Posted on 03/09/2010 12:15:15 PM PST by Kartographer
A net 5% of employers said they expect to hire in the second quarter, a moderate increase compared with -2% in the prior year, but essentially flat from the prior quarter, according to the Manpower Employment Outlook Survey released Tuesday.
In the first quarter, a net 6% of firms, on a seasonally adjusted basis, said they expect to add to their workforce, up from -2% in the prior three quarters, according to the Milwaukee-based firm's survey of more than 18,000 employers.
(Excerpt) Read more at marketwatch.com ...
No, really?
And employee’s spending plans are on hold.
Why would employers remain in a holding pattern now that the true light of bammy is shinning from coast to coast? Whatever are they waiting for, we have a second coming and those evil people are not celebrating. Unexpected.
However, he put out a good cartoon this month
Waiting for the Obama EPIC FAIL before they will risk it.
People are scared to hire, expand or invest, for fear of the destructive inclination of the federal government. The recession now belongs to the ‘bama; lock, stock and barrel.
What happens when 0 appears on tv drunk?
What other explanation do we have for his epic fails:
Did he tie one on before deciding to go to Europe to push for the Olympics?
Was he drunk when he accused the police officer?
Is that why he needs the Teleprompter when addressing kids
at a school?
There are jobs. One big problem, however, is that there is a very severe mismatch between the skills and education needed for the jobs that areavailable and the skills and education generally present within the unemployed population (i.e., structural unemployment).
The blame for this mismatch, however, is largely due to bad education, tax, and regulatory policy. (The effects of this policy were masked by the credit bubble of the past decade.) For over three decades now, the Federal government has, through its various "financial aid" programs, distorted the market place for education (e.g., students can obtain loans without any regard to the value of the asset being financed, i.e., the degree in question). Tack on the obvious problems in tax and regulatory policy that explicitly discourage high-productivity or high-income businesses and individuals from domiciling in the United States, and we've got a serious problem on our hands.
This is all about supply and demand. The problem is that there's a mismatch between the supply of people (human resources) and the demand for jobs, a mismatch largely created by the Federals. In other words, to put it very bluntly, the Feds have really screwed the pooch, and unfortunately for the United States, the resulting effects will take time--years--to correct, and that's assuming that folks actually wake up to reality.
I am an ex-business man. Retired in 1999.
If I were still in business, hiring new employees would be on the very bottom of my list. There are hundreds of unknowns right now. If I’m gonna hire someone I need reasonable surety that I will be able to afford them into the future.
I know several people who are in business now. No one has any hiring plans what so ever. And they’ve been through the heartbreak of having to fire people, never a pleasant thing.
Everyone I know is being ultra extra cautious right now.
Bump!
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