To: ovrtaxt
None the less, its not a boom until the job market reflects it.
To: maui_hawaii
bump for later read
To: maui_hawaii
Jobs are always the last thing to turn. Businesses need to be making money for people to be hired, That can only happen if consumer spending goes up, which it has - once the labor market gets tight, a boom happens, everyone has money, inflation goes up, then interest rates, then people stop spending money, businesses start to lose and people get laid off.
That's life in a cyclical economy.
To: maui_hawaii
None the less, its not a boom until the job market reflects it.True, but job creation is late in the cycle. Employers are reluctant to create new jobs until they are sure they will last. It's painful to lay people off if it's a temporary blip. Instead they'll work the survivors until they can give no more - and the survivors, having had their shoulders recently brushed by the wings of the Angel of Economic Death, will work very hard inded to save their jobs. (They all know former co-workers how haven't been able to find a job in months/years).
Many jobs AREN'T coming back. EVER. But there will be more jobs created, some pretty good, some pretty minimal
The big question is will it be in time to save Dubya? If not, we are all in really big trouble...
40 posted on
09/21/2003 9:18:21 PM PDT by
null and void
(If they didn't want a Crusade, why did they start one?)
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