Posted on 10/02/2009 7:15:54 PM PDT by Steelfish
Despite Recovery, Employers Aren’t Hiring Unemployment rate rises to 9.8 percent as 263,000 jobs are cut
Oct . 2, 2009 WASHINGTON - Job hunters will face long odds well into next year. As the unemployment rate inches closer to 10 percent, most businesses are nowhere close to hiring again.
Uncertain about prospects for recovery — the economy's and their own — employers cut 263,000 jobs in September, the government said Friday. Unemployment crept up to 9.8 percent.
As the economy slowly turns around, sales are slowly growing and many companies are starting to make money again.
But they're doing it by cutting costs, squeezing more work out of fewer employees and relying on part-timers and cheap overseas labor.
(Excerpt) Read more at msnbc.msn.com ...
The only revenge we have right now.
Ah but of course!
Here in Jackson county Michigan our official unemployment rate is at around 16%. I hate to think what the U6 numbers would look like.
Despite Recovery huh?
Of course! Those evil capitalists (most likely rich white guys who don't have the life experience of a wise latina woman) simply aren't doing their fair share of the recovery, leaving even more for the Obamassiah to grind through with the sheer force of his will...
Bull shiite! This is a purposely, misleading AP headline, there is no recovery..
>> But they’re doing it by cutting costs, squeezing more work out of fewer employees and relying on part-timers and cheap overseas labor
Companies are also controlling costs by “insourcing” — contracting for the services they need rather than hiring bodies.
In other words: there aren’t a lot of “jobs” out there, but there is plenty of “work” to do.
IF you have skills, and the motivation to work on your own without the safety net of an employer, you can find work.
BUT... you can’t fake skills, and you can’t fake motivation. And you have to work your butt off and deliver results.
Whaddayaknow... sort of like it used to be in the good ol’ early days.
In a few years when profits soar they will hire people they really don't need, put in nice but unnecessary programs and other pluses, profits then go out he window, and the cycle repeats itself.
We’ve had large increases in filings for Social Security and also disability payment/retirement. During the Depression those would of been counted as unemployed. So, yeah, I’d say effectively we are over 20 percent, but the gooberment gets to put numbers where it wants.
Yes. Remember Walter Durante from the early Stalin era. The NYT still hasn’t returned the Pulitzer.
Oh, yeah, also factor in government paid/loaned/subsidised college edjamkation. A few more percentages of young productive people hiding out, or drifting through the college years.
What recovery would that be, AP retards?
“There’s usually more layoffs right around Christmas every year. Wonder what this year holds for Americans? It’s very disheartening.”
After the holidays look for retail to implode with the marginal chains going under. (Sears/Kmart)
Which is why they will never admit to an "official" unemployment rate of 10%. We'll see 9.99487532%, but it will never hit the "magic ten".
Real unemployment (U6) is near DEPRESSION rates at 17% (and that’s almost certainly understated!). If I had to guess, I would say that real U6 is around 20% and some sectors and localities are well over 25-30% or more. Those are Great Depression numbers, no matter how you spin them.
:::::::
If these numbers are even partially correct, we know this kind of disaster does not happen by itself IN AMERICA! In our capitalist economy. It has to be engineered to happen.
Really. That is frightening.
No employer in his right mind is going to start hiring workers with Socialists running the country.
What recovery?
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.