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[quote="Guest"]I was looking for a good deal for vacation this coming week and couldn't find any good deals to anyplace warm. Also checked expedia, priceline, etc etc. without results.[/quote]
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Guest
Posted: Sun, Apr 5 2009, 8:29 pm EDT
Post subject: Re: U.S. jobless rate hits 8.5 percent in March
Yes but we're looking for the summer and the deals are still worse than last year. You may be able to find specific deals that re good as long as you are flexible about where and what you do, but if you have a specific plan you may be out of luck. Traveling to California is more expensive this July/August than it was last year or any previous year at current prices. Traveling to Hawaii is more expensive. Hotels or condo rentals in Hawaii are more expensive. Hotels in Big Sur, CA are WAY more expensive this year, etc. For the specific things we have done before that we looked at this year, all of it was at new price highs.
Guest
Posted: Sun, Apr 5 2009, 11:59 am EDT
Post subject: Travel Deals
Try
http://www.travelzoo.com/
for last minute deals and specials. They have a bunch of links to other sites were the deals can be booked. We found quite a few nice trips starting with the TravelZoo website.
Guest
Posted: Sat, Apr 4 2009, 7:53 pm EDT
Post subject: Re: U.S. jobless rate hits 8.5 percent in March
Guest wrote:
I was looking for a good deal for vacation this coming week and couldn't find any good deals to anyplace warm. Also checked expedia, priceline, etc etc. without results.
This coming week is spring break - there is not going to be any good deals.... We have 3 cruises and a couple all inclusives booked for this year. GREAT DEALS.... The cost of these 5 vacations is about the same as 2 of last years...
Guest
Posted: Fri, Apr 3 2009, 10:58 pm EDT
Post subject: Re: U.S. jobless rate hits 8.5 percent in March
I was looking for a good deal for vacation this coming week and couldn't find any good deals to anyplace warm. Also checked expedia, priceline, etc etc. without results.
Guest
Posted: Fri, Apr 3 2009, 8:12 pm EDT
Post subject: Re: U.S. jobless rate hits 8.5 percent in March
Here's another example. A couple years ago you could get a direct flight from SF to Maui for about $450. Now its $860.
Guest
Posted: Fri, Apr 3 2009, 6:29 pm EDT
Post subject: Re: U.S. jobless rate hits 8.5 percent in March
Guest wrote:
I do not know where you are looking for airline tickets. We are going on a cruise this summer and paid so much less then last year for the cruise and airline. My family is coming from CA and paid half the price for airline tickets. All my friends and family I have talked to have been getting travel discounts on air and everything in between.
Looked for tickets on expedia.com, travelocity, orbitz, kayak (which finds the best rates from all airlines and even hunts for deals if you change the time or departure dates, etc.) and several airline sites directly, including southwest, united, continental, etc... Across the board, the rates to fly from here to SFO in late July or early August and back were higher than in previous years. Used to be possible to do it round trip on Southwest, non-stop from Phily, for about $250. Not even close to that gooda rate now, and they stopped providing direct service and you have to take connections. The best deals at the airlines seem to vary by the day. When we first looked a month ago the best rate was $420 round-trip after fees. It later dropped to $360-ish. But that is still higher than last summer when it was under $300. And of course even though we have hundreds of thousands of frequent flier miles on several airlines, not one of them had any seats at the 25,000 point level for any flight remotely in that time frame. Frequent flier programs are basically a scam these days for a family traveler.
Guest
Posted: Fri, Apr 3 2009, 4:26 pm EDT
Post subject: Re: U.S. jobless rate hits 8.5 percent in March
Guest wrote:
I still want to know where this recession is.
I certainly see technical evidence of it – the massive loss of my retirement and college savings accounts, people I know out of work, etc.
But I don’t see any effective evidence of the supposed consequences of it in the broader consumer economy. When we treat ourselves and go out to eat, the wait time has been as long or longer than ever. I keep reading airline prices have been down, but when we started planning our summer vacation the costs for our flights were higher than ever, even than last summer’s. Same with hotels or summer rentals. When we go to the mall I often have to drive around waiting for a parking space to free up. Supposedly we’re in a cycle of substantial deflation, yet all the services we pay for are higher than ever, from lawn care to oil for heat to appliance repair, etc.
