I think it's terrible that the jobless numbers rose by the largest amount in over 3 months. Still, I think we have to get it into our mindsets that this is going to happen. We're letting these numbers rip the stock market to shreds, and we're acting surprised when we see that people are still having difficulty finding and keeping work. Companies are not hiring, in fact they are firing.
This is the reality. No news here.
We're not out of the woods yet. We're not going to be out of the woods for a long time to come. Things simply don't happen lickity-split. We have to have patience and sensibility with regard to this situation. Until people have a sense of security about where their next dollar is going to come from, there is going to be a holding back from spending. That's going to curtail demand. And that curtailed demand is going to put pressure on companies who may want to hire more workers.
You can't do it, and they are not going to do it (that is, hire workers) if customers aren't buying their products or services.
Unemployment numbers are abysmal. I don't like them anymore than the next guy. But patience, I think, is in order here. And again, sensibility. We can't keep reacting to the news like it's news. And by the way, the only reason the numbers improved over the last three months or so was because of the hired census workers. That was at least a large part of it.
So, weren't we simply ripe for a little setback? Like what's going on in the stock market right now. Weren't we simply ripe for that too?