the increase in the overall civilian unemployment rate was the increase in the number of people seeking work in June. Optimism about an economy rebound led over 600,000 people to resume their search for work. Because the government calculates the overall unemployment rate based on a survey of American households, and because the lackluster economy wasn't producing enough jobs to accommodate increasing number of job-seekers, that rate increased significantly. Manufacturing led in payroll cuts last month, with 56,000 jobs lost. Since July 2000, the nation's factories have cut 2.6 million jobs. That sector has been the weakest link in the economy's ability to get back to full speed. Slack demand at home and abroad and competition from a flood of imports have throttled back production. Construction jobs helped offset manufacturing losses somewhat last month, with the fourth straight gain in hiring. Construction has added 101,000 jobs since February, reflecting strength in residential building. The mortgage boom, stoked by record low rates, has been the bright spot in the dismal economy. People are buying new homes and refinancing their old mortgages. The extra cash from refinancing combined with solid home-value appreciation have kept consumer spending afloat. Other hiring gains last month were in health care, leisure and hospitality and temporary employment services. In a separate report, new claims for jobless benefits rose last week to 430,000, an increase of a seasonally adjusted 21,000 from the previous week's revised 409,000 claims. The more stable, four-week moving average of claims, which smooths out weekly fluctuations, dropped to 425,000. That was the lowest level since April 5.

On Thu, 3 Jul 2003 12:29:58 -0700, "Marinus van der Lubbe"
<Technical_Support@ComputerSystems2Go.com> wrote:
>WASHINGTON - The nation's unemployment rate shot up to 6.4 percent in >June, the highest level in more than nine years, in an economic slump >that has cost nearly a million jobs in the last three months. > >Businesses slashed 30,000 jobs just last month, with cuts heavily >concentrated on factory assembly lines, the Labor Department (news - >web sites) reported Thursday. > As wages, benefits and taxes rise, so will the prices of US products. That just makes things worse for labor. Strope should know that. If Strope wants employment up then wages, benefits and taxes must comedown. So at a time when the economy is doing badly and everyone is feeling the pinch, you want wages to go down? At a time when more and more people are out of work and the benefits pie must be divided into even more slices, you want the size of that pie to go down? At a time when your country is facing record large deficits, you want taxes to go down?There is a noticiable economic disconnect from those doing the firing andmoving factories to China and receiving tax breaks to the rest of thepopulation. Their earnings have been going up while the rest of us suffer.Why does Werner keep stepping in to defend these people? They can take careof themselves.

In fact...the earnings did only slightly improve in China...and mainly
in the cities of coastal aeras...such as Shanghai, Canton etc.

Globalization is now distributing the expected dividends...It's called
*supportable sacrifices*...

How long will it take, that some politicians are coming to the idea to
stop this evolution towards poverty ???

Instruments allowing to stop it....are existing :-)

Regards
--
Pieter Wenk /CH-1800 Vevey - Rivièra Vaudoise
These capitalists generally act harmoniously, and in concert, to fleece
the people.
--Abraham Lincoln, 1837
¤º°`°º¤ø,¸¸,ø¤º°`°º¤ø,¸¸,ø¤º°`°º¤ø,¸¸,ø¤º°`°º¤ø¤º° `°º¤ø,¸¸,ø¤º°`°º¤ø,

On Sat, 05 Jul 2003 04:06:58 GMT, Werner Hetzner <whetzner@mac.com>
wrote:

And they don't pay their workers in places like Mexico and China badly.Those workers increase their income from what they got before.

Nope !!! The differences in wages between the US or /EU and countries
such as Mexico or China....are important...

This is one one of the major reasons...US/EU companies are moving
their production facilities to these countries. They are running the
production...and reexport the stuff to the USA or EU, were they sell
it in bunkering nifty profits.

Also China is a very large country...*the market for these
productions* are not in China....but the USA/EU....Now you may tell
why ???

Regards
--
Pieter Wenk /CH-1800 Vevey - Rivièra Vaudoise
These capitalists generally act harmoniously, and in concert, to fleece
the people.
--Abraham Lincoln, 1837
¤º°`°º¤ø,¸¸,ø¤º°`°º¤ø,¸¸,ø¤º°`°º¤ø,¸¸,ø¤º°`°º¤ø¤º° `°º¤ø,¸¸,ø¤º°`°º¤ø,

On 5 Jul 2003 03:01:46 -0700, llxsdg@nottingham.ac.uk (LLX) wrote:

The normal wages for any job, even once purchasing power has beentaken into account, is considerably lower in both Mexico and Chinathan in the USA or most of Europe. I'm not talking about Westerncompanies going over and exploiting workers, I'm sure that they paycomparatively well, I'm talking about the fact that they're paying farless than American workers would be prepared to accept, meaning thatit's wrong to even TRY to compete on those grounds.

