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Blistering Holiday Hiring Shreds The "All The Growth Is From Inventory" Scaremongers
The Business Insider ^ | 11-502010 | Joe Weisenthal

Posted on 11/05/2010 1:56:30 PM PDT by blam

Blistering Holiday Hiring Shreds The "All The Growth Is From Inventory" Scaremongers

Joe Weisenthal
Nov. 5, 2010, 3:02 PM

When Q3 GDP came in at 2%, bears pointed out that it was all due to inventory rebuilding, and that the economy was fundamentally not strong.

But as we pointed out at the time, you should only fear an inventory build if the end demand isn't there to follow it up.

And though we don't know for sure, this would confirm that the demand will be there.

Holiday hiring, as this chart from Calculated Risk shows, is already at a blistering pace compared to recent years. Retailers don't hire if they don't see demand. They're hiring.

Don't miss: 5 reasons holiday sales will be shockingly good >

[snip]

(Excerpt) Read more at businessinsider.com ...


TOPICS: News/Current Events
KEYWORDS: economy; hiring; inventory; retail; retails; sales; seasonal

1 posted on 11/05/2010 1:56:34 PM PDT by blam
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To: blam
Scaremongers . Another government hack masquerading as a journalist .
2 posted on 11/05/2010 2:01:14 PM PDT by fantom (,)
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To: blam

Holiday shopping might be “shockingly good”, but I don’t personally know anyone who is going to be stepping up their holiday spending over last year.


3 posted on 11/05/2010 2:03:58 PM PDT by MEGoody (Ye shall know the truth, and the truth shall make you free.)
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To: blam

LOL...that chart doesn’t appear to show “blistering” hiring compared to the ‘90s, and the population has grown significantly since then. Employment has to go up 200,000 per month just to keep up with the increase in the workforce. At the present rate, it will take 12.5 YEARS to get to where we were in 2006.


4 posted on 11/05/2010 2:04:44 PM PDT by kittymyrib
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To: MEGoody

What I have heard is that EVERYONE will be cutting back bigtime.

LLS


5 posted on 11/05/2010 2:04:48 PM PDT by LibLieSlayer (WOLVERINES!)
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To: blam

We can’t manufacture.
We can’t build.

Part timers are the answer!


6 posted on 11/05/2010 2:08:35 PM PDT by Adder (Note to self: 11-2-10 Take out the Trash!!!)
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To: kittymyrib
Right . More Jive ass graphs . As to the 2 percent growth , I’ll wait for the revised downward number that comes out later . The only blistering here is that sore on this idiot's lip .
7 posted on 11/05/2010 2:09:42 PM PDT by fantom (,)
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To: blam
Blistering Holiday Hiring Shreds The "All The Growth Is From Inventory" Scaremongers

According to Business Insider, we gained service sector jobs but lost manufacturing jobs. I don't think it's scaremongering to note that this increase may be seasonal hirings.

8 posted on 11/05/2010 2:12:14 PM PDT by TwelveOfTwenty (Compassionate Conservatism? Promoting self reliance is compassionate. Promoting dependency is not.)
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To: MEGoody

I am. I went Galt after the 08 election. Now have resored confidence that the US will, shortly, be back on the right track.


9 posted on 11/05/2010 2:13:38 PM PDT by tanknetter
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To: blam
The retailer that I am most familiar with is hiring new employees...parttime...and cutting hours of current employees...all parttimers. Their built up inventory is unsold/returned items stored in trailers and put up for sale for a few days before being exiled to the trailers again.
10 posted on 11/05/2010 2:23:35 PM PDT by crazyhorse691 (Now that the libs are in power dissent is not only unpatriotic, but, it is also racist.)
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To: MEGoody

Everyone I know is not ‘doing’ Christmas presents this year. Token gifts for the little ones is about it.


11 posted on 11/05/2010 2:25:18 PM PDT by sheana
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To: blam

Holiday sales will be huge! Why?

People who have not spent all year, will “make Christmas happen.”

To evaluate this look to the Carter and then Reagan’s early years.


