Alert icon
We're changing our privacy policy. This stuff matters.  Learn more  Dismiss

Only 539,000 Jobs Lost in April; Unemployment Increases; My Failed Predictions

Loading...

Sign in or sign up now!
Alert icon
Upgrade to the latest Flash Player for improved playback performance. Upgrade now or more info.
2,325
Loading...
Alert icon
Sign in or sign up now!
Alert icon

Uploaded by on May 8, 2009

Layoffs slow to 539K in April; jobless rate rises
•It wasnt nearly as big as the 620,000 job cuts that economists were expecting
•Unfortunately, the unemployment rate climbed to 8.9 percent, the highest since late 1983
http://finance.yahoo.com/news/Layoffs-slow-to-539K-in-April-apf-15180702.html...

The U6 unemployment rate is much higher
•The U6 includes part-time and discouraged workers.
•The U6 unemployment rate is 15.8%
http://www.bls.gov/news.release/empsit.t12.htm

DuPont cuts 2,000 jobs
http://www.marketwatch.com/news/story/dupont-cut-2000-jobs-restructuring/stor...{C1CCB6C7-98B2-43A1-A4F0-9EE672B0CAE8}&dist=msr_6

Microsoft Cuts 3000 Jobs
•CEO says that more jobs may be cut.
http://news.google.com/news/url?sa=t&ct2=us%2F0_0_s_4_0_t&usg=AFQjCNH...

What a feeling: how emotions may yet save the economy
•An influential Democrat whose also a top hedge fund manager believes that the White House staff is reading a behavioral economics book called, Animal Spirits.
http://www.ft.com/cms/s/0/69bc7894-3b34-11de-ba91-00144feabdc0.html

Oil wavers after crossing $58 on economy hopes
http://finance.yahoo.com/news/Oil-rises-above-58-on-rb-15180139.html?.v=3

Toyota posts first loss, sees worse ahead
•Toyota lost 7.7 billion dollars in the quarter to March alone, even more than General Motors, as it idled plants to ride out the biggest crisis in its more than 70-year history.
http://www.breitbart.com/article.php?id=CNG.1280b69533cf355febc60b5e54c46576....

  • likes, 0 dislikes

Link to this comment:

Share to:

Uploader Comments (DEMCAD)

  • Well, things continue to pick up in France. But I worry, because the stock markets are way, way too high. This is another good video, but the levels on your speaking part should be higher, to match the music, which is cool, by the way.

  • I used a different cam today.

Top Comments

  • Yeah we need to bring our jobs back from overseas. You don't produce wealth by printing and barrowing more money we don't have. You produce wealth by producing things but its not happening!

  • I think the economy is being propped up by the trillions in borrowed and or printed Bailout money! People who got layed off last fall will start running out of UI soon, and the bailout money will run out eventually, leaving a massively increased debt and the problems that caused the mess still out there. There are also reports that China is diversifying away from propping up the US. It's just a matter of time.

see all

All Comments (105)

Sign In or Sign Up now to post a comment!
  • In November 2011 there was 15.1 million unemployed with 9.8% in November 2012. The total pool of unemployed was (15.1 million/9.8%)=154,081,632

    .

    The unemployment rate currently is 8.9% with 13.7 million unemployed totaling 153,932,584 in the workforce

    .

    Between November 2010 & March 2011, 149,048 are no longer in looking for work (154,081,632-153,932,584). This almost cancels the Nonfarm payroll employment increased by 192,000 jobs created in private industry for the month of February

  • Thank you for the video. Your observations have proven true, as in everyone believes we are recovering when we are not, and things are still in decline.

  • search the venus project

  • You will let Fools run your counrtry , can anything else be expected ?

  • Look I had NOTHING to do with these jobs,WE need healthcare,,NOW,we need more union handouts,NOW,, I had High hopes for you son,,you might had a shot at a CZAR job but IDK now,,,OK OK I need a" ONLY black dude in Alaska CZAR "and I am officially appointing you,,,congratulations,,OzBama HAS SPOKEN

  • i is confuzzled....

  • You have been misinformed, my Friend.

    We have AVERAGED over 500,000 NEW JOBLESS CLAIMS each week for past 52 weeks. See our video:

    "Unemployment-media Lies Again"

  • I looked for Toyota and found this? What the hell does this video have to do with Toyota?

  • Wow..

  • You are seriously sick.

    How can this man's skin colour or ethnicity have anything to do with whether his analysis of the economic situation is correct?

Loading...

Alert icon
0 / 00Unsaved Playlist Return to active list
    1. Your queue is empty. Add videos to your queue using this button:
      or sign in to load a different list.
    Loading...Loading...Saving...
    • Clear all videos from this list
    • Learn more