Since the Economy is so Strong (LOL) Under Bush, Should We Continue the party with another Republica

Employers slashed 80,000 jobs in March

By JEANNINE AVERSA, AP Economics Writer 4 minutes ago

WASHINGTON - Employers nervous about diminishing business prospects slashed 80,000 jobs in March, the most in five years and the third straight month of losses.

At the same time, the national unemployment rate rose from 4.8 percent to 5.1 percent, the clearest signal yet that the economy may already be in a recession.

The new snapshot of the job market, released by the Labor Department Friday, underscored the damage that a trio of crises _in the housing, credit and financial sectors 鈥?has inflicted on companies, jobseekers and the economy as a whole.

http://news.yahoo.com/s/ap/20080404/ap_o...

Structural problems, like the growing trade deficit with China and runaway price of oil, are further hampering prospects for growth. Unfortunately, the Administration%26#039;s responses to these problems have been tepid and encourage pessimism among business in the economic outlook.

Since the Economy is so Strong (LOL) Under Bush, Should We Continue the party with another Republican-McCain?

Little Tidbit for ya......

If the first two quarters of 2008 are considered a recession, (which they will) Bush will be the first president in the HISTORY of our country to have led the country during TWO recessions.

Quit a legacy don%26#039;t ya think.

Since the Economy is so Strong (LOL) Under Bush, Should We Continue the party with another Republican-McCain?

loan

Check the history.

Bush II is the only President ever to have two recessions during his terms. Only one ever to have TWO recessions while he was President. What was that he said about %26quot;fooling me once...%26quot;|||John McSame is going to be just that.

More of the same.

Unfortunately it%26#039;s been 43 white guys in a row.

That%26#039;s one hell of a coincidence!!|||Our economy was doing just fine until the Democrats got the Majority in congress and created gridlock because that is all Democrats know how to do.!~!|||Bush is a worse President in our history and Mc Cain is his clone. Obama will divide the races and men and women; and Hillary will be a turn-around President. John Edwards will heal our Nation.|||Well, the GOP is rife with evangelicals...

They%26#039;re probably jsut trying to speed along the rapture. Lulz.|||We%26#039;re starting to feel the impacts of the Nov 2006 elections.

Good job Dems!|||If you understand business, a economy goes through business cycles. We grew for 6 years, and now a decline.

Take the liberal appraoch to solving problems: raise taxes. Yeah, so when people are short on cash, you should go in and take more away from them.

These numbers are a disappointment, but remember that the average unemployement rate under the Clinton Administration was higher then 5.1%|||Bush ran the company into the ground|||Only if Hillary isn%26#039;t the other choice! then its save your butt boys the ship is going down|||Bush the Idiot president has screwed this great country so bad that we may not recover . We don%26#039;t need another war, spend, monger in office. The idiot bush has spent our grand children%26#039;s income and Mc Cain will spend more. The only thing sicker than the Idiot Bush is the idiots on here blaming the Democrats|||The economy is in very good shape, but there have been constant attempts to talk it down. Bush II has been like his father - a failure. He got a tax reduction through but only on the basis it had a sunset clause and this expectation of higher taxes is dampening the economy. Further, he has not got the oil out of the ground in Iraq and has been using the Strategic Petroleum Reserve as a price support for oil. Oil has gone from $11 a barrel to over $100 a barrel. Needless to say, Texas is booming. Bush stood idly by and let domestic spending get completely out of control. Once Bush goes, the oil price will come down and the economy will boom, provided we do not get another tax and spend President.

Should Iraq be Spending Their $60 Billion Dollar Budget Surplus Instead of American Treasure?

Iraq currently has a $60 Billion dollar surplus in THEIR budget. Should they be spending their surplus instead of relying 100% on American funds to fund their intiatives including construction problems?

Couldn%26#039;t we %26#039;better%26#039; use our troops in Afganastan and other %26#039;hot%26#039; spots and our treasure on American problems?

Iraq has a 40% Unemployment rate - should they use their %26#039;surplus%26#039; population to defend themselves rather than depending on US Troops to %26#039;watch dog%26#039; them?

Should Iraq be Spending Their $60 Billion Dollar Budget Surplus Instead of American Treasure?

yes they should . and the Iraq government need to start paying back the billions this country have spent on them maybe beef up they%26#039;re oil production to the USA

Should Iraq be Spending Their $60 Billion Dollar Budget Surplus Instead of American Treasure? loan

they probably just want to mooch of off the US for as long as possbile... get as much money as you can...|||No, they should stay unemployed so that gasoline can be high and George Pubic Bush%26#039;s friends can scoop the loot.|||Where did the expression %26quot;treasure%26quot; come from? I hear it on the news, and everybody repeats what the news says verbatim. If I hear %26quot;boots on the ground%26quot; one more time, I%26#039;m gonna lose it. Think for yourself sometimes.