Right...It's absolutely useless to try compete on those grounds. In
fact, the governments should start to put some measures in force,
helping to avoid any ideas of such ruinous inconceivable competition.

Regards
--
Pieter Wenk /CH-1800 Vevey - Rivièra Vaudoise
These capitalists generally act harmoniously, and in concert, to fleece
the people.
--Abraham Lincoln, 1837
¤º°`°º¤ø,¸¸,ø¤º°`°º¤ø,¸¸,ø¤º°`°º¤ø,¸¸,ø¤º°`°º¤ø¤º° `°º¤ø,¸¸,ø¤º°`°º¤ø,

Pieter Wenk wrote:
On Thu, 03 Jul 2003 13:36:40 GMT, Werner Hetzner <whetzner@mac.com>wrote:Mr Robert J. Cornholio wrote:"Jobless Rate Hits 6.4 Pct., 9-Year High''by LEIGH STROPE, AP Labor WriterWASHINGTON - The nation's unemployment rate shot up to 6.4 percent inJune, the highest level in more than nine years, in an economic slumpthat has cost nearly a million jobs in the last three months.Businesses slashed 30,000 jobs just last month, with cuts heavilyconcentrated on factory assembly lines, the Labor Department (news -web sites) reported Thursday.As wages, benefits and taxes rise, so will the prices of US products.That just makes things worse for labor. Strope should know that. IfStrope wants employment up then wages, benefits and taxes must come down.Nope...Fundamental error...If on a longterm you want employmentup...then for sure you will have to move *wages* upwards...stagnatingor downwards, as in the past let's say 10-15 years.Only healthy consumers are able buying productions :-) Give them moneyto spend...and the economy will recover...Sir Maynard Keynesprinciples.Regards

You can't give them money when there is none to give. You can not
increase wealth by simply printing money. If we could we would simply
print money.

Pieter Wenk wrote:
On Sat, 05 Jul 2003 04:06:58 GMT, Werner Hetzner <whetzner@mac.com>wrote:And they don't pay their workers in places like Mexico and China badly.Those workers increase their income from what they got before.Nope !!! The differences in wages between the US or /EU and countriessuch as Mexico or China....are important...This is one one of the major reasons...US/EU companies are movingtheir production facilities to these countries. They are running theproduction...and reexport the stuff to the USA or EU, were they sellit in bunkering nifty profits.Also China is a very large country...*the market for theseproductions* are not in China....but the USA/EU....Now you may tellwhy ???Regards

Sure. They sell at a nifty profit because consumers want and buy their
products. USA/EU consumers thereby make a nifty saving. Saving is like
profit.

Regards

On Sun, 06 Jul 2003 12:57:40 GMT, Werner Hetzner <whetzner@mac.com>
wrote:
Pieter Wenk wrote:On Thu, 03 Jul 2003 13:36:40 GMT, Werner Hetzner <whetzner@mac.com>wrote:Mr Robert J. Cornholio wrote:>"Jobless Rate Hits 6.4 Pct., 9-Year High''>>by LEIGH STROPE, AP Labor Writer>>WASHINGTON - The nation's unemployment rate shot up to 6.4 percent in>June, the highest level in more than nine years, in an economic slump>that has cost nearly a million jobs in the last three months.>>Businesses slashed 30,000 jobs just last month, with cuts heavily>concentrated on factory assembly lines, the Labor Department (news ->web sites) reported Thursday.>>>As wages, benefits and taxes rise, so will the prices of US products.That just makes things worse for labor. Strope should know that. IfStrope wants employment up then wages, benefits and taxes must come down.Nope...Fundamental error...If on a longterm you want employmentup...then for sure you will have to move *wages* upwards...stagnatingor downwards, as in the past let's say 10-15 years.Only healthy consumers are able buying productions :-) Give them moneyto spend...and the economy will recover...Sir Maynard Keynesprinciples.RegardsYou can't give them money when there is none to give. You can notincrease wealth by simply printing money. If we could we would simplyprint money.

Right. And now what are your suggestions ?