I can’t think of any meaningful spending category, except auto fuel (which has started creeping back up) where we are seeing less expense or any major category of consumer spending where we are finding demand less of an issue for us.
So where is this recession really? How is everyone still shopping at the malls and eating out and competing for service providers and airline seats, etc. if supposedly 8.5% of us are out of work and another 10% are “under employed”? Are people just dipping into what little savings they have or still racking up credit card debt so they can eat out?
I do not know where you are looking for airline tickets. We are going on a cruise this summer and paid so much less then last year for the cruise and airline. My family is coming from CA and paid half the price for airline tickets. All my friends and family I have talked to have been getting travel discounts on air and everything in between.
As for the malls being packed, just because we are in a recession does not mean people cannot go out. Those people are probably only spending half if not anything at the stores. You can go to the mall without spending.
And finally going out to eat - Resturaunts have so many deals right now and if you have not noticed, coupons in the mail. We get buy one get on free coupons every week.
My belief is we are STILL in a recession and its going to remain this way for a little longer. Just because people are out and about does not mean anything. I dont think people are going to sit at home just because!!!
Guest
Posted: Fri, Apr 3 2009, 3:52 pm EDT
Post subject: Re: U.S. jobless rate hits 8.5 percent in March
I still want to know where this recession is.
I certainly see technical evidence of it – the massive loss of my retirement and college savings accounts, people I know out of work, etc.
But I don’t see any effective evidence of the supposed consequences of it in the broader consumer economy. When we treat ourselves and go out to eat, the wait time has been as long or longer than ever. I keep reading airline prices have been down, but when we started planning our summer vacation the costs for our flights were higher than ever, even than last summer’s. Same with hotels or summer rentals. When we go to the mall I often have to drive around waiting for a parking space to free up. Supposedly we’re in a cycle of substantial deflation, yet all the services we pay for are higher than ever, from lawn care to oil for heat to appliance repair, etc.
I can’t think of any meaningful spending category, except auto fuel (which has started creeping back up) where we are seeing less expense or any major category of consumer spending where we are finding demand less of an issue for us.
So where is this recession really? How is everyone still shopping at the malls and eating out and competing for service providers and airline seats, etc. if supposedly 8.5% of us are out of work and another 10% are “under employed”? Are people just dipping into what little savings they have or still racking up credit card debt so they can eat out?
Associated Press
Posted: Fri, Apr 3 2009, 12:30 pm EDT
Post subject: U.S. jobless rate hits 8.5 percent in March
U.S. jobless rate hits 8.5 percent in March
by The Associated Press
Friday April 03, 2009, 8:41 AM
The nation's unemployment rate jumped to 8.5 percent in March, the highest since late 1983, as a wide swath of employers eliminated 663,000 jobs. It's fresh evidence of the toll the recession has inflicted on America's workers, and economists say there's no relief in sight.
If part-time and discouraged workers are factored in, the unemployment rate would have been 15.6 percent in March, the highest on records dating to 1994, according to Labor Department data released today.
Job seekers during a sports career fair at the Izod Center on Wednesday, April 1. The nation's unemployment rate jumped to 8.5 percent in March, the highest since late 1983, as a wide swath of employers eliminated 663,000 jobs.
The average work week in March dropped to 33.2 hours, a new record low. Since the recession began in December 2007, the economy has lost a net total of 5.1 million jobs, with almost two-thirds of the losses occurring in the last five months.
"It's an ugly report and April is going to be equally as bad," predicted Mark Zandi, chief economist at Moody's Economy.com.
The deterioration in the jobs market and a worse-than-expected reading of the strength of the services sector in March come despite a few hopeful signs recently that the recession -- now the longest since World War II -- could be easing.
Orders placed with U.S. factories actually rose in February, ending a six straight months of declines, the government reported Thursday. Earlier in the week, there was better-than-expected reports on construction spending and pending home sales. And last week a report showed that consumer spending -- an engine of the economy -- rose in February for the second month in a row -- after a half-year of declines.
