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<blockquote data-quote="wkmac" data-source="post: 686684" data-attributes="member: 2189"><p>Unionman,</p><p></p><p>A drop in the initial filing for unemployment claims is good but here's the otherside of that coin. Claims are still being filed meaning a loss in jobs continues (lesser loss rate granted) but is this drop the start of a trend ultimately towards positive job growth or has the national jobs market begun to now stablize to a new (lower) national standard of total number of jobs meaning over time that a new "lower" number will be the baseline of what full employment means? Those question(s) are obviously yet to be answered but if that is true, it's equally true that a drop in initial filings has to also be seen with caution. Glass half full maybe for some but with so many other factors in play across the globe, taking one single element as meaning Happy Days are here again is IMO very premature.</p><p></p><p>One other thing to consider in all of this, as we focus at home and as you pointed out, <a href="http://mises.org/daily/4091" target="_blank"><span style="color: red">economic rumblings continue across the planet.</span></a> The housing bubble has effected us at home but is this American problem the complete sole root cause of the global economic crisis that is and continues or are there much bigger fish we've not seen yet? Dare audit the Fed anyone?</p><p></p><p>In fairness to Obama and the democrats, had Clinton and the republican Congress not intervened when the DotCom bubble imploded and helped inflate the housing bubble more in the late 90's to benefit what should have been a contracting Wall Street, then further aided by Bush post 9/11 when again the economy signaled a need to reset, what Obama faces may not be near as bad or even there at all but then Who would have won in 2000', 2004, and yes even 2008'? Funny what we refuse to do and how it ultimately effects our reality but it makes for sport for people like me to say Obama is blowback from Bush and the republicans.</p><p><img src="/community/styles/default/xenforo/smilies/FeltTip/happy-very.png" class="smilie" loading="lazy" alt=":happy-very:" title="Happy Very :happy-very:" data-shortname=":happy-very:" /></p><p></p><p>8.4 million jobs lost since 2007' and adding 95k jobs per month. Do the math and if the addition over time holds, how long before we gain this 8.4 million jobs come back, (My math sez 7.3 years) and then what after that happens to those 95k per month growth if gov't stimulus is withdrawn and once withdrawn are those 95k per month new jobs sustainable via the private sector and not by public intervention? Were car sales sustainable at levels after the Cash for Clunkers ended? If this is true of cars, what will happen with jobs?</p><p><img src="/community/styles/default/xenforo/smilies/FeltTip/wink.png" class="smilie" loading="lazy" alt=":wink2:" title="Wink :wink2:" data-shortname=":wink2:" /></p></blockquote><p></p>
[QUOTE="wkmac, post: 686684, member: 2189"] Unionman, A drop in the initial filing for unemployment claims is good but here's the otherside of that coin. Claims are still being filed meaning a loss in jobs continues (lesser loss rate granted) but is this drop the start of a trend ultimately towards positive job growth or has the national jobs market begun to now stablize to a new (lower) national standard of total number of jobs meaning over time that a new "lower" number will be the baseline of what full employment means? Those question(s) are obviously yet to be answered but if that is true, it's equally true that a drop in initial filings has to also be seen with caution. Glass half full maybe for some but with so many other factors in play across the globe, taking one single element as meaning Happy Days are here again is IMO very premature. One other thing to consider in all of this, as we focus at home and as you pointed out, [URL='http://mises.org/daily/4091'][COLOR=red]economic rumblings continue across the planet.[/COLOR][/URL] The housing bubble has effected us at home but is this American problem the complete sole root cause of the global economic crisis that is and continues or are there much bigger fish we've not seen yet? Dare audit the Fed anyone? In fairness to Obama and the democrats, had Clinton and the republican Congress not intervened when the DotCom bubble imploded and helped inflate the housing bubble more in the late 90's to benefit what should have been a contracting Wall Street, then further aided by Bush post 9/11 when again the economy signaled a need to reset, what Obama faces may not be near as bad or even there at all but then Who would have won in 2000', 2004, and yes even 2008'? Funny what we refuse to do and how it ultimately effects our reality but it makes for sport for people like me to say Obama is blowback from Bush and the republicans. :happy-very: 8.4 million jobs lost since 2007' and adding 95k jobs per month. Do the math and if the addition over time holds, how long before we gain this 8.4 million jobs come back, (My math sez 7.3 years) and then what after that happens to those 95k per month growth if gov't stimulus is withdrawn and once withdrawn are those 95k per month new jobs sustainable via the private sector and not by public intervention? Were car sales sustainable at levels after the Cash for Clunkers ended? If this is true of cars, what will happen with jobs? :wink2: [/QUOTE]
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