US Hiring Slowed in September as Global Economy Weakened
Posted by richrobinson 9 years, 7 months ago to Economics
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.
Previous comments... You are currently on page 4.
But you DID list a LOT of Good Reasons why you and other employers have reasons to contract your workforce! What y'all need to look at is Where Did Those Driving Forces Start, and just maybe, What can You or Anyone Else Do To Reverse Those Trends.
Look for Root Cause or kwitcherbitchen!
Dunkin' might have been caught in the 'health-food squeeze' as the media and health nuts took over the airwaves, too, y'know...
Any 'simple explanation' is inevitably wrong.
ON AVERAGE, we're around 5% unemployment... which IS the long-term AVERAGE unemployment for decades and decades.
As we APPROACH the "reversion to the mean," why do so many of you AND the mainscream media panic when the RATE of CHANGE of that percentage trails off?! As anything 'reverts to the mean,' it doesn't usually shoot through on a linear trajectory. If it does, it will REVERSE to 'revert to the mean' AGAIN and everyone will freak because 'unemployment is Increasing.'
Does Nobody Understand math, averages, economics?!
The root causes of the '"08 collapse" are quite irrelevant to today's economic situation. Although there is talk of another 'bubble' starting, which is what popped us into the last major recession.
PLEASE read some balanced economics... Subscribe to MarketMinder.com and read Ken Fisher's books on investing!
THEN come back here and tell me they're wrong, and why.
YES, Obama is a Keynesian. And the only two worse than him are Hillary and Bernie! They ALL believe that Government Control Is The Way To Fix All Problems.
But believing what the AP or Breitbart or Huffpost or the WaPo tell you about 'economics' will lead you 'astray' just as well.
Whatever...
We make less, taxed more, everything costs more and we dare not make a move for fear of the next satanic regulation against humanity.
Sorry...I was venting!
Remember the old song. This government ...what is it good for... absolutely nothing.
.
Ask: who stands to profit most from another collapse?
In the 2008 collapse, it was the lenders wanting to offload their toxic loan books, and the investors who passed up on the due diligence.
Jan
and is no better than a mockery. I could say more,
except that I don't type obscenity over the Internet,
(or anywhere else).
There are now five ways to adjust to market conditions in business.
1. Quality
2. Service
3. Prices
4. Layoffs and reduced hours
5. Reduce taxes
and finally number Six the Six hundred pound guerrilla chuckle chuckle
6. Close.
That's where a lot of your Christmas job bumps are coming from in the fulfillment industry. Pickers, Packagers and Shippers. Not to mention the computer skilled that put it all together. Some of that bump will stay as more turn to internet shopping and let the malls close.
Predictions: The free market will be blamed. The unborn will pay.
Do not believe the face value of anything the regime tells you about anything.
Our radical Marxist presidebt is the worst Liar-In-Chief in American history.
What could be called Obamanation has spread like a fetid immoral rot throughout every department and agency that directly answers to him.
Simple.
Too bad so many find it such a difficult lesson.
Jeff sez:
"For the past few years, the Obama lovers in the media have been boasting about the supposedly great economy Americans are enjoying. According to this fictitious narrative, Obama’s strong leadership saved the economy and led to our “recovery,” but, in reality, we face today a RINO or “Recovery in Name Only” economy.
The real economy was exposed in the September labor report. The country created only 142,000 new jobs, much less than expectations. This year, we are adding fewer than 200,000 new jobs each month, well below last year’s average of 260,000 new jobs per month.
The so-called experts blame it on the global economic slowdown, yet, the economy of the United States has been troubled for years. We never recovered from the Great Recession of 2008 and have really been suffering from a prolonged recession.
The stock market only “recovered” because of a massive influx of money from the Federal Reserve. This policy of “Quantitative Easing” was the main reason the market did not totally collapse. Now, interest rates are being kept artificially low because the Federal Reserve is not confident the weak economy can sustain an increase.
They have every reason to be concerned. Weekly earnings fell approximately three dollars to $865.61 and hourly wages decreased one penny last month and have only increased 2.2% this year. Workers are earning less and working less hours as the average work week declined to only 34.5 hours. The old adage of a 40 hour work week is from a bygone era of economic prosperity that does not reflect today’s economic reality.
Some hopelessly positive analysts will cheer that the unemployment rate remained steady at only 5.1%. However, this rate is totally meaningless in an economy with only 148.8 million Americans working and an astounding 94.6 million people outside of the workforce.
Americans outside of the labor force include all people 16 years of age and older who are not employed and have not made any efforts to look for a job. Millions of these individuals are so discouraged about the labor market that they have stopped looking for employment. Many are completely dependent on government assistance. In America today, 50 million Americans are living in poverty, while 46 million people are receiving food stamps, a figure that has been exceeded for 38 straight months. A mere 15 years ago, only 17 million Americans received food stamp benefits.
In the last month, 579,000 Americans left the workforce, a number more than four times higher than the number of new jobs in September. Thus, the labor force participation rate fell to 62.2 percent, the lowest since 1977.
View Full Article http://townhalldaily.com the rest is worth the read. for The Rest Of The Story remember those words?
Load more comments...