12 posted on 11/05/2010 2:28:00 PM PDT by EBH
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To: LibLieSlayer
NIA Projects Future U.S. Food Price Increases

"NIA expects all retailers to soon substantially raise food prices at the same time, which will ensure that this Holiday shopping season will be the worst in recorded American history."

13 posted on 11/05/2010 2:28:30 PM PDT by blam
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To: MEGoody

Less for me...we old geezers didn’t get a COLA raise this year or next...prices for food has risen, so belts here on spending are tightened even more. I picked the grandsons/daughters up some T-shirts off the mark down rack at Penny’s for next to nothing and that is their Christmas from grandma this year. Adult kids asked us not to buy them presents 2 years ago.


14 posted on 11/05/2010 2:38:12 PM PDT by GailA (obamacare paid for by cuts & taxes on most vulnerable Veterans, retired Military, disabled & Seniors)
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To: blam

Well, I don’t know about all that economy indicators business and such....I’d roast a turkey for Thanksgiving and Christmas, but I’m afraid the Secret Service would be on my ass like stink on ........[you know]


15 posted on 11/05/2010 2:39:27 PM PDT by Gaffer
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To: blam

hire a retail clerk. the sales will come /s


16 posted on 11/05/2010 2:53:16 PM PDT by paul51 (11 September 2001 - Never forget)
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To: Gaffer

You can make an argument that this might be a good quarter as upper income and others start taking their capital gains before the new rates kick in Jan. A sort of capital gains for clunkers effect...next year is a different story.


17 posted on 11/05/2010 2:55:18 PM PDT by DHerion
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To: sheana
people tell me they are not doing christmas cards this year because they are going green. I tell them I am not doing christmas cards this year because I am going broke
18 posted on 11/05/2010 2:55:45 PM PDT by paul51 (11 September 2001 - Never forget)
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To: paul51
hire a retail clerk. the sales will come /s

The rain will follow the plow.

19 posted on 11/05/2010 3:03:05 PM PDT by Wissa (Gone Galt)
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To: blam

Interesting that even before Halloween...stores around here in Reno were advertising 40-60% off everything then with extra 20% coupons. I told a friend it seems like they are trying to unload everything they can now....


20 posted on 11/05/2010 3:18:59 PM PDT by BossLady (Las Vegas - Come on Vacation....Leave on Probation!)
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To: blam

I believe this story. Here in the Washington DC area, things are hopping! Restaurants are full and stores are doing VERY well.


21 posted on 11/05/2010 4:00:41 PM PDT by Poundstone (A recent Federal retiree and proud of it!)
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To: Poundstone

Sheesh, that’s because DC is the locus of all that is evil. Awash in money sucked in from all the states and the Fed machine. Gov workers still have money.

Put here in rural American west things totally suck, there is almost no work for anyone, tons of foreclosures and tax defaulted properties, more empty stores than ones still trying to do business. Official unemployment in my county is about 14%.


22 posted on 11/05/2010 4:07:53 PM PDT by little jeremiah (Courage is not simply one of the virtues, but the form of every virtue at the testing point.CSLewis)
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To: DHerion

Yes you are right.


23 posted on 11/05/2010 4:08:03 PM PDT by Gaffer
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To: blam
Here is more scaremongering.

Good news on payrolls isn’t good enough

24 posted on 11/05/2010 4:24:08 PM PDT by TwelveOfTwenty (Compassionate Conservatism? Promoting self reliance is compassionate. Promoting dependency is not.)
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To: Poundstone

Duh! Everyone there works for the government! of course they have money as long as Obama keeps printing it!


25 posted on 11/05/2010 4:26:50 PM PDT by hedgetrimmer
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To: blam

It is sickening that we have such an evil press of propaganda and bias. There is no truth left in government our journalism... and neither gives a damn whether we like it or not. Everyone that I know is saving and preparing for the worst.

LLS


26 posted on 11/05/2010 6:44:16 PM PDT by LibLieSlayer (WOLVERINES!)
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