Announcement

Collapse

Forum Rules (Everyone Must Read!!!) (updated: 04/28/2015)

Welcome to the Bankruptcy Forum. Bankruptcy (BK) Forum is known as BKForum.com and will be referred to as BKF hereinafter. In order to ensure a long term success of our vibrant community, we have established certain rules and guidelines to which everyone must adhere to. Please take your time to carefully read our rules, before you start to participate in the community.

Things you agree to do:
BKFORUM.com (BKF) users agree to use the search function before starting a new thread. This prevents duplicate discussions and allows for better organized topics.

All BKF users agree to read the sticky posts which may be available at the top of a forum page. These Sticky posts often contain valuable information. They may also outline more rules and guidelines specific for that particular forum, stickies are put in place by that forums moderator(s) or admin(s).

Things you agree not to do:

All BKF users agree not to call people names or write a post simply to make a personal attack, or get a negative reaction; this behavior is not allowed on our forum. The use of derogatory language aimed at anyone will be severely dealt with. There is no need to agree with each other, or to even like each other. However, by signing onto BKForum.com you agree to treat each member and guest with the respect they deserve. No threats or personal attacks will be allowed.

All BKF users agree not to discuss, engage, or encourage any behavior or activity which violates the law. Discussion of drugs, violence, murder, theft, vandalism, fraud or any other issue which could be used to help individuals break the law is strictly forbidden.

All BKF users agree not to "bump" old threads, unless there is a specific benefit to the community by doing so. But in most cases, please don't post in very old threads, instead start new threads.

All BKF users agree not to attempt/use another members account. It is against BKF rules to use any account other than your own. Impersonating another member will result in an immediate ban. It is also against the rules to open more than one account in your own name without permission from a moderator or administrator. If you have been banned for any reason, it is against the rules to open another account. If you were banned temporarily and you are caught using another account you will be banned permanently. Choosing a moniker which is similar in either sound or spelling as a moderator or administrator is strictly forbidden.

All BKF users agree not to private message any moderator, admin, or other member with questions related to their personal circumstances (Questions about the forum or issues with the forum are ok). This forum only works when members share their experience and insights with everyone.

Things you agree not to post:
All BKF users agree not to post any derogatory/racist/or sexist remarks. This includes attachments, links and all information contained within posts, signatures, and avatars, failure to comply with this rule will result in a permanent ban.

All BKF users agree not to post any copyrighted or trademarked information without the express written permission of the owner(s) / proper citation of source.

All BKF users agree not to post any real names, addresses, telephone numbers, email addresses, social security numbers, or any other personal details (their own or other people's).

All BKF users agree not to post links, pictures, attachments, videos, or the like of pornographic content, objectionable material or extreme violence, whether cartoon or real.

All BKF users agree not to use BKF for advertising purposes without a written contract between yourself/company/agent and the administration of BKF. Blatant advertising will result in a ban.

All BKF users agree not to spam the forums. Spam includes but is not limited to posting erroneous, non-relevant-useless, off-topic, or meaningless posts. Spam may also include posts which contain no text, or large areas of blank space between lines. Simply posting emoticons without text is considered spam. BKF is the largest bankruptcy message board and all the content is intended to help other users. Please help us improve the quality of our forum by making sure that your posts are well-worded, spell checked, grammatically correct and syntaxed.

Regarding actions of moderators and administrators:

The forum is no place to air out your opinion or be judgmental of our staff and its capabilities.

All BKF users agree not to abuse or mistreat moderators or administrators. It is against BKF rules to post any information regarding bans or any other action taken by a member of the moderating or administrative team. If you wish to discuss bans or warnings please do so via PM. To place a complaint against a moderator, send a PM to a super moderator. All Moderators are equal, any decision made by a moderator must be adhered to. If a moderator tells you something you do not like, do not go to another moderator looking for a different answer. If you are caught doing this you will be banned. The moderators work as a team and respect the decisions made by their peers and will help enforce them unless an administrator tells them differently.
If you have an issue with how the forum is run, then notify one of our administrator and we will look into the situation. We have in the past and still do appreciate any input that you offer this forum. But critical input and/or judgmental postings towards the staff will result in you getting banned.


