Comments on: Comprehensive unemployment rate is 17.5% http://www.creditwritedowns.com/2009/11/comprehensive-unemployment-rate-is-17-5.html a finance news and opinion site Sat, 20 Mar 2010 23:59:54 +0000 hourly 1 By: A few thoughts about the limitations of government - Credit Writedownshttp://www.creditwritedowns.com/2009/11/comprehensive-unemployment-rate-is-17-5.html#comment-9507 A few thoughts about the limitations of government - Credit Writedowns Fri, 29 Jan 2010 02:43:40 +0000 http://www.creditwritedowns.com/2009/11/comprehensive-unemployment-rate-is-17-5.html#comment-9507 [...] base rate of unemployment is near post World War II highs and is expected to rise by many.The comprehensive unemployment rate is at depression levels and has been for some time.Where are the homeowners bailout packages? Where are the unemployed’s [...] [...] base rate of unemployment is near post World War II highs and is expected to rise by many.The comprehensive unemployment rate is at depression levels and has been for some time.Where are the homeowners bailout packages? Where are the unemployed’s [...]

]]> By: Edward Harrisonhttp://www.creditwritedowns.com/2009/11/comprehensive-unemployment-rate-is-17-5.html#comment-7660 Edward Harrison Sat, 07 Nov 2009 00:20:48 +0000 http://www.creditwritedowns.com/2009/11/comprehensive-unemployment-rate-is-17-5.html#comment-7660 Also, my headline should tell you I see the labor market as weak. But again, in context, this is not a negative surprise. Also, my headline should tell you I see the labor market as weak. But again, in context, this is not a negative surprise.

]]> By: Edward Harrisonhttp://www.creditwritedowns.com/2009/11/comprehensive-unemployment-rate-is-17-5.html#comment-7659 Edward Harrison Sat, 07 Nov 2009 00:19:49 +0000 http://www.creditwritedowns.com/2009/11/comprehensive-unemployment-rate-is-17-5.html#comment-7659 I'm sorry it read as positive spin. I did not intend it that way.<br><br>I get what you're saying, haris. And I know this: the fact that labor market participation is decreasing is a sign of economic weakness - not strength.<br><br>My last paragraph is a reflection of how I see the data in context: this is not a game-changer. The labor market is weak, but not deteriorating. It can still be this weak and yet the economy can show a statistical recovery. I'm sorry it read as positive spin. I did not intend it that way.

I get what you're saying, haris. And I know this: the fact that labor market participation is decreasing is a sign of economic weakness – not strength.

My last paragraph is a reflection of how I see the data in context: this is not a game-changer. The labor market is weak, but not deteriorating. It can still be this weak and yet the economy can show a statistical recovery.

]]> By: haris07http://www.creditwritedowns.com/2009/11/comprehensive-unemployment-rate-is-17-5.html#comment-7658 haris07 Fri, 06 Nov 2009 23:04:03 +0000 http://www.creditwritedowns.com/2009/11/comprehensive-unemployment-rate-is-17-5.html#comment-7658 Ed, in otherwise good analysis, you miss a very simple fact by spinning labor force participation dropping as a positive!! In a recovery, labor force participation INCREASES as more people who were discouraged get encouraged again. I am surprised that an analyst of your caliber is spinning this as a positive???<br><br>Also, note that the birth/death model revisions in 2009 continue to be way out of left field - yet again some stupid economist somewhere in the 90's built some stupid model that uses "numbers" to come up with this and it doesn't seem to be adjusted for changes in the economy. Ed, in otherwise good analysis, you miss a very simple fact by spinning labor force participation dropping as a positive!! In a recovery, labor force participation INCREASES as more people who were discouraged get encouraged again. I am surprised that an analyst of your caliber is spinning this as a positive???

Also, note that the birth/death model revisions in 2009 continue to be way out of left field – yet again some stupid economist somewhere in the 90's built some stupid model that uses “numbers” to come up with this and it doesn't seem to be adjusted for changes in the economy.

