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Getbig Main Boards => Politics and Political Issues Board => Topic started by: 240 is Back on December 05, 2008, 07:29:25 AM

Title: 533,000 Americans lost their jobs last month
Post by: 240 is Back on December 05, 2008, 07:29:25 AM
Recession is all in your head, bitches!
Title: Re: 533,000 Americans lost their jobs last month
Post by: Migs on December 05, 2008, 07:39:29 AM
hell i'm one of the unemployed
Title: Re: 533,000 Americans lost their jobs last month
Post by: Bindare_Dundat on December 05, 2008, 07:39:43 AM
Looks like things are starting to get better.
Title: Re: 533,000 Americans lost their jobs last month
Post by: Mark Kerr on December 05, 2008, 07:47:45 AM
“The fundamentals of the economy are strong.”- John McCain  ;)

Title: Re: 533,000 Americans lost their jobs last month
Post by: Soul Crusher on December 05, 2008, 01:25:01 PM
Quote from: Migs on December 05, 2008, 07:39:29 AM
hell i'm one of the unemployed

Go in your own business.  You are better off.
Title: Re: 533,000 Americans lost their jobs last month
Post by: 24KT on December 05, 2008, 09:00:39 PM
Quote from: 333386 on December 05, 2008, 01:25:01 PM
Go in your own business.  You are better off.

Absolutely! The only job security one has in life, is when looking at the boss in the mirror!
Title: Re: 533,000 Americans lost their jobs last month
Post by: 24KT on December 05, 2008, 09:37:03 PM
More Than 70,000 Canadians Left Jobless In November
Friday December 5, 2008
CityNews.ca Staff

(http://www.citynews.ca/images/2008-12/dec0508-chrysler.jpg)

Most Canadians probably didn't need statistics to tell them the economy is bad and people are out of work.

Still, the country's jobless numbers released Friday morning were surprising, revealing huge losses across the board.

Last month, about 70,600 employees found themselves without a job - the most since the major recession in 1982.

Ian Thouard is just one of the thousands.

"I was shocked," he recalls of the day he was laid off from his job in food distribution. "I was pretty much taken aback by it."

Now he, like so many others, spends every day searching for openings that barely ever appear.

"It's a frustrating experience because I get to see just how limited the job market is," he adds.

Economists had predicted 20,000 lost jobs, with only the most pessimistic doubling that number. But Ontario alone chalked up 66,000 - made worse by the 42,000 workers laid off in its manufacturing sector.

"Ontario's the manufacturing hub of Canada and we export a lot of those manufactured goods to the U.S.," explains BMO economist Benjamin Reitzes.

But even as the U.S. suffers through an arguably worse economic shift, this country's unemployment rate climbed to 6.3 per cent in November, up from 6.2 per cent the month before. Ontario's jumped to 7.1 from 6.5 per cent.

There was some good news: the health care, social assistance and professional and technical services categories all saw job increases last month.

But the latest jobless numbers will likely mean a reduction when the Bank of Canada sets its interest rate next week.

For the latest numbers on Canadians receiving Employment Insurance, click here (http://www.statcan.gc.ca/daily-quotidien/081125/dq081125b-eng.htm).



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Summary of the StatsCan numbers (previous month in brackets):


Provincial unemployment rates (previous month in brackets):