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Unemployment
Title:

Unemployment

Published:Fri, 16 Oct 2009
Description:Numbers are going up
+Automatically Generated Transcript  (may not be 100% accurate)

" He said he WR. Talk talk BO Friday morning global warming. Once again destroying the weather around here -- things get hotter and hotter and hotter in the ocean. Keeps lapping up into the inland irregardless Lexington waterfront he'd been -- and our property this it will certify that you like out -- there will support -- to -- apple culture they're gonna get your waist as if they're gonna have continued growth in the salt water that. And you know we say we do what he called the growth of plants that you do on water. -- hydropower tiger like -- topic -- is Wilson's going to be able to do that went all the ocean. Is in their fields to be pretty removed or will be in new radicals that do in an what do they do over in southeast Asian banking. Never mind -- Your favorite pop -- Anyway the Dutch did it for many years and I think you know the -- that a richer UST some strange sites -- popular talk about unemployment and we still have with a stuttering John Regan has aggressively tennis team on business and industry the moderates believe."

" Good morning we thought -- Sure go ahead Steve. Oh believe that you guys yeah and what's going on this -- I I do."

" I've talked about that a new unemployment numbers in Massachusetts and certainly the implication. What that means that it. -- in terms of how people respond to two different things like that but. I guess that was struck by the number. With this thing sort of following a couple of months now about. I thought some indications that that we. Really sort of bottom and started to move up first or early in Massachusetts compared to. The rest of the country and I got -- find that the latest numbers with the appointment no purple -- higher -- and I point three. 3% to veto pretty discouraging and you know I read this morning and it did what I expected basically. These are just too cool. -- don't like people you call one honesty to meet our sort of reassessing. Where we are present state economy."

" not being strategic enough. You know Rahm Emanuel saying is is a good crisis is a terrible thing to waste well Patrick is look at for emergency powers I think you over the globe should be looking for something similar."

" That would. And PayPal as we could get back. I told you. Earlier backed up that -- true employ as opposed to a bit you know that that top line number that nine point 3% which. -- woke up from. Two couldn't and I -- earlier so we're finishing up what we're still going the wrong direction and the media away. And we just we all. Play it for real number of people out there waterworks and they can't get a job it is its architecture -- numbers but. There isn't as bad as statistics and -- in the federal unemployment numbers for the call to use -- And it really big wrap up all these people look sort of or an interest in the job but they're discouraged and stopped looking door. You know they're working but that's part time minutes because of the economy stinks and they a -- excited you know if you look at that -- that the September number. -- Employment rate nationwide is nine -- that just say number it's got 17%. Of -- Quite double but it is up there are so that you know I think you could probably apply that -- them -- to the Massachusetts number overlooking."

" They stayed when we go through all this can you reconcile to -- then this misery index which are referred to. And then the euphoria early this week when the Dow hit 10000. It is this doubt euphoria just completely nonsensical at my neighbors out of work. And it might have the neighbors threatened to lose his or her job how the hell is that good for community a state our country."

" It's not good it's as if something's got to be. Have to -- going forward but certainly we look at the stock market when in doubt about it and euphoria about sort of business conditions. -- did you last but globally getting better you know that that company is starting to earn more money and it. Still as we talked about -- here mostly about companies. Successfully cutting their clocks not that they're growing their businesses and yes -- you know there investors see this. It improvement coming but they're looking for nine months down the road and do exactly. Not entirely sure that that they're looking at does something spicy but it's in terms of we're looking at unemployment end this misery index -- talk about the struggle we're in right now it if it's a little bit apples and oranges and the stock market. "

" Is there any sign that this number is. Maybe anomalous that that. In other statistical blips that happened here and there."

" We couldn't steer deployment -- I think it's something about what impact that does hospitality and tourism industry is right now whether. That short term negative or. Something that's no longer about not quite sure that has been ordered to recessed area he job numbers and more encouraging. The big picture we talked in the past about how. Be the trend of Canterbury workers has been. More encouraging lately that's typically the thing that. Companies do first step aside and things getting better that's it accompanied don't -- commit to look -- permanent full time simply employee base and so. Start bringing 2% -- while. It seemed to be honest they're very recent numbers but. And John doesn't want to -- but I do but. You know our indication doubt -- that. You know hopefully we're still going the right direction but. But it is stated this is a blip I think he's got to take. You know pieces of what it says -- coming and that's what this isn't to try to create you know big picture and we. More concerned that was a week ago."

" Just three -- finger rather -- be that the temporary employment numbers are up so Steve's right that that's an early indicator that things are changing but it's not. We don't -- don't -- yet that's right Steve and about thirty seconds or so you take on John -- through. I hear about Massachusetts competitiveness in the special burdens unique Bruins yet take it easy is he smoke and some lenders agree they'll."

" That's cut output typically. A lot of time but I. Rotate the really bad economy and it's something that. As we go down we -- how. Reconcile state budget since then problems paying for things and who's gonna look and update. I think putting that burden on businesses -- bad idea for at this time what we're trying to start the job engine going again."

" All right there you have -- Sar gets sick of these businesses complaining about costume and thank you start up. He's a candidate just -- well I don't know much -- associated industries of Massachusetts thanks for being here you."

" Coming up we're gonna talk about how badly we need a new law school right about that on WR yeah 3000. Want to talk radio -- of personality. Oh win total federal untold Feinberg winter is -- On Boston's talks vision hey."

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