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US Hiring Slowed in September as Global Economy Weakened

Posted by richrobinson 9 years, 7 months ago to Economics
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Seven years of high speed Obama Keynesian economics and this is where we are. Record numbers not in the work force. A global slow down. The potential for another '08 style collapse. I wonder what Socialist solution is in store for us next.


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  • Posted by term2 9 years, 6 months ago in reply to this comment.
    What I am finding is that the advances in robots and robot parts are coming FROM china, Enables building robotic solutions much easier with less technical labor. In addition, German engineers are advancing robotic science a lot too. I dont see a lot of this with American skilled labor (if there is any left)
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  • Posted by $ blarman 9 years, 6 months ago in reply to this comment.
    Except that then you would see an uptick in skilled labor - the people building, maintaining, and creating all the automatons. You also see an uptick in IT to handle the extra data.

    A jobless recovery truly is a non sequitur.
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  • Posted by $ blarman 9 years, 6 months ago in reply to this comment.
    And Forbes magazine has already interviewed several big business employers who also cited Obamacare as the primary reason they weren't hiring either - despite good cash flows.
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  • Posted by $ blarman 9 years, 6 months ago in reply to this comment.
    Here's a couple of better numbers to look at:
    Total population
    Population employed (AKA Labor participation rate - currently at its lowest in 40+ years)
    Average family income (down >$5000 under Obama)
    U13 unemployment rate (a more realistic look)
    # of people on government welfare, especially food stamps and WIC

    The problem with looking at the U6 unemployment number is that it is based on the number of people actively looking for work and does not include those taking handouts.
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  • Posted by Herb7734 9 years, 6 months ago
    In 2008, almost everyone in the Gulch could have predicted the employment record of 2015. My family is mostly very liberal. In other ways, they are super smart, but when it comes to politics, the mental disorder of liberalism takes over and and turns them into idiots. So, what do they say now? You'd be surprised as to how downright laughable their excuses are. The closest any of them has come to the reality that is Obama was when my cousin from Massachusetts' wife said, "His performance has been disappointing." I wanted to scream at her, "Disappointing? Is that all you can say? You have the political acuity of a fruit fly!!!"
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  • Posted by term2 9 years, 6 months ago in reply to this comment.
    I dont believe ANYTHING our government or media for that matter throws at us. Everything has hidden agendas to support something they want. The best I can do is attempt a translation to uncover their ulterior motives, and also to find facts (when available) to really find out whats going on. In my experience,non government jobs are becoming more scarce, particularly higher paying ones (except for the wall street type jobs that are being fed by federal reserve money printing). Government jobs are secure (for the time being) and pay a lot. Thats because they take in tax money at the point of a gun and arent held accountable for any results.
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  • Posted by term2 9 years, 6 months ago in reply to this comment.
    Except for certain circumstances, no business person in their right mind would WANT more USA employees if there is any other option. Who wants to CREATE jobs really along with all the downsides the government and the courts throw at us when we do create the jobs?
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  • Posted by term2 9 years, 6 months ago in reply to this comment.
    Low level jobs went to China (our little company sent some of those ourselves) because they work for less money than entitled Americans who refuse to accept that competition reduced their value.

    But, middle and upper management jobs ALSO went to China too- not directly, but because the low level jobs here required middle and upper management people who are now no longer needed here. That helps account for the reduction in management jobs here in the USA.
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  • Posted by term2 9 years, 6 months ago
    In my company, we are trying as hard as we can to automate, robot-ize, and reduce employees to anticipate the $15/hr minimum wages, extra costs due to health care, and extensive new employee regulations. Frankly we hire only illegals to avoid the issues that are here already. When they make that impossible, we want to only need a small number of american legal employees.
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  • Posted by wiggys 9 years, 6 months ago
    I find the government numbers interesting. The number of unemployed increases and the number of employed increases. I believe the number of unemployed does increase each day let alone each month, but the employed well that is another bit of government b/s. Just like the unemployment rate staying at 5 percent, when you hear that you should be wearing waders and carrying a shovel. The government is employing every trick so to speak in the book to ignite the population to believe things are getting better, however, the population the greater part of it to include ghetto people know that things are not getting better. You just can't fake reality!!!!!!!!!
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  • Posted by plusaf 9 years, 6 months ago in reply to this comment.
    From 1948 to 2015, there were five periods when the 'unemployment rate' according to the BLS, was BELOW FIVE PERCENT. See link above, set dates to 1948 and 2015 and click "go" button.

    Visually, the Average looks to be around SEVEN per cent over that Entire Time.

    I refuted, not 'backed up' your statement. Sorry.
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  • Posted by plusaf 9 years, 6 months ago in reply to this comment.
    Michael, you also need to look at how many times the Debt Limit has been raised when the Debt approached the old limit.