Is the media trying to fake a recession?

I keep hearing strangely worded headlines especially on the Yahoo! home page. The first one was %26quot;Largest Financial Overhaul Since the Great Depression%26quot; The next one today .. up now is %26quot;Unemployment rate highest in two years%26quot;

These articles just seem kinda mediocre and bogus.

Is the media trying to fake a recession?

Just read a report by an independent study group that said economic news is reported differently depending on the party in power. If a democrat is in the White House the media says the future is bright......things are getting better...... BUT if a Republican is in the White House.... the EXACT SAME conditions are reported as economic doom.... we are about to suffer tragic recession / depression

This is the second independent study in six months to statistically verify the liberal bias of the media

Sadly often these %26quot;predictions%26quot; are self fullfilling prophesies.....the media creates the recession or boom by what they report......instead of reporting it they make it happen

Is the media trying to fake a recession?

loan

Duh we are in a recession and have been for the past year.|||If you can not see that a serious recession is looming, it is time to take off those rose colored glasses.

All the indicators point towards one, and it is not too far off.|||It%26#039;s quite obvious that the MSM is working to convince people that we are already in a recession, even though we have not even had 1 quarter of negative growth. It takes 2 consecutive quarters to make a recession. This seems to be tied into the whole Presidential campaign as it give lots of ammo to the LibDems Clinton and Obama against the %26quot;evil%26quot; Republicans.....and people deny that the MSM (CBS, NBC, ABC, CNN) is very left leaning, and attempting to further the Liberal agenda.|||You know what - I TOTALLY AGREE!

The same is happening here in the UK. I%26#039;m not denying that our economy is not at its healthiest, but by no means are we facing a financial meltdown. Everyday I hear the same thing - that I have been hearing since 2002, that there will be a recession in the future according to prominent economists at the city. Luckily I ignored it then, and today I%26#039;ll do the same. I was stuck and decided to buy a house, and my dad kept telling me not to because apparently %26#039;the house prices are gonna fall%26#039; but what happened - 6 years on and thier still growing and last year i brought another house.

Sometimes it makes me laugh, because the recession always seems to be %26#039;tomorrow%26#039;, and then when it doesn%26#039;t come, its like - %26#039;oh, hold on, one more day it%26#039;ll come!%26#039;.

Some people say DOOMSDAY will come %26#039;tomorrow%26#039; aswell, but its always tomorrow. I%26#039;m fed up and don%26#039;t bother absorbing this crap, and I%26#039;m glad you asked such a good question, because i thought I was the only one who thought like this.|||Maybe where you live you don%26#039;t see it. I do. In my town all kinds of businesses are closing down and people are losing their jobs left and right. Also, the price of food, gas and utilities is getting way out of control and people are having a hard time affording those things. I guess some towns are richer than others.

How can we get food-aid to starving people in Haiti?

In a country where most people live on less than $2 per day, with an unemployment rate in excess of 70%, in a good year, 1 in 5 babies born in Haiti die. Recently, because of the economic instability in our area of the world, food prices in Haiti have more than doubled. There are riots in the streets as I write this because people just don%26#039;t have money to buy food.

What can we do to help? There are international organizations that help starving people in Africa. What can I do to bring attention to the fact that hungry, dying people need food aid? Who can I contact? If you have ANY information to help me help these people, please, please, share with me.

How can we get food-aid to starving people in Haiti?

Jv I appreciate your interest in helping my country however you might be the last person who can help us.What comes next when you finish giving the food you are talking about? In Haiti we need jobs, education for our youth so we can make our own food. If you feed us today, who is going to do it tomorrow? Like Sophie said, let us learn to fish so we can get our fish whenever the need comes.

