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

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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.
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  -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 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 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 

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