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With yesterdays job number annual job growth now 0.

Started by Masshog, July 04, 2008, 07:08:57 am

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Masshog

Annual job growth fell to 0.0 percent, its lowest level since November of 2003, as the Department of Labor reported the U.S. economy shed 62,000 jobs in June and the unemployment rate held steady at 5.5 percent.

And actually, if you stop and think that the population is larger than it was a year ago... well, you get the picture. 

My feets hurt.

BlackKnightHogFan

Quote from: Masshog on July 04, 2008, 07:08:57 am
Annual job growth fell to 0.0 percent, its lowest level since November of 2003, as the Department of Labor reported the U.S. economy shed 62,000 jobs in June and the unemployment rate held steady at 5.5 percent.

And actually, if you stop and think that the population is larger than it was a year ago... well, you get the picture. 



Bottom yet...or do we go negative from here?  Is GDP far behind?
Upon the fields of friendly strife are sown the seeds that upon other fields; on other days, will bear the fruits of victory.  -Douglas MacArthur

Member #:  9524

 

Masshog

My feets hurt.

PhillyHog

I agree with you Masshog.  Things aren't looking pretty...

My gut feeling is 3-5 years at least...

Biggus Piggus

If you take out manufacturing, more than one-half of industries measured by the Department of Labor had growing employment in June.

Here are some industries that have employment higher this year than they had a year ago.  Maybe a good place to look for stock ideas.

Oil and gas extraction
Coal mining
Agricultural, construction and mining machinery
Turbine and power transmission equipment manufacturing
Computer manufacturing
Communications equipment manufacturing (networking and wireless)
Communication and energy wires/cables manufacturing
Machine shops
Ball and roller bearings manufacturing
Office furniture and fixtures manufacturing
Small arms, ammunition and other ordnance manufacturing
Electronic instruments manufacturing
Aerospace products and parts
Ship and boat building
Medical equipment and supplies manufacturing
Petroleum and coal products manufacturing (not plastics)
Animal slaughtering and processing
Nondurable goods wholesale trade
Electronic markets, agents, brokers (wholesale)
Food and beverage stores
Health and personal care stores
General merchandise stores (ex-department stores)
Air transportation
Transit and ground passenger transportation
Pipeline transportation
Scenic and sightseeing transportation
Support activities for transportation
Couriers and messengers
Utilities
Data processing, hosting and related services
Internet information services
Commercial banking
Credit card issuing
Consumer lending
Securities, commodity contracts
Portfolio management
Investment advice
Insurance carriers
Insurance agencies and brokerages
Truck, trailer, RV rental and leasing
Offices of CPAs
Payroll services
Architectural and engineering services
Computer systems design
Custom computer programming services
Administrative management consulting services
HR consulting services
Marketing consulting services
Process and logistics consulting services
Environmental consulting services
Services to buildings and dwellings
Misc administrative and support services
Educational services
Business, computer and management training
Other private-sector schools and instruction
Technical and trade schools
Offices of physicians
Outpatient care centers
Home health care services
Hospitals
Nursing and residential care facilities
Child day care services
Other social assistance services
Performing arts and spectator sports
Amusements and recreation
Full-service restaurants
Limited-service eating places
Bars and nightclubs
Fitness and recreational sports centers
Personal and laundry services
Membership associations and organizations

Growing industries do exist, I guess.
[CENSORED]!

Masshog

July 09, 2008, 07:32:13 pm #5 Last Edit: July 09, 2008, 07:34:04 pm by Masshog
I think that your correct, but I would guess that, while their equity is likely preforming better than the broad market, that its still moving lower. 
My feets hurt.