Should you find a thread offensive or out of line, then notify a Mod in a PM so they can evaluate the situation and do the action deemed necessary.

All moderators do have active "other" lives outside of the forum and help moderate this forum in their spare time throughout the days and weeks.

If you have a problem with a member or Mod follow the proper channels of reporting it.

BKF reserves the right to delete any posts which contain anti-BKF comments or discussion. Any bashing of moderators or administrators, or any of their discussion or actions will also be deleted, and the responsible posting party(s) will be banned. Any public anti-BKF advertising, communication, or posts on another forum will result in permanent bans as well.

All warnings and bans are decided by individual moderators and administrators. Warnings are preferable to bans however, for serious offenses and repeat abusers bans will go into effect. The length of the bans can vary from several hours to permanent.

All messages posted or sent including through PM are the property of BKforum.com.

All BKF users agree not to advertiser on the forum (Niether by posting, private messaging or using your signature). If you are a company/attorney/legal adviser wishing to advertise on the site or sell a product, you must contact the head administrator and inquire about our advertising packages.

All bankruptcy related opinions expressed on BKForum.com are those of their authors and not necessarily of BKF, its staff or representatives.

You agree not to copy any material/post/content from BKF without written permission from our head administrator .

By posting on this forum you agree to these terms and conditions, including any punishment deemed appropriate by moderators or administrators in the event of an offense.

Administrators/Moderators can change these rules at any time without prior notice.
See more
See less

Unemployment 8.8% for March 2011

Collapse
X
  • Filter
  • Time
  • Show
Clear All
new posts

  • Unemployment 8.8% for March 2011

    04/01/2011

    The March 2011 monthly unemployment figures show the official unemployment rate decreased to 8.8% and the total jobs gained were 216,000, with 28,800 of those jobs being private temporary. Total private jobs came in at +230,000 with government jobs dropping -14,000.




    Those entering not in the labor force dropped by -11,000. The labor force participation rate was unchanged, 64.2%, the same as the previous two months. Those added to the civilian labor force was +160,000 and to the noncivilian population, +149,000. This is the lowest labor participation rate since March 1984. U6, or the broader unemployment measurement, dropped -0.2% to 15.7%.

    Below is the nonfarm payroll, the total number of jobs, seasonally adjusted. Since the start of the great recession, declared by the NBER to be December 2007, the United States has officially lost 7.245 million jobs. That does not take into account additional jobs needed to employ the United States increased population, but does include the jobs added over the over 3 year time period.



    Below is a running tally of how many official jobs permanently lost since the official start of this past recession (recall the private NBER has declared the recession over!). This is a horrific tally and notice this isn't taking into account increased population growth, which implies the United States needs to create at least 10.5 million jobs to break even from December 2007.



    We get a new graph of the alternative unemployment measurement, U-6, posted below. Here you can see the incredible increase in comparison to the beginning of this broader unemployment measurement.




    How can the unemployment rate decrease? Because there were 216,000 jobs plus noncivilian non-institutional population was only 149,000 this month, which is a monthly growth deceleration. Below is an annualized graph of civilian institutional population. We see a deceleration of population growth. It's from this category of people that potential workers come from.



    The population to employed ratio increased 0.1%. We finally had enough jobs created to go past the monthly increased of the civilian labor force, plus the estimates for non-institutional civilian population monthly growth have significantly reduced and non-institutional civilian population is the super set of potential workers.

    The civilian labor force increased by +160,000. Of those still in the civilian labor force, employed, increased by 291,000 in March, yet those unemployed dropped by -131,000. Those not in the labor force dropped by -11,000 in a month.

    The civilian non-institutional population are those 16 years or older not locked up somewhere or not in the military or so sick and disabled they are in a nursing home and so on.



    The increasingly low labor participation rate is now at 64.2%. If we go back to December 2007, the labor participation rate was 66%. The highest civilian labor participation rate was in January 2000, at 67.3%. What this means is there are almost 4.25 million people not be accounted for in the official unemployment rate who probably need a job and can't find one.

