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Firms still slashing jobs
MSNBC.com ^ | 9/5/03 | ASSOCIATED PRESS

Posted on 09/05/2003 11:15:13 AM PDT by Afronaut

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1 posted on 09/05/2003 11:15:15 AM PDT by Afronaut
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To: Afronaut
unemployment rate fell from 6.2 percent to 6.1 percent while companies slashed payrolls by 93,000. How is that? Answer:

Last month, the number of people in the labor force remained largely unchanged, with just 10,000 giving up their job searches. The labor force is comprised of those working and looking for work. Nearly 2 million people in August were unemployed for 27 weeks or more, representing nearly 22 percent of all jobless workers. Those figures were similar to July numbers.

Take out the Bush led spending spree; what would we be looking at here?

3 posted on 09/05/2003 11:18:55 AM PDT by Afronaut
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To: Afronaut
Just lost my $80K/year engineering position.
4 posted on 09/05/2003 11:39:47 AM PDT by Orbiting_Rosie's_Head
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To: Afronaut
Take out the Bush led spending spree; what would we be looking at here?

An economic recovery, with unemployment the traditionally lagging indicator.

5 posted on 09/05/2003 11:42:20 AM PDT by Coop (God bless our troops!)
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To: Orbiting_Rosie's_Head
its happening all over the country.

as I predicted months ago, 4Q is going to be bad for jobs. white collar jobs are melting away, corporate america is creating a new business model for themselves that move white collar labor offshore, add this to what we know is happening in manufacturing, and you can see where this is going. if something is not done to break the re-formation of the business model towards offshore labor, some very serious times are ahead.
6 posted on 09/05/2003 11:45:02 AM PDT by oceanview
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To: Orbiting_Rosie's_Head
stay on this thread, the free traders will be along soon to tell you that you were overpaid, that you have "buggy whip" skills, and all the rest.
7 posted on 09/05/2003 11:46:01 AM PDT by oceanview
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To: Coop
"An economic recovery, with unemployment the traditionally lagging indicator. "

Traditionally, unemployment does not lag two years into a recovery.

8 posted on 09/05/2003 11:46:22 AM PDT by ex-snook (American jobs need BALANCED TRADE. You buy from us, we buy from you.)
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To: oceanview
stay on this thread, the free traders will be along soon to tell you that you were overpaid, that you have "buggy whip" skills, and all the rest.

And the gloom 'n doomers are already here telling us Armageddon is fast approaching. Meanwhile my 401K is continuing to increase in value, I have more of my own money to spend, consumer spending is excellent, and we're approaching the Christmas season which will mean seasonal hirings.

9 posted on 09/05/2003 11:48:55 AM PDT by Coop (God bless our troops!)
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To: oceanview
Conversely, the central-planners will be here to explain that you are entitled to a "living wage," and the only answer is government intervention. I love strawman fallacies.
10 posted on 09/05/2003 11:49:45 AM PDT by 1rudeboy
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To: ex-snook
Traditionally, unemployment does not lag two years into a recovery.

Traditionally terrorists don't slam airliners into massive office and DoD buildings, thereby severely harming our nation's infrastructure and sense of security, thereby leading to two large, separate military conflicts and a whole slew of increased security measures and associated costs. Yet the economy, while sputtering, has absolutely amazed me with its ability to withstand such devastation.

The recovery started seemed to start in late Spring/early Summer 2003.

11 posted on 09/05/2003 11:51:13 AM PDT by Coop (God bless our troops!)
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To: Coop
seasonal hiring? where, at walmart and target? are you seriously telling us those are real jobs?
12 posted on 09/05/2003 11:53:37 AM PDT by oceanview
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To: oceanview
stay on this thread, the free traders will be along soon to tell you that you were overpaid, that you have "buggy whip" skills, and all the rest.

Yeah, I've heard that line of BS. I work (for two months, until my termination becomes effective) for a optical transport builder, doing research. I program test systems using some of the most sophisticated software tools known. Some "buggy-whip". Word is that the development work will be moved offshore and that all personnel not involved in maintenance (lower paying jobs) will be whacked. I'll likely be able to find work, that is until my next employer starts eyeing his stock options, looking for that quick boost, or the latest fashion in pump-and-dump schemes.

13 posted on 09/05/2003 11:56:33 AM PDT by Orbiting_Rosie's_Head
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To: 1rudeboy
Conversely, the central-planners will be here to explain that you are entitled to a "living wage," and the only answer is government intervention. I love strawman fallacies.

No one said anything about central planning, that's another red herring, akin to the buggy-whip argument. It's quite likley that your nonsensical message traveled to FR over equipment my employer builds (or used to build, when it moves offshore). I guess you would rather the Red Chinese build the systems on which you depend. Or perhaps intelligent individuals like myself could be herded into labor camps to increase the bonuses and stock portfolios of our corporate overlords

14 posted on 09/05/2003 12:02:05 PM PDT by Orbiting_Rosie's_Head
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To: oceanview
Didn't take them long.
15 posted on 09/05/2003 12:04:31 PM PDT by Orbiting_Rosie's_Head
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To: oceanview
are you seriously telling us those are real jobs?

Are you telling me they're not?

16 posted on 09/05/2003 12:04:52 PM PDT by Coop (God bless our troops!)
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To: Orbiting_Rosie's_Head
Speaking of nonsense, how do you propose that your job be saved?
17 posted on 09/05/2003 12:06:34 PM PDT by 1rudeboy
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To: Orbiting_Rosie's_Head
Didn't take them long.

Imagine that. And on a conservative website, no less.

18 posted on 09/05/2003 12:08:52 PM PDT by 1rudeboy
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To: GoOrdnance
Yeah, just like before.
19 posted on 09/05/2003 12:11:06 PM PDT by stuartcr
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To: Coop
Quite a stretch to blame the 'employment lag' indicator on 9/11. Since 9/11 we added plenty of government payments and jobs into the economy. From Homeland Security, military production contracts, armed forces buildup, nation building, etc. Employment has been 'lagging' well before 9/11.
20 posted on 09/05/2003 12:22:12 PM PDT by ex-snook (American jobs need BALANCED TRADE. You buy from us, we buy from you.)
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