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3yards:

I didn't mean to reply harshly to your article. If it came off as such, I apologize. The only harshness I meant to convey was in reply to Ex-Dub's post. The rest of my post was just to reply to articles like the one you posted, or in reply to people's opinions about the "improved" unemployment rate.
 
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3yds... it was a good contibution to the debate. Just realize that the statistics we have don't measure what's going on right now. We don't track the loss of jobs to foreign workers. We don't track the loss of salary Sloopy (and to a lesser extent myself) have encountered since we are technically employed. We don't look at the costs of college educated people returning to college to start over in a new field on borrowed money.

The longer the government follows the false logic that "this has really happened before and it all turned out OK" assuming this is no different than blue-collar jobs being lost to foreign competition or technological innovation the faster they'll be proven wrong.

I didn't read any responses as people attacking you... they are simply disagreeing with the validity of the statistics referenced to measure the problem being discussed.
 
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Sloopy & BITB, no problem. I just get a bit annoyed with the ability of folks to ignore or discount information that is pertinent to their debate. Especially since this is the ONLY factual and statistical data presented in the ENTIRE thread. The first two responses to the article were to discount it as not covering the "important" details. What!?!? I'm assuming they only skimmed the article ... there is information there that seems to support their position:

"The unemployment rate remained at 5.6 percent last month. The overall rate remained stable only because 392,000 Americans gave up looking for work and were no longer counted in the labor market."

In any event, the article seems to be a fairly straightforward look at the economy. It doesn't (IMO) seem to be slanted or biased for any particular purpose. It says the jobless rate is low, but also goes on to explain why. The thing that bugs me is that when presented with some information, folks seem willing to ignore it and return to arguments bases entirely on opinion. That's not to say anyone's opinion is wrong. Sloopy (and BITB) could very well be facing tough conditions in the job market EVEN IF the overall economy was in great shape. The problems could be related to a region of the country or a segment of the industry. IF that were the case, Sloopy would be correct even if the economy was fine. That expression of one's opinion doesn't bother me at all (in fact that's what Sloopy did).

I guess I saw folks butting heads on an argument and saw some info. that would help with the discussion. Instead of siezing that info and actually reading it and deciding what it might mean, folks just returned to their opinions. That's OK too. Although it will keep a lot of people like myself from joining the discussion. I don't really have an interest in entering a "debate" where only hardline opinions are offered and rebutted with other hardline opinions.

I think I've rambled long enough.
 
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The economic numbers are improving... if this continues (I know big "if"), the job market will follow. Companies are not going to start hiring large pools of ee's until they are certain the rebound has occured...

I don't know what industry you all are in, however my wife graduated from undergrad, worked for several years, quit work, went back to school for grad school, is graduating this spring from grad school, and has more job offers than she knows what to do with (and she is only looking in the Columbus area). Every single one of her classmates has a min. of two offers... most have several or in some situations litteraly over a dozen offers each. I then hear on the news that all these kids that are graduating are having trouble finding jobs... All I can assume is that their degrees are not needed, they didn't start to look for jobs until now, they expected alot more $$ and are now finding out that a degree doesn't mean you should get huge $$$ right out of school...

I know things are not what they were back in the 90's, however jobs are out there (it might require moving, or changing industries) for alot of folks. The higer level MGT type positions, and tech type jobs, seem to be the ones that they still might bring sombody in, however pay them half the pay... those are the types of folks I am concerned with (their cost of living is high, and jobs are not out there to support their mortgage/cars/etc)...
 
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GB: I'm in the same position as your wife, however, I think it depends what field you're in. I graduated from OSU with an undergrad in Marketing. I went into sales right after, and was a huge success. I made $80K per year at 23, 24, 25 years old, which is pretty good in my estimation.

I quit work, went back to grad school in Miami to get my MBA in Finance, and graduated in December 2002. Now, I graduated during different economic times than your wife, but none of my graduating class had any offers. In fact, I think that only 3 of us had jobs coming out.

Anyway, I don't even make half of what I used to, and the job market is still a killer - I'm actively looking, but can't find a thing.
 
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Sloops,

not that going back to get a masters degree was a bad call at all, however why did you choose to go back to grad school? 80k as a 23-25 year old is good (even if you live in NY city, where the cost of living is high).

In my wifes situation, he was bluntly told that after her latest promotion, she would not get another promotion until she had a masters (she worked her way up to mid-managememt position, and all the other positions that were ahead of her required a masters)... so she quit a few months later (thank goodness she had already taken the GRE) when she found out she got into OSU's program... It also didn't hurt that OSU's program that she is in is top ten nationally, and companies from all over the US come in, and try to get these guys (I think the lowest anybody in her class had as far as undergrad GPA is concerned was slightly under a 3.5, and they all did very well with their GRE and interviews... heck they took 25 folks with hundreds upon hundreds upon hundreds of applicants).

MBA's seem to be having trouble getting placed... I have buddies that work in various institutions in Columbus (from insurance/bank headquarters to finance divisions of very large corporations), they all shake their heads about the amount of new MBA's that apply for lower level positions because they can not find anything else right now.

Did you burn out of your old job? Were you looking to go management instead of pounding the pavement?
 
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Mba?

Some interesting points. I have an MBA, I have read where there are over 100,000 a year graduating with one. I top 10 school will help you. Most others are regional. I benefited from mine.

It can backfire on you.
People think an MBA will want a higher salary.
In some cases the person hiring will not have an MBA and view you as competition.

There are a lot graduating with high school loans and no job prospects.
 
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GB: "however why did you choose to go back to grad school? 80k as a 23-25 year old is good (even if you live in NY city, where the cost of living is high)."

I was doing well at the time, but my company was a tech company and I could see they wouldn't last long (in fact, they declared Chapter 11 almost a year ago). So, I wanted to get my Masters (a long time goal of mine) while I had the money, youth, and opportunity.

"It also didn't hurt that OSU's program that she is in is top ten nationally"

Yes. Miami's Program is not as good as you think (its getting better), but the Placement Center and Curriculum isn't as good as OSU. It should've still been good enough to get me a good job, tho'.

And bucknola, you are right. The job market is flooded with MBAs right now. Its more difficult to get a job with your Masters because companies are very reluctant to pay right now.
 
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Sloops,

That's what I figured, congtrats on obtaining your goals. Smart move to see where you were wasn't going to last forever, and you got out at just about the right time... my wife isn't getting her MBA, she is getting a different masters degree (although I just read that OSU's MBA is now in the top 25 nationally).

Miami FL or Miami Oh...?
 
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All of the sudden I feel very sorry for you Sloop. To put up with all that whining non-stop. How did you ever focus! Congrats on getting that Masters. I thought about trying to get mine but just as discussed here, market it flooded with MBA and I just thought experience would be the best help to me with my Associates Degree.
 
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Scarlet: You had no idea how obnoxious those people were while I was down there. I graduated in December 2002, maybe 2 weeks before the Fiesta Bowl. I made a special trip back to the campus on January 5th, however.
 
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sloops,

Now that you mention that I did know that... there are several folks who are pro Miami of Oh, and didn't recall if you were one of them...

Are you still in south Florida or did you come back to the north?
 
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