[Roccland]

Why hasn't building bust brought more layoffs? Government data may be flawed, skewing Fed's inflation outlook

Add to that...what happens when the liquidity contraction sucks up your 401k and IRA?

$this->bbcode_second_pass_quote('', 'N')EW YORK - Something funny happened on the way to one of the worst housing declines in U.S. history: the struggling construction companies forgot to fire workers.

At least that's the way it seems from the government's employment data, which suggest the sector’s employment number is only down less then 1 percent since last September, in a year when the full-blown housing market went bust in midst of the subprime mortgage woe.

Now a private report says the government is simply miscalculating its job number, and the Fed might be overly concerned about inflation.

[jasonraymondson]

Fuck no, and I am being let go on saturday. We were given advance notice last week.

I still have no job prospects. Professional bumhood, here I come!

[Roccland]

Sorry to hear that bro.

I have a feeling a lot more are gonna be where you are and currently are where you are (just not reported) in short order.

[oswald622]

$this->bbcode_second_pass_quote('', 'w')hich suggest the sector’s employment number is only down less then 1 percent since last September

[Armageddon]

$this->bbcode_second_pass_quote('oswald622', '')$this->bbcode_second_pass_quote('', 'w')hich suggest the sector’s employment number is only down less then 1 percent since last September

[smiley]

Sorry to hear & I hope you find something new soon.

Yeah. I've been thinking a lot about it lately. We have two jobs (completely different lines of work) and could well survive on one. It won't be pretty though.


So one of us could loose a job, which halves the risk.

So we're doing our best to get to a stable position within our companies. One which has the least risk of reorganisations and that kind of stuff. Also we limit our spending and try to put some money away for hard times.

[I_Like_Plants]

Or, you could LOSE your job.

You'd better be prepared, if not financially, then at least have a van or something you can live in, friends or relatives that will let you live with them, get good at camping in the woods, something.

In my experience, when you're down and out, if you have any money, you'll piss through it, you'll HAVE to piss through it, before you learn to live within the very small means you'll have.

Example: You lose your job, get a smaller apartment, stop eating out at restaurants so much. You cook more at home, shopping at Safeway. After a while you've pissed through your savings and end-game is you're living in a van in the woods, food = what you scrounge, the local 7-11 gives you some stale stuff if you come around about 10PM, income = doing odd jobs, etc. You fish in the creek a bit, have learned to process acorns and some edible weeds (and eat more fresh vegs now than when you were a yuppie) and actually between babysitting the Smiths' 3 boys once in a while, picking up cans, making woodburned house number signs from scrap wood and doing odd yard work, you're actually saving up money. Not a lot, but you weren't saving any as a yuppie besides what your owner (co. you worked for) forced you to, and now you are.

Generally you have to piss through every source of money you have available to you first to reach sustainability though.