if you really want to help Haiti, ask your government and the WTO to allow the government to reopen the market that the Haitians government used to subsidize. Tell your media to stop lying about Haiti and to stop trashing the country so Foreign entrepreneur can come and invest there so we can have jobs like the telephone company DIGICEL did. Tell the UN to take the useless force keepers out of Haiti and use the money that they are paying their rapist tourist soldiers to create jobs. Tell the imperialist countries to lift their secret embargo on Haiti. No foreigners can help Haiti. It is the local government that needs the guts to stand against the imperialist countries that have been oppressing Haiti from the colonial period till today. Tell them to stop giving coup d鈥檈tat to democratic governments that try to help the poor. You have no right to tell that Haiti is abusing human right giving that your country expelled an elected government 4 years ago. You are the wrong person to talk about democracy. Go check in history and see which government supported the illegal junta that led Haiti in 1994. Albert fish can you please tell me who made me starve in 1993-92 because of an imperialist embargo?The international world, put an embargo on the country because the authority were criminal soldiers but the same people who put the embargo were backing up these soldiers with oil while the population was starving. Yes you foreigner are feed criminals and let innocent people die. Ask who started to mess up the structure of the Haitian government from 1915 till today. I am sorry but we do not trust foreigners in Haiti because they took too much away from us. By the way, tell your people to stop sending guns to Haiti. Oh did you know that they also trained the rebels who kick Aristide out in 2004? Did you know that they also train the militaries who did the coup in 1994?Talking about human right, did you know that Emanuel Constant, a Haitian criminal , who was in the macoute with papa doc, raped, stole, kill people in Haiti but now he is peacefuly living in the US? Did you know that some US officials came to arrest Guy Philipe,a Haitian rebel/for mer soldier because he is accused of drug dealing while nothing has been done to try the assasin whose name is Constant

I would like to tell Sophie that when the Haitian cut down the trees it was not because they did not want reforestation but because they had no resources. In a country where a bonbonn of gaz cost more than two month salary for some people do you expect them to use something else than charcoal? As you said you cannot keep feeding someone with fish, you need to teach them how to catch the fish themselves. The international organizations, whether you call them donor or NGO, never helped Haiti. When they say that they give $20 000 to the country, the money goes to corrupted politician supported by those international donors. When they say that they are building a road in Haiti which have not happen for years, they hire workers and engineer from other countries to do the job. So how can you say that you help local people? If they had used this money to instruct local engineer and other intellectual, they would not have to hire foreigners. Alber fish, you should go back to school because you are a plain ignorant. People are dying of hunger not because the planet is overpopulated but because there is a disparity in the distribution of the resources in the world. Of course we have scarcity but when you see how much cr@p you waste in the US and other developed countries, you have the proof that they could go and be used somewhere else. Why do some people have 5 tv in their home while others can鈥檛 afford one? Is it because there are to many people asking for tv or because some people have more than they need? You said Haitians are need for you but it was not a Haitian who came to beg for help here. It was a foreigner who asked the question and screw you @$$ hole. We are not useful anymore after you sucked the $h!t out of us. Now it鈥檚 Afghanistan and Irak that are useful right? I bet that you will say the same thing about Afg.. and Irak in 20 years when you

finish sucking their ressources

How can we get food-aid to starving people in Haiti?

loan

CARE The Red Cross|||If I remember correctly... Haiti was the country that denuded itself of hardwood forests to make charcoal.. and then when international foundations came in too stop the erosion by planting new trees, they cut the saplings to make charcoal also.......

You can feed a man a fish for a day or teach him to fish for a lifetime.....|||The planet is overpopulated anyway. Why help more humans survive? Hatians barely participate in the global economy and don%26#039;t develop new technologies or make scientific discoveries, so they%26#039;re of no use to us.|||My church sent a bag of Rice to Haiti. It was a big bag.|||Many churches run schools and missions in Haiti. I go to a Lutheran church that sponsors one, but pretty much any of the major churches will have more info, depending on your preferences.|||The problem is not whether we can support it or not but making sure that that the support doesn%26#039;t fall in the wrong hand.

How do we know that our support are not ending up in market like in North Korea?|||It is a problem in most poor countries. Well they aren%26#039;t really poor the ones in power aren%26#039;t! You can lead a horse to water but you can%26#039;t make them drink.

We have so many children that are starving in our own country and that is where we need to solve the problem first.

Laziness and lack of education that%26#039;s what it boils down to.

I have seen so many people here in the US living off the government cause it%26#039;s easier. Or in some cases better way of life for most. A person on welfare gets as much cash and food stamps as a person working a min. wage job. To top this off they get a medical card that covers all cost. Now the person that is out there trying to work and support their families on a min wage job can%26#039;t afford medical for their family. And Lord help them if they get sick and can%26#039;t go into work that day for they cannot afford to go to the doctor and they lose a days pay! So you tell me what is our government telling these people? The fact is we need to take care of our problems first and when we come up with a solution maybe then we are more capable to help others in need. Don%26#039;t get me wrong I am as giving a person as the next. I feel and I cry and I hurt for those poor people in all the countries that the government lines their pockets with cash and their people with poverty and sickness.

