OT:no argument.not at all.just read this.and tell me where the recession is....
Total nonfarm payroll employment was essentially unchanged at 138.5 million in December following gains of 159,000 in October and 115,000 in November. In 2007, payroll employment rose by 1.3 million compared with a gain of 2.3 million in 2006. In December, job growth continued in professional and technical services, health care, and food services, while employment in construction and manufacturing continued to decline. The retail trade and information industries also lost jobs over the month. (See table B-1.)
Employment in professional and technical services was up by 33,000 in December and by 322,000 over the year. Within this industry grouping, employment continued to trend up in December in architectural and engineering services (8,000) and in management and technical consulting services (12,000). Within administrative and support services, services to buildings and dwellings added 19,000 jobs.
In the health care industry, job growth continued in December with a gain of 28,000. The industry has added 381,000 jobs over the year. In December, job gains occurred in hospitals (10,000) and ambulatory health care services (13,000). Employment in food services continued to expand over the month with a gain of 27,000. Over the year, the food services industry has added 304,000 jobs. The gains in health care and food services combined accounted for about two-thirds of all private sector job growth in 2007.
Mining employment rose by 5,000 in December following a gain of 4,000 in November. In 2007, the industry has added 36,000 jobs.
In December, employment in construction fell by 49,000, with losses occurring throughout the industry. Since its peak in September 2006, construction employ- ment has fallen by 236,000, with the residential components accounting for the decline.
Within financial activities, credit intermediation lost 7,000 jobs in December, bringing the total job loss since the industry’s peak in February 2007 to 79,000.
Manufacturing employment continued to decline in December (-31,000), with generally small but widespread losses among the component industries. Notable declines occurred in motor vehicles and parts (-6,000), wood products (-4,000), electrical equipment and appliances (-3,000), and textile mills (-2,000). Factory employment has declined by 212,000 over the past year.
Retail trade employment was down by 24,000 in December following an increase in the prior month. Over the year, employment in retail trade was essentially flat.
In December, employment in the information industry fell by 13,000; losses occurred in motion picture and sound recording industries (-12,000) and in broadcasting, except Internet (-4,000). Information employment was essentially unchanged over the year. http://www.bls.gov/news.release/empsit.nr0.htm
.i have been in the housing/construction/development et al business for over 16 years(among other ventures.....lol..;)_)..........it was a gloating fat pig...trust me on that.the banks screwed up many things...ie..the "gc loan"....it is a correction.that is all..a correction of about 16 months of inventory sitting...lol.oh...i have many stories..lol
the manufacturing loss will be corrected by the sinking dollar(oops..except the small/micro)(thank god it is so low)_....why do we want it low.eh?.to correct the export/import "off-balance" sheet..........we will once again be selling overseas (if those with a clue.get it going..lol)....EVERYBODY WAS BITHCN' THAT WE IMPORTED TOO MUCH.....now...that will be corrected(should at least)----it "aint all roses....but the major things out there need to be corrected and they will
when people talk of shorting with these penny stocks..lol.look to the big board.the big board has been shorted hard since it reached it's 14k+ high........and they are using the noise(media)_.to play it up............i'm not saying it's all roses out there.but compare it to this UNEMPLOYMENT HISTORY...AND OBSERVE THE HIGHS..AND LOWS.....: http://www.bls.gov/web/lauhsthl.htm
i pay around 300 a month to have my son on my insurance and that is a 80/20 plan with a 500 deductible....and can go to any doctor .oh..and i smoke :(.we live better than anyone else on the planet....and will continue to.because we are free....and are capitalists.and that "aint".gonna' change my friend.it is spreading.and very global right now(and scares many in this country as well as abroad)....but our little constitution that has been threatened and abused heavily since the 1930's(federal illegal taxes)..will hang in there because we have guns..eh?..lol
..........hang in there friend and don't let them play you! :)
News 
Market Data 
Discover 
