Job market unlikely to recover until 2014

Job market unlikely to recover until 2014

www.msnbc.msn.com

New unemployment data show why it will take years for the labor market to recover from one of its fastest and deepest declines since World War II, even if an economic recovery is around the corner.

The Department of Labor report released Friday showed job cuts in August were lower than they've been in recent months. But a deeper look at the data shows why it will take millions of new jobs to dig American workers out of this recession's deep pit.

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This is not good at all

Lets see , the Fed is printing money like there is no tomorrow , the government is buying up failed companies and the people wont be able to find work until 2014 ?? This is not good at all and the implications lean towards a controlled society dependent on big brother .

Is it possible that one day we wake up and forget what it once meant to live in a free and open society ? Where social programs and big government involvement become the norm in our day to day living ?

What is to come of the youth where there unemployment numbers are running at 26 % ?


Just want to add that the search button is not working for me so if this story has already been posted I apologize .



www.msnbc.msn.com
(visit the link for the full news article)

reply to post by Max_TO


Here's a little side note to your story See companies are making bigger profits with fewer people and those people (Part timers) are getting paid less yet expected to produce more... the bottom line is there's little reason for a company to hire right or for the foreseeable future...

Total hours worked are down at a 2.8 percent annual pace so far this quarter, (The average workweek held at 33.1 hours) according to calculations by Ian Morris, chief U.S. economist at HSBC Securities USA Inc. in New York.

Morris, who projects the economy will expand at a 4 percent to 6 percent pace this quarter, says that means worker productivity may exceed the second quarter’s 6.6 percent jump, which was the biggest gain in almost six years.

Source

reply to post by Max_TO

People need to really pull the wool away from their eyes and just realize that they have been duped by Obama. It amazes me that there are still people who really believe that anything good is going to happen with him. They really believe he is a leftist, socialist, for the people. The truth is staring you right in the face every day people, admit you've been duped and start doing something about it.

They too the bailout cash and ran. Recovery? What recovery?

reply to post by DaddyBare
Yep...and that's why *productivity* showed gains in the past couple of months...

Not really a *increase* per say...

Just less, doing more, for less...

They have to make-up for all the laid-off masses...

I see no improvement in up-coming quarters...they've pretty much cut to the bone now...only thing going forward is even less employees to prop up profits...

Nice huh? :shk:

[edit on 9/4/2009 by Hx3_1963]

I know lay offs are hard on families, but in the long run they are healthy for the economy. It brings up productivity, and cuts the fat from businesses so that they can profit more...when they profit more...they can expand and create MORE jobs. Lay offs are a necessary "evil" for the future welfare of our society. Have you ever walked into a Best Buy seen at least 30 employees 60% of which are standing around doing nothing? Why should that be? Those jobs are needed in other sectors, and eventually they will meet equilibrium, and industries like the nursing industry will get the needed helping hands. I'm sorry, but I don't need 3 people at a Best Buy offering me an extended warranty, while they stand around picking at their teeth. Government tries to pick up the employment slack by hiring...but guess what? That money comes from somewhere...taxes and inflation.

[edit on 4-9-2009 by yellowcard]

Originally posted by yellowcard
I know lay offs are hard on families, but in the long run they are healthy for the economy. It brings up productivity, and cuts the fat from businesses so that they can profit more...w
[edit on 4-9-2009 by yellowcard]

To bad the same wasn't true for big cooperations ie the bailout plans bought and payed for by those very people who now find themselves laid off

The market hasn't been "free" for a very long time and will in all likelihood never again be able to be called free .

Its one thing to lay off people if they are building an out dated products i.e the buggy for the car however what we are facing is something else all together .

To bad the middle class has become "fat" To bad we have gone from a nation of citizens to a nation of consumers .

And for the record , I do not think it really makes a lick of difference who is President .

[edit on 4-9-2009 by Max_TO]