Posted on 08/05/2003 1:23:15 PM PDT by ex-snook
Edited on 04/29/2004 2:02:54 AM PDT by Jim Robinson. [history]
NEW YORK (CNN/Money) - U.S. job-cut announcements jumped in July to their highest level in three months, an outplacement firm said Tuesday, another sign that the longest job-market slump since World War II continues.
U.S. employers announced 85,117 job cuts in July, a 43 percent jump from 59,715 in June, according to Chicago-based outplacement firm Challenger Gray & Christmas, which publishes monthly tallies of job-cut announcements.
(Excerpt) Read more at money.cnn.com ...
Leading to what? Economic trends?
No way.
The important figures are cap-ex and inventories. Weekly/monthly payrolls are affected by a hundred things. the trend, if there was one was a reduction in layoffs untill this last report.
As bad as some may think it to be, it indicates nothing. Just fodder for unemployed bitchy IT guys who can't seem to understand that the artificial boom is over and in a maturation phase as all other previous booms have done.
Move, re-train or accept the lower pay, because the good ole days are gone man.
And no reports of how long the regime had them on ice before we even arrived...
You are correct about this, The U.S. Has not been in a post war economy since WWII.(post war boom caused by VA/loans and housing)
What we have at present that few understand it seems, is a global economy.
It takes a while to get the machine moving now, and other countries also have responsibilities for the lagging sales and by extension, employment.
The under/unemployed have the most difficulty. Wonder if they will catch on by election day?
At least that is what Buchanan thought.
Yep, Buchanan sure was stupid to think his America first ideas would be allowed in the debates like Perot's 'sucking sounds' ideas were. Instead we had Bush/Gore unchallenged promise of budget surplus, tax cuts, government spending and booming stock market for as far as the eye could see.
This is the failure that this admin will be known for unless they can bring it in line during the next few years.
I would not want that on my resume. Even considering all the obstacles.
If jobs are permantly lost, and factories permanantly close and move to mexico and asia, resulting in fewer employed, and fewer goods actually produced in america, how is it that we can have a "recovering economy"? With declining jobs and declining production, it is not recovering, it is failing.
Bush can stop illegals from coming inro our country. Bush can suspend the H1-B and L-1 visa programs. Bush can propose legislation to tax companies that operate and hire overseas, and give tax breaks to american companies. Bush can order the ins to enforce all immigration laws. Bush can propose tarrifs on companies operating on foreign soil and bringing in foreign made goods. Bush can use the power of his office to lean on legislators to get NAFTA repealed. Bush can campaign on american factories, american jobs, etc. etc.
The service industry and our reserves of talent have kept pace with the losses however.
Yes, the frickin world is changing and things are not the same as before. [The same complaint in every generation including mine]
But we muddled through them and adjusted. We are no longer nor will we ever be the manufacturing dynamo we once were because people cannot afford the higher priced merchandise and will not buy the crap.
That is the dilemma.
I cannot fix that problem, nor can anyone else. We have been gradually adjusting to it, but upward wage pressures continue to keep us out of the manufacturing market. We cannot compete, simply stated, except is some industries that require skilled trades to produce. Many of those jobs are in danger as well, as former second and third world countries establish excellent schools.
As this all works out in the wash, the American worker will find him/herself competing more and more for those skilled jobs. Our schools are preparing for this as our lives continue to change.
What, pray tell, other than isolation, which would insure total failure, would you suggest?
We must adjust and innovate. It is the only way to maintain a superior life style and society. Innovation is the key and small startups are the incubators.
But I will not vote for this president come hell or high water in 2004. With no money to stimluate jobs but $15 billion to ship off to Africa to 'fight aids', he:
a) is just another tax and spend politician.
b) ignores his base and this horrible economy at his own peril.
If he took someones job, that is unfortunate, but he has done me a lot of good and the last time I checked, I am an American. He has hopes to be one as well. I believe It would be fair to say that he is worth a great deal to this country.
Having been a citizen politician and a shallow one, at that, my eyes tend to glaze over with so many maddening specifics in even a short list like that one. (grin) That #41 will either make ya contemplate sueyside, or at minimum, give you a severe case of bruxism!!! DANG!!!
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