Skip to comments.Strong Factory Growth Boosts Hiring (to highest level in 31 years)
Posted on 06/01/2004 8:51:58 AM PDT by zencat
U.S. manufacturing chugged to a full year of expansion in May, pushing factory hiring to its highest in 31 years, a survey released on Tuesday showed.
Yes... PURCHASING managers, NOT manufacturing managers.
The survey is skewed by these companies taking full credit for their finished product, despite ever-increasing proportion of foreign componts that are purchased rather than manufactured domesticly. As our Trade Deficit races to astronomicly absurd levels, the ISM stats continue to give a distorted perspective of "manufacturing" that is rapidly morphing into mere warehousing and distribution.
If you can not afford $260 a month in gas and your bills on over $30K a year, you have faild to control your spending and debt accumulation. Or live in expensive housing that could be downscaled. Maybe move closer to the job to reduce gas costs.
Or do what I and countless millions of others have done.
1) MOVE to where opportunity is greater
2) Go into business for yourself (even as a side project to bring in additional income.
It sure fits the situation! I stole the key word for my new tagline!!!
FWIW, The San Jose Mercury New's want ads are very thin. The ENTIRE section is only 6 pages. One of those pages is filled with pannel ads saying how wonderful the Merc's Career Builder section is.
This news article might be from an alternate universe. It ain't from around here!
Headline: Bush Economy worse than Nixon...
The secret within capitalism is the wealth generation inherent in what Adam Smith calls "The division of labor," where, for instance, finished cloth is produced by machines that have replaced labor intensive devices such as spinning wheels and hand looms.
It is that creaton of wealth inherent in capitalism that makes nations wealthy -- that makes nations able to buy more than they sell (a "balance of payments deficit") -- that essentially blesses people within that nation.
In other words, no facts will deter your whining.
Our nation's illusion of wealth is being propped up with irresponsible defict spending and an unfathomable National Debt.
The Outstanding Public Debt as of 01 Jun 2004 at 07:13:27 PM GMT is:
The estimated population of the United States is 294,199,936
so each citizen's share of this debt is $24,500.42.
I place economy among the first and most important virtues, and public debt as the greatest of dangers to be feared. To preserve our independence, we must not let our rulers load us with perpetual debt. If we run into such debts, we must be taxed in our meat and drink, in our necessities and in our comforts, in our labor and in our amusements. If we can prevent the government from wasting the labor of the people, under the pretense of caring for them, they will be happy.
~ Thomas Jefferson
"I am one of those who do not believe that a national debt is a national blessing, but rather a curse to a republic; inasmuch as it is calculated to raise around the administration a moneyed aristocracy dangerous to the liberties of the country."
-- President Andrew Jackson - (1824)
Wow. Now that is a beautiful line.
Any follower must then be a Kerrorista?
We truly are blessed in being a capitalist nation; capitalism being the economic system associated with freedom, an individual right not allowed in heavily socialist systems.
Oil has risen to over $42 today. Not a surprise after the attack on Saudi.
I see you listed Hamilton Sunstrand in your search. Have you tried Lockheed Martin, (plan to hire 10K per year for next six years). You did not say anything about relocation? This is not a time to be skittish about moving for a good job.
oh yeah it sounds like a bunch of cats in heat. LOL!
The excessess of irresponsible Government spending and regulation are what is driving private sector manufacturing investment and employment offshore.
What is that saying: "Even a blind chicken will eventually find some bad news"?
I guess it is something like that.
What would you rant about if you lived in the EU, or particularily Germany?
The Silicon Valley is the current version of the 1980s Mon Valley. Things that boom tend to go bust just as fast. You'll get through it --- if you want to.
We don't know how many anecdotes there are, but clearly many wish they would just go away. Vaporize. Decay. Turn to dust. Melt.
They don't fit the "new order".
Anecdotes like you and me are irrelevant. Undesired detestable spectres, the untouchables.
This can't be right...Willie will have an explanation to quash this crap right now.
If. If words were food. Here's a DONUT.
You're right - not a word about the good news on the economy. But they do have this: (surprise, surprise. NOT)
Job cut plans rise
Announcements by major U.S. firms climbs for second straight month, employment firm says.
