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O.C. jobless rate falls to 2.9% (Orange County, CA)
The Orange County Register ^ | Friday, December 10, 2004 | By JAMES B. KELLEHER

Posted on 12/10/2004 12:12:30 PM PST by So Cal Rocket

Orange County’s unemployment picture improved dramatically in November, with the local jobless rate falling to its lowest level in three-and-a-half years as builders, hotels and restaurants, and accountants, lawyers and other professional service providers added to their payrolls.

As a result, the county’s unemployment rate fell to 2.9 percent last month, the state Employment Development Department said today, its lowest level since May 2001 and down from 3.6 percent a year ago. The number of officially unemployed people in the county also fell to a three-and-a-half-year low of 46,900.

California’s labor market improved last month as well, the EDD said. The state’s jobless rate fell to 5.7 percent in November, its lowest point since September 2001, and down from 6.6 percent in November 2003.

(Excerpt) Read more at ocregister.com ...


TOPICS: Business/Economy; Front Page News; US: California
KEYWORDS: thebusheconomy
This low unemployment rate is becoming a problem for many employers trying to add staff... We can't get offers out fast enough - before someone else nabs a good candidate, or when we do, their current employer makes a great counteroffer.
1 posted on 12/10/2004 12:12:30 PM PST by So Cal Rocket
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To: So Cal Rocket

You can make me an offer!


2 posted on 12/10/2004 12:14:04 PM PST by cmsgop
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To: So Cal Rocket

I thought OC had an endless supply of Mexicans and Asians? I thought that native-born Americans were being forced out of California because they couldn't find jobs? I thought Southern California was a third world cesspool with a high unemployment rate? /sarcasm


3 posted on 12/10/2004 12:14:09 PM PST by Clemenza (Gabba Gabba Hey!)
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To: So Cal Rocket

One problem with relocating to OC: housing costs. There is not a chance in hell that I, as a young professional, would take a job down there only to wind up commuting from the Inland Empire.


4 posted on 12/10/2004 12:15:07 PM PST by Clemenza (Gabba Gabba Hey!)
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To: cmsgop

Are you CATIA 5 certified?


5 posted on 12/10/2004 12:18:43 PM PST by So Cal Rocket (Proud Member: Internet Pajama Wearers for Truth)
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To: So Cal Rocket

And STILL no pro football team...


6 posted on 12/10/2004 12:23:25 PM PST by muleskinner
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To: So Cal Rocket

Lockheed?


7 posted on 12/10/2004 12:25:24 PM PST by muleskinner
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To: Clemenza

The housing costs are outrageous but today is DECEMBER 10TH and it's going to be 80 degrees without a cloud in the sky today!


8 posted on 12/10/2004 12:27:08 PM PST by ConservativeAgenda (Don't rely upon others to stand up for what you believe is right!)
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To: So Cal Rocket
Dam! I am only Shih-Tzu 2.0 Certified!
9 posted on 12/10/2004 12:32:49 PM PST by cmsgop
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To: So Cal Rocket

Job reports in my area (Central Virginia) were recently posted, and for the three county area where I live, the rate was actually below 2%, indicating a SHORTAGE OF WORKFORCE!!


10 posted on 12/10/2004 12:33:12 PM PST by Dubya-M-Dees (If you're pregnant.. it's a baby..)
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To: So Cal Rocket

the "bad" thing about a killer economy is that it's a vacuum for immigrants. if that's a bad thing.


11 posted on 12/10/2004 12:35:04 PM PST by the invisib1e hand (if a man lives long enough, he gets to see the same thing over and over.)
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To: Dubya-M-Dees

Anything below 4.5% is considered dangerous. Shortages and inflation will follow.


12 posted on 12/10/2004 12:36:43 PM PST by bayourod ("current laws against hiring illegal workers are virtually unenforceable" Tom Tancredo 12/08/04)
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To: Clemenza

That is a big problem in So Cal in general. Your standard middle class house is running at, or above, $500K. Houses have typically been sold before they get listed.


13 posted on 12/10/2004 1:15:17 PM PST by TheDon (The Democratic Party is the party of TREASON)
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To: So Cal Rocket

I have experience with Autocad, Protel, and and Pro-E.


14 posted on 12/10/2004 1:17:32 PM PST by Tempest (Click on my name for a long list of press contacts)
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Comment #15 Removed by Moderator

To: So Cal Rocket

It's all Bush's fault.


16 posted on 12/10/2004 3:34:26 PM PST by American Infidel (It's Over Johnny. IT'S OVER!!")
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To: So Cal Rocket; Ernest_at_the_Beach; SierraWasp; RonDog; tubebender; Shermy; Liz

17 posted on 12/10/2004 4:48:42 PM PST by Grampa Dave (Writers of hate GW/Christians/ Republicans Articles = GIM=GAY INFECTED MEDIOTS!)
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To: So Cal Rocket

Hey I know what that is...


18 posted on 12/10/2004 4:51:12 PM PST by Ernest_at_the_Beach (A Proud member of Free Republic ~~The New Face of the Fourth Estate since 1996.)
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To: Grampa Dave

ROFL!!

Nice Graphic....


