The Big Lie about Unemployment

« Reply #30 on: August 07, 2004, 09:37:46 AM »

dain

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We need to keep the current unemployment figures in perspective. Typicallly, 5.5 is good in the U.S. economy. The only time we've dipped below that is the cold war economy of the mid-1960s and the bubble economy of the late 1990s (after 1997). So, attacks on Bush for slow job creation need to be put in context...we shouldn't expect a 100,000 jobs a month, not at this low level of unemployment.

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« Last Edit: August 07, 2004, 09:42:40 AM by dain »	Logged

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The Big Lie about Unemployment

« Reply #31 on: August 01, 2006, 09:20:55 AM »

SchoolTeacher Offline

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They complain about unemployment here in the capitalist US, look at what is considered good in Socialist Germany. Remember we have 4.6% unemployment here in the US.

German unemployment falls to near two-year low

PrintE-mailDisable live quotesRSSDigg itDel.icio.usBy Steve Goldstein, MarketWatch
Last Update: 8:22 AM ET Aug 1, 2006

LONDON (MarketWatch) - German unemployment fell to nearly a two-year low, according to data released Tuesday, reinforcing expectations that the European Central Bank will raise its base rate later this week.
The seasonally adjusted jobless rate in Germany shrank to 10.6% from a downwardly-revised 10.8% in June. The number of jobless declined 84,000.
"It's a very good figure," said Alexander Koch, an economist at German bank HVB.

http://www.marketwatch.com/News/Story/Stor...&dist=bigcharts


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The Big Lie about Unemployment

« Reply #32 on: August 01, 2006, 09:25:09 AM »

SchoolTeacher Offline

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French unemployment rose for the first time in three years on Tuesday, sparking fears that it is finally being hit by the global economic slowdown.
The jobless rate in Europe's second largest economy rose by 0.1% to 8.8% in June.

Commenting on the data, French Labour Minister Elisabeth Guigou tried to shifted attention to positive trends such as a reduction in unemployment among young people, a drop in long-term unemployment and a sharp reduction in forced redundancies in June.

Strong economic growth has helped France trim dole queues since the Socialist-led government inherited a 12.6% jobless rate in 1997.

French downturn? Socialists using economic growth to trim the dole? What is going on? Are they closet Reaganites? Supply-siders?

http://news.bbc.co.uk/1/hi/business/1466515.stm


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The Big Lie about Unemployment

« Reply #33 on: August 01, 2006, 09:29:23 AM »

SchoolTeacher Offline

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Ooooops, here is a more recent report.

The Labour Department said on Thursday that unemployment dropped to 9 percent in June, from 9.1 percent the previous month, the lowest level in four years. Looks like the socialist miracle was short lived.

http://today.reuters.com/business/newsarti...C1-ArticlePage1


« Last Edit: August 01, 2006, 09:38:17 AM by AdamSmith »	Logged

The Big Lie about Unemployment

« Reply #34 on: August 01, 2006, 09:45:48 AM »

SchoolTeacher Offline

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Employment is more or less steadily growing throughout the EU, but it is far from the Lisbon targets of an overall employment rate of 70% in 2010 and of 67% in 2005. In some countries with very slow growth (for instance in Italy and the UK), the figures reflect the decline of the total population rather than the creation of new jobs. In other countries, like France and Hungary, job growth is either stagnating or declining.

http://www.euractiv.com/en/socialeurope/eu.../article-146513