Fed Sees Economy Improving, but Unemployment Getting Worse

I want a reality TV show called "Inside the Fed."

The unemployment rate has been much higher than the 10% state run media would have you believe. I deal with mills that have been starting up and shutting down since last Sept. When they shut down, they do so for 2 to 3 wks. Their employees are not paid and are not considered unemployed, so they are not eligible for unemployment. I am certain that there are other industries out there doing the same thing. Also, for the mid size company I work for, the cost of running a business is already gotten higer since we had to refinance our debt at a much higher rate. Banks may be offering rates of 5% for mtgs, but for business borrowing rates at in double digits. Now add to this the burdon of health care reform and cap & trade and you will see many more jobs disappear permanently!!!!

Why the hell do some people post novellas on here? No one reads them.

it REQUIRES the E to be at a certain level to justify the P. Therefore, the only way to judge the level of E has to be comparing the past E to the future E. Although Robert Schiller has advocated the 10 E is a better representation of earnings than the 1 year E, which many agree including me myself, the market is not looking that far out. It is also the reality, as dictated by the short-term trading, unless such activity is banned. SO, there you have it: Year over year earning comparison matters most. When you break the annual E into 4 quarters, it becomes the Year over Year comparison of quarterly earnings.

What liars. Within a year the entire economy is going to collapse under the weight of looters.

Robert, I am sure your right, people like us saw this coming 10 years ago though and were the first casualties of it, feels good to be an expert at something even if it is dispare.

If a man does not give thought to problems which are still distant, he is sure to find misfortune near at hand.......Confucius

The GDP and the overall economy always recover before employment recovers. When companies start seeing profit margins going back up and operating capital go up (due to cost cutting and better stock valuations) compaies will start to hire again. Do you totally stop spending when you are unemployed or underemployed? People try to say actual unemployment rate is over 16%. Well if that were the case then it was around 9-10% when the economy was so-called 'good'. Get a grip people!

yahoo finance user with the P's and the E's, have you thought about hitting the apply now button for the Fed job postings on CareerBuilder?

When unemployment gets worse, the economy can not get better. Less workers collecting a paycheck means less people spending money means less money in the economy. Resulting in the economy getting worse.

Mr. NOBAMA Said yesterday on a television interview....Unemployment Will Go Up To.....18% By years End.....18%...Of Americans...Collecting Unemployment Benefits ???Where iS the Money..Going To Come From...??????

"Fed Sees Economy Improving, but Unemployment Getting Worse" - Isn't that an oxymoron??? Call me crazy, but unemployment going up usually doesn't mean good news for consumer spending, and by extrapolation, for the greater economy.

I would do it for free for the Fed if the cheating is stopped, i. e. the Fed is NOT allowed by law to inflate the money supply and to temper with the interest rate, unless confronted by a true crisis like war.

Show us his birth certificate! (Johnny Ike's)

Please show all the wrong predictions by Bernanke and friends. Please play video of their boneheaded predictions. They keep pushing the recovery dates back. They also play the game of forecasting low and coming back and saying " the downturn or whatever is not as bad as forecast." Just a bunch of happy talk!

Arnold was a libertarian, fell in line since there is no real Libratarian party, and he is the only one trying to stop the bleeding! Ron Paul has the right ideas but he is no threat, we need to organize a Libratarian party and get more Ron Paul's elected. Now is the time, the Republicans keep digging their own grave deeper, and enough people don't like the dems, but don't see any real hope with the republicans. California is going to bring the rest of us down with them, they are making IOU's currency. We don't need bailouts, and we don't need stimulous. Stop housing 60% of the inmates tomorrow, and taking revenue in by legalizing marajuana, I know it doesn't sound credible for a politician to say, but that is the kind of idea that cuts spending and gains income, instead of spending more, and taking in less by driving business and sucessful people away or out of business like raising taxes to employ people in temporary jobs.

Why should we want to audit the Fed? They are a private corporation created in 1913 and like all private corporations their mission is to make money. I wish my family was one of the original owners of this private corporation.

How come nobody ever says, "I have bad news: the good news isn't as great as we thought it would be."? So how can less bad be good? It's not; it's just less bad.

there was a previous post that showed showed the hidden owners of the Fed, and they were leiman, Goldman, and the rest were swiss, French, English, and German banks. Making money is fine, gov bonds pay interest why shouldn't what they do, but they set and report what inflation and prime is. I'm not sure exactly what the strategy is but interest rates are so low that banks arn't really making money, and it doesn't seem to be helping the American people. As far as auditing them, how do we know they don't have the fountain pens out right now? as yahoo finance user states "the Fed is NOT allowed by law to inflate the money supply and to temper with the interest rate" isn't it them that reports inflation? I know that the way they calculate inflation is that if a car has new features they don't count towards inflation, but on the same token, if food or other commodities are cheaper due to more efficient mechanization, the opposite is not also taken into account. It cost more money to live at the same relative standard as it would 20 or 30 years ago. If the standard is raised, then either inflation needs to account for it some how, or graduated taxing is keeping us down. We want the standard of living to go up, why do we pay taxes like doctors and lawyers when we are not even living that good relatively?

shags1_23, the reason is that Democrats are in office right now, so bad news is good if its not that bad, see even fairly good news during Bush was the END OF THE WORLD if it wasn't just fantastical like the tech boom of the 90's was giving us. I am really for a 3'rd party, but what I see in politics is that people were just so upset Bush was in office so they complained and whined and did things that brought us to this point, now the democrats are blowing sunshine and wondering why people arn't willing to just start throwing money around now that they are in office and everything was a catastrophy because republicans were in office. Its ok to be for or against one party or another, but some people take it to another level, and are willing to destroy their neighbor over this stuff.