Comments on: Unemployment datapoint of the day http://blogs.reuters.com/felix-salmon/2009/10/22/unemployment-datapoint-of-the-day-4/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: Peter Bean http://blogs.reuters.com/felix-salmon/2009/10/22/unemployment-datapoint-of-the-day-4/comment-page-1/#comment-8294 Fri, 30 Oct 2009 03:42:49 +0000 http://blogs.reuters.com/felix-salmon/2009/10/22/unemployment-datapoint-of-the-day-4/#comment-8294 Here’s what I don’t understand about the inflation anxiety. Inflation results from aggregate demand rather than money supply. Dollars sitting in bank accounts shouldn’t affect prices. So I don’t think the low interest rates and massive deficits that are normally associated with inflation are at this moment, with private borrowing so far off, a danger to cause inflation. Now when the borrowing and lending come back our large deficits will become dangerous. We’ll need to raise taxes. I’m concerned we won’t have the will-power and the dollar will suffer.

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By: VennData http://blogs.reuters.com/felix-salmon/2009/10/22/unemployment-datapoint-of-the-day-4/comment-page-1/#comment-8256 Sat, 24 Oct 2009 00:06:36 +0000 http://blogs.reuters.com/felix-salmon/2009/10/22/unemployment-datapoint-of-the-day-4/#comment-8256 If you correct for the masses that are “getting into” growing pot in California, suddenly it all seems to make sense.

And, at least we’re getting back to the land… well an abandoned subdivision in Riverside anyway.

I predict the price of weed will drop by 2011. I hope it’s in the Fed models cause it’s gonna be huge.

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By: David3 http://blogs.reuters.com/felix-salmon/2009/10/22/unemployment-datapoint-of-the-day-4/comment-page-1/#comment-8254 Fri, 23 Oct 2009 22:37:50 +0000 http://blogs.reuters.com/felix-salmon/2009/10/22/unemployment-datapoint-of-the-day-4/#comment-8254 I disagree with this statement, “The overwhelming majority of the working population will never be able to prepare themselves for a period of unemployment lasting more than six months.” If you strike the “be able to” I will be in agreement.

There is an old rule that you should save for 3-6 months of wages in case of unemployment. Having a business degree and being a student of history, I doubled this rule when I left college. This savings pot is to include only CDs and money market investments. The investments are a sepearate bucket.

Human tendency is to project current earnings into the future. This is the real issue.

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By: Noumenon http://blogs.reuters.com/felix-salmon/2009/10/22/unemployment-datapoint-of-the-day-4/comment-page-1/#comment-8243 Fri, 23 Oct 2009 11:46:59 +0000 http://blogs.reuters.com/felix-salmon/2009/10/22/unemployment-datapoint-of-the-day-4/#comment-8243 I fear that the only way it’s likely to come down any time soon is as these people become so demoralized that they take themselves out of the labor force altogether.

Hey — what if the reason this number’s so high is that people aren’t dropping out of the labor force for some reason? Too risky, or extended unemployment benefits, or something?

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By: csodak http://blogs.reuters.com/felix-salmon/2009/10/22/unemployment-datapoint-of-the-day-4/comment-page-1/#comment-8234 Thu, 22 Oct 2009 21:34:44 +0000 http://blogs.reuters.com/felix-salmon/2009/10/22/unemployment-datapoint-of-the-day-4/#comment-8234 dWj…” it’s not hitting an unusual number of people, but is hitting those it hits harder.” Did you work for Alan Greenspan’s economic analysis team?

The unemployment rate has not been this high since 1948 with the exception of 1982 and most analysts predict we will exceed 1982’s monthly high of 10.8. What Ivory Tower do you live in that you so easily dismiss the discouraged work force which drives the unemployment rate closer to 20%? Layoffs are hitting an unusually large segment of the population and yes, they are being locked out of the labor market for much longer.

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By: imapopulistnow http://blogs.reuters.com/felix-salmon/2009/10/22/unemployment-datapoint-of-the-day-4/comment-page-1/#comment-8230 Thu, 22 Oct 2009 20:33:46 +0000 http://blogs.reuters.com/felix-salmon/2009/10/22/unemployment-datapoint-of-the-day-4/#comment-8230 There will be millions of ruined families before this is over.

Does the Democratic Party even care anymore? They seem to be more interested in fund raising, fighting FOX News and creating bigger government programs instead of helping out working people. I really do not understand Washington anymore.

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By: dWj http://blogs.reuters.com/felix-salmon/2009/10/22/unemployment-datapoint-of-the-day-4/comment-page-1/#comment-8225 Thu, 22 Oct 2009 19:22:26 +0000 http://blogs.reuters.com/felix-salmon/2009/10/22/unemployment-datapoint-of-the-day-4/#comment-8225 Interesting. If average duration of unemployment doubles while unemployment doubles, that would indicate no change in the number of people losing their jobs. That’s not quite what we have here — even putting aside the “discouraged” unemployed, the unemployment rate has a bit more than doubled, and the duration has not quite. Still, this suggests that the hit from slack in labor demand is somewhat concentrated; it’s not hitting an unusual number of people, but is hitting those it hits harder.

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