View Full Version : job growth higher than expected in May.
Freakshow
06-04-2004, 11:25 AM
<a href="http://money.excite.com/ht/nw/bus/20040604/hle_bus-n04564392.html">but--shh. don't tell anyone. </a>
On a related note, unemployment in Northern Virginia is the lowest in the nation, I heard on the news the other day. Something like less than 2%, which is good because no unemployed person could even approach living here.
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DarkHippie
06-04-2004, 11:45 AM
This is great, but it's still sucking for me. And here's why:
I graduated from college at about the start of this depression. i went looking for entry level jobs, but the first thing to dry up are entry level jobs (businesses stop hiring before they start firing)
No jobby for me. (Keep in mine, I'm not exactly a schlub. i'm a pretty smart guy, and I work hard.)
I decide, that if no one's gonna hire me, i'll go into business for myself. Surprise. I'm not the only one jobless, and no one can afford to buy stuff. The business fails after 1 year.
So now that the job growth is up, i should find an entry level job, right? no. All the entry level jobs are going to mid-level employees who lost their jobs and are taking a pay cut. The people who should be entry level are still getting broomsticked.
Bitter? Yes, i'm tired of temping. I haven't even had a temp job in 2 weeks :(
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Teenweek
06-04-2004, 03:23 PM
I got laid off in January working in QA for a financial firm trading stocks. I got hired end of May working in QA for a financial firm trading bonds. So Fuck Yeah!!!! 4 more years! 4 more years!
Bush is opposite man when it comes ot the economy. When the economy was actually in the tank, he was getting decent ratings on the economy. Job growth has been very good the past few months along with good signs from just about all indicators, and his status in the polls on the economy is still going down.
EDIT: I still fondly remember when bad jobs reports would come out, and Bush administration officals would come out trumping the good news from the latest insignificant, obscure economic indicators. "Yeah, people don't have jobs, but guess what! Rat poison orders were up 3% in the last quarter! Mouthwash sales were up 7%! Good news is just around the corner!"
Maybe they should have kept on doing that. It seemed to have worked.
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This message was edited by HBox on 6-4-04 @ 7:32 PM
TheMojoPin
06-04-2004, 05:08 PM
I never noticed the unemployment problems really hitting this area during the slump, even with all the tech companies shutting down, so that "less than 2%" stat definitely seems right.
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furie
06-04-2004, 05:48 PM
at about the start of this depression.
Drama
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curtoid
06-04-2004, 07:12 PM
There was a graphic in the Washington Post a few weeks ago that showed that the DC area has had the largest growth, job wise, in the last year than any other region in the country. Of course they didn't put it into any real context (ie: "why"), and I haven't read anything more about it, but I can only assume that it is tied in with the war(s) and homeland security, which is just getting money hand over fist, while the Endangered Species Program over at the Dept of Interior/U.S. Fish and Wildlife continues to have it's budgets slashed (as one example).
Bush is opposite man when it comes ot the economy. When the economy was actually in the tank, he was getting decent ratings on the economy. Job growth has been very good the past few months along with good signs from just about all indicators, and his status in the polls on the economy is still going down.
I was thinking the same thing! Very funny, actually.
I never noticed the unemployment problems really hitting this area during the slump, even with all the tech companies shutting down, so that "less than 2%" stat definitely seems right.
Shit - I felt it, because I was one of the stats (those stats are skewed because of those who lived in VA and worked in DC, etc, etc). In '03 I sent out over 200 resumes, went on about 25 interviews, went on about 10 second interviews, went on about 3 third interviews, and ended up being offered two jobs - one that would have been a step back, and another that was a contract position without benefits. AND, I was on unemployment for the full amount - the 6 months PLUS the extension!
Yeah, life is just grand!
One job I interviewed for last year said they received over 300 applicants - and they didn't even post in the online version of The Washington Post, just the physical version of the paper.
Today I'm working several contract jobs, many of which will be ending soon, with some prospect of some work - however - it's still contract work with no safety net, and even when I look for work, the Washington Post employment section, which used to be so fat and healthy, is now skimpy as hell.
I know some others that are between jobs, and it's not easy. Advice if you have a job you hate: keep it. The alternative is much worse!
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This message was edited by curtoid on 6-4-04 @ 11:13 PM
furie
06-04-2004, 07:15 PM
Actually most agencies in DHS are having their budgets cut.
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monsterone
06-04-2004, 07:19 PM
This is great, but it's still sucking for me. And here's why:
I graduated from college at about the start of this depression. i went looking for entry level jobs, but the first thing to dry up are entry level jobs (businesses stop hiring before they start firing)
thank suny for that. you wopuld figure a state institution is about educating the masses, but it's just another industry. shit, i received my tuition bill before i received my deploma.
and i've been auditung classes at u albany and tried to do the sam at a cc. the fuckers wanted to charge me per class; yet another suny failure. fuck public schooling - don't send your children.
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furie
06-04-2004, 07:34 PM
you're right about SUNY, M. I did a stint at U Buffalo. Good school, but you really got he feeling that it was more of a factory than university.
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monsterone
06-04-2004, 07:41 PM
there is no reason for states to medel in education, but public schools sell you on the idea that to get the american dream, you need a college education.
guess what, your jobs are going to 3rd world countires. but the state is cashing in on universities and the lotto.
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FMJeff
06-05-2004, 01:32 AM
i don't believe in job growth or decline reports....they don' t make any sense for me...aside from IT jobs going round the world...where are all these jobs going? They just dissapear?
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CruelCircus
06-05-2004, 01:58 AM
i went looking for entry level jobs, but the first thing to dry up are entry level jobs (businesses stop hiring before they start firing)
That's not always the case. Many companies continue hiring younger (read: cheaper) employees while laying off/retiring older, more expensive employees. So the net number of jobs may not change, but the cost of payroll would shrink significantly.
And Jeff, jobs "go away" tons of different ways. Attrition (letting people retire or quit and not replacing them) is a big one, firings and layoffs, of course, shifting workers from full-time to part-time, outsourcing (which can mean to a US company as easily as an Indian one, btw), closing down factories or divisions, bankruptcies, early retirements... you get the idea.
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