Regards
--
Pieter Wenk /CH-1800 Vevey - Rivièra Vaudoise
These capitalists generally act harmoniously, and in concert, to fleece
the people.
--Abraham Lincoln, 1837
¤º°`°º¤ø,¸¸,ø¤º°`°º¤ø,¸¸,ø¤º°`°º¤ø,¸¸,ø¤º°`°º¤ø¤º° `°º¤ø,¸¸,ø¤º°`°º¤ø,

On Sun, 06 Jul 2003 13:03:22 GMT, Werner Hetzner <whetzner@mac.com>
wrote:
Pieter Wenk wrote:On Sat, 05 Jul 2003 04:06:58 GMT, Werner Hetzner <whetzner@mac.com>wrote:And they don't pay their workers in places like Mexico and China badly.Those workers increase their income from what they got before.Nope !!! The differences in wages between the US or /EU and countriessuch as Mexico or China....are important...This is one one of the major reasons...US/EU companies are movingtheir production facilities to these countries. They are running theproduction...and reexport the stuff to the USA or EU, were they sellit in bunkering nifty profits.Also China is a very large country...*the market for theseproductions* are not in China....but the USA/EU....Now you may tellwhy ???RegardsSure. They sell at a nifty profit because consumers want and buy theirproducts. USA/EU consumers thereby make a nifty saving. Saving is likeprofit.

Read prior answering. Companies ....US Companies moved to so called
low salary countries, such as China...just in order to reduce their
production costs....allowing them to *maximizes their profit*...Beside
of course so called subcontracting agreements, having similar effects.

And at the same time....in the EU and the USA people are just pushed
out of their jobs...or are facing salary dumping.

The globalization did also *globalize* the *employment market*....

This neo-liberal practice will not be very helpful in order allowing
recovery of the actual global economy.

Regards
--
Pieter Wenk /CH-1800 Vevey - Rivièra Vaudoise
These capitalists generally act harmoniously, and in concert, to fleece
the people.
--Abraham Lincoln, 1837
¤º°`°º¤ø,¸¸,ø¤º°`°º¤ø,¸¸,ø¤º°`°º¤ø,¸¸,ø¤º°`°º¤ø¤º° `°º¤ø,¸¸,ø¤º°`°º¤ø,

Pieter Wenk <pwenk@urbanet.ch> wrote in message news:<1sukgvsk7uqjbodpbebc4b7kk2v0b9dqls@4ax.com>... On Sun, 06 Jul 2003 13:03:22 GMT, Werner Hetzner <whetzner@mac.com> wrote:Pieter Wenk wrote:On Sat, 05 Jul 2003 04:06:58 GMT, Werner Hetzner <whetzner@mac.com>wrote:>And they don't pay their workers in places like Mexico and China badly.>Those workers increase their income from what they got before.>>Nope !!! The differences in wages between the US or /EU and countriessuch as Mexico or China....are important...This is one one of the major reasons...US/EU companies are movingtheir production facilities to these countries. They are running theproduction...and reexport the stuff to the USA or EU, were they sellit in bunkering nifty profits.Also China is a very large country...*the market for theseproductions* are not in China....but the USA/EU....Now you may tellwhy ???RegardsSure. They sell at a nifty profit because consumers want and buy theirproducts. USA/EU consumers thereby make a nifty saving. Saving is likeprofit. Read prior answering. Companies ....US Companies moved to so called low salary countries, such as China...just in order to reduce their production costs....allowing them to *maximizes their profit*...Beside of course so called subcontracting agreements, having similar effects. And at the same time....in the EU and the USA people are just pushed out of their jobs...or are facing salary dumping. The globalization did also *globalize* the *employment market*.... This neo-liberal practice will not be very helpful in order allowing recovery of the actual global economy.

Neither will controlling Iraqi oil sales in efforts to "curb terrorism".

On 8 Jul 2003 14:23:24 -0700, mogulah@hotmail.com (Transition Zone)
wrote:

Sure. They sell at a nifty profit because consumers want and buy theirproducts. USA/EU consumers thereby make a nifty saving. Saving is likeprofit. Read prior answering. Companies ....US Companies moved to so called low salary countries, such as China...just in order to reduce their production costs....allowing them to *maximizes their profit*...Beside of course so called subcontracting agreements, having similar effects. And at the same time....in the EU and the USA people are just pushed out of their jobs...or are facing salary dumping. The globalization did also *globalize* the *employment market*.... This neo-liberal practice will not be very helpful in order allowing recovery of the actual global economy.Neither will controlling Iraqi oil sales in efforts to "curb terrorism".

