Comments on: Employment Notes Before Friday’s NFP http://www.ritholtz.com/blog/2008/12/employment-bnotes-before-fridays-nfp/ Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media Sat, 21 Nov 2009 08:40:44 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: action http://www.ritholtz.com/blog/2008/12/employment-bnotes-before-fridays-nfp/comment-page-1/#comment-130619 action Thu, 04 Dec 2008 16:18:16 +0000 http://www.ritholtz.com/blog/?p=11792#comment-130619 In 1945, the government passed the unemployment act of 1945. This made it possible for members of the armed forces to apply for unemployment benefits as they came home from the war. This would explain the spikes in August and September of '45. In 1945, the government passed the unemployment act of 1945. This made it possible for members of the armed forces to apply for unemployment benefits as they came home from the war. This would explain the spikes in August and September of ‘45.

]]> By: SanFranHobo http://www.ritholtz.com/blog/2008/12/employment-bnotes-before-fridays-nfp/comment-page-1/#comment-130614 SanFranHobo Thu, 04 Dec 2008 16:07:38 +0000 http://www.ritholtz.com/blog/?p=11792#comment-130614 <a href="http://www.bls.gov/news.release/empsit.nr0.htm" rel="nofollow">Oops</a> Oops

]]> By: SanFranHobo http://www.ritholtz.com/blog/2008/12/employment-bnotes-before-fridays-nfp/comment-page-1/#comment-130612 SanFranHobo Thu, 04 Dec 2008 16:07:01 +0000 http://www.ritholtz.com/blog/?p=11792#comment-130612 "which ‘unemployment’ rate is that?" Cmon, its the same <a href="which ‘unemployment’ rate is that?" rel="nofollow">unemployment rate</a> that you know full well the post is referring to. “which ‘unemployment’ rate is that?”

Cmon, its the same unemployment rate that you know full well the post is referring to.

]]> By: Mark E Hoffer http://www.ritholtz.com/blog/2008/12/employment-bnotes-before-fridays-nfp/comment-page-1/#comment-130556 Mark E Hoffer Thu, 04 Dec 2008 13:57:29 +0000 http://www.ritholtz.com/blog/?p=11792#comment-130556 which 'unemployment' rate is that? b/c, IIRC, U-6, as we speak, is bumping up on 10%.. ~~ DavidB, if Gens X&Y don't wake up and get together, we're going to play the role of the Ant, to the 'BBoomers'-Grasshopper..only, in that version, they turn into Locusts and eat our Future, those will be good times.. which ‘unemployment’ rate is that?

b/c, IIRC, U-6, as we speak, is bumping up on 10%..

~~

DavidB,

if Gens X&Y don’t wake up and get together, we’re going to play the role of the Ant, to the ‘BBoomers’-Grasshopper..only, in that version, they turn into Locusts and eat our Future, those will be good times..

]]> By: DavidB http://www.ritholtz.com/blog/2008/12/employment-bnotes-before-fridays-nfp/comment-page-1/#comment-130486 DavidB Thu, 04 Dec 2008 02:29:50 +0000 http://www.ritholtz.com/blog/?p=11792#comment-130486 <i>-The highest rate of unemployment according to Bloomberg data occurred in November 1982 when the unemployment rate hit 10.8%</i> ah ha! That's just when I was getting out of school. I knew it was all a conspiracy against my generation. To add to the problem we were also competing against a horde of boomers who already had 10+ years of work experience under their belts. And I thought it was me. Oh man were those rotten times -The highest rate of unemployment according to Bloomberg data occurred in November 1982 when the unemployment rate hit 10.8%

ah ha! That’s just when I was getting out of school. I knew it was all a conspiracy against my generation. To add to the problem we were also competing against a horde of boomers who already had 10+ years of work experience under their belts. And I thought it was me. Oh man were those rotten times

]]> By: jpwhite http://www.ritholtz.com/blog/2008/12/employment-bnotes-before-fridays-nfp/comment-page-1/#comment-130433 jpwhite Thu, 04 Dec 2008 00:04:34 +0000 http://www.ritholtz.com/blog/?p=11792#comment-130433 This comparison across different time periods without correcting for the size of the population or the size of the labor force seems a bit weak. Is a loss of 325k jobs now a more or less painful experience for the economy as a whole than a loss of 325k jobs in October 2001? The comparisons break down even further when you stretch the time period as far back as the Great Depression, when the US working population had a very different composition and size. Interesting numbers, but not very useful without context. This comparison across different time periods without correcting for the size of the population or the size of the labor force seems a bit weak. Is a loss of 325k jobs now a more or less painful experience for the economy as a whole than a loss of 325k jobs in October 2001? The comparisons break down even further when you stretch the time period as far back as the Great Depression, when the US working population had a very different composition and size.

Interesting numbers, but not very useful without context.

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