"(Eye-popping graph showing not so shovel ready jobs)"
"A
Posted on 06/05/2011 4:43:00 PM PDT by Red in Blue PA
Employers spooked by a sputtering economy hit the brakes on hiring last month, postponing the upswing needed to put 14 million unemployed Americans back to work.
The government's snapshot of the labor market showed the U.S. added only 54,000 jobs in May, the fewest since September. With employment gains failing to keep up with a growing population and people re-entering the work force, the unemployment rate ticked up to 9.1%, from 9% in April.
The disappointing figures sent stocks tumbling, pushing the Dow Jones Industrial Average down 97.29 points, or 0.79%, to 12151.26. The Dow has now fallen for five consecutive weeks, its longest losing streak since 2004, driven lower by a sheaf of weak economic data.
(Excerpt) Read more at online.wsj.com ...
See, they suddenly hit the brakes just last month because they saw the charts.
I was told all these millions of jobless Americans are irresponsible, would rather have cable TV than health insurance and are just lazy!
:o
The only “shovel ready job” that the Oaf-bama regime has created is all the SHIT they have shoveled on this nation!
Tell McDonald’s to have ‘another job fair’ and it will be all right (s/)
We just need to make sure "mittens" isn't the nominee.
We don't need the same ol' same for another four years!
Hows That Hope And Change Working For You?
They interviewed the President of Carl's Jr. who is opening 300 Restaurants in Texas saying California is not for business.
He said he would never start a new business now and listed the reasons.
He needs a 5 year business plan with at least a 20%
He could write a plan without knowing the Tax Structure for the next 5 years.
What would be his insurance costs under Obamacare.
What new regulations might be imposed ( they don't use the old study how much will it effect a business if the changed the regulation)
Government is taking all the capital out of private hands.
What's up with that? Gov't "help"?
If we face similar numbers as we had in the 80's...and a similar recovery time...we are in for a rough ride.
The real problem is that business isn't going to invest in hiring, expansion or capital projects in an uncertain regulatory environment. We've got an administration that is passing massive new laws that they haven't even read, then letting regulatory agencies fill in the details. Nobody yet knows what these will all come to. In addition, this administration picks winners and losers, passing out waivers to some and not to others.
Business can adjust to conditions, but it needs stability and these clowns keep changing the rules so quickly that none will take the risk until things settle out.
I started my first business in the early 80's because there were no jobs. The difference this time is capital is not available for new businesses and the number of small businesses is declining.
It won’t be long before we see this headline: McDonalds begins layoffs. When we do get ready to duck cause we’ll know TSHHTF for real.
As the chart clearly shows, it is all Bush’s fault. /s
Makes me want to sell the house, move to the hill country, and open and ice house. I figure ice cold longnacks may still be in demand. recently, the company I work for (oil field equipment) opened a plant in Shanghai. Shanghai? I told my boss that after 29 years in the business, I’d soon become redundant. Thanks Obama.
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