And I would have expected answers in line with the subject..instead of
that kind of blunt stupidity.

Regards
--
Pieter Wenk /CH-1800 Vevey - Rivièra Vaudoise
These capitalists generally act harmoniously, and in concert, to fleece
the people.
--Abraham Lincoln, 1837
¤º°`°º¤ø,¸¸,ø¤º°`°º¤ø,¸¸,ø¤º°`°º¤ø,¸¸,ø¤º°`°º¤ø¤º° `°º¤ø,¸¸,ø¤º°`°º¤ø,

On Sat, 12 Jul 2003 13:55:47 -0400, Social Americans <sa@no.spam.less>
wrote:
Transition Zone wrote: Pieter Wenk <pwenk@urbanet.ch> wrote in message news:<3olrgvol588dcpdj2isj935ipgsqrtdmqd@4ax.com>... On 8 Jul 2003 14:23:24 -0700, mogulah@hotmail.com (Transition Zone) wrote: >> > >> >Sure. They sell at a nifty profit because consumers want and buy their >> >products. USA/EU consumers thereby make a nifty saving. Saving is like >> >profit. >> >> Read prior answering. Companies ....US Companies moved to so called >> low salary countries, such as China...just in order to reduce their >> production costs....allowing them to *maximizes their profit*...Beside >> of course so called subcontracting agreements, having similar effects. >> >> And at the same time....in the EU and the USA people are just pushed >> out of their jobs...or are facing salary dumping. >> >> The globalization did also *globalize* the *employment market*.... >> >> This neo-liberal practice will not be very helpful in order allowing >> recovery of the actual global economy. > >Neither will controlling Iraqi oil sales in efforts to "curb terrorism". And I would have expected answers in line with the subject..instead of that kind of blunt stupidity. Blunt stupidity of going into a country and ending up unilaterally controlling its oil and its sales is worse. So is defending it.The big Federal Reserve banks should do more to create jobs here in America, rather than shipping themoff overseas for cheap, slave labor wages.

Nope. But putting some dissuasive customs duties on imports would for
sure have the requested impact.

With the US annual foreign exchange out of balance, hitting this year
new record levels...you will likely soon be *forced* in taking such
measures.

Regards
--
Pieter Wenk /CH-1800 Vevey - Rivièra Vaudoise
These capitalists generally act harmoniously, and in concert, to fleece
the people.
--Abraham Lincoln, 1837
¤º°`°º¤ø,¸¸,ø¤º°`°º¤ø,¸¸,ø¤º°`°º¤ø,¸¸,ø¤º°`°º¤ø¤º° `°º¤ø,¸¸,ø¤º°`°º¤ø,

Go dubya go.

"Moya" <will@NO_SPAMADAMUSKA.COM> wrote in message news:<ARednSXcRaGLHpqiXTWJiA@giganews.com>... And after 20 years at the same job, I lost mine May 1st. My trade used to be in demand, now theres no work. What am I to do? No money for school, state employment office is a joke for folks like me. I will be that guy you see on the steet corner holding a sign. "Homeless, will work for food." "Mr Robert J. Cornholio" <robert_j_cornholio@yahoo.com> wrote in message news:9e85604.0307030459.4c44a83e@posting.google.co m... "Jobless Rate Hits 6.4 Pct., 9-Year High'' by LEIGH STROPE, AP Labor Writer WASHINGTON - The nation's unemployment rate shot up to 6.4 percent in June, the highest level in more than nine years, in an economic slump that has cost nearly a million jobs in the last three months. Businesses slashed 30,000 jobs just last month, with cuts heavily concentrated on factory assembly lines, the Labor Department (news - web sites) reported Thursday. The 0.3 percentage point increase from May's 6.1 percent rate was the largest month-to-month rise since the Sept. 11, 2001 terror attacks. That surprised analysts who predicted a smaller rise, to 6.2 percent. The last time the overall rate was higher was in April 1994. While recent economic indicators point to an economy struggling toward recovery, the latest report demonstrated that America's job market was still very much in a state of recession last month. Since March, unemployment has increased by 913,000. Two million people were unemployed for 27 weeks or more last month, an increase of 410,000 since the start of the year. Only in March 1994 was the unemployment rate higher. Another factor behind the increase in the overall civilian unemployment rate was the increase in the number of people seeking work in June. Optimism about an economy rebound led over 600,000 people to resume their search for work. Because the government calculates the overall unemployment rate based on a survey of American households, and because the lackluster economy wasn't producing enough jobs to accommodate increasing number of job-seekers, that rate increased significantly. Manufacturing led in payroll cuts last month, with 56,000 jobs lost. Since July 2000, the nation's factories have cut 2.6 million jobs. That sector has been the weakest link in the economy's ability to get back to full speed. Slack demand at home and abroad and competition from a flood of imports have throttled back production. Construction jobs helped offset manufacturing losses somewhat last month, with the fourth straight gain in hiring. Construction has added 101,000 jobs since February, reflecting strength in residential building. The mortgage boom, stoked by record low rates, has been the bright spot in the dismal economy. People are buying new homes and refinancing their old mortgages. The extra cash from refinancing combined with solid home-value appreciation have kept consumer spending afloat. Other hiring gains last month were in health care, leisure and hospitality and temporary employment services. In a separate report, new claims for jobless benefits rose last week to 430,000, an increase of a seasonally adjusted 21,000 from the previous week's revised 409,000 claims. The more stable, four-week moving average of claims, which smooths out weekly fluctuations, dropped to 425,000. That was the lowest level since April 5.

