Jump to content
House Price Crash Forum
Sign in to follow this  
cashinmattress

We've Wiped Out All The New Jobs Of The 21st Century

Recommended Posts

CHART OF THE DAY: We've Wiped Out All The New Jobs Of The 21st Century

What's the best way to express just how bad the job market is? You could look at the soaring unemployment rate, or perhaps the ever-shortening work week. How about this: Total nonfarm payrolls, notes economist James Hamilton, are now back to where they were in mid 2000, and in a few months they'll certainly be back to pre-2000 levels. 21st century job creation: gone.

job3.jpg

Share this post


Link to post
Share on other sites
Guest UK Debt Slave
Hollywood's next blockbuster featuring A. Greenspan and B. Bernanke:

Honey, I shrunk the economy!

There's a new breakfast spread on the market, Bernanke's Utterly Fu**ety

Delicious and nutritious nodules of lard, generously coated in sub-prime mortgage debt

Every portion contains the FDA daily recommended allowance of credit default swaps, mortgage backed securities and other weapons of mass financial destruction.

8 out of ten bankers, hedge fund managers and other white collar criminals say they prefer it to other leading brands.

;)

Share this post


Link to post
Share on other sites

I believe the advanced industrial countries are going to have structurally high unemployment from now on. And what is considered the normal rate of unemployment will rise as technology automates more work, year by year.

Even before the meltdown, if you looked deeply into the unemployment numbers like the millions not counted because they stopped looking for a job, you could see we were living with unemployment rates that would have been considered near depression level 40 years ago.

Share this post


Link to post
Share on other sites
I believe the advanced industrial countries are going to have structurally high unemployment from now on. And what is considered the normal rate of unemployment will rise as technology automates more work, year by year.

Even before the meltdown, if you looked deeply into the unemployment numbers like the millions not counted because they stopped looking for a job, you could see we were living with unemployment rates that would have been considered near depression level 40 years ago.

Plus the millions not counted because they were doing froth jobs payed for with fantasy money borrowed out of thin air.

Share this post


Link to post
Share on other sites
Is there any correlation between numbers of employed and house prices...?

Hopefully there is!

something like 50% of all new jobs created in US from 2000 were based on property

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   287 members have voted

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    Please sign in or register to vote in this poll. View topic


×

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.