>> If there really are jobs out there where are they? We're gonna ask Jill Schlesinger Editor at Large for CBSMoneywatch.com. Good Morning.

>> Good morning.

>> These numbers out today. Why so relevant?

>> Well today we're gonna have the GDP the Gross Domestic Product it's probably gonna show that the 3rd quarter the economy grew by 3% so you think well growth that's terrific because in 5 of the last 6 quarters we've seen negative, we've had contraction. But a lot of people are still so upset because there aren't a lot of jobs and it's hard to get a job.

>> If there is job growth because it certainly would by those numbers be indicative of job growth where are they?

>> Where there are certain sectors where it really comes to play. So we look at health care and you know obviously health care is a big part of the economy, we're talking about health care reform well we have seen almost 560,000 jobs added in health care. When you look at education education also growing. The government says that there'd been about 380,000 jobs created or saved in education we'll get those numbers.

>> Stimulus money helped save a lot of those educations jobs.

>> Right and we'll get those numbers on Friday from the government to find out really what the number is. We also see government hiring but those jobs can sometimes be temporary. Census and technology very good growth in technology.

>> What are the sectors that are really still hurting? > > Just what you would imagine. Construction, manufacturing, you know construction has lost a million in a half jobs. Manufacturing over 2 million jobs. Really tough and retail, restaurant business those are jobs that suffer now.

>> So if I'm really to pack up my family and move where should I move to to find a job?

>> Well you might like these places because this is kind of your heartland. Nebraska

>> Lets go.

>> Aright South Dakota, North Dakota, Kansas. Places like that job loss really didn't mitigate there under 5% unemployment rate there.

>> Amazing. Alright and the worst hit areas?

>> Well what you imagine the Michigan's of the world. Nevada, we actually saw Rhode Island take a big hit big housing boom places. California had seen the greatest contraction; the ones that went up the most for housing down the most in the recession.

>> Jill thanks so much good job.

>> Thank you.

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==== Transcribed by Automatic Sync Technologies ====

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    1

    sustainablevirtualteams

    10/30/09 | Report as spam

    Economic Job Stimulus, Iraq and Afghanistan Wars ? Reality or Hoax?

    see article: Economic Job Stimulus, Iraq and Afghanistan Wars ? Reality or Hoax?
    http://seekingalpha.com/author/james-rickman/instablog

    ?It doesn?t take a Wall Street analyst to simply talk or listen to ordinary Americans struggling every day to feed families, pay rising taxes, healthcare bills piling up and people scared that at any moment they will lose jobs. No need to send billions in tax money unnecessarily overseas anymore. Perhaps shift direction by focusing spending on better educating our children, crumbling infrastructure, energy independence, manufacturing, innovation research and development that would actually create millions of new domestic jobs. Lots of challenging work is required to upgrade economic interests right here in the USA!? ?
    -- Author Mr. James Rickman, CEO (10/30/09) http://www.sustainablevirtualbiz.com

  •  
    2

    time111

    10/30/09 | Report as spam

    RE: Where the Jobs Are

    Jill is right. There are some jobs out there, but not as well
    paying as they used to be in better sectors (e.g., technology
    and financials.)

    At least the unemployed can get really busy managing their
    finances and their investments.

    But how can they do it in today's volatile stock markets?

    I believe the answer is through stock market timing signals.

    Consider http://invetrics.com

    Its daily DJIA index trading signal is up a respectable 65% for
    the year (as of October 29, 2009) and it is free of charge for
    individual investors.

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