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2008-10-09 Home Front Economy

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Posted by ed 2008-10-09 09:12|| || Front Page|| [6 views ] Top

#1 ....and the LA Times. Yeah, I can see unemployment continuing to rise in our self appointed 'ruling caste'. It's a feature, not a bug. Faster, faster.

Posted by Procopius2k 2008-10-09 09:18|| 2008-10-09 09:18|| Front Page Top

#2 For being on the abyss of another great depression, I'm sure seeing mixed signals from the disparate sectors of our economy.

Posted by bigjim-ky 2008-10-09 11:08|| 2008-10-09 11:08|| Front Page Top

#3 People are such nincompoops sometimes. Look at what happened late this summer. Two hurricanes ripped through Louisiana and Texas. The *FIRST* thing federal relief folks do is get everyone signed up for federal unemployment so they have some money coming in.

People aren't working because practically the entire area on the coast near Galveston was wiped out. But now we see the numbers start to decline as people in New Orleans have gone back to work and people in Galveston will be doing so over the next few months as businesses and homes are rebuilt.

When you have 100,000 people in long-term evacuation, you have 100,000 people hitting the unemployment roles until they can find another job or their old place of employment opens back up.

Posted by crosspatch 2008-10-09 11:12|| 2008-10-09 11:12|| Front Page Top

#4 Good point crosspatch, hadn't thought of that.

Posted by bman 2008-10-09 11:56|| 2008-10-09 11:56|| Front Page Top

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