June 1, 2004: 10:13 AM EDT
NEW YORK (CNN/Money) - The number of job cuts planned by U.S. employers rose for the second straight month in May as firms announced plans to cut more than 73,000 jobs, an outplacement firm said Tuesday.
U.S. businesses announced 73,368 job cuts in May, up from 72,184 job cuts in April, a gain of 1.6 percent, according to Chicago-based Challenger, Gray & Christmas, which keeps track of monthly job-cut announcements.
May's announcements were 6.9 percent higher than those of May 2003, when 68,623 cuts were announced.
Through the first five months of 2004, employers have announced 408,392 job cuts, an average of 81,678 per month, or about 28 percent lower than the 114,163 pace in the first five months of 2003.
But the 12-month moving average of announcements rose to 89,500 from 89,105 in April, the first gain in the moving average since December.
And the number of job-cut announcements per month remains well above pre-recession levels of about 51,000 per month, CEO John Challenger said in a release.
"Overall, job cuts are down from last year and significantly lower than the record numbers we saw in 2002 and 2001, but there are still some worrisome trends," Challenger said.
In 1984, I was working at McDonald's for $3.25/hr. Now I earn about ten times that as a software engineer.
Of coarse my skill set has increased somewhat.
and we watch because it's fun to see
Well, I'm not. I just have a B.S. in Math, the same one that I had working at McD's for 3.25 and hour. Yet somehow I am working as an engineer now. How could this be?
They will all feel like this very soon.
Actually, I havent had any steady work since 99! The telecom company I stared with in 99 collapsed almost in 2001..."
Please don't misunderstand my question, I don't mean to sound unsympathetic but I am curious. If you haven't had steady work since '99 or '01, what have you been doing with your spare time, have you upgraded your skills through continuing education courses or acquired newer, more marketable skills ? Since you received your degree in '93, you are probably a relatively young man so age shouldn't be a factor.
I've known many people who've found it necessary to shift careers after 10, 15, 20 years in their preferred profession. They didn't want to but it was a matter of having to adapt to a changing world and they had families who relied on them. Several found themselves working 2 or 3 jobs and car pooling to make ends meet as they worked their way up again. I wouldn't dare say they enjoyed it but many of them had held down 2 and 3 jobs during college so it was familiar territory.
Gotta give credit where credit is due... "tacis" came up with this one as far as I know!!! Anything that starts out with the French looking un-candid candidate's name and ends with the hind end of terrorists that he and his media buddies embolden, is perfect in my book!!!
Now learn reality
30K a year is 22K after taxes gross
$520 rent mnth (CHEAPEST in the area, not a joke)
100 Phone mnth ( Only luxery is DSL, Modem is only 15 a month cheaper)
65 electricity (avg yr) mnth (Sometimes 125 a month in December)
270 Gas (price increase) mnth , only to rise in the coming months
300 Mnth food, that is eating good, too.
not included is my tithe for church, coffee, newspapers to look for work, nor is insurance for self, about $12 a wwk, or car, $500 a yr
Nor is clothes or undewear, shoes, car parts
Tell me what you end up with, then divide by 52.
I want to see you manage up here.
THEN, loan me the money to move to whereit is cheaper.
An AS with 5 CADlanguages and 6 years experience as a designer/Draftsman, 3 years as a Project Engineer...makes me more of an engineer than a lot of BS 20-somethings that are getting hired, dont ya think?
Besides, too many people actually think they can go back and workl as a mechanic after they work as an engineer...all I keep hearing is YOULL LEAVE ONCE THE ECONOMY PICKS UP!
This is Ct, it aint gonna pick up.
I don't know anything about mantras, just curious why a young, educated person, with no mention of any physical limitations, hadn't found some source of employment for the past 3 to 5 years. I must admit I know nothing about your profession, however, it appears you've made some effort to stay viable in your field but to no avail. At least not in your area. At the risk of repeating a mantra, it seems you do have options, albeit some may not be especially palatable but they don't have to be permanent either, just a means to an end.
So then, it should be fairly easy for you to actually prove the statistics wrong.
Kerrorists ! I love that. Fair warning, I'm gonna steal it. LOL :)
And now let's go to George Bush and the Republicans and hear what have to say about this great news......
He should know his place and take the jobs to be had -- buy a lawnmower or a mop, bucket and rags and go into biz for himself.
As to what he thought he was partner in, had some right of ownership in?