]]> By: LavrentiBeriahttp://www.creditwritedowns.com/2009/11/comprehensive-unemployment-rate-is-17-5.html#comment-7657 LavrentiBeria Fri, 06 Nov 2009 22:25:08 +0000 http://www.creditwritedowns.com/2009/11/comprehensive-unemployment-rate-is-17-5.html#comment-7657 Got to hand it to you, Ed. You can find a silver lining in any cloud. :-)<br><br>I don't think I'll ever get used to the fact that the stock market goes up when unemployment levels increase. It really highlights just how hostily arrayed are the people at large on the one hand and the investing classes on the other. Got to hand it to you, Ed. You can find a silver lining in any cloud. :-)

I don't think I'll ever get used to the fact that the stock market goes up when unemployment levels increase. It really highlights just how hostily arrayed are the people at large on the one hand and the investing classes on the other.

]]> By: Edward Harrisonhttp://www.creditwritedowns.com/2009/11/comprehensive-unemployment-rate-is-17-5.html#comment-7090 Edward Harrison Fri, 06 Nov 2009 17:20:48 +0000 http://www.creditwritedowns.com/2009/11/comprehensive-unemployment-rate-is-17-5.html#comment-7090 Also, my headline should tell you I see the labor market as weak. But again, in context, this is not a negative surprise. Also, my headline should tell you I see the labor market as weak. But again, in context, this is not a negative surprise.

]]> By: Edward Harrisonhttp://www.creditwritedowns.com/2009/11/comprehensive-unemployment-rate-is-17-5.html#comment-7089 Edward Harrison Fri, 06 Nov 2009 17:19:49 +0000 http://www.creditwritedowns.com/2009/11/comprehensive-unemployment-rate-is-17-5.html#comment-7089 I'm sorry it read as positive spin. I did not intend it that way.<br><br>I get what you're saying, haris. And I know this: the fact that labor market participation is decreasing is a sign of economic weakness - not strength.<br><br>My last paragraph is a reflection of how I see the data in context: this is not a game-changer. The labor market is weak, but not deteriorating. It can still be this weak and yet the economy can show a statistical recovery. I'm sorry it read as positive spin. I did not intend it that way.

I get what you're saying, haris. And I know this: the fact that labor market participation is decreasing is a sign of economic weakness – not strength.

My last paragraph is a reflection of how I see the data in context: this is not a game-changer. The labor market is weak, but not deteriorating. It can still be this weak and yet the economy can show a statistical recovery.

]]> By: haris07http://www.creditwritedowns.com/2009/11/comprehensive-unemployment-rate-is-17-5.html#comment-7088 haris07 Fri, 06 Nov 2009 16:04:03 +0000 http://www.creditwritedowns.com/2009/11/comprehensive-unemployment-rate-is-17-5.html#comment-7088 Ed, in otherwise good analysis, you miss a very simple fact by spinning labor force participation dropping as a positive!! In a recovery, labor force participation INCREASES as more people who were discouraged get encouraged again. I am surprised that an analyst of your caliber is spinning this as a positive???<br><br>Also, note that the birth/death model revisions in 2009 continue to be way out of left field - yet again some stupid economist somewhere in the 90's built some stupid model that uses "numbers" to come up with this and it doesn't seem to be adjusted for changes in the economy. Ed, in otherwise good analysis, you miss a very simple fact by spinning labor force participation dropping as a positive!! In a recovery, labor force participation INCREASES as more people who were discouraged get encouraged again. I am surprised that an analyst of your caliber is spinning this as a positive???

Also, note that the birth/death model revisions in 2009 continue to be way out of left field – yet again some stupid economist somewhere in the 90's built some stupid model that uses “numbers” to come up with this and it doesn't seem to be adjusted for changes in the economy.

]]> By: LavrentiBeriahttp://www.creditwritedowns.com/2009/11/comprehensive-unemployment-rate-is-17-5.html#comment-7087 LavrentiBeria Fri, 06 Nov 2009 15:25:08 +0000 http://www.creditwritedowns.com/2009/11/comprehensive-unemployment-rate-is-17-5.html#comment-7087 Got to hand it to you, Ed. You can find a silver lining in any cloud. :-)<br><br>I don't think I'll ever get used to the fact that the stock market goes up when unemployment levels increase. It really highlights just how hostily arrayed are the people at large on the one hand and the investing classes on the other. Got to hand it to you, Ed. You can find a silver lining in any cloud. :-)

I don't think I'll ever get used to the fact that the stock market goes up when unemployment levels increase. It really highlights just how hostily arrayed are the people at large on the one hand and the investing classes on the other.

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