Binomial: Advanced?

The unemployment rate in a city is 13%. Find the probability that at least 2 out of 10 people from this city sampled at random are unemployed. Round your answer to four decimal places.

Binomial: Advanced?

Let X be the number of unemployed sampled. X has the binomial distribution with n = 10 trials and success probability p = 0.13

In general, if X has the binomial distribution with n trials and a success probability of p then

P[X = x] = n!/(x!(n-x)!) * p^x * (1-p)^(n-x)

for values of x = 0, 1, 2, ..., n

P[X = x] = 0 for any other value of x.

The probability mass function is derived by looking at the number of combination of x objects chosen from n objects and then a total of x success and n - x failures.

Or, in other words, the binomial is the sum of n independent and identically distributed Bernoulli trials.

X ~ Binomial( n , p )

the mean of the binomial distribution is n * p = 1.3

the variance of the binomial distribution is n * p * (1 - p) = 1.131

the standard deviation is the square root of the variance = √ ( n * p * (1 - p)) = 1.063485

The Probability Mass Function, PMF,

f(X) = P(X = x) is:

P( X = 0 ) = 0.2484234

P( X = 1 ) = 0.3712074

P( X = 2 ) = 0.249605

P( X = 3 ) = 0.09945945

P( X = 4 ) = 0.02600808

P( X = 5 ) = 0.004663517

P( X = 6 ) = 0.0005807061

P( X = 7 ) = 4.95841e-05

P( X = 8 ) = 2.778420e-06

P( X = 9 ) = 9.225914e-08

P( X = 10 ) = 1.378585e-09

The Cumulative Distribution Function, CDF,

F(X) = P(X ≤ x) is:

x

∑ P(X = t) =

t = 0

P( X ≤ 0 ) = 0.2484234

P( X ≤ 1 ) = 0.6196308

P( X ≤ 2 ) = 0.8692358

P( X ≤ 3 ) = 0.9686952

P( X ≤ 4 ) = 0.9947033

P( X ≤ 5 ) = 0.9993668

P( X ≤ 6 ) = 0.9999475

P( X ≤ 7 ) = 0.9999971

P( X ≤ 8 ) ≈ 1

P( X ≤ 9 ) ≈ 1

P( X ≤ 10 ) = 1

1 - F(X) is:

n

∑ P(X = t) =

t = x

P( X ≥ 0 ) = 1

P( X ≥ 1 ) = 0.7515766

P( X ≥ 2 ) = 0.3803692 ← answer = 1 - P(X = 1) - P(X = 0)

P( X ≥ 3 ) = 0.1307642

P( X ≥ 4 ) = 0.03130475

P( X ≥ 5 ) = 0.005296679

P( X ≥ 6 ) = 0.0006331623

P( X ≥ 7 ) = 5.245616e-05

P( X ≥ 8 ) = 2.872057e-06

P( X ≥ 9 ) = 9.363773e-08

P( X ≥ 10 ) = 1.378584e-09

Binomial: Advanced?

loan

The negation of the at least 2 out of 10 people are unemployed is less than two people are unemployed.

Using: 1 - P(A%26#039;) = P(A), you can use this relationship to find your answer.

To find the probability that less than 2 people are unemployed(i.e. 9 or more are employed), you only need to do two combinations.

P(A%26#039;) = (10 C 1)(.87^9)(0.13^1) + (10 C 0)(0.87^10)(0.13^0) ~= 0.6196

Your answer should be:

1 - P(A%26#039;)

1 - P(A%26#039;) = 0.3804

Life of people who have been fired or laid off work? 10 points for the best advice.Thank you?

Isn%26#039;t it sad. We are facing 5.1 unemployment rate. Many jobs are laid off people.

What do you think? Thank you.

Life of people who have been fired or laid off work? 10 points for the best advice.Thank you?

I work in technology and have been laid off several times in the last 10 years. It is something that I survive. Growing up, my father was a union steelworker, and periodically the union would strike; I learned to have a cushion to survive. My church (LDS) teaches things like having low debt and keeping food storage to get through bad times; by doing this, people are less tempted to do wrong just to survive.

In 2001, the company I worked for went bankrupt, and I did not get $1100 in expenses or my last month of salary. On April 1st, I finally got the $1100 and am waiting for the IRS to calculate withholding so I will get the month%26#039;s salary. It was such a surprise!

