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Ugly report on June unemployment figures, only 18k jobs added and unemployment up to 9.2%.

planet pujolsian wrote:Ugly report on June unemployment figures, only 18k jobs added and unemployment up to 9.2%.

fricken awful. Is this the new normal?

Our GDP keeps growing, but employment remains stagnant. Don't ya wonder where all that economic growth is going?

heyzeus wrote:Our GDP keeps growing, but employment remains stagnant. Don't ya wonder where all that economic growth is going?

Its good times to be in the "job Creator" category.

Freed Roger wrote:

planet pujolsian wrote:Ugly report on June unemployment figures, only 18k jobs added and unemployment up to 9.2%.

fricken awful. Is this the new normal?

Seems like our political leaders intend for us to accept it as such. Obama's statement here is pretty awful as has been his recent non-policy. Business is not investing due to uncertainty and lack of confidence about government negotiations? BS right wing talking points. Pathetic. This is not a guy worth supporting.

Arthur Dent wrote:

Freed Roger wrote:

planet pujolsian wrote:Ugly report on June unemployment figures, only 18k jobs added and unemployment up to 9.2%.

fricken awful. Is this the new normal?

Seems like our political leaders intend for us to accept it as such. Obama's statement here is pretty awful as has been his recent non-policy. Business is not investing due to uncertainty and lack of confidence about government negotiations? BS right wing talking points. Pathetic. This is not a guy worth supporting.

I don't really see a clear reason for it, and I don't know what he could actually do to combat it. And Boerhner's reasons aren't any better, of course.

"Today's report is more evidence that the misguided 'stimulus' spending binge, excessive regulations and an overwhelming national debt continue to hold back private-sector job creation in our country," said House Speaker John Boehner, R-Ohio.

I'm starting to think we're close to our new natural rate of unemployment. Corporate profits and productivity are great. Why hire?

Michael wrote:I'm starting to think we're close to our new natural rate of unemployment. Corporate profits and productivity are great. Why hire?

Well, that's a bummer outlook. Isn't the theory that productivity is reaching its max ceiling and companies will have to hire?

I look at how much they expect out of us and its insane. With the schedule they have for us, we are about 50% staffed to meet the deadline. I have no idea what will happen when we inevitably slip. I've told my manager for MONTHS we need two more engineers and at least two experienced test engineers to deliver on time and reliable code. And I could keep twice that many busy I am sure. Insane. My boss even said the company expects 50 hours a week out of us. Unbelievable.

planet pujolsian wrote:

Michael wrote:I'm starting to think we're close to our new natural rate of unemployment. Corporate profits and productivity are great. Why hire?

Well, that's a bummer outlook. Isn't the theory that productivity is reaching its max ceiling and companies will have to hire?

It is a bummer. Multinationals are going to hire where the real growth is (not here).

Look on the bright side, I really have no idea what I'm talking about.