Unemployment Jumps to 9.6%

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Sanity -> Unemployment Jumps to 9.6% (9/3/2010 9:41:15 AM)
And the president has graciously made plans to take time out from his busy vacation schedule to address the issue: quote: Obama to Comment Friday on Jobless Report Obama to comment on unemployment report Friday before going to Camp David retreat Thank God for that laser-like focus of his

Archer -> RE: Unemployment Jumps to 9.6% (9/3/2010 9:43:15 AM)
Just to be fun bashing on Obama Here's another thing Obama has proven to be almost twice as good at Bush only had this rate in the 5% -7% range Obama has almost doubled the low end of that. LOL

popeye1250 -> RE: Unemployment Jumps to 9.6% (9/3/2010 9:49:20 AM)
quote: ORIGINAL: Sanity And the president has graciously made plans to take time out from his busy vacation schedule to address the issue: quote: Obama to Comment Friday on Jobless Report Obama to comment on unemployment report Friday before going to Camp David retreat Thank God for that laser-like focus of his Now he's off to Camp David again, after just returning from Martha's Vinyard two weeks ago? In this area (Myrtle Beach, SC) the unemployment rate is 14-17 % according to local news sources and the dept of employment security. And noone's hiring.

Sanity -> RE: Unemployment Jumps to 9.6% (9/3/2010 9:49:22 AM)
Its alright. God knows the Libbers had enough fun bashing on Bush... [;)] quote: ORIGINAL: Archer Just to be fun bashing on Obama Here's another thing Obama has proven to be almost twice as good at Bush only had this rate in the 5% -7% range Obama has almost doubled the low end of that. LOL

jlf1961 -> RE: Unemployment Jumps to 9.6% (9/3/2010 10:05:34 AM)
quote: WASHINGTON – Private employers hired more workers over the past three months than first thought, a glimmer of hope for the weak economy ahead of the Labor Day weekend. But the unemployment rate rose because not enough jobs were created to absorb the growing number of people looking for work. Guess that part of the news really doesnt matter

tazzygirl -> RE: Unemployment Jumps to 9.6% (9/3/2010 10:22:33 AM)
quote: ORIGINAL: popeye1250 quote: ORIGINAL: Sanity And the president has graciously made plans to take time out from his busy vacation schedule to address the issue: quote: Obama to Comment Friday on Jobless Report Obama to comment on unemployment report Friday before going to Camp David retreat Thank God for that laser-like focus of his Now he's off to Camp David again, after just returning from Martha's Vinyard two weeks ago? In this area (Myrtle Beach, SC) the unemployment rate is 14-17 % according to local news sources and the dept of employment security. And noone's hiring. Foreign workers fill tourism-related jobs in Myrtle Beach area

brokedickdog -> RE: Unemployment Jumps to 9.6% (9/3/2010 10:26:55 AM)
quote: ORIGINAL: popeye1250 quote: ORIGINAL: Sanity And the president has graciously made plans to take time out from his busy vacation schedule to address the issue: quote: Obama to Comment Friday on Jobless Report Obama to comment on unemployment report Friday before going to Camp David retreat Thank God for that laser-like focus of his Now he's off to Camp David again, after just returning from Martha's Vinyard two weeks ago? In this area (Myrtle Beach, SC) the unemployment rate is 14-17 % according to local news sources and the dept of employment security. And noone's hiring. A bit of a guess here popeye. You on the scene and would know better than I... But I imagine MB to be tourist and vacation home type of place, or at least to have a substantial percentage of the local economy wrapped up in that. I also imagine building of vacation homes has pretty much ground to a halt. The unemployment rate that is reported is typically only half the real unemployment rate. Also unemployment in the construction trades/industry is about double the overall unemployment rate. Taking your high number of 17%, doubling to 34%, and doubling again to 68%... Whew! That is a pretty grim picture. We ARE in a world of trouble and mostly it doesn't seem to be getting any better. Housing, mortgages and foreclosure are the areas I stay most informed about. Last month we had a double whammy with housing sales dropping off the chart AND a significant rise in new foreclosure filings. I see no circumstances whatsoever in which either of these could be viewed as a positive thing. Neither have I seen anyone looking at the overall picture (or any of the causal details) with an open mind that is geared specifically towards real solution/s. More like three blind men, all with a preconceived idea and agenda, touching an elephant. Personally I don't care to assess blame. Diagnosing a problem so that proper remedy can be put in place is another thing. I try not to cross the diagnosis line to such a point that it becomes nothing more then ineffectual blaming. If blaming is really anyone's motive then I figure they have already biased and barred themselves from looking at any and all potential solutions.

