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  1. #1
    Senior Member jp_48504's Avatar
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    U.S. jobless rate dips to 9/11 levels

    http://www.contracostatimes.com/mld/cct ... 093648.htm

    Posted on Sat, Jul. 09, 2005

    U.S. jobless rate dips to 9/11 levels

    By George Avalos

    CONTRA COSTA TIMES

    The nation's jobless rate in June improved to its best levels since the Sept. 11, 2001, terrorist attacks in a government report that depicts a solid employment market, although one not completely free of soft spots.

    The combination of steady job gains and a consistent improvement in the unemployment rate helped propel Wall Street on Friday. The Dow Jones industrial average soared by 147 points, or 1.4 percent. The broad-based S&P 500 index jumped 1.2 percent and the tech-focused Nasdaq Composite rocketed 1.8 percent higher.

    High energy costs are the biggest threat to the jobs rebound. Economists warn that rising crude oil prices might blunt the job market as employers hold off on hiring.

    Still, the nation's jobless rate fell to 5 percent, the lowest since September 2001. Job gains culled from a survey of employers totaled 146,000 in June, although that number fell somewhat below what analysts had predicted.

    That monthly update on jobs in the United States prodded some economists to argue that the government now consistently fails to account for all of the country's employment creation. The government's closely scrutinized payroll survey in June showed far less job growth than the less-watched household survey -- a trend that's been under way for about two years.

    The two surveys spring from different samples, which is why their results can vary. Employer payroll reports are the primary source for the payroll survey, which is favored by many economists because the sample is quite large. The household report is based on a poll of people at their homes that primarily asks whether they are employed or unemployed. Some economists believe the household survey can pick up employment trends more quickly. The differences enable some economists to argue that the job market is considerably stronger than the payroll survey indicates.

    "There is certainly an undercount of the number of jobs being created as measured by the payroll survey," said Mark Vitner, senior economist with Wachovia Securities. "The unemployment rate has come down steadily, the number of people unemployed for long term periods of time has come down, the number of discouraged workers has come down."

    The household survey has shown a gain of 2.5 million jobs in the United States over the last 12 months. The payroll survey also has shown a healthy rise -- but only 2.1 million new jobs. The household survey is also showing a faster rate of growth, rising 1.8 percent in a year compared with 1.6 percent more jobs measured through the payroll survey.

    Why does this job chasm persist? The U.S. Bureau of Labor Statistics is failing to properly gauge jobs being obtained by illegal immigrants and self-employed individuals, or being created through small companies and startups.

    "We are not counting jobs held by undocumented workers nearly as well as we did in the 1990s," Vitner said. "In the wake of the 9/11 attacks, many immigrants went underground following roundups of illegal immigrants at airports and other sensitive places. A lot of work has gone underground. In a lot of cases, these immigrants have formed their own companies."

    Immigrant entrepreneurs are far from alone: Small businesses account for about 75 percent of new-job creation, according to the Census Bureau, and they account for about 50 percent of the nation's total economic output.

    "We live in the most entrepreneurial economy in 100 years," said Brian Wesbury, an economist with Claymore Securities. "Technology is the real factor behind all this. All of the new software and computers makes it less expensive to run a company. Now technology lets any of us start a company."

    As people start new companies, they do not always appear right away in the federal database of employer payrolls, but they can show up on the government's monthly update on employed and unemployed Americans. This lag has created a divergence in job growth as measured by the two surveys that has persisted in 2005.

    The June labor report showed an increase of 146,000 jobs through the payroll survey and a jump of 163,000 jobs through the household survey. And for the first six months of 2005, the average monthly job gain in the payroll survey is 181,000, but the average monthly gain in the household survey is 247,000.

    "The labor market is a lot stronger than what people might imagine," Wesbury said.

    What's more, even the battered factory sector may be starting to turn around, said Anthony Chan, economist and managing director with J.P. Morgan Asset Management.

    "Most of the recent surveys suggest that manufacturing employment is turning the corner," Chan said. "We believe manufacturing is going to start to report more jobs and reverse course on its decline." Since manufacturing employment peaked in early 1998, that job sector has shed 3.4 million jobs.

    The solid employment picture is extending to the East Bay, according to Lauren Vergara, manager of the Walnut Creek office of Robert Half International.

