unemployment

[jbalm]

That is an interesting question. With the printing of money without an increase in goods and services, economics dictate there will be inflation. That doesn't mean it has to be even. There are always the have's and have-not's, and the have's will have more access to credit and the cash that Bernanke & Co. pumped into the system. I could easily foresee a scenario where these have's drive up the prices for crucial necessities, while the have-not's (a growing group) can't afford it because of unemployment or underemployment. This could create a stagflation scenario.

More money and available credit drive up scarcer goods by those who have access to those, while an increasing population segment can't join because they don't have access. Easy to see social unrest in that scenario.

You may not believe me when I say this, but I posted pretty much the exact same thing on another thread before I read your post.

Great minds think alike I guess.

[will]

Just had two brethren in my ward recieve foreclosure notices this week, those are the ones I know about. as people continue to lose their jobs and when their reserves start to run out it becomes a reality that many will follow, If this trend continues many of us will see ourselves in this circumstance. I hope a callout happens. Maybe my hopes are premature. I hope it happens before many more are out of luck.

[gruden]

You may not believe me when I say this, but I posted pretty much the exact same thing on another thread before I read your post.

Great minds think alike I guess.

I'm working hard to get up to speed with everyone here on the board. I'm tuning in...

[gruden]

Just had two brethren in my ward recieve foreclosure notices this week, those are the ones I know about. as people continue to lose their jobs and when their reserves start to run out it becomes a reality that many will follow, If this trend continues many of us will see ourselves in this circumstance. I hope a callout happens. Maybe my hopes are premature. I hope it happens before many more are out of luck.

Some may consider me a doom-n-gloomer, but it's going to get worse. Hang in there. Do what you can and help whomever you can. No one makes it by themselves.

[kathyn]

Gruden said

No one makes it by themselves.

That is the whole key to our surviving the last days, isn't it? We will have to pull together to make it through. This will be the prelude to our being able to accept and live a Zion society. At least, that's my take on things.

For several years our previous stake president really tried to get us to be a Zion stake. I don't think most people understand what the really means, but we'll find out soon enough.

[ChelC]

I think so. I think it's a key concept that many of us fail to grasp because all of the counsel we've been given to prepare and to be self sufficient gives us the false notion that we won't need one another. IMO, we'll need each other more than ever, and a Christlike charity will need to prevail in order to survive what is to come.

Satan cannot work on everyone in the same way. Some people are strong enough in the faith to not be tempted by Satan in obvious ways. He will work on your pride if you've prepared. He will try to grow feelings of resentment, self righteousness, greed, selfishness or whatever your weak spot may be. If he can alienate us from one another we become a weaker force to reckon with.

[will]

Over 68000 Jobs lost today,

http://money.cnn.com/2009/01/26/news/ec ... /index.htm

[kathyn]

Over 68000 Jobs lost today,

Ouch, Will! The economy is really starting to implode now!

[pritchet1]

In the short term, the economy and the job market are in trouble, Brusca said. But "it doesn't look like the bottom is falling out of the economy," he said.

And there's a silver lining to the gloomy clouds over America's economy.

"The good news is it's so bad right now that we will have a definite, noticeable recovery when it comes," Brusca said. "We're getting a lot of adjustment out of the way early.

Another in the land and river of denial...

[kathyn]

We're getting a lot of adjustment out of the way early.

His rose-colored glasses must be really tight!

[pritchet1]

Will his tune change when his job is gone too?

[gruden]

Final tally for the day: 71,400 jobs lost. And this doesn't count all the retail jobs lost every day.

http://money.cnn.com/2009/01/26/news/ec ... /index.htm

[pritchet1]

More layoffs on "Black Monday" - http://news.bbc.co.uk/2/hi/business/7852484.stm

[will]

http://money.cnn.com/2009/01/27/news/ec ... tm?cnn=yes

More than 11,500 job cuts announced Tuesday
The bloodletting for the U.S. job market continues as companies across the economic spectrum announce a slew of work force reductions.

[lamanite]

Couldn't resist posting this... I don't know if people are getting desperate or just clueless about the economic situation out there. We posted a PT job ad at work at a decent wage and have been flooded with applicants. But then there are always a few of these:

"I have great organizational skills among others, but what you are requesting to be done, should be full time and at no less than 17-18 dollars per hour. If you should change your mind on the length of time and dollars per hour, please contact me. Otherwise good luck."

