JOBS JOBS JOBS AND MORE JOBS
Yep the US needs to really start creating jobs now in order to turn things around. They have fired everything they could at the economy but the Jobs are not showing up yet. I would give them one more quarter before I really start to worry. Not saying that I'm not worried now but when I really worry the sparks usually start to fly in the markets. We usually have a bit of a pick up in the jobs front within the retail sector even in part time jobs around the holiday period but from what I'm seeing most of the big stores are carrying a lot less stock this year so expectations are not good there . Nearly every company that reports earnings are beating their numbers through cuts in jobs and not so much in rising sales.
We have been given the Unemployment number each month and yep it has a trend that is far from a friend nor the truth. The total unemployed, as a percent of the civilian labor force (official unemployment rate) is 9.8% but when you dig a bit deeper you get a 17% number for total unemployed, plus all marginally attached workers, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all marginally attached workers.
http://www.bls.gov/news.release/empsit.t12.htm
The Govt while giving out numbers that they can stand behind do give misleading info to us. An example of this is the way they use the birth/death model. They reported last Friday that 263,000 jobs disappeared from the economy during September. But there were around 34,000 extra jobs lost. It's a flawed system and should be flushed down the toilet.
Remember Obama said the US could see 10% unemployment. 10% is a killer for the US economy so you don't want anything above it.
So how will the US get going again well the woman above is doing something about a shit situation she found herself in, now the Govt. better get it's finger out and do the same. There is a market for things that last and don't break believe it or not. How someone could make so much money from something that lets you down almost every day is beyond me (Microsoft) an example.
The Govt. should kick start research and development in a coordinated way with all the major players contributing in each field they work in. They should have a New Ideas Project set up. Get all the big companies singing from the same hymn sheet.
There is a big world out there in need of many simple things like water, energy, food, drugs and so on. There are plenty of innovative ideas that can be brought forward into today's world to make it a better place to live in. We have all heard of things that are suppose to have been held back by companies because it would kill their existing products, well they should have a big think about perhaps producing them.
The Govt. should review a lot of it's red tape surrounding start ups, I say give people the chance to fail at least some will succeed. Give all the help they can, even have tax free for newly employed that have been out of work for over a certain time period so as not to have people giving up their jobs for the new ones with the benefits. A person working is way more valuable than one getting social security benefits even if they don't pay taxes. Most of the big companies out there are sitting on vast amounts of cash and it needs to be prised from their hands in a way that they could benefit.There is a wealth of qualified people and ideas out there wasting away. Jobs is the main cure for today's ills.
We have been given the Unemployment number each month and yep it has a trend that is far from a friend nor the truth. The total unemployed, as a percent of the civilian labor force (official unemployment rate) is 9.8% but when you dig a bit deeper you get a 17% number for total unemployed, plus all marginally attached workers, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all marginally attached workers.
http://www.bls.gov/news.release/empsit.t12.htm
The Govt while giving out numbers that they can stand behind do give misleading info to us. An example of this is the way they use the birth/death model. They reported last Friday that 263,000 jobs disappeared from the economy during September. But there were around 34,000 extra jobs lost. It's a flawed system and should be flushed down the toilet.
After Friday's report came out, Bloomberg News called Chris Manning, the national benchmark branch chief at the Labor Department's Bureau of Labor Statistics, and asked about the 34,000 probably non-existent jobs.
From April 2008 through December, the tax records showed the Labor Department’s figures overestimated payrolls by about 150,000, said Chris Manning, the national benchmark branch chief at the Bureau of Labor Statistics. That implies the estimates missed the mark by about 675,000 in the first quarter of this year...
"In this period of steep job losses, the birth/death model didn't work as well as it usually does," Manning told Bloomberg. To the extent that there was an overstatement in the birth/death model, that is likely to still be there. This year alone, this model has added over 700,000 jobs that don't exist to the government's count.
The model added about 184,000 jobs to the payroll total last quarter compared with a 135,000 increase in the same period in 2008, before the financial crisis deepened with the collapse of Lehman Brothers Inc.Remember Obama said the US could see 10% unemployment. 10% is a killer for the US economy so you don't want anything above it.
So how will the US get going again well the woman above is doing something about a shit situation she found herself in, now the Govt. better get it's finger out and do the same. There is a market for things that last and don't break believe it or not. How someone could make so much money from something that lets you down almost every day is beyond me (Microsoft) an example.
The Govt. should kick start research and development in a coordinated way with all the major players contributing in each field they work in. They should have a New Ideas Project set up. Get all the big companies singing from the same hymn sheet.
There is a big world out there in need of many simple things like water, energy, food, drugs and so on. There are plenty of innovative ideas that can be brought forward into today's world to make it a better place to live in. We have all heard of things that are suppose to have been held back by companies because it would kill their existing products, well they should have a big think about perhaps producing them.
The Govt. should review a lot of it's red tape surrounding start ups, I say give people the chance to fail at least some will succeed. Give all the help they can, even have tax free for newly employed that have been out of work for over a certain time period so as not to have people giving up their jobs for the new ones with the benefits. A person working is way more valuable than one getting social security benefits even if they don't pay taxes. Most of the big companies out there are sitting on vast amounts of cash and it needs to be prised from their hands in a way that they could benefit.There is a wealth of qualified people and ideas out there wasting away. Jobs is the main cure for today's ills.
