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Originally Posted by Gram Negative
Less people have been getting laid off every month.
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Proof of causation? Also, you mean unsustainable industries are cutting their resource consumption at a slower rate?
Quote:
Originally Posted by Gram Negative
If there was no stimulus or TARP then the unemployment rate would probably have been around 25%, just like during The Great Depression.
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Interesting fact: Due to the current unemployment figures ommiting those no longer seeking work due to discouragement from entering the workforce, today's figures and those from the GD aren't all that different.
Quote:
Originally Posted by Gram Negative
Today: unemployment rate was lower than expected.
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Wasn't it predicted it would be lower than it is currently?
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Originally Posted by Gram Negative
Less jobs were lost than expected.
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See above point.
Quote:
Originally Posted by Gram Negative
Consumer credit increased more than expected.
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Just what we need more of, the same artificially cheap credit that got us into this mess.
Quote:
Originally Posted by Gram Negative
Wages rose.
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Not necessarily a good thing in a time of increasing unemployment.