90% percent of people still employed

godoftrading · Feb 2, 2009, 1:23pm

very good news for the economy written by an expert on seeking alpha. for you optimistic folks out there, you'll love this article

The Flip Side of Bad News: Still a 90% Employment Rate -- Seeking Alpha

shadowninja · Feb 2, 2009, 5:27pm

Wasn't it 98% about a year ago?

nile_croc · Feb 2, 2009, 6:59pm

Define "employed"

DocG24 · Feb 2, 2009, 8:00pm

Quote:

Originally Posted by godoftrading

very good news for the economy written by an expert on seeking alpha. for you optimistic folks out there, you'll love this article

The Flip Side of Bad News: Still a 90% Employment Rate -- Seeking Alpha

Excellent articles, thank you for posting them.

Skill Leverage · Feb 3, 2009, 5:17am

That's like saying 'Ooh this pie is 90% fat free'... Doesn't mean it's any better for you.

arabianights · Feb 3, 2009, 5:35am

99% of the time Gary Glitter is not fiddling with kids

trendie · Feb 3, 2009, 5:47am

erm....

excluding all under-16s, as they should be in school:

the number of 90% employed refers to those capable of working!

the number excludes over-16s in further education;
the retired living on pensions;
anybody on invalidity benefit. this latter is a bone of contention, as cynics said a while ago that unemployed people were beign re-classified as unfit for work to reduce the unemployment numbers.

anybody on any other kind of benefit that means they are not counted as not-working.

what proportion of the population is working relative to the total adult population available?

with the increasing numbers of pensioners, for example, you could have "99% employed", and we still have an issue of not enough tax-revenue coming in.

nile_croc · Feb 3, 2009, 5:48am

Not to be a downer, but let's go over some recent history, and recap the last 2 weeks (not even):

Caterpillar: 20000 laid off (probably includes int'l as well)
Sprint: 8000 laid off
Macy's: 7000 laid off
Starbucks: 6700 laid off
Boeing: 10000 laid off (probably int'l as well)
Home Depot: 7000 laid off
Microsoft: 1400 laid off

All of these within less than a 2-week period. Here's the question for all of you eternal optimists: where are all these people going to go? All I keep hearing from the permabulls is "recovery in the second half," my question is: huh? Let's quit denying this and call it what it is: a depression. I hate saying that, but that's what it looks like we're getting. I'm not one of those people who takes joy in saying that either, just so I can be right and say that "I called it." This is effecting many people I care about, including my own job, and I'm sure it's hitting home for everybody else here as well. I think part of getting through this is giving up the false hope that the good times and all-time high bull markets are right around the corner and accepting what this is, but at the same time trying to maintain a positive attitude based on realism, not on false hope.

Feb 2, 2009, 1:23pm	#1
godoftrading Senior Member Member Since Feb 2008 152 Posts	90% percent of people still employed very good news for the economy written by an expert on seeking alpha. for you optimistic folks out there, you'll love this article The Flip Side of Bad News: Still a 90% Employment Rate -- Seeking Alpha

Feb 2, 2009, 5:27pm	#2
shadowninja Legendary Member Member Since Jul 2007 5,530 Posts	Re: 90% percent of people still employed Wasn't it 98% about a year ago? __________________ The markets can stay solvent longer than you can stay irrational. My sports trading challenge: http://www.trade2win.com/boards/trad...challenge.html

Feb 2, 2009, 6:59pm	#3
nile_croc Senior Member Member Since Dec 2008 120 Posts	Re: 90% percent of people still employed Define "employed" __________________ "The world is very different now..."-JFK

Feb 3, 2009, 5:17am	#5
Skill Leverage Legendary Member Member Since Nov 2008 1,321 Posts	Re: 90% percent of people still employed That's like saying 'Ooh this pie is 90% fat free'... Doesn't mean it's any better for you.

Feb 3, 2009, 5:35am	#6
arabianights Legendary Member Member Since Jan 2007 6,782 Posts	Re: 90% percent of people still employed 99% of the time Gary Glitter is not fiddling with kids __________________ World's leading STIRs chatroom - www.propboards.com - register, then click on chat. Don't let the lack of posts on the forum put you off - the action happens in the chatroom. Targeted at locals, but hedge funds, brokers (including IDBs), market makers, and a few sizable amateurs are all represented. When it's quiet, banter is encouraged and anything goes. No nuisance spread betters please. Anyone else welcome.

Feb 3, 2009, 5:47am	#7
trendie Legendary Member Member Since Jan 2004 5,680 Posts	Re: 90% percent of people still employed erm.... excluding all under-16s, as they should be in school: the number of 90% employed refers to those capable of working! the number excludes over-16s in further education; the retired living on pensions; anybody on invalidity benefit. this latter is a bone of contention, as cynics said a while ago that unemployed people were beign re-classified as unfit for work to reduce the unemployment numbers. anybody on any other kind of benefit that means they are not counted as not-working. what proportion of the population is working relative to the total adult population available? with the increasing numbers of pensioners, for example, you could have "99% employed", and we still have an issue of not enough tax-revenue coming in. __________________ # If the only tool you have is a hammer, you tend to see every problem as a nail - Abraham Maslow # There are 10 kinds of people in the world; those that understand binary, and those that dont. -Anon # Ed Seykotas Whipsaw Song http://www.youtube.com/watch?v=LiE1V...Wlxk8&index=10 # Defeat is temporary. Giving up makes it permanent. Anon

Feb 3, 2009, 5:48am	#8
nile_croc Senior Member Member Since Dec 2008 120 Posts	Re: 90% percent of people still employed Not to be a downer, but let's go over some recent history, and recap the last 2 weeks (not even): Caterpillar: 20000 laid off (probably includes int'l as well) Sprint: 8000 laid off Macy's: 7000 laid off Starbucks: 6700 laid off Boeing: 10000 laid off (probably int'l as well) Home Depot: 7000 laid off Microsoft: 1400 laid off All of these within less than a 2-week period. Here's the question for all of you eternal optimists: where are all these people going to go? All I keep hearing from the permabulls is "recovery in the second half," my question is: huh? Let's quit denying this and call it what it is: a depression. I hate saying that, but that's what it looks like we're getting. I'm not one of those people who takes joy in saying that either, just so I can be right and say that "I called it." This is effecting many people I care about, including my own job, and I'm sure it's hitting home for everybody else here as well. I think part of getting through this is giving up the false hope that the good times and all-time high bull markets are right around the corner and accepting what this is, but at the same time trying to maintain a positive attitude based on realism, not on false hope. __________________ "The world is very different now..."-JFK

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