Comments on: Jobs: Bad news or good sign?

By: Nikkei 225

Nikkei 225 — Sat, 09 May 2009 14:32:41 +0000

A huge number of all the manufacturing jobs that have been shed will never return to the Us or to Europe. Multinationals took advantage of the recession to sack their expensive Us/European workforce and once the economy starts to recover they will create new production facilities in low wage countries.

By: yr

yr — Sat, 09 May 2009 01:17:00 +0000

The next ‘job machine’ is the US census: 1,400,000 temp government jobs during 2009 and 2010, starting now.
Nothing else.

By: Vince

Vince — Sat, 09 May 2009 00:34:54 +0000

hector, the method that was used to calculate unemployment rate back in the great depression era is vastly different from today. I believe the rule was changed in the late 80′s or early 90′s. There were some economists that say the unemployment rate is around 15 to 16% (using the same method as the great depression). And that’s the figure they calculated two months ago. Now is probably up to 18%.

By: Gabe

Gabe — Fri, 08 May 2009 16:10:44 +0000

All recessions end at one point, just as all booms end , this recession is about to end because the economy is getting back on it’s feet , when the cause of the downturn is gone, the downturn ends, the banks are about to get out of the bad situation, I say this is time to jump on this train.

By: Michael

Michael — Fri, 08 May 2009 16:06:13 +0000

539,000 is still a lot and thinking that more than 5 million lost their jobs in a year. How will you get them employed? What is the next job machine? Will there be one? We had the semiconductors and the internet….. The alternative energies will produce not more than 200,000 not more. USA and the world has a big problem for years to come.

By: william

william — Fri, 08 May 2009 14:41:42 +0000

I am very limited in my understanding of economics but from what I see locally the markets are jumping the gun and falling right back into the same trap. I feel the authorities are consolidating wealth. I feel soon there will economic collapse such as that was barely avoided last year. I think the avoidance of the meltdown emboldened people to keep their faith in a dying system.

By: hector

hector — Fri, 08 May 2009 14:12:04 +0000

…..9% …. seems a LONG way from the media induced hysteria that we were headed for the GREAT DEPRESSION, where unemplyment was 25%. Allow 3% for hard core unemployed and 4% for persons seeking new jobs. The 9% is hardly cause for doom-and-gloom. 539,000 lost their jobs last month is HALF the picture. How many got jobs? Come on media — stop the self-serving hype.