Go dubya go to hell



"Transition Zone" <mogulah@hotmail.com> wrote in message
news:3f224cda.0307131121.2b4ba4ff@posting.google.c om... Go dubya go. "Moya" <will@NO_SPAMADAMUSKA.COM> wrote in message
news:<ARednSXcRaGLHpqiXTWJiA@giganews.com>... And after 20 years at the same job, I lost mine May 1st. My trade used to be in demand, now theres no work. What am I to do? No money for school, state employment office is a joke for folks like me. I will be that guy you see on the steet corner holding a sign. "Homeless, will work for food." "Mr Robert J. Cornholio" <robert_j_cornholio@yahoo.com> wrote in message news:9e85604.0307030459.4c44a83e@posting.google.co m... "Jobless Rate Hits 6.4 Pct., 9-Year High'' by LEIGH STROPE, AP Labor Writer WASHINGTON - The nation's unemployment rate shot up to 6.4 percent in June, the highest level in more than nine years, in an economic slump that has cost nearly a million jobs in the last three months. Businesses slashed 30,000 jobs just last month, with cuts heavily concentrated on factory assembly lines, the Labor Department (news - web sites) reported Thursday. The 0.3 percentage point increase from May's 6.1 percent rate was the largest month-to-month rise since the Sept. 11, 2001 terror attacks. That surprised analysts who predicted a smaller rise, to 6.2 percent. The last time the overall rate was higher was in April 1994. While recent economic indicators point to an economy struggling toward recovery, the latest report demonstrated that America's job market was still very much in a state of recession last month. Since March, unemployment has increased by 913,000. Two million people were unemployed for 27 weeks or more last month, an increase of 410,000 since the start of the year. Only in March 1994 was the unemployment rate higher. Another factor behind the increase in the overall civilian unemployment rate was the increase in the number of people seeking work in June. Optimism about an economy rebound led over 600,000 people to resume their search for work. Because the government calculates the overall unemployment rate based on a survey of American households, and because the lackluster economy wasn't producing enough jobs to accommodate increasing number of job-seekers, that rate increased significantly. Manufacturing led in payroll cuts last month, with 56,000 jobs lost. Since July 2000, the nation's factories have cut 2.6 million jobs. That sector has been the weakest link in the economy's ability to get back to full speed. Slack demand at home and abroad and competition from a flood of imports have throttled back production. Construction jobs helped offset manufacturing losses somewhat last month, with the fourth straight gain in hiring. Construction has added 101,000 jobs since February, reflecting strength in residential building. The mortgage boom, stoked by record low rates, has been the bright spot in the dismal economy. People are buying new homes and refinancing their old mortgages. The extra cash from refinancing combined with solid home-value appreciation have kept consumer spending afloat. Other hiring gains last month were in health care, leisure and hospitality and temporary employment services. In a separate report, new claims for jobless benefits rose last week to 430,000, an increase of a seasonally adjusted 21,000 from the previous week's revised 409,000 claims. The more stable, four-week moving average of claims, which smooths out weekly fluctuations, dropped to 425,000. That was the lowest level since April 5.