The jobs recession is here: Time to get to work - Janszen

[metalman]

Re: The jobs recession is here: Time to get to work - Janszen

So, maybe we are in a gravity-defying zone? House prices have declined a bit here, but so far, no sign of commercial rents declining.

Morgan

patience, patience. the crunch will come. it always does.

[c1ue]

Re: The jobs recession is here: Time to get to work - Janszen

Morgan,

I understand your desire to contribute to the community.

But there are a lot of ways to contribute beyond having a prime retail location in a walkable area. Charities, scholarships, sponsorships to name a few.

If there is public transport - maybe one possibility is to get a location near the bus depot.

These generally are in very bad areas, and are also often central to the bus network.

Then you can be both public transport-able and be contributing tax dollars to a 'bad' area.

[GRG55]

US Unemployment now 6.1% - BLS.

The jobs recession is here...

Even the BLS is now coming around to this point of view. Latest non-farm payrolls report just out.

6.1% unemployment. Big jump!

Only areas of increase appear to be mining/resources, teaching (education) and government (yet again)...


Edit Added: Here's Reuter's first summary release, which includes:

"...There were steep cuts in hiring in nearly every major category of employment. Some 61,000 manufacturing jobs were lost in August, the most for any month since mid 2003..."

Hard to imagine an even stronger US$ (as some, like Gartman, are predicting) is in the cards for long, unless the authorities intend to let the export sector wither like much of the rest of the economy.

Equally difficult to imagine anybody continuing the delusion that the next Fed administered interest rate move is UP. In fact the strongest argument against a cut in Fed fund rate is the potential for an early resumption of dollar decline as the long denied US recession becomes mainstream thinking...