HAHAHAHAhahahaahah

[will]

Man kills wife, five kids, himself after being fired

http://www.cnn.com/2009/CRIME/01/27/fam ... index.html

[Mullenite]

Depressing, but useful, new website



http://www.layoffdaily.com/

[kathyn]

Man kills wife, five kids, himself after being fired

Will, I think that we're seeing the start of what is to come. Remember all the suicides associated with the Great Depression?

[gruden]

Man kills wife, five kids, himself after being fired

Will, I think that we're seeing the start of what is to come. Remember all the suicides associated with the Great Depression?

On NPR last week I listened to a researcher of the Depression who said it's urban legend how supposedly stockbrokers and bankers were hurling themselves out of windows. It generally didn't happen - certainly not as much as we're led to believe. Many can be traced back to the commentary of one guy: Winston Churchill. Most took his comments at face value that people were hitting the pavement left and right, and so it continued to this day.

People in those days didn't have their brains gunked-up with heavy metals like we do today, so they were on a bit better keel than we are now. Sadly you're right, we'll see a lot more of this kind of thing go down. I looked at a picture of that family and felt really sad.

[will]

http://money.cnn.com/2009/01/28/news/ec ... 2009012818

Wensday,

Employers cut 14,100 more jobs
Labor hits keep on coming as several large companies push workforce reductions.

AMERICA'S MONEY CRISIS
Regulators back corporate credit union deposits
Starbucks to close 300 stores as profit tumbles
Mass layoffs hit seven-year high
Employers cut 14,100 more jobs
Stocks stage rally
Caution: Layoffs ahead

More Videos
Quick Vote
How will the economic stimulus package help your job situation?
It won't make any differenceIt will help me find a jobIt will help me keep my job or View results
NEW YORK (CNNMoney.com) -- The job market took another savage beating Wednesday after several companies announced cost cutting plans that involved thousands of job cuts.

Aircraft maker and defense contractor Boeing Co. was one of the largest casualties of the day, saying it would cut an additional 5,500 jobs this year, bringing its total cuts to 10,000 as the company struggles with dwindling demand for new aircraft.

Earlier this month, Boeing (BA, Fortune 500) announced plans to shed 4,500 jobs in its Commercial Airplanes division. But the additional job cuts will be across various other parts of the company.

Coffee chain Starbucks Corp. (SBUX, Fortune 500) also said it would be cutting up to 6,700 jobs, mostly due to store closings and a slower rate of store openings.

Meanwhile insurance giant Allstate Corp. (ALL, Fortune 500) said it would be cutting 1,000 jobs over the next two years, Internet company AOL, a division of CNNMoney.com parent Time Warner, intends to cut 700 jobs, according to an internal memo, and health care company Abbott Laboratories said it would be cutting 200 positions.

Electronics parts maker Jabil Circuit (JBL, Fortune 500) announced plans to eliminate 3,000 jobs on a global basis, and Japanese automaker Nissan (NSANY) said it would be cutting 110 U.S. jobs as it closes four regional offices.

Computer maker Dell Inc. (DELL, Fortune 500) also said it would be reducing the size of its workforce, but did not specify by how much.

Wednesday's announcements bring the total number of job cuts this week to more than 100,000. On Monday alone, seven companies from a broad range of industries announced a total of 71,400 job cuts.

The news comes on the same day the Labor Department reported that the total number of mass layoffs in 2008 was the highest level since 2001.

The government defines mass layoffs as those that involve "at least 50 persons from a single employer."

[Jonathan_H]

The Forbes Layoff Tracker:
http://www.forbes.com/2008/11/17/layoff ... acker.html

Note that this only indexes layoffs from the 500 largest US companies. This supposedly represents about 20% of the economy. So far 151,000 announced just in January.

[pritchet1]

Boeing schedules slicing 10K employees in 2009 - mostly from WA state.

http://seattlepi.nwsource.com/business/ ... ing29.html

Add this to the 5K employees Microsoft is axing and the left-leaning Puget Sound area is hurting big time.

[will]

http://money.cnn.com/2009/01/29/news/ec ... 2009012910

Thursday, Another 10,000

Over 100,000 this week alone.

71,000 on monday
14,000 on tuesday
11,000 on Wensday
10,000 on thursday

[English Saint]

There are a couple of businessmen in my ward, and they are struggling. I often ask if the depression is affecting business when I meet people. The answer is always the same.

[pritchet1]

A recently opened BBQ restaurant here (Tri-Cites, WA) just declared bankruptcy and I'm helping the store manager who just qualified for medical benefits, try and find a new job. He was fired last week. He has been helping his wife with her coupon packet mailer business for other local businesses.