    \small \text (03/11 Civilian Population) * (\text 12/07 labor participation rate - \text 03/12 labor participation rate) :



    The employment to population ratio is now 58.5% which is 0.1% point above record lows. This isn't a structural change, such as all families decided to have a stay at home caretaker, or magically a host of people could retire early, this is people dropping out of the count.

    These numbers are important because unemployment is a ratio, percentage or during a limited time period, the number of people actively looking for a job and counted. Many people are not counted in the official unemployment statistics, due to definitions, but obviously when one has more potential workers and less jobs, that metric doesn't bode well for America.




    Below is the graph of the civilian non-institutional population, which is the largest super-set of the potential labor force, larger than the civilian workforce, due to those who are not looking for work, retired and so on being counted in this figure. This is why one must create jobs greater than the constant rate of jobs lost. There are more people to employ. Unemployment is a percentage, a ratio.

    The BLS unemployment report counts foreign temporary guest workers as well as illegal immigrants in their U.S. labor force statistics.



    One needs at least 175,000 and some estimate up to 375,000 permanent full time jobs, added each month just to keep pace with U.S. civilian workforce population growth. That's not general population, that's the group needing a job.

    While this report now gives two months of solid job growth, bear in mind it's not enough. Don't let the press or the politicians trying to blind you into thinking America doesn't have a jobs crisis.

    http://www.economicpopulist.org/cont...-88-march-2011
    8/4/2008 MAKE SURE AND VISIT Tobee's Blogs! http://www.bkforum.com/blog.php?32727-tobee43 and all are welcome to bk forum's Florida State Questions and Answers on BK http://www.bkforum.com/group.php?groupid=9

  • #2
    Thanks for posting the article, what a mess!

    Comment


    • #3
      Thanks for the article---tobeer43---and I'd love to know where
      the turnaround is and increase in jobs---and what a pile of )#()#*($.

      Comment


      • #4
        Originally posted by feelingnutsy View Post
        Thanks for the article---tobeer43---and I'd love to know where
        the turnaround is and increase in jobs---and what a pile of )#()#*($.
        abbey: welcome!

        feelingnutsy...you and ME both would like to know where they are.

        it's just like yesterday the news was saying cusomers are buying again...stores like costco, bjs and target were up last month.............duhhhhhhhh....TAX RETURN money and people are piling up on FOOD and HOUSEHOLD goods. although it was also stated bed, bath and beyond was up as well. sales always goes up when people have money to spend and tax return season is just that time of year..
        8/4/2008 MAKE SURE AND VISIT Tobee's Blogs! http://www.bkforum.com/blog.php?32727-tobee43 and all are welcome to bk forum's Florida State Questions and Answers on BK http://www.bkforum.com/group.php?groupid=9

        Comment


        • #5
          Originally posted by tobee43 View Post
          abbey: welcome!

          feelingnutsy...you and ME both would like to know where they are.

          it's just like yesterday the news was saying cusomers are buying again...stores like costco, bjs and target were up last month.............duhhhhhhhh....TAX RETURN money and people are piling up on FOOD and HOUSEHOLD goods. although it was also stated bed, bath and beyond was up as well. sales always goes up when people have money to spend and tax return season is just that time of year..
          My company is hiring....

          Comment


          • #6
            Originally posted by Logan View Post
            My company is hiring....
            logan!!! do you think they will pay for a relocation??? now that we just closed on this house in feburary. i LOVE new hampshire, it's beautiful there.

            there was also an interesting study done that was run by bu and rutgers u.....they send out over 200 resumes and those that were OLDER...not a ONE got a call for an interview...while the "younger" group with no experience got called in. interesting...fact is, personally i was told face to face i was too old by one law firm and i look darn good for my age...LOL!!!!!

            down here in my county we are still at 11.8% unemployment and it's not getting any better.
            8/4/2008 MAKE SURE AND VISIT Tobee's Blogs! http://www.bkforum.com/blog.php?32727-tobee43 and all are welcome to bk forum's Florida State Questions and Answers on BK http://www.bkforum.com/group.php?groupid=9

            Comment


            • #7
              Guys, take a look at this site: this is run by an economist and former BLS demographer, who charts data the way they were done before the fudges of the 80's and 90's...it's an eye opener!