    First answer: MANY times.
    Next answer: EVERY TIME.

    When the Debt Limit is ALWAYS RAISED when the Debt approaches the Limit, c'mon... the "Limit" becomes meaningless!!!!!!

    c.f., http://www.plusaf.com/pix/homepagepix...

    Get it?
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  • Posted by $ MichaelAarethun 9 years, 6 months ago in reply to this comment.
    not being on that end of the spectrum but thinking about it I wonder why take the risk instead of working on protecting and securing what one had? As someone pointed out to me that's what zero interest T bIlls are for funnily enough. I took a different route. No commissions involved. Fit my cautious personae. Timing and a bit of luck was everything. Now I'm still not liberal rich but on the other hand I'm not poor and not only covered the loss of buying power but as bit extra of the ready. My goal was replace the retirement should it suddenly stop for whatever reason. That is my house so to speak and I'm not mortgaging it literally speaking.
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  • Posted by CircuitGuy 9 years, 6 months ago in reply to this comment.
    If he was a millionaire I hope he passed on some investing advice too. A starting point would be to do the wise things that caused him to build wealth.

    I say don't worry about the marco issues if you don't understand them, like the topics of those stupid e-mails. Instead I would focus on investments in things where I can clearly understand why customers give them money and how they can get what they provide at a good price and make a profit.
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  • Posted by $ allosaur 9 years, 6 months ago in reply to this comment.
    Thanks for a couple of investment tips to to check out.
    My recently passed away dad left my brothers and I a tidy inheritance. He was a millionaire.
    I'll won't put too much of that into stocks.
    Some of my "conservative" email is about the expectation of stock markets crashes, bubbles bursting and complete economic crashes leading to survival situations, but I've also noticed such email is about someone trying to sell me something.
    I still expect something bad to happen with the gigantic debt Obama doubled.
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  • Posted by term2 9 years, 6 months ago in reply to this comment.
    One of the bad side effects (among many) of fiscal manipulations is that it takes away our ability to use money effectively. I'm always chasing moving targets The so called CPI is useless, and it's causing me to buy fewer big ticket items, become a coupon baby, go out to restaurants less, and otherwise keep my total expenses numerically the same year over year and therefore my standard of living lower each year. If everyone did this, our economy would slowly shrink
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  • Posted by $ MichaelAarethun 9 years, 6 months ago in reply to this comment.
    Absent inflation which isn't part of the plan is not a reliable fix. along with devaluation and debt repudiation it's more like a corner stone of fiscal policy.
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  • Posted by $ MichaelAarethun 9 years, 6 months ago in reply to this comment.
    If it's so great how come they raised the debt limit again? I think it's great - I opted out of a failed system to the extent possible and turned my situation around. As for the rest let them eat credit cards for Christmas Dinner.
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  • Posted by $ MichaelAarethun 9 years, 6 months ago in reply to this comment.
    Figures can lie and liars can figure. GDP as a percentage of debt service or the other way around is oif interest. That would be NDP. As I recall the treasury put the breaks on because NDP had decreased below the amount needed to service the debt all the other cutesy figures become moot when you can't pay the light bill.
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  • Posted by $ MichaelAarethun 9 years, 6 months ago in reply to this comment.
    So are most of the news sources including the non liberal sources. I'm seeing low eighties employment some of them are making a case for as low as mid sixties counting the fell off the back end group and the initial ten percent Mulligan gimmees.
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  • Posted by $ MichaelAarethun 9 years, 6 months ago in reply to this comment.
    That would be a boon to job creation absence the Luddites. Since McDonald has not been a fast food restaurant for some time that part would scarcely matter except pull over to the curb we will bring your order out. the unions representing a strong minority are scarcely considered any more except in their role of maintaining the left wing socialist fascist government in their role as third leg of the socialist triumverate along with statists and corporatists. Now nearing 85 years in that role. Absent government employee unions they are a fraction. and, at least in my direct experience, were of little use to their members.
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  • Posted by $ MichaelAarethun 9 years, 6 months ago in reply to this comment.
    6 or 6.65 unemployment is way above 5% per unemployment it was below 5%' once counting all the work force inWWII for a very short time. Thanks for backing up my statement.
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  • Posted by plusaf 9 years, 6 months ago in reply to this comment.
    I have no idea.. :)
    But ceteris paribus (sp?) ... the attempt to keep EVERYTHING ELSE the same while varying ONE variable so as to observe its effect... is way hard to do... especially in economics and Economies! :)

    I'd guess, though, that if automation and/or improved efficiency could be looked at Alone, their effects probably would be to lower 'costs', hence 'cost of living.'

    but IANAE (I Am Not An Economist) ... Thank whoever or whatever... :)
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