19 posted on 12/10/2004 4:52:01 PM PST by Ernest_at_the_Beach (A Proud member of Free Republic ~~The New Face of the Fourth Estate since 1996.)
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To: So Cal Rocket

First one to post pic(s) from the show gets a free zot. :)


20 posted on 12/10/2004 4:54:08 PM PST by Tealc (Mail me if you want on or off my Jaffa, Kree! ping list)
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To: Grampa Dave

Amazing. I guess Dims will be overjoyed (/sarc).


21 posted on 12/10/2004 6:18:25 PM PST by Liz
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To: Clemenza
One problem with relocating to OC: housing costs. There is not a chance in hell that I, as a young professional, would take a job down there only to wind up commuting from the Inland Empire.

Hey, if the freeway traffic did not drive you mad the price of gas for the commute would drive you broke. Seems like the only place to look if you live in the inland empire, though, is Orange County. That or the casino.

22 posted on 12/10/2004 6:33:08 PM PST by BJungNan (Stop Spam - Do NOT buy from junk email.)
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To: bayourod
Anything below 4.5% is considered dangerous. Shortages and inflation will follow.
Says who?

23 posted on 12/10/2004 9:57:29 PM PST by sixmil (In Free Trade We Trust)
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To: So Cal Rocket

ping


24 posted on 12/10/2004 10:01:29 PM PST by investigateworld (( ))
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To: So Cal Rocket

Hey that is great!


25 posted on 12/10/2004 10:06:11 PM PST by occutegirl ("She is too fond of books, and it has turned her brain." ~ Louisa May Alcott)
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To: Clemenza

Orange County is the Oasis from all of that


26 posted on 12/10/2004 10:06:41 PM PST by occutegirl ("She is too fond of books, and it has turned her brain." ~ Louisa May Alcott)
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To: Liz

Sometime next year, they will start shrieking and whining about inflation.


27 posted on 12/11/2004 6:49:28 AM PST by Grampa Dave (Writers of hate GW/Christians/ Republicans Articles = GIM=GAY INFECTED MEDIOTS!)
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To: Grampa Dave

They have some guy in a green eyeshade who gives the whine-on-command signal.


28 posted on 12/11/2004 7:16:59 AM PST by Liz (FReepers keep Christmas in their hearts all year long.)
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To: Liz

They have some guy in a green eyeshade who gives the whine-on-command signal.



Actually it is the elitist rats in charge of the left wing MSM. They control all political spewing of the rat pack.


29 posted on 12/11/2004 7:19:12 AM PST by Grampa Dave (Writers of hate GW/Christians/ Republicans Articles = GIM=GAY INFECTED MEDIOTS!)
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To: Grampa Dave

Whatever............they're talking to themselves......the rest of us aren't listening.


30 posted on 12/11/2004 7:26:50 AM PST by Liz (FReepers keep Christmas in their hearts all year long.)
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To: sixmil
I took college economics before you were probably born. But as best I recall The Employment Act of 1942 set the definition of "Full Employment" at 4.5%. If you research it you may look under "The Full Employment Act" because most economists don't known that the name was changed in committee to drop the word "Full".

Most economist believe that there is a trade-off between employment and inflation.

31 posted on 12/11/2004 12:29:28 PM PST by bayourod (Our troops are already securing our borders against terrorists. They're killing them in Iraq.)
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To: bayourod
Couldn't find the act, but I did stumble upon a pretty cool website that I had heard about before:

Full employemnt definition

Anyway, the supply siders have a bunch of theories that rest on 'overemployment' causing inflation. In fact, I believe the entire neocon world view of economics rests on this premise. I simply don't buy it. It makes since that everybody has money so they're all out running up prices on everything. But that isn't really what happens. The supply of stuff to spend those dollars on automatically increases to meet the demand.

Inflation is all about the supply and demand for money. When the gov't has a loose money policy, more money gets borrowed which raises the supply. If this moves faster than demand, you get too much money out there which means inflation.

I agree that controlling inflation should be the top or one of the top priorities. But I also think it could be held even lower than the 2.5% or so that we seem to be able to hold steady. You can still have everyone employed, but you need to watch the money supply pretty closely.

32 posted on 12/11/2004 10:10:36 PM PST by sixmil (In Free Trade We Trust)
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To: sixmil
That was an interesting website and article.

"supply siders have a bunch of theories that rest on 'overemployment' causing inflation"

The economics class I took in college was about ten years before the advent of supply siders. The book that popularized supply side economics is The Way The World Works by Jude Wannaski. It introduced the Laffer curve to the populace and was influential in the Reagan administration.

Reagan was converted to supply side theory by Jack Kemp. It was easy because Reagan was so old that he learned economics before Lord Keynes replaced Adam Smith as the father of economics.

Don't dismiss the inflationary impact of a tight labor market both by creating shortages in bottneck points as well as the wage-push factor.

33 posted on 12/11/2004 10:40:41 PM PST by bayourod (Our troops are already securing our borders against terrorists. They're killing them in Iraq.)
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To: Tealc

I've never been zotted. Does it hurt?

34 posted on 12/11/2004 10:44:57 PM PST by Yaelle
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To: Yaelle
It might. ;)


35 posted on 12/12/2004 12:33:34 PM PST by Tealc (Mail me if you want on or off my Jaffa, Kree! ping list)
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