popeye1250 -> RE: Unemployment Jumps to 9.6% (9/3/2010 11:08:25 AM)
Dog, you're right in the ballpark. They did overbuild here but prices didn't skyrocket like up North so they haven't fallen like up North either. You can buy three condos here for the price of one up North! And it's mostly "touristy" here and also about 110 golf courses, not much industry at all. I guess it's a lot of retirees like me on pensions who keep things rolling. I bought a 3 b/r 2 bath condo (1,300 sq. ft.)on a golf course in 2004 for $84 k brandnew and they're probably worth $100k now. And, my yearly real estate taxes on this place are,.........$380. For the same thing in N.H. where I moved here from it would have cost me $350 k and the taxes would be $5,000! That's why I can drive a Lincoln MKS now! It's downright cheap to live here compared to up North especially if you're on a pension and, the Carolinas have some of the best weather in the country.

tazzygirl -> RE: Unemployment Jumps to 9.6% (9/3/2010 11:25:58 AM)
I lived in MB for 9 years. LOVED the weather. Hated the evacuations... lol. But, per the article i supplied, it seems not many there want to do the "lower end" or work for the industry there. Its a tourist community.. and snow birds who would rather eat out than cook. I made killer money there as a waitress. I recall many servers coming down from the north over the summer to work. Seems those days are gone and they are now hiring visa workers to come in and fill those positions. It is a tourist community. When people cant, or fear, spending money, those communities will quickly feel the hit. Unemployment of the number you quote doesnt surprise me at all. Here in Pittsburgh, for june, the last reported month i can find, it was 8.3 percent.

Fellow -> RE: Unemployment Jumps to 9.6% (9/3/2010 1:01:17 PM)
Things start getting psychologically depressing. I hope people in the US find a way to organize their communities independently from the government. Otherwise, they will loose it and the riots are around the corner. http://www.truthdig.com/report/item/waking_up_in_the_1930s_20100903/ quote: .....They listen daily to banal statistics—consumer indices, home prices, housing starts, unemployment insurance claims—intoned by newscasters batting the cycle of adjectives for up and down, and they hope for no sound reason that these same talking heads that propelled them to invest in stocks and homes that would only appreciate will imminently announce a combination of factors that will dispel this economic morass. It’s as if those contentious, post-ironic Shepard Fairey “Hope” stickers that remain plastered across the nation continue to radiate hypnotic beams convincing the viewer that prosperity is just around the corner....

domiguy -> RE: Unemployment Jumps to 9.6% (9/3/2010 6:37:29 PM)
quote: ORIGINAL: popeye1250 Dog, you're right in the ballpark. They did overbuild here but prices didn't skyrocket like up North so they haven't fallen like up North either. You can buy three condos here for the price of one up North! And it's mostly "touristy" here and also about 110 golf courses, not much industry at all. I guess it's a lot of retirees like me on pensions who keep things rolling. I bought a 3 b/r 2 bath condo (1,300 sq. ft.)on a golf course in 2004 for $84 k brandnew and they're probably worth $100k now. And, my yearly real estate taxes on this place are,.........$380. For the same thing in N.H. where I moved here from it would have cost me $350 k and the taxes would be $5,000! That's why I can drive a Lincoln MKS now! It's downright cheap to live here compared to up North especially if you're on a pension and, the Carolinas have some of the best weather in the country. I am sure pops woud never lie.... http://www.yourhomeatthebeach.com/ Myrtle Beach Condos The condo has been the hardest hit sector of the Myrtle Beach real estate market. The price have dropped 50-60% in some cases, and now things are really starting to pick up. Not only have the prices dropped, but many of the POA fees for owning the condo have also dropped. Those two factors and low interest rates make condo ownership more affordable than ever before.

cloudboy -> RE: Unemployment Jumps to 9.6% (9/3/2010 8:37:26 PM)
Who doesn't long for the Clinton years now. I wonder how we pissed away all that peace and prosperity of the 90s. What happened?

