Reply to There is no housing bubble in the DC area so get over it

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[quote=Anonymous][quote=Anonymous]http://www.aikenstandard.com/article/20130426/AIK0106/130429651/1013/us-applications-for-unemployment-aid-drop-to-339k[/quote]

Last I checked...you don't get to apply for unemployment just because your job is furloughed. You still have a job, so you're not unemployed! You're just going to get paid less because you have fewer working days.

Also, this is directly from the article you posted to support your position:

"Still, layoffs are only half the equation: Businesses also need to be confident enough in the economy to step up hiring. Many companies have been advertising more jobs but have been slow to fill them. Job openings jumped 11 percent during the 12 months that ended in February, but the number of people hired declined, according to a Labor Department report this month."

Along with...

"In March, employers added only 88,000 jobs. That was a sharp drop from the previous four months, when hiring averaged 220,000 per month."

So...basically, employers aren't firing people, they're just not hiring new people and they're furloughing the existing employees to reduce their payroll budgets without allowing the employee to file for unemployment.

That sounds like improvement to you? Again, what you have to prove is job GROWTH and/or income GROWTH...stability is only enough to justify a rise in prices concurrent with the rise in inflation, anything above that without a fundamental economic change is just hype.

http://articles.washingtonpost.com/2013-03-22/business/37925332_1_job-gains-leisure-and-hospitality-unemployment-rate

"The unemployment rate in the Washington metropolitan area rose in January to 5.4 percent from 5.3 percent, even as the region added 41,900 jobs."

The federal government subcategory lost 3,500 positions during the same period, suggesting that the gains came from state- and municipal-level governments.

Fuller said these employers are finally getting back to pre-recession job strategies after years of working on shoestring budgets.

“As they get right-sized, I see that growing not quite so strongly. That looks out of scale right now,” Fuller said."[/quote]

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