Posted on 06/25/2012 5:47:50 AM PDT by richardb72
In case you missed it, hiring fell a staggering 9 percent last month. The hidden secret is how bad hiring has been throughout the “recovery.”
Economists say the recovery started in July 2009 — but the jobs picture still looks more like a recession.
New hires not only fell during the recession, they’ve kept on falling during the “recovery” — something that isn’t supposed to happen.
The economy has added jobs for 20 months, but very slowly. The total number of jobs has grown by just 1 percent during the 36-month “recovery.” In all past recoveries since 1970, the average job growth in the first 36 months is 7 percent.
The story gets even worse when we look more closely at that small increase in jobs. . . .
(Excerpt) Read more at nypost.com ...
If you have a job and quit without another lined up, you’re a dolt.
Sadly, most employers realize they have their employees by the gonads and have grown almost militant in their treatment.
My fiancee works for a healthcare conglomerate, and the things they’re doing to their employees makes my hair stand on end.
Most economists are paid with Federal money. That is why they have become increasingly irrelevant.
This just in!
/eye roll
With Real Unemployment and Underemployment at around 20%, it’s foolish to quit even a job you hate. This isn’t the worst economic downturn since the Great Depression. However, I think businesses are sitting around, waiting on who’s elected President. If Romney’s elected, I see companies deciding to hire new folks and wipe the dust off expansion plans. If B. Hussein is re-elected, look for some companies to go out of business, or to “Go Galt” and start up somewhere offshore.
If Obama and Obama Care are defeated/reversed in 2012, then we will witness what will become known among the Mediot elite as, THE GREAT RACIST RECOVERY OF 2013.
I am in stable and fairly level-headed environment after a couple years of contracting and a few employers from hell. It is comical money but the environment is head and shoulders better over many corp and state gov-co asylums I know of.
Not all.
I had a great job, but decided the stress was too much and wanted to relax. So I trained a replacement and basically retired to Thailand.
No I do not have a pension, and am well under 62. But I looked and decided I was sick of paying 1/4 of my income in taxes and could live on less.
Now I am living the dream (except I have to budget). I auctioned off most of my assets and am living off my savings. Which is a hell of a lot better than 60 hour weeks and losing a large percentage of my income to taxes.
Life is good. Cheers as a my Lady brings me a fresh cold beer.
How management can be so short termed and weak on vision is beside me at times.
My daughter-in-law just quit her job as a partner in her law firm to be a stay at home Mom. Financially, it will be a big hit but she and my son feel it’s worth it.
aroi! good on you!
You may be right.
My financee lives in AK and is sick of the company she is working for. I could get into the details regarding the nature of the work and the similiaries of the company culture that your fiancee is experiencing but since my lady hasn’t put her final word in, I am refraining from such detail on the web.
Well, we are getting married in a few weeks and I am moving her down to the lower 48.
We have our fingers crossed....
MFO
My fiancee and I are getting married in less than 2 weeks.
I told her that once the knot is tied and I’m hired on full time at my new company (currently contracted temp-to-perm), she can quit and become house frau if she wants to.
If nothing else, it’ll give her the opportunity to relax for a while and perhaps start carrying our child, God willing.
MANY employers are mistreating their non-management employees, because they know they can get away with it. Many folks at this company have threatened to leave, but with the unemployment glut being what it is, there would be a dozen applications on her’s boss’s desk the morning after she quit.
I do agree with other posters, however, that employers would be much better off treating their employees well to maximize profits during this downturn, and when things start looking up, they can share in the wealth and reward those who stuck it out.
Congratulations and best wishes for the future!
Fairbanks AK is just too far away and too cold during the winter!!! I hope she can adjust to the new climate and the distance away from her parents!
Cheers!
MFO
My cousin goes in at 8:00 in the morning and she is lucky to get home by 7-8:00 at night and she works many Saturdays to catch up..Yes she is salary.
What really blows is her division has had near record sales and they have 7-8 people less in her department.
When the economy improves she is going to move on and give them the finger on the way out...yes, she feels taken advantage of to say the least.
Hmmm. Still true.
Congratulations! Living on one income isn’t a bad idea at all. When I worked full time, I wasted so much money in groceries that spoiled before I got around to cooking them. No time to cut coupons. Too much carry out.
Personally, I’d just like a job interview in my field.
I don’t hate by job per se, but because of hiring freezes, etc. there has been no cross-training or other measures to ensure a minimally disruptive succession. Lower level employee positions that create the promotion pool have shrunk. Valued employees in critical spots are getting salary matches when they get offers and sometime just interviews because they really aren’t short-term replaceable.
There haven’t been any raise pools in a few years, and this is the only monetary way to test your merit.
I retired early, also. But being a patriot and taking my oath to protect and defend the Constitution against all enemies foreign and domestic, I chose not to run and hide. When the SHTF the local Thai thugs will come for you. It won’t be pretty.
I am debt free and intend to get her out of debt quickly. Once we’re debt free together, living on one income should be a cinch.
Maybe.
But the simple fact is if you are responsible, you won’t revolt.
Companies know this.
When they send a mob for you will it be any prettier? Or a drone?
I used to think like you, but I am starting to realize that it won’t be any safer here, and maybe more dangerous than overseas.
The mobs will still attack outside the tribe. If you are in an area where that means you, it doesn’t matter which country.
Yes many businesses now know they got employees over a barrell and they are giving it to them hard and deep.
I'd love to know which one....I work for Providence...
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