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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 plusaf 9 years, 6 months ago in reply to this comment.
    Nothing in life is "fair." Lose the word from your vocabulary. JG or AR would never use the term like that.

    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!
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  • Posted by plusaf 9 years, 6 months ago in reply to this comment.
    There was a recession. There was a 'sort-of recovery' and some firms overexpanded. Shit happens.

    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.
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  • Posted by plusaf 9 years, 6 months ago
    How do I say this in nice, gentle, supportive, non-judgmental way?...

    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...
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  • Posted by $ Olduglycarl 9 years, 6 months ago
    Sounds like a new 'New Deal' is comin...this time funded with funny money. We'll all be building housing for all the illegal aliens, Butchers from the middle east, shira law centers and mosks-(I don't care if it's spelled wrong).
    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!
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  • Posted by $ MichaelAarethun 9 years, 6 months ago in reply to this comment.
    Not any more. the business version of Turbo Tax will do that. Either way what it accomplishes and the only thing accomplished is more expense in the overhead column and that means shafting the end user the consumer.

    Remember the old song. This government ...what is it good for... absolutely nothing.
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  • Posted by $ MichaelAarethun 9 years, 6 months ago in reply to this comment.
    Which they were forced to make by government edict regardless of the results of due diligence. Personally I think the corporatists and the statist are used to screwing each other it's some sort of kinky thing. But don't blame just one side. They are the same just as Democrats and Republicans are the same. Two faces one party and all left wing fascist socialists run by an elitist power group. To turn the screws a little more the government changed the required operating regulations and ran the complying banks out of business. Some pigs and some banks are more equal than other pigs. i laughed my ass off a year or so later watching the SFB protestors outside a Bank America - not my favorite place- for not paying their 'fair share' of taxes. Literally in Sebastopol, California standing outside looking at the idiotic signs. One was worse than the other. So they got pissed off until i explained. Businesses don't pay taxes dumb ass. their customer pay all the taxes. it's called a Cost of Government column and lives after the usual legitimate book keeping entries and before final profit.

    .
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  • Posted by davidmcnab 9 years, 6 months ago
    Follow the money.

    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.
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  • Posted by term2 9 years, 7 months ago
    Pass new laws that require more paperwork and regulations. That requires businesses to hire clerks to handle all that.
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  • Posted by term2 9 years, 7 months ago in reply to this comment.
    A jobless recovery can be the result of big efficiency improvements and automation (robots). Nothing wrong with that
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  • Posted by term2 9 years, 7 months ago in reply to this comment.
    I say that businesses are looking to dump employees as fast as they can. They will replace employees by efficiency improvements and automation. In our small company, I am definitely into employee reduction. Just too much hassle having employees, from the paperwork of payroll regulations to the unemployment payments that can be required even after the employee quits for another job from which they get fired or quit later. Its unfair.
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  • Posted by $ jlc 9 years, 7 months ago
    One of the things that the article did not mention is that now (this year) the small businesses (<50 employees) are no longer 'grandfathered' or 'grandmothered' protection from Obamacare. This certainly gives one pause in hiring new employees.

    Jan
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  • Posted by LibertyBelle 9 years, 7 months ago
    To me, a "jobless recovery" is not a recovery at all,
    and is no better than a mockery. I could say more,
    except that I don't type obscenity over the Internet,
    (or anywhere else).
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  • Posted by $ MichaelAarethun 9 years, 7 months ago in reply to this comment.
    high prices lose customers faster while Dollar Stores are adding fresh foods. A new book for Kindle explains that the dollar stores are very often more green than the boutique stores and how to shop for exactly what Whole Foods is shutting off.

    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.
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  • Posted by $ MichaelAarethun 9 years, 7 months ago in reply to this comment.
    Long Range the unborn will pay. Short range Grandpa and Grandma ARE paying. Those Walmart part time jobs must look pretty enticing to the formerly solvent recently retired. Also in the face of closings Dollar Stores under different names are expanding and Amazon is feeling NO pain. I'm not impressed with there product search program but the rest of Amazon is Amazing!!! I just finished buying Christmas from my boat added some spare boat parts and computer batteries and a new RCA Cell Phone for me. Sears? That name sounds vaguely familiar? What's a mall? Why do I not care?

    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.
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  • Posted by 9 years, 7 months ago in reply to this comment.
    Absolutely! The last 7 years is all that should be needed to prove Keynesian Economics doesn't work. I think you are right though. The powers that be will blame the Free Market and the sheople will believe it.
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  • Posted by $ MichaelAarethun 9 years, 7 months ago in reply to this comment.
    The big culprit for the inflation or Cost of Living Index picture is not counting devaluation of buying power. 2008 triggered the biggest one in double digits we 're still getting one to one and half percent per year adjustments. Screw me once shame on you screw me twice shame on me. I left before the second screw job. Near as I can figure with the current change in exchange rates minus transfer fees I'm just about caught up with the government engineered 2008 crash. Thanks for less than nothing Mr. President from SOUTH of the border.
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  • Posted by Solver 9 years, 7 months ago
    This expensive social heroin binge statists have been pushing is going to have some really painful long term social withdrawal symptoms. And the consequences have barely begun.
    Predictions: The free market will be blamed. The unborn will pay.
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  • Posted by 9 years, 7 months ago in reply to this comment.
    Exactly. Anytime I hear "seasonally adjusted" I tune out. When Q1 GDP came in negative I heard someone complain that the formula for adjusting GDP needed updated. Not surprisingly Q1 GDP was changed to positive.
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  • Posted by $ MichaelAarethun 9 years, 7 months ago in reply to this comment.
    Quick comment on the 34.5 average hour work week. Many employee benefits are based on full time or 40 hours. 30 hours is not full time. nor are temporary jobs. By cutting employees to they cut a large amount of expenses. 34.5 average means half the work force is not legally permanent....
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  • Posted by DrZarkov99 9 years, 7 months ago in reply to this comment.
    Given the growth in the number of those eligible for jobs, roughly 220,000 new jobs need to be created each month to maintain employment. Less than that, and unemployment should rise. However, the government, rather than count all of less than retirement age as part of the workforce, ignores those who have given up looking for work, and counts part-time employees the same as fully employed. The reason the government unemployment figure remained the same was because more people gave up looking for work. If all eligible for work, whether actively seeking employment or not (except retirees and disabled), are counted, the unemployment figure is over 10%. If part time employees wanting full time employment are included, the figure of less than fully employed rises to 16%. Some estimate much higher numbers, but I suspect they've included retirees in their calculations.
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  • Posted by $ allosaur 9 years, 7 months ago in reply to this comment.
    Michael's response here reinforces what I've been saying all along but perhaps not with the following words--
    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.
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  • Posted by bsmith51 9 years, 7 months ago
    Capitalism builds capital wealth; socialism punishes, diminishes and redistributes wealth.
    Simple.
    Too bad so many find it such a difficult lesson.
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  • Posted by $ MichaelAarethun 9 years, 7 months ago
    Part of a full article this may offer some clues. Jeff Crouere at http://townhall.com The last line is part of the answer but doesn't explain U6. There is an AP article in the same location detailing the same conclusion 579,000 down 146,000 up = 433 net loss HOWEVER how much of that was the fall harvest and students returning to school bump....



    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?
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