I've made my point more than once....
"Jobs in US could remain scarce; Nearly 6.7m now on unemployment" by Christopher S. Rugaber, Associated Press | May 22, 2009
WASHINGTON - A sign that jobs will probably remain scarce through next year emerged yesterday in a report showing a record number of Americans receiving unemployment aid.
And plant shutdowns by Chrysler LLC and General Motors Corp. could further harm the economy in coming months. Economists are just starting to assess the impact of the auto industry's woes, which affect thousands of suppliers and dealers....
Yeah, good thing they are shipping those jobs overseas, 'eh?
Also see: GM Stalls Out on America
Many economists said that even though layoffs still probably declining, they may not be doing so as fast as previously appeared.
Translation: you were lied to by business, the government and MSM.
"Still probably?" That's factual reporting?
The financial markets reacted sourly to the jobs report, with the Dow Jones industrial average dropping nearly 130 points. Factory closings by Chrysler and GM, most of them temporary, probably will boost the number of jobless claims into the summer, economists said. The plant closings also are likely to cause layoffs at auto suppliers....
That's not the way I heard it. More lies, MSM? Come on, hey!
But the economic news was not all bad. In a separate report, a private research's group forecast of economic activity rose more than expected in April. It was the first gain in seven months....
Oh, some group said its getting better via some study, huh?
Sigh. Do I even have to type it anymore?
--more --"
The recession in Massachusetts will last longer and run deeper than in the nation as a whole, but the state may recover more quickly than it has from earlier economic downturns, according to a new forecast.
I thought I felt some hot air entering my anal canal.
In the nation's economy as a whole, the recession is expected to end this fall, but will linger in Massachusetts until early 2010, according to the forecast released yesterday by the nonprofit research group New England Economic Partnership. By the time the labor market hits bottom a few months later, the state will have lost 6.5 percent of its jobs, compared to 5.7 percent nationally.
Still, Massachusetts should emerge from the recession in better shape than it did after the downturns of the early 1990s and 2001, which were led by the collapse of key Massachusetts industries, particularly technology....
This time the state's key industries remain largely intact, said Alan-Clayton Matthews, the University of Massachusetts at Boston professor who prepared the forecast. In addition, with many other parts of the country in equally bad or worse shape, Massachusetts has been able to hold onto many workers who during earlier downturns fled to find jobs elsewhere.
Those factors should aid the state's recovery and help Massachusetts regain all of its lost jobs by 2013, about five years after the recession began, according to Clayton-Matthews....
Can you wait five years? I can't.
Actually, if you read some of the blogs, you find they are planning on the destruction of the economy later this year. The current period is being referred to as a con game.
Thanks for the endless, agenda-pushing lies, MSM.
The fact that Clayton-Matthews and other analysts discussed the shape of a recovery at yesterday's forecasting conference illustrates how the economy has begun to stabilize in recent months. In the fall, when the New England Economic Partnership held its last conference, the national economy was in free fall and was pulling the region down with it. Few analysts could see when it might hit bottom.
But many economists now see an end in sight. While the economy is still weakening, the rate of decline has slowed, the first step toward a recovery. For example, the nation shed just over 500,000 jobs in April, compared to more than 700,000 in January.
Yup, water still coming in the boat but.... and how are HUNDREDS of GREEN JOBS going to replace the THOUSANDS we are LOSING?
In a speech in Worcester yesterday, Eric Rosengren, the president of the Federal Reserve Bank of Boston, said the economy may begin to rebound by end of the year, thanks in large part to aggressive actions by the Federal Reserve, the Obama administration, and Congress. The Fed has cut its key interest rate to near zero and pumped trillions of dollars into the financial system.
Why should we believe that Fed liar?
Congress earlier this year approved a nearly $800 billion package of spending and tax cuts aimed at creating jobs and boosting the economy.
Yeah, we've tossed trillions at it and it muddles along.
Still, Rosengren said he expects the economy to recover slowly. The financial system, while improving, will take time to repair and restore a normal level of lending, he said. The housing market, still slipping, will also need time to heal, he said. Meanwhile, consumers, who have lost wealth as stock and home values plunged and unemployment rose, will likely continue to spend cautiously.
Jobless statistics released by the state yesterday underscored that a recovery, while in sight, is still far off.
I'm getting so tired of the agenda-pushing bs. Aren't you?
The unemployment rate in Massachusetts climbed to 8 percent in April, from 7.7 percent in March, reaching its highest level since January 1993. Massachusetts employers cut more than 12,000 jobs last month, after slicing nearly 20,000 in March.
You see, readers? I DON'T LIE!!!!
The state has shed nearly 120,000 jobs, or 3.6 percent of employment, since the recession began in Massachusetts early last year.
That they didn't tell us about for ten months....
Ross Gittell, a University of New Hampshire professor who prepares the New England forecast for the partnership, estimated the region's economy is about two-thirds of the way toward hitting bottom. "The worst may be over," Gittell said. "We've moved from this Great Recession to just a bad economy."
WTF? We are STILL BOTTOMING OUT for a while?
Gonna be scraping along the bottom of the pond, 'eh, 'murkn?
--more--"
Hey, look on the bright side: you'll have pond scum to slurp, 'murkn!
