Announcement

Collapse
No announcement yet.

UNEMPLOYMENT highest since daddy bush

Collapse
This topic is closed.
X
X
  • Filter
  • Time
  • Show
Clear All
new posts

  • #16
    UNEMPLOYMENT highest since daddy bush

    On Sun, 06 Jul 2003 12:57:40 GMT, Werner Hetzner <[email protected]>
    wrote:
    Pieter Wenk wrote:
    On Thu, 03 Jul 2003 13:36:40 GMT, Werner Hetzner <[email protected]>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.Regards
    You 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 - Rivira Vaudoise
    These capitalists generally act harmoniously, and in concert, to fleece
    the people.
    --Abraham Lincoln, 1837
    `,,`,,`,,` `,,`,

    Comment


    • #17
      UNEMPLOYMENT highest since daddy bush

      On Sun, 06 Jul 2003 13:03:22 GMT, Werner Hetzner <[email protected]>
      wrote:
      Pieter Wenk wrote:
      On Sat, 05 Jul 2003 04:06:58 GMT, Werner Hetzner <[email protected]>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 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 - Rivira Vaudoise
      These capitalists generally act harmoniously, and in concert, to fleece
      the people.
      --Abraham Lincoln, 1837
      `,,`,,`,,` `,,`,

      Comment


      • #18
        UNEMPLOYMENT highest since daddy bush

        Pieter Wenk <[email protected]> wrote in message news:<[email protected]>. ..
        On Sun, 06 Jul 2003 13:03:22 GMT, Werner Hetzner <[email protected]> wrote:
        Pieter Wenk wrote:
        On Sat, 05 Jul 2003 04:06:58 GMT, Werner Hetzner <[email protected]>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 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".

        Comment


        • #19
          UNEMPLOYMENT highest since daddy bush

          On 8 Jul 2003 14:23:24 -0700, [email protected] (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 - Rivira Vaudoise
          These capitalists generally act harmoniously, and in concert, to fleece
          the people.
          --Abraham Lincoln, 1837
          `,,`,,`,,` `,,`,

          Comment


          • #20
            UNEMPLOYMENT highest since daddy bush

            On Sat, 12 Jul 2003 13:55:47 -0400, Social Americans <[email protected]>
            wrote:
            Transition Zone wrote:
            Pieter Wenk <[email protected]> wrote in message news:<[email protected]>. ..
            On 8 Jul 2003 14:23:24 -0700, [email protected] (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 - Rivira Vaudoise
            These capitalists generally act harmoniously, and in concert, to fleece
            the people.
            --Abraham Lincoln, 1837
            `,,`,,`,,` `,,`,

            Comment


            • #21
              UNEMPLOYMENT highest since daddy bush

              Go dubya go.

              "Moya" <[email protected]_SPAMADAMUSKA.COM> wrote in message news:<[email protected]>...
              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" <[email protected]> wrote in message news:[email protected] 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.

              Comment


              • #22
                UNEMPLOYMENT highest since daddy bush

                Go dubya go to hell



                "Transition Zone" <[email protected]> wrote in message
                news:[email protected] om...
                Go dubya go. "Moya" <[email protected]_SPAMADAMUSKA.COM> wrote in message
                news:<[email protected]>...
                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" <[email protected]> wrote in message news:[email protected] 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.

                Comment

                Working...
                X