willbeurdaddy -> RE: Unemployment Jumps to 9.6% (9/3/2010 9:33:26 PM)
quote: ORIGINAL: cloudboy Who doesn't long for the Clinton years now. I wonder how we pissed away all that peace and prosperity of the 90s. What happened? Reality, not the illusion of peace and prosperity that was the 90s. The illusion of peace created by treating the threat from the ME as a crime problem, and the illusion of prosperity propped up by the dot.com mania.

luckydawg -> RE: Unemployment Jumps to 9.6% (9/3/2010 10:01:11 PM)
quote: ORIGINAL: domiguy quote: ORIGINAL: popeye1250 Dog, you're right in the ballpark. They did overbuild here but prices didn't skyrocket like up North so they haven't fallen like up North either. You can buy three condos here for the price of one up North! And it's mostly "touristy" here and also about 110 golf courses, not much industry at all. I guess it's a lot of retirees like me on pensions who keep things rolling. I bought a 3 b/r 2 bath condo (1,300 sq. ft.)on a golf course in 2004 for $84 k brandnew and they're probably worth $100k now. And, my yearly real estate taxes on this place are,.........$380. For the same thing in N.H. where I moved here from it would have cost me $350 k and the taxes would be $5,000! That's why I can drive a Lincoln MKS now! It's downright cheap to live here compared to up North especially if you're on a pension and, the Carolinas have some of the best weather in the country. I am sure pops woud never lie.... http://www.yourhomeatthebeach.com/ Myrtle Beach Condos The condo has been the hardest hit sector of the Myrtle Beach real estate market. The price have dropped 50-60% in some cases, and now things are really starting to pick up. Not only have the prices dropped, but many of the POA fees for owning the condo have also dropped. Those two factors and low interest rates make condo ownership more affordable than ever before. Still with that Liberal reading comprehension issue. "in some cases", I guess if you were sort of dumb you might think that applies to the condo market in general, not just "in some cases". If you were that dumb you would obviously be a Obama supporter.

domiguy -> RE: Unemployment Jumps to 9.6% (9/4/2010 12:20:50 AM)
seems like a bit of a personal attack....How much did you enjoy your time off?

domiguy -> RE: Unemployment Jumps to 9.6% (9/4/2010 12:23:30 AM)
I thought popeye was talking about Myrtle Beach...The article cited is specifically about Myrtle Beach. Where is the comprehension issue? Me ? Not so much.

StrangerThan -> RE: Unemployment Jumps to 9.6% (9/4/2010 12:48:50 AM)
quote: ORIGINAL: domiguy quote: ORIGINAL: popeye1250 Dog, you're right in the ballpark. They did overbuild here but prices didn't skyrocket like up North so they haven't fallen like up North either. You can buy three condos here for the price of one up North! And it's mostly "touristy" here and also about 110 golf courses, not much industry at all. I guess it's a lot of retirees like me on pensions who keep things rolling. I bought a 3 b/r 2 bath condo (1,300 sq. ft.)on a golf course in 2004 for $84 k brandnew and they're probably worth $100k now. And, my yearly real estate taxes on this place are,.........$380. For the same thing in N.H. where I moved here from it would have cost me $350 k and the taxes would be $5,000! That's why I can drive a Lincoln MKS now! It's downright cheap to live here compared to up North especially if you're on a pension and, the Carolinas have some of the best weather in the country. I am sure pops woud never lie.... http://www.yourhomeatthebeach.com/ Myrtle Beach Condos The condo has been the hardest hit sector of the Myrtle Beach real estate market. The price have dropped 50-60% in some cases, and now things are really starting to pick up. Not only have the prices dropped, but many of the POA fees for owning the condo have also dropped. Those two factors and low interest rates make condo ownership more affordable than ever before. I grew up in the Carolinas. That perspective helps when tossing banal attacks on one's veracity. Pops perspective is an accurate portrayal of most who moved North to South. If you want my credentials on making such a statement, it comes from growing up in a family who built homes. Easily, 90 percent went to folks from some point north wherein a large percentage of them noted similar sentiments. To spell it out for you domi, not dropping in one area like another area, means that someone like pops could still sell his home or condo up north, move down, buy something nice on the cheap because it never skyrocketed to the same levels. What you can do is hunt out exceptions anywhere, which is fortunate for someone talking out their ass about something they know nothing about.