    "It's really amazing how much the market has turned around," Vergara said. "We are getting plenty of business in the East Bay. A lot of clients are calling in with multiple job orders. It has become a marketplace that is starting to favor the job candidate more than the employer."
    George Avalos covers the economy, financial markets, and banks. Reach him at 925-977-8477 or gavalos@cctimes.com.
    I stay current on Americans for Legal Immigration PAC's fight to Secure Our Border and Send Illegals Home via E-mail Alerts (CLICK HERE TO SIGN UP)

  2. #2
    Jose's Avatar
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    Immigration is really killing us

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    In 1985 the average wage of a meat packer was $15.00 an hour, 2005 the average wage of a meat packer is $6.00 an hour. But the cost of cars and houses came down by the same amount.....right? Illegal immigration is a cancer killing us slowly!
    "Let my name stand among those who are willing to bear ridicule and reproach for the truth's sake." -- Louisa May Alcott

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    Senior Member Judy's Avatar
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    Unemployment always dips in the summer due to increased farm, tourist and construction activity.

    Jose, "immigration is really killing us"....so glad you noticed.

    A Nation Without Borders Is Not A Nation - Ronald Reagan
    Save America, Deport Congress! - Judy

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    Quote Originally Posted by Judy
    Unemployment always dips in the summer due to increased farm, tourist and construction activity.

    Jose, "immigration is really killing us"....so glad you noticed.

    Plus, all the people that could not find jobs while drawing unemployment are dropped from the rolls. I suggest a mexicanectomy. This cancer is killing us, LITERALLY.
    FAR BEYOND DRIVEN

  6. #6
    Senior Member jp_48504's Avatar
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    Quote Originally Posted by Sixx
    Quote Originally Posted by Judy
    Unemployment always dips in the summer due to increased farm, tourist and construction activity.

    Jose, "immigration is really killing us"....so glad you noticed.

    Plus, all the people that could not find jobs while drawing unemployment are dropped from the rolls. I suggest a mexicanectomy. This cancer is killing us, LITERALLY.

    Sixx, that is correct. They don’t mention the reason why unemployment is lower is because people have run out of benefits not because they have gained employment. More lies for the bureaucrats to make themselves look good. Pure evil.
    I stay current on Americans for Legal Immigration PAC's fight to Secure Our Border and Send Illegals Home via E-mail Alerts (CLICK HERE TO SIGN UP)

  7. #7
    Senior Member Judy's Avatar
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    That is correct. If you have been off benefits due to the length of unemployment which is 2 years, then you are in fact dropped from the rolls and no longer counted as unemployed. In addition, if you were unemployed at a good job that left the country or replaced with illegal aliens and to stay alive, you take a minimum wage part-time job to feed your family, then you are no longer counted....this is called UNDEREMPLOYMENT.

    That is the key source of the $200 Billion a year Americans have been forced to sacrifice in deflated wages and salaries according to Harvard University from excessive immigration into the United States.

    GET THESE PEOPLE OUT OF COUNTRY AND DEMAND YOUR $200 BILLION BACK....every year!!

    Simple!!

    Also, the US Labor Department has been playing around with figures and its reports to make things look better than they are. In a couple of weeks before the end of July, you will see a "correction". There has been one almost every month since before the 2004 election.

    Also, wages increased in June.....3/100 of a percent.

    If you make $20,000 a year, that would be $6. My guess is that all went to improved conditions for "illegals" in agriculture. You know they "organized"!

    AT this rate when foreign armies invade...well...or just drive across the border with El Presidente waving, tipping his sombrero, and cheering "Welcome" in 14 languages....they'll "organize" and demand we pay for their stay here!!



    UNDER PRESENT CONDITIONS, what or who would stop them?

    A Nation Without Borders Is Not A Nation - Ronald Reagan
    Save America, Deport Congress! - Judy

    Support our FIGHT AGAINST illegal immigration & Amnesty by joining our E-mail Alerts at https://eepurl.com/cktGTn

  8. #8
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    Quote Originally Posted by Judy
    That is correct. If you have been off benefits due to the length of unemployment which is 2 years, then you are in fact dropped from the rolls and no longer counted as unemployed. In addition, if you were unemployed at a good job that left the country or replaced with illegal aliens and to stay alive, you take a minimum wage part-time job to feed your family, then you are no longer counted....this is called UNDEREMPLOYMENT.

    That is the key source of the $200 Billion a year Americans have been forced to sacrifice in deflated wages and salaries according to Harvard University from excessive immigration into the United States.

    GET THESE PEOPLE OUT OF COUNTRY AND DEMAND YOUR $200 BILLION BACK....every year!!

    Simple!!

    Also, the US Labor Department has been playing around with figures and its reports to make things look better than they are. In a couple of weeks before the end of July, you will see a "correction". There has been one almost every month since before the 2004 election.

    Also, wages increased in June.....3/100 of a percent.

