Thursday, March 1, 2018

Your good news of the day

 The U.S. Dept of Labor is reporting unemployment claims have dropped to 210,000.  That’s the lowest jobless number since December 6th, 1959.

7 comments:

  1. Good news, but I still want to know why the Stock Market keeps tanking. It's weird!

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  2. I got laid off 10 months ago. I am averaging 2 "in-person" interviews a month and I cannot get a a second interview or an offer. I have a dark cloud over me.

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    Replies
    1. Tony, if you are a younger man, get into the trade unions apprenticeship problems. They pay you while they train you. If older, manufacturing is taking off as well as warehousing. Also 2 in-person interviews is great, but keep in mind that business processes result in slow hiring, even for the second interview.

      I retired from a well known automaker. I told friends trying to get hired to continue reapplying and always state that this is my # time of applying because I want to work for one of the top 3 companies in the area.

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    2. Fastrock is giving you some sound advice. I am a former union
      Millwright. The mechanical trades allow any young man to
      acheive a solid middle class income. Right now in my trade Journeyman wages are about 45 dollars an hour. Consider
      the overtime on a month long refinery shutdown at 60 hours a
      week.

      Every hour we worked, the employer contributed sevral dollars
      an hour that went into your vacation fund. You paid the tax
      up front and got two VERY large vacation checks every 6
      months plus full medical and dental benefits. If you have
      to travel, you got generous per diems.

      Consider any of the industrial trades; welder, electrician,
      pipe fitter, steelworker, you name it. A young man can
      easily break a hundered fifty grand a year. All you have to do
      is be willing to learn, and an appretice earns as he learns!

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  3. A long ago I leared an intereting fact about unemployment numbers.
    5 percent unemployment was considered full employment becase at
    any given time, there were that many people between jobs. Things
    may have changed since then because far too many people are sucking
    off the government tit.

    Numbers this low at this point in time is nothing less than astounding!
    During Obonzo's terms, he did some statistical sleight of hand. By
    discounting all the people who fell off the labor rolls, he used the
    U-6 figure to make his unemployment statistics better than they were.

    On another Blog, someone asked if Trump was using the same methodology.
    I hit the BLS website and did some poking around. I discovered that
    Trump's figures were the real deal! Since the U-6 is the total of
    all unemployment indexes, it would always be the highest index. The
    only way Obiteme could get away with this was if the workforce
    participation rate was artificially low.

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