You are viewing an obsolete version of the DU website which is no longer supported by the Administrators. Visit The New DU.
Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Reply #15: Unemployment will likely stop rising and will even decling it just won't decline by much. [View All]

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Topic Forums » Economy Donate to DU
Statistical Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Feb-01-10 08:17 AM
Response to Reply #3
15. Unemployment will likely stop rising and will even decling it just won't decline by much.
Say by end of 2010 we have net jobs creation (all jobs created - all jobs lost) of half a million. That means unemployment will fall by about 0.5% from 10.5% to 10% (or 9.99% if politicians are lucky).

Say in 2011 we manage to ramp net jobs to 1 million. That would push unemployment only done to 9% even. Say we manage another 1.5 million in 2012 that still leaves us with 7.5% unemployment. Say another 1.5 million in 2013 we are at 6% which is much better than now but still historically high. Maybe unemployment gets down to 5% by 2014 or 2015.

Now those job numbers are rather optimistic and what I would consider a best case scenario.

So the problem isn't so much unemployment rising but rather the stubborn slowness with the rate that it declines.
Printer Friendly | Permalink |  | Top
 
  -We're screwed! Joanne98  Jan-31-10 06:20 PM   #0 
  - The Economy's Fine, Stop The Flame Bait!!!  MannyGoldstein   Jan-31-10 06:29 PM   #1 
  - Of course the people who brought us this disaster are doing  Cleita   Jan-31-10 06:32 PM   #2 
  - How can you have a recovery with unemployment rising?  lib2DaBone   Jan-31-10 06:52 PM   #3 
  - Simple. The middle class and below do not count in any recovery.  RC   Jan-31-10 07:06 PM   #4 
  - More like the upper middle class and below.  abelenkpe2   Feb-04-10 12:23 PM   #21 
  - Unemployment will likely stop rising and will even decling it just won't decline by much.  Statistical   Feb-01-10 08:17 AM   #15 
  - NWO...and GHBUSH went to see Obama yesterday....whooo hooo..eom  flyarm   Jan-31-10 07:24 PM   #5 
  - Maybe he needed a job?  dixiegrrrrl   Jan-31-10 07:37 PM   #6 
     - yeah and pappy brought Jeb along..you know the two people that f'ed Argentina  flyarm   Jan-31-10 08:06 PM   #7 
        - interesting connections. nt  inna   Jan-31-10 09:02 PM   #9 
        - Clinton Republicans' chickens come home to roost  upi402   Feb-13-10 10:58 AM   #24 
  - Wait...  xfundy   Jan-31-10 09:01 PM   #8 
  - k*r We'll cocntinue to get screwed!  autorank   Feb-01-10 01:20 AM   #10 
  - It's not nice to switch definitions...  pinqy   Feb-01-10 03:41 AM   #11 
  - They can't stop the war because  golfguru   Feb-13-10 02:51 AM   #23 
  - I don't get this...  JoseCanyucee   Feb-01-10 06:41 AM   #12 
  - This isn't the normal business cycle and if he gives tax cuts to the rich  Joanne98   Feb-01-10 06:59 AM   #13 
  - Bullshit.  Cassandra   Feb-01-10 07:26 AM   #14 
  - wrong ..one of the largest components of our deficit is the military spending and war spending!  flyarm   Feb-01-10 05:37 PM   #16 
     - Not wrong.  Cassandra   Feb-01-10 06:29 PM   #17 
        - really?????  flyarm   Feb-02-10 01:37 AM   #18 
  - I agree. We also need massive spending cuts as well.  OllieLotte   Feb-03-10 04:06 PM   #20 
  - That's a waste of time...  damyank913   Feb-12-10 06:35 AM   #22 
  - Help me with your numbers...  damyank913   Feb-02-10 07:08 AM   #19 
 

Home » Discuss » Topic Forums » Economy Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC