Our financial system is crumbling this week.

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Arthur Dent
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Re: Our financial system is crumbling this week.

Post by Arthur Dent »

Another scary graph. In modern recessions afther the initial phase, the dominant factor in unemployment has been increased duration. In this one, both firings and duration continue to rise.

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http://www.voxeu.org/index.php?q=node/3071
Last edited by Arthur Dent on March 9 09, 1:58 pm, edited 2 times in total.

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haltz
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Re: Our financial system is crumbling this week.

Post by haltz »

I was talking to someone today and, according to this person, there was an hourly wage janitor job with benefits posted somewhere. 1,000 St. Louisans applied for it in the first 24 hours.

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Leroy
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Re: Our financial system is crumbling this week.

Post by Leroy »

haltz wrote:I was talking to someone today and, according to this person, there was an hourly wage janitor job with benefits posted somewhere. 1,000 St. Louisans applied for it in the first 24 hours.
Could be this story...
MASSILON, Ohio - Evidence of the slumping economy is stacking up at an Ohio school which has nearly 700 applications for one open janitorial job.
Officials at Perry Local Schools near Canton in northeast Ohio say they've extended the deadline until Monday to accommodate the overwhelming response to the week-old posting.
The full-time position at Edison Junior High School pays $15 to $16 an hour plus benefits.
Superintendent John Richard says many applicants are laid-off workers with heart-wrenching stories about the tough economic times.
Forty-nine-year-old Donna Croston says she applied after losing jobs at two nearby factories that closed.
Croston says her chances of being hired amid the hundreds of applicants are slim, but she's hoping to get lucky.
___

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haltz
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Re: Our financial system is crumbling this week.

Post by haltz »

That's probably it. Here's another one:
Just Monday, the Miami Herald reported that more than a thousand applicants lined up for 35 firefighters jobs in that Florida city. In Arizona, the Glendale Police Department has said "no more" last month after being buried with a 400 percent jump in police department applicants since last year.

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Popeye_Card
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Re: Our financial system is crumbling this week.

Post by Popeye_Card »

Is the Army still recruiting?

Gashouse
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Re: Our financial system is crumbling this week.

Post by Gashouse »

Popeye_Card wrote:Is the Army still recruiting?
I think I heard a story on NPR that the army's recruiting quotas have actually been exceeded in recent months. I think the story said that some national guard units are still having trouble meeting quotas.

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Hungary Jack
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Re: Our financial system is crumbling this week.

Post by Hungary Jack »

Dow reaches a 12-year low on Monday March 9.

planet planet
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Re: Our financial system is crumbling this week.

Post by planet planet »

Leroy wrote:
haltz wrote:I was talking to someone today and, according to this person, there was an hourly wage janitor job with benefits posted somewhere. 1,000 St. Louisans applied for it in the first 24 hours.
Could be this story...
MASSILON, Ohio - Evidence of the slumping economy is stacking up at an Ohio school which has nearly 700 applications for one open janitorial job.
Officials at Perry Local Schools near Canton in northeast Ohio say they've extended the deadline until Monday to accommodate the overwhelming response to the week-old posting.
The full-time position at Edison Junior High School pays $15 to $16 an hour plus benefits.
Superintendent John Richard says many applicants are laid-off workers with heart-wrenching stories about the tough economic times.
Forty-nine-year-old Donna Croston says she applied after losing jobs at two nearby factories that closed.
Croston says her chances of being hired amid the hundreds of applicants are slim, but she's hoping to get lucky.
___
Hey, that's the rival high school where I grew up!

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Popeye_Card
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Re: Our financial system is crumbling this week.

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planet pujolsian wrote:
Hey, that's the rival high school where I grew up!
I'm guessing that they beat you in football nearly every time.

Arthur Dent
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Re: Our financial system is crumbling this week.

Post by Arthur Dent »

Hungary Jack wrote:Dow reaches a 12-year low on Monday March 9.
Adjust for inflation, and that's a 14-year low.

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