basho:

“nothing to cheer about here.”

Unless myabe you were one of the ones who got a job.

Thanks, I appreciate it.  I’ve been working again for well over a year now, but I lost 5 months.  It wasn’t nearly as bad as many people have it, and we were and are again a 2-income household and had resources.

But it’s rough when you KNOW sooner or later the resources will dry up if you don’t land something. I met people who were getting dunned constantly and wouldn’t answer their cell phones—and had to decide which bill was the most important to pay, who could be pushed off the longest, etc. 

While there’s been lots of yammerin’ about people taking out loans they couldn’t afford, how many COULD afford them—until their job was shipped to India or China or Indonesia?  I haven’t seen the numbers on foreclosures of people who lost jobs who HAD been able to keep up while working.

Every increase in employment should mean SOMEBODY is going to be able pay their mortgage.

“What you don’t understand is the bleeding is over and now the healing can start. “

for your sake and all the rest of the folks out there without a job, i do hope you’re right.

When you are one getting laid off, the numbers don’t mean a damn thing.  All it means is you can say you were laid off and it’s not a black mark because it’s everywhere.

And when you get a job again, also the numbers don’t mean anything, other than you have a paycheck again.  Been there, done that.

What you don’t understand is the bleeding is over and now the healing can start.  It’s like a cruise ship trying to reverse directions…..it takes a LONG time to stop, and a long time to come up to speed in the opposite direction.  ANY jobs growth is better than ANY jobs lost.

“The United States economy added 151,000 jobs in October”

at this rate it will only take about 10 years to make up for all the job losses using the ‘official’ stats of 10% unemployment. the unofficial number is 20+% (not govt manipulated)

of the 150k ‘new’ jobs, how many of them are in mfg?
the u.s. does not have a mfg. base to support more hiring.
corps. are sending their money to asia and europe.

these were mostly service jobs— minimum wage.

nothing to cheer about here.

TARP was no good, the stimulus was no good.

But somehow, the bleeding has stopped. The hemorrhaging of jobs has ended.  Now, maybe we can start creating them again—until Boehner and his gang actually come to power.

This is october folks, it’s when the retail sector does all of it’s hiring for the holidays (all minimum wage based no benefit jobs) all the while the economy is still seeing about 450,000 newly unemployed every month.

You doin’ a helluva job, Brownie.

The jobless rate has not fallen substantially this year largely because job growth has been barely fast enough to absorb new entrants to the labor force. And even if the economy suddenly ramps up and starts adding 208,000 jobs a month — the average during the best year of job creation this decade — it would take 12 years to fully close the gap between the growing number of American workers and the total number of jobs available, according to Brookings Institution’s Hamilton Project

That paragraph just about sums up the situation.  Despite all the cheering for the creation of a few jobs, the seriousness problem of unemployment is not going anywhere soon.