Why that be something called a "Nation". Citizenship was the partnership he so foolishly thought his right.
A Nation with borders and laws controlling the flow of money, goods and people to the benefit of citizens, firstmost.
Utter folly. So old age! Dottering, really.
This *IS* the GLOBAL NEW AGE. Conme on, Race! Get with it!
The GRAND, GREAT and MAGNIFICENT BENEFITS and WEALTHS of the free trade global economy are yours to be had -- "Grab that mop, man!"
*shrug* Haven't had a regular paycheck in 2-1/2 years. Got a couple consulting gigs running, doing OK. Not in my usual field, but interesting none-the-less. Plastic is way different from silicon...
It would be nice to buy a lawnmower, but here, you compete with the PROS, and I was shocked to see how many there are!
Also, I live in an apartment, no garage, nothing more than a parking space.
I have diversified so much, no one wants me.
I have advanced so far, I am not allowed to go backward! They all tell me I will leave once the economy gets better, and I am so sick of hearing it!
I would take the $15 an hour jobs if they were perms and declare chapter 7 just to have some stability!
That's how bad it is here, and it is the talk of everyone at the memorial day parties, how the whole state seems to be outsourced. Even the place where I do drawings on the side outsources to China! they have to, all their competitors do, and it is the only way to offer reduced prices! at 10% of an American company quote!
Willie may be wrong but he is never in doubt.
Debt is silly to analyze without examining the person holding the notes ability to pay it. For instance, if I learned that I was 1.5 million in debt, I would despair. If Bill Gates learned he was 1.5 million in debt, he would hardly raise an eyebrow. So how does one measure the capacity for the US government to pay its debt? Easy, one asks the market to set a price on that debt and purchase it. Right now, the market thinks US debt is very manageable, does it not?
Where there is demand for your services.
Oops, you are not RaceBannon!
I'm sorry, but I don't understand your sarcasm. Not to put too fine a point on it but, he has invested time and effort in skills that may or may not be marketable in his area. If they aren't marketable in CT he is simply going to have to learn new skills or relocate to where he can earn a living with those skills. Most of us are resistent to change but clearly what he has been doing isn't working for him. He can stay where he is in anticipation of better days but apparently that hasn't happened for at least 3 years or more. In any realistic assessment of the situation "change" has to be on the table. A change of profession or location or going into business for himself.
and that is where?
Nope, I'm not RaceBannon, but I do know better than to move away from all my network contacts without a signed offer in hand...
Again, do for yourself and quit looking to others pockets.
Now learn reality
When I graduated college in 1996 I had $18 in my checking account and $25 in savings. I rented a U-Haul with my Visa card and moved from Buffalo NY to Raleigh NC.
I had spent my spring break in Raleigh securing a place to live and a job. I worked for TGIFridays throughout college as a line cook and was able to obtain employment at a Fridays in Raleigh for when I moved. Making a whopping $8.50 an hour. I worked my 40 hours and would put in OT when it was available. My girlfriend (now wife) came with me and brought $2,000 she had saved over the past YEAR since she graduated a year before me, and $30,000 in student loan debt, along with a beater station wagon that died 2 weeks after our arrival in Raleigh. The one thing she didn't bring with her was a job! Needing money and fast she took a low paying clerical type job at a prison!
2 months after moving Hurrican Fran ripped through, knocking out electricity for a week, spoiling everything in the fridge and freezer leaving us with no food and no money to replace it. Luckily, the same thing was happening to everyone else in the apartment complex so there was a constant BBQ (Hey southerners, it is both a noun and a verb!) going on to at least use what food could be salvaged. Everyone grilled what they could and we all shared. Other than that, we might not have eaten much of anything that week.
Lucky for us, the month previous a tornado in Hurricane Bertha only took out a tree 10 feet infront of our door and the roof off the building next to us and not the other way around.
We were dirt poor, and for no short period of time. But we have continued to improve our situation over the years through hard work, dedication, networking, saving, and avoiding the frivilous.
My wife has steadily moved up the ladder in her company, and I after 6 years in the mortgage business am on my own and doing pretty well. And my love of magic is paying dividends with my starting a career in magic instead of just doing it for fun with family and friends.
Don't think for a minute that I have had it easy and am a trust fund brat who sits upon high telling others to pull themselves up while never having done it myself.
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