and Macy's just dumped 4000+ workers after the first of the year and Macy's just dumped 4000+ workers after the first of the yearThe agriculture sector is entering a third year of depressed prices and from past experience the regular economy hits recession in that third year.
What the Worst First Week of Trading In History Tells us About the Year to Come
https://www.youtube.com/watch?v=0YV3v9TDdz0
11,000 new jobs rounded up to the nearest 300,000.
Looks to me like the seven year cycle is inevitable but worse than in the past because this is mostly a fake economy. The next president inherits a bloody mess for at least two years, probably more like three or four.
This economy generates crap jobs. About the only way to have a decent income is to create a job for yourself as in create a business but the people to sell to are dwindling down. Bartenders, baristas, waiters and the like don’t buy much stuff. They can’t.
The money is going to medical and legal professions so long as the boomers have money to spend on their health and so long as more laws are made. Both seem to be booming industries.
I am amazed at Houston though. What is sustaining it? The restaurants are full out in the burbs and mid-town even on week nights. Oilfield jobs are absolutely in the dumper. There are people employed but all the jobs are on squishy ground if not just marsh grass mats.
A service economy is a very weak economy that can’t last. You have to make something that adds value to the materials you have available.
Big lies!
Stockman: Only 11,000 Jobs Last Month, Not 292,000
NewsMax ^ | 01/09/2016 | David Stockman
Posted on 1/11/2016, 4:06:12 PM by GilGil
So what happened to the non-seasonally adjusted (NSA) job count in December at similar points late in the course of prior cycles? Well, in December 1999 about 140,000 jobs were added and in December 2007 there was a NSA gain of 212,000. This time we got the magnificent sum of 11,000, and by the way, last year was only 6,000.
The real news flash in the December “jobs†report, therefore, is that even by the lights of the BLS’ rickety, archaic and virtually worthless establishment survey, the domestic economy is dead in the water. We are not on the verge of “escape velocity,†as our foolish monetary politburo keeps insisting; the US economy is actually knocking on the door of recession.
http://www.freerepublic.com/focus/f-news/3382446/posts