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San Diego County's unemployment rate was 10.6% in September, unchanged from August's revised level. Government gained 2,100 jobs from August, but leisure and hospitality, which had shown some strength in recent months, lost 1,300. Some of San Diego's main industries still show losses from a year ago, when some thought things couldn't get any worse. Construction jobs have gone down 0.9% from September of 2009; manufacturing is down 2% over the year, retail trade down 1.5%, financial activities down 1.9%, real estate & rental & leasing down 3.5%, government down 1.7%, and leisure and hospitality down 1.1%

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Anon92107 Oct. 22, 2010 @ 1:26 p.m.

Say Goodbye to the Land of Opportunity Don, unemployment has become the new way of life in America because corruption, such as all the kinds you keep reporting ad infinitum, has finally destroyed the American Dream.

All of our institutions are corrupt whether it be political, judicial, business, banks, newspapers, TV, health, religious, universities, etc., there simply is no institution left to save us from the most destructive greed in history.

And now that our politicians have failed to take care of our military Heroes and Patriots who gave their lives and bodies to protect us, we shall most certainly fail the same way as the Roman Empire.


SurfPuppy619 Oct. 22, 2010 @ 2:02 p.m.

That is the "official" UE Rate, the U-3 rate, the true rate is the U-6 rate, which is double the U-3 rate.


a2zresource Oct. 22, 2010 @ 2:20 p.m.

RE #1:

I guess that being a former District of Columbia Minority Leaders Fellow in the last millennium makes me one of the barbarians at the gates.

On the up side, a modestly-high unemployment rate provides a good snap-back for expansion IF AND ONLY IF the unemployed have the job skills needed to get hired and stay hired. If all they've been doing is watching cartoons and eating Doritos on the couch, then they get what's coming to them only if politicians ever decide extend those unemployment benefits AGAIN.

WARNING: if anyone is not on track already to get enough math and science to competently apprentice under a civil engineer, then those unionized construction jobs we all thought they were going to get hired for because of those new CCDC billion$ just might not exist anymore.

At the new main library site, there could be several hundred or even a thousand hard hats with picks, shovels and other hand tools, all expecting a fat payday every other Friday for some serious manual labor. Instead, there's maybe around two-three dozen and a mere handful of large tracked shovels.

The unemployed should take a clue from all those former auto-manufacturing union members who got permanently laid off when all of the newest American assembly plants went robotic while the older ones were shutting down and moving overseas. The day is coming fast for robotic construction by home builders as standard practice, a nice way of selling houses for typical big bucks while not paying much for semi-skilled labor that was replaced by overseas-manufactured robotics in America. If a developer has a choice between (A) hiring people and making a lot of money with their labor or (B) not hiring them and keeping even more money, THEN... (thinking people can fill in the blank)


SurfPuppy619 Oct. 22, 2010 @ 3:21 p.m.

IF AND ONLY IF the unemployed have the job skills needed to get hired and stay hired.

AZ, I am always a bit surprised to hear this comment, usually from gov's or CEO's of Fortune 50 companies with nothing but an MBA under their belt (most MBA's cannot find work today), and am curious as to what type of job skills you are referring to.

While engineering is always in demand, math is not a strong subject for many people, what other skills are needed IYO?


Don Bauder Oct. 22, 2010 @ 3:50 p.m.

Response to post #1: 10% unemployment is the "new normal." Wall Street loves it, because with Main Street starving, the Fed will keep up quantitative easing, or the buying of long paper to keep long rates artificially low. Short rates, of course, are already at zero. Gulp up that liquidity! Best, Don Bauder


Don Bauder Oct. 22, 2010 @ 3:52 p.m.

Response to post #2: Underemployment is 16-17%. Best, Don Bauder


Don Bauder Oct. 22, 2010 @ 4:16 p.m.

Response to post #3: 10% unemployment is the new normal, and American business will do nothing to relieve it. You see, most businesses are enjoying cheap money. They can borrow short term and long term at very low rates.They can run up their stocks by buying them back with the cheap money they borrow. They can make acquisitions. The only businesses that are hurting from the new normal are those that rely on impecunious consumers. Notice that the businesses opposing Prop. D are largely retailers and others selling to the middle and lower classes. Best, Don Bauder


Don Bauder Oct. 22, 2010 @ 4:19 p.m.

Response to post #4: A lot of jobs that used to be called blue collar involve the ability to use sophisticated electronic equipment. Best, Don Bauder


a2zresource Oct. 22, 2010 @ 4:51 p.m.