    If you make $20,000 a year, that would be $6. My guess is that all went to improved conditions for "illegals" in agriculture. You know they "organized"!

    AT this rate when foreign armies invade...well...or just drive across the border with El Presidente waving, tipping his sombrero, and cheering "Welcome" in 14 languages....they'll "organize" and demand we pay for their stay here!!



    UNDER PRESENT CONDITIONS, what or who would stop them?

    Sadly,Judy, no one. This is the reason that WE, ALL OF US, MUST come together and fight this evil or either give up. Me? I would rather die trying than not try at all and still die.

    "It is not the critic who counts, not the man who points out how the strong man stumbled, or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena; whose face is marred by the dust and sweat and blood; who strives valiantly; who errs and comes short again and again; who knows the great enthusiasms, the great devotions and spends himself in a worthy cause; who at the best, knows in the end the triumph of high achievement, and who, at worst, if he fails, at least fails while daring greatly; so that his place shall never be with those cold and timid souls who know neither victory or defeat." THEODORE ROOSEVELT
    (Paris Sorbonne,1910)
    FAR BEYOND DRIVEN

  9. #9
    Senior Member Judy's Avatar
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    Sadly,Judy, no one. This is the reason that WE, ALL OF US, MUST come together and fight this evil or either give up. Me? I would rather die trying than not try at all and still die.


    ME TOO SIXX AND YOU KNOW WHAT? I believe there are 250,000,000 Fellow Americans who would as well.

    "What or who would stop them?"

    WE will stop them!

    Who are WE?

    We are the Americans. The Leaders and Protectors of the Free World.

    That's who WE are, why WE are here, and what WE were all born to do.

    It has been our Destiny from the Beginning of our Nation to protect it and our Allies from CrackPots, evil little men scheming for world dominance so they can rule the world and line their pockets.

    Nothing new....old as the hills....but this time....they are already here and ruling our White House, our Congress, our Corporations, and many of our state departments. This time the enemy is different and already in our midst. But identified, we're watchin' 'em; we've got their numbers in the nick of time; counter-offensives are being drafted and some are in play; we've stalled some of their actions for little while; there is much more work to do; but we are all up to the challenge; and we will prevail!!

    DEFEAT CAFTA

    THROW THESE BUMS AND TRAITORS OUT

    SEAL OUR BORDERS

    DEPORT ILLEGALS

    RESTORE THE RULE OF LAW

    ENFORCE THE LAW

    Veeeery Simple!




    A Nation Without Borders Is Not A Nation - Ronald Reagan
    Save America, Deport Congress! - Judy

    Support our FIGHT AGAINST illegal immigration & Amnesty by joining our E-mail Alerts at https://eepurl.com/cktGTn

  10. #10
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    Quote Originally Posted by Judy
    Sadly,Judy, no one. This is the reason that WE, ALL OF US, MUST come together and fight this evil or either give up. Me? I would rather die trying than not try at all and still die.
    ME TOO SIXX AND YOU KNOW WHAT? I believe there are 250,000,000 Fellow Americans who would as well.

    Sixx says: Come October we will see. This cancer has not spread to Vermont, New Hampshire, and other states yet. But when TEXAS takes the stage with the MMP in October, the show is on.
    "What or who would stop them?"

    Sixx says: Yes. WE will. I am just one son of the South. It is going to take all of us to work this whole thing out.
    WE will stop them!

    Who are WE?

    We are the Americans. The Leaders and Protectors of the Free World.

    Sixx says: The Land of The FREE, Home of the BRAVE!!!!

    That's who WE are, why WE are here, and what WE were all born to do.

    It has been our Destiny from the Beginning of our Nation to protect it and our Allies from CrackPots, evil little men scheming for world dominance so they can rule the world and line their pockets.

    Sixx says: We are the right people for the right time!!!!

    Nothing new....old as the hills....but this time....they are already here and ruling our White House, our Congress, our Corporations, and many of our state departments. This time the enemy is different and already in our midst. But identified, we're watchin' 'em; we've got their numbers in the nick of time; counter-offensives are being drafted and some are in play; we've stalled some of their actions for little while; there is much more work to do; but we are all up to the challenge; and we will prevail!!

    DEFEAT CAFTA

    THROW THESE BUMS AND TRAITORS OUT

    SEAL OUR BORDERS

    DEPORT ILLEGALS

    RESTORE THE RULE OF LAW

    ENFORCE THE LAW

    Veeeery Simple!




    [/quote]

    Sixx says: I don't know why they say grown men don't cry!!!!
    FAR BEYOND DRIVEN

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