The job market traditionally doesn't rebound until well after a recovery starts. But the stock market generally bottoms out before the economy, and stocks have been rising for three weeks.
The Dow Jones industrial average spent most of Thursday over 8,000, the first time that happened since early February, before adding 216 points to close at 7,978. The Dow dropped about 60 points in midday trading, and broader indices also slipped.
Last month's tally of job losses was slightly higher than the 654,000 that economists expected. The rise in the unemployment rate matched expectations.
Employers cut 651,000 jobs in February when the jobless rate was 8.1 percent, the same as initially estimated. January's job losses, however, were revised much higher, to 741,000 from 655,000. Figuring prominently into that downgrade: much deeper job cuts in construction and professional and business services. January marked the worst payroll losses since the fall of 1949.
The number of unemployed people climbed to 13.2 million in March. In addition, the number of people forced to work part time for "economic reasons" rose by 423,000 to 9 million. Those are people who would like to work full time but whose hours were cut back or were unable to find full-time work.
Looking forward, economists expect monthly job losses continuing for most -- if not all of -- this year.
However, they are hoping that payroll reductions in the current quarter won't be as deep as the roughly 685,000 average monthly job losses in the January-March period.
In the best-case scenario, employment losses in the present quarter would be about half that pace, some economists said. That scenario partly assumes the economy won't be shrinking nearly as much in the present quarter.
But as the economic downturn eats into their sales and profits, companies are laying off workers and resorting to other cost-saving measures. Those include holding down hours, and freezing or cutting pay, to survive the storm.
Job losses were widespread last month. Construction companies cut 126,000 jobs. Factories axed 161,000. Retailers got rid of nearly 50,000. Professional and business services eliminated 133,000. Leisure and hospitality reduced employment by 40,000. Even the government cut jobs -- 5,000 of them.
Education and health care were the few industries showing any job gains.
Meanwhile, the services index from the Institute for Supply Management, a Tempe, Ariz.-based trade group of purchasing executives, fell to 40.8 last month from 41.6 in February. Economists surveyed by Thomson Reuters expected the index to edge up to 42.
Any reading below 50 indicates contraction.
The report, released Friday, is based on a survey of the institute's members in 18 industries and covers such indicators as new orders, employment and inventories. About three-quarters of Americans work in service-providing industries such as hotels, retail, education and health care.
Federal Reserve Chairman Ben Bernanke said the recession could end later this year, setting the stage for a recovery next year, if the government is successful in bolstering the banking system. Banks have been clobbered by the worst housing, credit and financial crises to hit the country since the 1930s.
Even if the recession ends this year, the economy will remain frail, analysts said. Companies will have little appetite to ramp up hiring until they feel the economy is truly out of the woods and any recovery has staying power.
Given that, many economists predict the unemployment rate will hit 10 percent at the end of this year. The Fed says unemployment will remain elevated into 2011.
Economists say the job market may not get back to normal -- meaning a 5 percent unemployment rate -- until 2013.
"There's going to quite a long haul before you see the jobless rate head down," said Bill Cheney, chief economist at John Hancock Financial Services.
To brace the economy, the Fed has slashed a key bank lending rate to an all-time low and has embarked on a series of radical programs to inject billions of dollars into the financial system.
And the Obama administration had launched a multi-pronged strategy to turn the economy around. Its $787 billion stimulus package includes money that will flow to states for public works projects, help them defray budget cuts, extend unemployment benefits and boost food stamp benefits.
The administration also is counting on programs to prop up financial companies and reduce home foreclosures to help turn the economy around.
Still, skittish employers announced more job layoffs this week.
3M Co., the maker of Scotch tape, Post-It Notes and other products, said it's cutting another 1,200 jobs, or 1.5 percent of its work force, because of the global economic slump. Healthcare products distributor Cardinal Health Inc. said it would eliminate 1,300 positions, or about 3 percent of its work force, and semiconductor equipment maker KLA-Tencor Corp. said it will cut about 600 jobs, or 10 percent of its employees.
http://www.nj.com/news/index.ssf/2009/04/us_jobless_rate_hit_85_percent.html