Comments on: The Truest Picture of Excess Labor Supply

By: Unemployment Insurance and Unemployment « Rortybomb

Unemployment Insurance and Unemployment « Rortybomb — Wed, 05 Aug 2009 08:20:34 +0000

[...] Why do I believe this? As far as I understand the models, it’s conditional on a “value function”, the chance that you’ll receive a good job offer. You go look for a job, see if you get an offer, compare it to your unemployment benefits, and make a choice. Now what do we know about how looking for a job has changed in the past year? From the big picture: [...]

By: Still losing jobs « Stocks Go Up. Stocks Go Down.

Still losing jobs « Stocks Go Up. Stocks Go Down. — Thu, 02 Jul 2009 17:07:54 +0000

[...] No relief in sight with 6 people competing for every open job: [...]

By: FrancoisT

FrancoisT — Thu, 02 Jul 2009 15:03:47 +0000

LB said:

“So true, I laid off two people a month ago and haven’t noticed a thing. They were passengers”

Does that take into account the drop in business that took place at the same time? Could it be that they BECAME passengers?

By: Natalie

Natalie — Thu, 02 Jul 2009 00:29:12 +0000

I feel like this graph holds a possible explanation for people attempting to find a job in this economy. My sister just graduated from a good college with her BA and has been applying to jobs left and right. For one part-time admin assistant position, she spoke with the hiring manager and he said he had received over 400 applications in one weekend. It’s insane out there.

By: cvienne

cvienne — Wed, 01 Jul 2009 23:40:45 +0000

@Transor Z (5:22)

late to the party because I was at the gym…

But…

#6. leftback leaves the Swedish twins at summer camp for the green & yellow clad Aussie triplets!

By: Pat G.

Pat G. — Wed, 01 Jul 2009 22:39:56 +0000

Well hell, there goes the inflation arguement. lol

By: leftback

leftback — Wed, 01 Jul 2009 21:26:20 +0000

” Agree completely…..the whole cycle feels “exhausted.”

Don’t fight it. It’s silly season, it was invented so we could rest our tired trader brains and eat ice cream.

By: Andy T

Andy T — Wed, 01 Jul 2009 21:24:20 +0000

So, I listen to mostly Bloomberg TV (via hi speed internet) now…..I can honestly say I’ve kicked the CNBC habit for months now…..someone once asked me: “If you’re not watching CNBC, then how do you know what the good contrarian play is? You wan’t be able to fade CNBC.” I’ve reached the conclusion that Bloomberg is simply a classier, more straightforward way of pimping the same ideas. I’ve been listening to a 15-20 minute gold commercial with Pimm Fox…Frank Holmes telling us about the Indian buying season…some other guy came on and told us how much retail demand he was seeing for bullion delivered…then Peter Boockvar comes and tells us all something we don’t know: the government is debasing the currency, therefore you must own Gold!!! Funny stuff….

By: Transor Z

Transor Z — Wed, 01 Jul 2009 21:22:25 +0000

Andy T:

1. Iranian warships seize U.S. freighter, crew in Persian Gulf
2. Fidel Castro dies; vast new market for vintage U.S. autos, parts opens
3. India to outsource millions of untouchable jobs to U.S.
4. White House announces lottery to give 1000 random new home buyers $1 million
5. Fuel cell technology only 10 years away, experts say

By: Andy T

Andy T — Wed, 01 Jul 2009 21:10:03 +0000

karen. Agree completely…..the whole cycle feels “exhausted.” It’s about time for something “new” to talk about, lest the ratings and circulation will suffer….wonder what it’s going to be?