JOBS DISASTER

New York Post ^ | January 10, 2004 | PAUL THARP

[sarcasm]

January 10, 2004 -- A big hole is tearing through the economy's sails, knocking Wall Street for a loop and dimming optimism for 2004.

The damage began yesterday when dismal employment numbers triggered an economic chain reaction that tore across markets and stunned even the most pessimistic economists.

[RaceBannon]

1000?

Not 130,000?

I wonder if they consider temp jobs and temp hirings. I would like to see those numbers in the raw and applied to these studies.

[Leisler]

Here in eastern Massachusetts the unemployment rate is zero, where it's been for years. Jobs go begging. We could of put a 1,000 to work in a day. However, housing cost are brutally high due to decades of small town, county and state socialist/environmental planning. Matter of fact, some planning has been planed three or four times.

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[dagnabbit]

One thousand Jobs? We'd better open up the borders to 20 million folks from the third world.

[sarcasm]

The report is HERE

[dawn53]

Let's see, my UPS guy had a temp worker with him to help over Christmas.

So that's 1 of the 1000.

I have a hard time believing the numbers too, unless, these temp workers aren't included, or they got their jobs in November.

Traditional businesses, other than retail, have never done alot of hiring in December.

[tbpiper]

JOBS DISASTER

Hopeful headline from the NY Compost.

[lelio]

They 1000 are net new jobs, which they should stress in articles. So if Company A lays of 10 while Company B hires 11 that's a +1 net job growth.

Also keep in mind that we have to add around 120k new net jobs a month just to keep up with the increase in the labor pool. So while a +1000 number is incredibly bad, keep in mind that means 119k couldn't find a job.

[RaceBannon]

Manufacturing employment was down by 26,000 in December. From September to December, employment in this industry declined at a slower pace than during the first 8 months of 2003. Employment in nondurable goods manufacturing decreased by 18,000 in December, with the largest losses in printing and related support activities (-4,000) and in textile mills (-3,000). Manufacturing lost 516,000 jobs in 2003 and has shed 2.8 million jobs since July 2000, the last month it recorded a gain.

WOW!

http://www.bls.gov/news.release/empsit.nr0.htm

[CasearianDaoist]

They are right. Nexyt week will be a disater for the markets. The dow may shed a thousand points. The dollar could go to 130 against the Euro. It will not be pretty.

A jobs report that is off 99% is a real market killer. It make the Administration and the Fed look like idiots by being so far off the mark.

[RaceBannon]

You're saying Boston is hiring??

[sarcasm]

Employment in manufacturing has declined for 41 consecutive months.

[dawn53]

Thanks for the explanation.

[RiflemanSharpe]

he job situation will be the big issue in this years election. And I do not think that it will improve much,until we address the trade imbalance and offshoring. McJobs can not support a middle class.

[RiflemanSharpe]

he = The

[lainde]

bttt

[getgoing]

trip to Mexico- erase the borders- economy must readjust to met the 2005 goal?

"Globalists are maneuvering America into a merger with the rest of the Western Hemisphere via 'free trade' agreements. Their goal, as with the EU, is regional government."
http://www.thenewamerican.com/tna/2002/05-06-2002/vo18no09_borders.htm

[doosee]

Meanwhile, in the real world, ski slopes are booming. I dont think stats from one month are going to sink the recovery. American companies continue to make more product with less employees, equating to productivity and higher profits.

[CDHart]

"I would like to see those numbers in the raw and applied to these studies."

So would I. The quarterly reports from employers re the fourth quarter won't even come in until close to the end of January. I wonder where they get these statistics?

Carolyn