Chart That Shows The Depth of This Economic "Recession"

mykevermin

mykevermin

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Yeah, it's from DK, but it's Bureau of Labor Statistics data, so that all that for what it's worth.

If you're like me, you said "holy shit!" :shock:
 
Indeed, if the chart is any indication, it's going to take at least 6-10 years to recover all those lost jobs.

~HotShotX
 
[quote name='HotShotX']Indeed, if the chart is any indication, it's going to take at least 6-10 years to recover all those lost jobs.

~HotShotX[/quote]

Only if this month is the bottom month.
 
Which, of course, it isn't. I hope we're near the bottom, but economic improvement is going to take the shape of "fewer jobs shed" per month before we get to no growth or positive growth.

I'd take 300K jobs lost in a single month as a positive economic indicator right about now.
 
[quote name='evanft']Well, I guess I'll just get my PhD then.[/quote]

If you have the money, not a bad plan.

If not, work part time and get your PhD over a decade.
 
In a lot of places all the Ph D students are paid a stipend and have their tuition paid. A lot of programs only admit as many doctoral students as they can fund.

So not a bad idea at all if you can get in. Though the academic job market is pretty crummy since so many Univerities are public and thus on state mandated hiring freezes. But hopefully things would be better a few years down the road when someone finished a Ph D they'd be starting on this fall.
 
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[quote name='dmaul1114']In a lot of places all the Ph D students are paid a stipend and have their tuition paid. A lot of programs on admit as many doctoral students as they can fund.

So not a bad idea at all if you can get in. Though the academic job market is pretty crummy since so many Univerities are public and thus on state mandated hiring freezes. But hopefully things would be better a few years down the road when someone finished a Ph D they'd be starting on this fall.[/quote]

Evan is an engineer. He won't have problems until he is 50.
 
I got particularly lucky, I was recently hired by and aerospace company and pretty much half the people in my division are working on post-education, with the company covering the bill. My manager particularly insists that I continue my education as well, which I will be.

~HotShotX
 
Yeah, I feel super lucky as well as I got not only an assistant professor job for next year, but actually landed the one that was on the top of my list for personal reasons.

With that and getting paid to go to grad school for 6 of the 7 years it's taken to do my Master's and Ph D I really count my blessings.
 
[quote name='evanft']Mechanical. I'm gonna do my master's in biomechanical.[/QUOTE]

That's cool. Not to derail the thread but I'm a 3rd yr MechE student right now and I'd like to hear any advice you have. It could be anything but i also have some questions: What CAE software programs do you see a lot of? What areas do you wish you had more knowledge in? How were the first couple months at your first engineering job?

You can PM me or post the answers if you have the time. Thanks.
 
I too am a MechE in grad school now. Never knew there were so many of us on CAG.

The news from Geithner today doesn't make me real optimistic that this problem will be solved soon.
 
[quote name='tivo']That's cool. Not to derail the thread but I'm a 3rd yr MechE student right now and I'd like to hear any advice you have. It could be anything but i also have some questions: What CAE software programs do you see a lot of? What areas do you wish you had more knowledge in? How were the first couple months at your first engineering job?

You can PM me or post the answers if you have the time. Thanks.[/quote]

CAE? You mean like Unigraphics, AutoCAD, that type of shit? It varies from university to university. The only stuff I have on my latop are Unigraphics, Matlab, and Fluent/Gambit.

I don't know how others are, but Wayne State's ME program is essentially two different lines at once. There's the Thermo-->Fluids--->Heat Transfer--->Thermal Fluids Systems Design line and Statics and Mechanics--->Dynamics--->Vibrations--->Design of Machine Elements/Design I---->Design II, with Manufacturing Processes in there somewhere as well. Honestly, once you get through heat transfer at my school, they might as well give you your degree. That class is basically meant to weed people out really late in the game. I believe on the first exam this semester, 9/29 got above a 60. The highest was an 85.

If your school has it and you qualify, do AGRADE. At WSU, it allows you to get your master's in half the time by counting some of your undergrad courses towards it. You basically get to skip some of the initial grad course and go directly to the ones that actually relate directly to what you've chosen.

Don't buy books unless they're really cheap. Know enough people ahead of you so you can simply borrow theirs.

Don't enter a class without a solutions manual.

Don't write a lab report without one that someone who took the class before you got a good grade on. It's so hard to know exactly what a professor is looking for with those things.

At my internships at DTE and Visteon, I didn't use anything I learned at all.
 
The graph is only bad if you don't turn it upside down. If you do a 180, we're doing better than ever!
 
The first time, the government "helped" a little. The next time it happened, they remembered they "helped" last time, so they "helped" a little more. Now they're "helping" so fucking much, the company is going to asplode.
[quote name='paddlefoot']It gets worse each time :whistle2:k[/quote]
 
So, Obama's people are basically planning to pledge 9.7 trillion to fix this mess, about 2/3 of the country's GDP.

I think Government's "helped" enough, don't you?
 
Uh... that's $32K for every man woman and child in the country. Probably closer to 100k if you'd make it available to citizens that make between $10k and $100k between the ages of 18 and 65.

I think THAT would help the fucking economy more than arbitrary pet project promised to random campaign contributor.

[quote name='KingBroly']So, Obama's people are basically planning to pledge 9.7 trillion to fix this mess, about 2/3 of the country's GDP.

I think Government's "helped" enough, don't you?[/quote]
 
[quote name='Kayden']Uh... that's $32K for from (with interest) every man woman and child in the country. Probably closer to 100k if you'd make it available to citizens that make between $10k and $100k between the ages of 18 and 65.
.[/QUOTE]

Fixed.
 
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