              http://www.shadowstats.com/

              Comment


              • #8
                Originally posted by IamOld View Post
                Guys, take a look at this site: this is run by an economist and former BLS demographer, who charts data the way they were done before the fudges of the 80's and 90's...it's an eye opener!


                http://www.shadowstats.com/
                great site...and wow...now that explains it well.
                8/4/2008 MAKE SURE AND VISIT Tobee's Blogs! http://www.bkforum.com/blog.php?32727-tobee43 and all are welcome to bk forum's Florida State Questions and Answers on BK http://www.bkforum.com/group.php?groupid=9

                Comment


                • #9
                  Originally posted by tobee43 View Post
                  great site...and wow...now that explains it well.
                  Thanks!

                  Although it looks like the st. Louis Fed likes to use the REAL unemployment rate #'s!

                  Comment


                  • #10
                    Thanks for the info and link---IamOld---
                    and glad to see this---to see the reality that's going on.

                    Comment


                    • #11
                      Thank you feelingnutsy - the reality is grim...has been so for about 10 years...

                      Comment


                      • #12
                        Originally posted by Logan View Post
                        My company is hiring....
                        So is the company I work for and not all of them are minimum wage jobs, but management positions. In fact, the company I work for is opening several new locations this year and starting a new concept. We did real good last year, as my bonus and raise reflects. It's not all doom and gloom like some people thrive on thinking.

                        Comment


                        • #13
                          Originally posted by helpmeout View Post
                          So is the company I work for and not all of them are minimum wage jobs, but management positions. In fact, the company I work for is opening several new locations this year and starting a new concept. We did real good last year, as my bonus and raise reflects. It's not all doom and gloom like some people thrive on thinking.
                          Where I work we have quite a few folks (sadly not me) pulling down 500K plus per year...but we're not typical...

                          Comment


                          • #14
                            Originally posted by helpmeout View Post
                            So is the company I work for and not all of them are minimum wage jobs, but management positions. In fact, the company I work for is opening several new locations this year and starting a new concept. We did real good last year, as my bonus and raise reflects. It's not all doom and gloom like some people thrive on thinking.
                            Wanna pm me with company? Do they need an attorney by any chance???

                            Keep On Smilin'

                            Comment


                            • #15
                              helpmeout, i would also appreciate a pm on the company. as we both left new jersey because of not one job available. nice to hear someone is hiring. we though with all our contacts we would have heard someone was hiring up there!

                              so please pm's me with the company as well, both of us would love to apply.

                              it's only.... your statement about
                              It's not all doom and gloom like some people thrive on thinking.
                              "thinking" like this...at least for us, it not at all the case. it's been a physically and emotionally reality and it's very difficult to "thrive" on that reality of not being about to get a job. we don't thrive on the doom and gloom, unfortunately we live it. and we more "exist" than thrive.

                              our daughter also left new jersey approx. 9 months ago, as her husband whom has a double masters had not gotten a job in 5 years. no one would hire him, as you most likely know, the school systems in nj mandated higher salary starts for master leveled teachers. so, he tried to step out of that field, only to find for every job he applied for outside his field there were 100 applicants that had experience in that particular field and he wasn't even considered.

                              then we come to my son,who, as an extremely successful company based in new jersey. he can't find help at all. and has many openings......but the opening include someone that could handle lifting 50 or more pounds, can stand on their feet for 14 hours a day 7 days a week. if your over 60 that "usually" would exclude you.

                              additionally, if you lie on your application about your education it's a real problem if they find out...example was our son in law. he applied for a school system in one of the many nj counties, when they found out he "omitted" his masters....they told him he's never allowed to apply for a job there or any school district in their county.

                              once again, i would love to know ....other than my son, which maybe you work for him...LOL!!! who is hiring???
                              8/4/2008 MAKE SURE AND VISIT Tobee's Blogs! http://www.bkforum.com/blog.php?32727-tobee43 and all are welcome to bk forum's Florida State Questions and Answers on BK http://www.bkforum.com/group.php?groupid=9

                              Comment

                              Unconfigured Ad Widget

                              Collapse
                              Working...
                              X