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A blue Christmas for many
Topic Started: Dec 6 2008, 11:03 AM (417 Views)
dumblonde
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http://www.nytimes.com/2008/12/06/business/economy/06idle.html?em

Grim Job Report Not Showing Full Picture
By DAVID LEONHARDT and CATHERINE RAMPELL
Published: December 5, 2008

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As bad as the headline numbers in Friday’s employment report were, they still made the job market look better than it really is. The unemployment rate reached its highest point since 1993, and overall employment fell by more than a half million jobs. Yet that was just the beginning. Thanks to the vagaries of the way that the government’s best-known jobs statistics are calculated, they have overlooked many workers who have been deeply affected by the current recession.

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Even Wall Street economists, whose analysis usually comes shaded in rose, seemed taken aback by the report. Goldman Sachs called the new numbers “horrendous.” Others said “dreadful” and “almost indescribably terrible.” In a note to clients, Morgan Stanley economists wrote, “Quite simply, there was nothing good in this report.” HSBC forecasters said they now expected the Federal Reserve to reduce its benchmark interest rate all the way to zero.
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Mtnman
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doom and gloom,,, keep on pushing it... we are going to Disney World for the Holidays... and not that many peeps are as worried as the media states.. we were at the store today and it was a fuk'n ZOO..
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archer
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Ahhhh...you must be a conservative mtnman...all is OK as long as you're OK....


....how I wish it really worked that way
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Mtnman
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it is fine,,, even the libs are out spending.. get a grip life ain't bad less'n you listen to the media and then you are a POS according to them..
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dumblonde
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Outta sight, outta mind eh? It's just a reminder that even though things are going well for us we might want to remember that our neighbors might need a little extra kindness. (strange concept for some here- I get that). Food banks and homeless shelters are being swamped. If you can help it'd be nice. I fill a couple of grocery bags for the food bank every time I shop.
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Mtnman
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Yup... donated a freezer to one so they can have meat to give out...
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The Punisher
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Something you should remember, db...

"You're missing the point I'm sure does not need making
That Christmas spirit is not what you drink."

From J.Tull "Christmas Song"
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dumblonde
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Wtf is that supposed to mean?
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Mtnman
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Ozzy again,,,,, :stars:
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The Punisher
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And you think your so high & mighty...
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