I work for a large company; about 40% of the people in our group of 250 are Asian or Indian here on visas. I have been told I can%26#039;t get promoted because the job has to go to an Indian male who is being presented as having a unique skill set so the company can spend $25,000 on his becoming a citizen. In the meantime, I have 25 years of experience and am underpaid and have to watch this guy do very little actual work. I feel this is extremely wrong when there are Americans out of work, to bring people in to do jobs for which skill sets exist here.

My advice: Only buy a house you can afford on one paycheck, even if you are a two income house. Keep debt low; stock up on food before you are laid off. Try to keep a cushion of at least a month to three months in the bank. If you are laid off, do something everyday for job hunting to keep your name out there. Always be nice to receptionists and janitors; you never know when you will need a good word to get a job and everyone deserves respect. Take immediate stock of what expenses you can cut and do so. Involve the kids and let them know what sacrifices everyone will make. Be a lifetime learner; know what is going on in your industry and what skills you need to develop to get a different job if one arises. And, don%26#039;t try to be the last one standing for layoffs; often you will get a worse severance package and others have had time to snap up the other jobs. Don%26#039;t put all of your 401k in company stock; if the company goes belly up, you will lose your investment that could help see you through bad times.

Life of people who have been fired or laid off work? 10 points for the best advice.Thank you?

loan

It has been lots worse than this

10% unemployment and 16 % interest rates under jimmy carter in the late 70%26#039;s

If you want to see tough times go to Detroit right now|||I was laid off in January. I JUST got a job offer this past Friday (4/4/08). I had been actively looking for work... I really had no savings because at the end of the year I took my savings and paid it towards my debt. My severance package was 2 weeks pay... hardly enough to even be classified as a %26quot;package%26quot;. Fortunately I don%26#039;t have any dependents and I was able to get some help from family and friends. I did use that time to make a career change... I was in banking, and have decided to go back to retail management. I couldn%26#039;t be happier with my decision.|||It is sad but more importantly it is hard. Especially when both spouses get laid off and are unable to find something with the same amount of pay or even less. I know because this happend to my husband and myself. Our children are the ones who suffer for it. Extra things had to be canceled, bank accounts went for food and lightbill, car payment, ins. etc. With little to no help from the state and prices rising it is like living your worst nightmare. Having to tell your kids you are unable to buy them a particular pair of shoes or clothing because the price is just not within budget at the time tears a parent%26#039;s heart right out. We live in one of the poorest section of this country and to be honest it is just plain depressing. We work hard to give our children what they need. To be deprived of that is something I doubt we will ever be over, even with our kids telling us they understand. No one should have to deal with that! Employers should look at what exactly is at stake before laying off. Firing well there should be a really good reason.|||There are certain sectors that are flourishing. Health Care, Education, and Technology are three good examples. The point here is that to be successful in these industries you need education. I believe the US is becoming overshadowed by an evolving global economy.

Also the lowest rates of unemployment are in the south and west. Basically urban centers that arent tied to manufacturing. Seattle and Texas cities have the lowest unemployment.

From what I have read (wall street journal) Bernanke (fed chairman) says that the US economy will experience the worst part of this recession in the 3rd quarter of this year and a revival at the end of the year. I think that is extremely optimistic. Think about changing industries. Stay away from cities that are tied to manufacturing. Research the unemployment in certain areas and, if your willing to change, move.|||You should go look at the unemployment rates monthly since WW ll.

They average alot higher than 5.1%|||Employers have for years used the unemployment stats to their advantage. They blame lay offs on the economy and turn over employees so they reduce wages. This turn over means lower insurance, wages, benefits, higher productivity and they don%26#039;t have to concern themselves with pension plans.

You have to be versatile in the market. That%26#039;s why education is so important.

Hypothetical Employment Question?

ABC just announced the unemployment rate of California this past Sept. Was 4.5% with 20 million people in the labor force. But they fail to give the actual number unemployed what is it?

Hypothetical Employment Question?

i%26#039;m not sure, but you must also consider that %26#039;unemployment rates%26#039; measure those who are recieving unemployment benefits; it does not take into account those that have been umemployed so long that they can no longer get the benefits, or those that were never eligible to recieve them, ONLY the ones CURRENTLY receiving unemployment benefits.

(if i was right as to how they use the numbers, 4.5% would be about 940,000 people.... but i could be wrong)

Hypothetical Employment Question?

loan

The answer is 4.5% of 20 million. That%26#039;s the definition of %26quot;unemployment rate%26quot; -- the percentage of the labor force who are unemployed.

And, to the previous response, calculation of unemployment rate has NOTHING to do with whether people are receiving benefits.