Vendaval -> RE: Unemployment Jumps to 9.6% (9/4/2010 2:46:20 AM)
Fast Reply - If you want to take a look at the actual Bureau of Labor Stats go here - Regional and State Employment and Unemployment Summary For release 10:00 a.m. (EDT) Friday, August 20, 2010 "Regional Unemployment (Seasonally Adjusted) The West reported the highest regional unemployment rate in July, 10.8 percent, while the Northeast recorded the lowest rate, 8.8 percent. No region experienced a statistically significant over-the-month unemploy- ment rate change. The Midwest was the only region to register a signif- icant rate change from a year earlier (-0.6 percentage point). (See table 1.) Among the nine geographic divisions, the Pacific continued to report the highest jobless rate, 11.5 percent in July. The West North Central regis- tered the lowest rate, 7.0 percent, followed by the West South Central, at 7.9 percent. The East South Central was the only division to experience a statistically significant unemployment rate change from a month earlier (-0.4 percentage point), and the West North Central was the only division to post a significant over-the-year jobless rate change (-0.6 point). " http://www.bls.gov/news.release/laus.nr0.htm

domiguy -> RE: Unemployment Jumps to 9.6% (9/4/2010 11:52:47 AM)
quote: ORIGINAL: StrangerThan quote: ORIGINAL: domiguy quote: ORIGINAL: popeye1250 Dog, you're right in the ballpark. They did overbuild here but prices didn't skyrocket like up North so they haven't fallen like up North either. You can buy three condos here for the price of one up North! And it's mostly "touristy" here and also about 110 golf courses, not much industry at all. I guess it's a lot of retirees like me on pensions who keep things rolling. I bought a 3 b/r 2 bath condo (1,300 sq. ft.)on a golf course in 2004 for $84 k brandnew and they're probably worth $100k now. And, my yearly real estate taxes on this place are,.........$380. For the same thing in N.H. where I moved here from it would have cost me $350 k and the taxes would be $5,000! That's why I can drive a Lincoln MKS now! It's downright cheap to live here compared to up North especially if you're on a pension and, the Carolinas have some of the best weather in the country. I am sure pops woud never lie.... http://www.yourhomeatthebeach.com/ Myrtle Beach Condos The condo has been the hardest hit sector of the Myrtle Beach real estate market. The price have dropped 50-60% in some cases, and now things are really starting to pick up. Not only have the prices dropped, but many of the POA fees for owning the condo have also dropped. Those two factors and low interest rates make condo ownership more affordable than ever before. I grew up in the Carolinas. That perspective helps when tossing banal attacks on one's veracity. Pops perspective is an accurate portrayal of most who moved North to South. If you want my credentials on making such a statement, it comes from growing up in a family who built homes. Easily, 90 percent went to folks from some point north wherein a large percentage of them noted similar sentiments. To spell it out for you domi, not dropping in one area like another area, means that someone like pops could still sell his home or condo up north, move down, buy something nice on the cheap because it never skyrocketed to the same levels. What you can do is hunt out exceptions anywhere, which is fortunate for someone talking out their ass about something they know nothing about. Here is what pops said. quote: ORIGINAL: popeye1250 I bought a 3 b/r 2 bath condo (1,300 sq. ft.)on a golf course in 2004 for $84 k brandnew and they're probably worth $100k now. . Pops, much like yourself has been known to be frequrently wrong on just about every topic that he chooses to participate in. My article specifically states..... quote: ORIGINAL: domiguy http://www.yourhomeatthebeach.com/ Myrtle Beach Condos The condo has been the hardest hit sector of the Myrtle Beach real estate market. The price have dropped 50-60% in some cases, and now things are really starting to pick up. Not only have the prices dropped, but many of the POA fees for owning the condo have also dropped. Those two factors and low interest rates make condo ownership more affordable than ever before. Which would be in direct contrast to what popeye has written. Please try and stay on topic. It would be so nice for a change. Many people out here have rather strong opinions about you.

pahunkboy -> RE: Unemployment Jumps to 9.6% (9/4/2010 11:59:17 AM)
Hopefully goldman gets their bonuses. STOMP

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