RE #4:

We need smarter workers AND management all around. Period.

Most people with MBAs are exactly as you describe them: nothing more under the belt. It was just educational ticket-punching for them to get into the game. Without damn good analytical skills, we get stuff like the Crash of 2008 by all kinds of mass-produced MBAs who should have known better than turn something exotic like a credit default swap into a mainstream product offering in a supposedly-sophisticated market where nobody wanted to be first and say "What the hell does it all mean?!?" Even they got bamboozled by Bauder's Rule on Fraud by Financial Complexity.

These analytical thinkers need to be strategic thinkers. THIS COUNTRY IS AT AN HISTORIC CROSSROADS... and the jury is still out if we can take a leadership position in moving our economy off this rock to create new markets in places where most other countries (our international competitors) simply have no access.

A lot of the legal framework is already in place, but most people don't realize that there is such a thing as a California Space Port Authority in the state statutes.

Right now, I can see in front of me California expanding so rapidly that we will be happy to take in all of the illegal aliens that Arizona rejects because California is the place the future ought to be, and San Diego, 100 years after the start of American naval aviation, needs to be up in front with our own space-lift capable firms waiting to be utilized at full potential and beyond.

Our President, like him or not, has already dropped the flag earlier this year on what will be the greatest landrush in American history: NASA dependence on private industry to put America back into space.

Build the infrastructure to put industry in low Earth orbit and on the Moon, and the investors will come from all over this planet. If nothing else, the mineral potential of doing this would turn the commodity markets on their heads, and the next bunch of billionaires just could all be from Southern California.

So far, nobody here is talking about the atmospheric carbon dioxide on Venus, hydrogen, and sunlight coming together to make quantities of sweet sulfur-free crude on a planetary scale that the House of Saud couldn't even dream of.

BUT WE NEED TO BE SMART ENOUGH TO DO IT WITHOUT KILLING OURSELVES OFF IN INDUSTRIAL WASTE... and we can do that if the factories of the future are nowhere near this biosphere.


MsGrant Oct. 22, 2010 @ 7:47 p.m.

Forgive me if I am wrong, but I believe we need the moon intact and without invasion in order to keep our tides operating. We do not need factories. This creates the "class" system that is destroying us. We are most definitely on par with the Roman Empire at this stage in the game.

Go out this weekend and view "Inside Job". It is playing at the Landmark in Hillcrest.


SurfPuppy619 Oct. 22, 2010 @ 8:56 p.m.

It is playing at the Landmark in Hillcrest.

==================== I love the landmark.


a2zresource Oct. 22, 2010 @ 9:23 p.m.

RE "Inside Job":

Old news is still good news if true. I haven't seen that after-the-fact movie because I saw it everyday as it was happening, and those of us who were blogging on the daily activity on Wall Street from DJIA 14000 before the Crash of 2008 generally figured out that it wasn't going to last. I just wasn't blogging here about anything until after the guilty verdicts in USA V. SDG&E, and so yes, I have some things to say about "class" and privilege of being an American in this world, but I'll hold that for later.

I was in Washington at RTC/FDIC headquarters for the S&L Crisis in the 1990s. Same stuff, different decade. As Mr. Bauder has said before, it still comes back to financial complexity leading to fraud.

I suppose we really don't need factories, just like we don't need the things that come from them either. Of course, without factories, there'd be no Internet blog comments as well.

Still, humans got along just fine without refrigeration, modern medicine, and plastics for untold generations. The only thing about that is to go all the way back to that, about 200,000,000 Americans will have to die of starvation and disease before we can lapse into that kind of pre-industrial subsistence in feral anarchism without refrigeration, modern medicine, and plastics. A lot of my family background is in that kind of third-world standard of living (when Mexico was just one revolution after another) where one of my great-grandmothers buried half of her twelve children before reaching their teens from what we'd now consider to be minor, very curable illnesses.

Sorry... didn't mean to lapse into some separation of humans into classes like that, especially when that class of humans called Americans seems to enjoy all of the advantages that 95% of the rest of the human species can only hope for some time in the future. As some of my friends in foreign lands around the world have observed, "even the poor people in America are fat."

I never said anything about making the Moon disappear and affecting the tides. If we go someplace to use up that much stuff, we might as well head to Mars and screw up their tides, if they have any.


Don Bauder Oct. 22, 2010 @ 9:54 p.m.

Response to post #9: Once we get Venus travel perfected, we can send all the MBAs there. Best, Don Bauder


Don Bauder Oct. 22, 2010 @ 9:56 p.m.

Response to post #10: I keep hearing that "Inside Job" is a winner. Best, Don Bauder


Don Bauder Oct. 22, 2010 @ 9:59 p.m.

Response to post #12: There is little doubt that capitalism is self-destructing. Out-of-control greed is doing it, and the MBAs won't do anything about it. It's a pity, because capitalism is the best system that has ever been devised. Best, Don Bauder


a2zresource Oct. 23, 2010 @ 12:10 a.m.

On sending MBAs with no other skills to Venus: BRILLIANT! On the way, they can organize as manual laborers.

On capitalism self-destructing: It doesn't have to, but it needs to evolve beyond greed for the sake of greed with no sense of public responsibility.

Perhaps the Greeks were right to insist on moderation in all things, as no single artificial entity such as a corporation for its own sake can outweigh the rights of everyone else, not even if it is allowed by the Supreme Court to have unlimited speech in the marketplace of ideas.

Once incorporated under the law, there is no state-mandated death penalty for artificial persons regardless of what they do, and for that reason alone, it suffices to require corporations be held to the same standard as natural persons, to speak truthfully, to not assert corporate rights to the detriment of others, to do all of those things natural persons are required to do under the Civil Code of California and the Constitutions of California and the United States with respect to the rights of all natural persons under the law regarding our lives, liberty and property.

Corporations are not above the law but must obey the law as the voice of the people of California and of the people of the United States. Under the law, the people of California speak with but one voice. In America, that law is democratically utilitarian in its creation, where each natural person has one vote and the best outcome -- the ethical outcome -- is the greatest good for the greatest number of us.

No corporation is above the law, and the utilitarian nature of democracy insists that law upholding the natural personal rights of life, liberty and property in the public interest be the common moderator of corporate existence and action.

Otherwise, we lose the rule of law to the rule of a person as dictator, an artificial person at that. That would be an abomination to be avoided in one nation under God.

The American ideal is that under the rule of law, there be justice FOR ALL.

If we have lost sight of that as an ideal, then yes, capitalism is doomed in the same way any parasite is doomed on killing its only host.


a2zresource Oct. 23, 2010 @ 12:30 a.m.

RE "We need to be competitive in the job market and we can't be when Democrats want to begrudge the 'rich' every nickel, and they don't educate themselves on economics to boot":

I'd settle for a mandatory high school requirement of basic accounting. How is an electorate without the fundamental accounting literacy to read a balance sheet going make a decent decision regarding any public expenditure? Did anywhere near a majority of the voters actually go the the City of San Diego web site and download Fitch Ratings' supporting documents for the debt servicing training that our city council members received this month? Bets are that they're getting all of their election information from media one-liners and corporate-purchased advertising: Why bother with one's own analytical due diligence when our personal idiot boxes can keep us all "on message"?


Don Bauder Oct. 23, 2010 @ 9 a.m.

Response to post #16: Trouble is, the rich AREN'T creating new jobs. They are concentrating on corporate profits (and therefore higher chief executive earnings), and doing so by not hiring and continuing to ship jobs overseas. Companies are cutting back on their product offerings; this permits them to keep their U.S. workforce extremely lean. This is why 10% unemployment has become the new normal. I think a lot of leaders in the U.S. secretly think we can do well as a plutonomy -- an economy that serves the rich, that lives off consumption of the top 5% or so. Best, Don Bauder


Don Bauder Oct. 23, 2010 @ 9:03 a.m.

Response to post #17: No corporation SHOULD be above the law. But, alas, they ARE above the law, and they know it. The makeup of the current SCOTUS cements this mentality in place. Best, Don Bauder


SurfPuppy619 Oct. 23, 2010 @ 9:07 a.m.

AZ, good post on corps!

I feel that corps should have never been given the same rights as natural persons, because they simply are not naturaL PERSONS.

the size and the infuence that CORPS can command due to their $$$ needs to be controlled, AND SINCE CORPS CAN LIVE/SURVIVE IN PERPETUITY, THAT ALONE IN MY BOOK SHOUILD PREVENT THEM FROM HAVING THE SAME RIGHTS.


Don Bauder Oct. 23, 2010 @ 9:07 a.m.

Response to post #18: This has long been San Diego's problem: voters get their information from local media, which deliberately avoid reporting information critical to the voters. Look at the way the U-T is protecting Jerry Sanders now. I thought the publication would make some headway under new management, but it is not doing so. Best, Don Bauder


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