Today, we have some "magic" from our esteemed government. With New Jersey, Georgia and Washington states all reporting highest unemployment levels in years, with a growing number of prime (not to mention sub-prime) mortgages going into re-posession, with U.S. stocks falling >again< on the back of FedEx reported (and expected) losses, with Congress disallowing an increase in unemployment benefit times for those in need - what do we get? We have Forbes announcing a survey of major CEO's indicating over 60% expecting a decrease or no change in spending (hint-no new jobs) with only 33% expecting any growth. Put that with the fact that these are the players from major multi-national corporations and you have an overall picture of bleakness. If companies on the whole are not expanding world-wide, then what's this going to do for job creation in the U.S??
A new UCLA Andersen Forecast report continues to tout it's own "no recession" theme, yet in the same report expects U.S. GDP to be at 1.7% - "very tepid" until the end of '09 - AND states that the mortgage meltdown is likely to continue unabated. One wonders what it needs to see to have a bad forecast - and who's this report for?? Oh yeah, the government....
thats all for now!
Later!!
Wednesday, June 18, 2008
Saturday, June 14, 2008
What's going on now?(5)
Well, it's not been that busy a week, yet it seems that most of your Trusted National News-Sources are finally getting the word out about the state of the economy - reporting items that WE spoke of 3/5 days ago. Bloomberg, Reuters Et Al only now starting to put articles around on the linkage between oil-economy-employment, so it begs the question - what else do these international companies we depend on for news NOT report on, in a timely fashion? Its almost shameful that popular trust is so mis-placed.
Anyhoo - today (well, yesterday) Bloomberg was reporting that unemployment and oil prices would slow the U.S. recovery - I have to ask, WHAT recovery? We haven't even seen the peak of this imminent depression and they're talking of a recovery!!!
Seriously!
Isn't it time someone got a grip on this - and realised that only when all issue's are fully addressed, repaired and/or taken care of, that a consistent recovery will be viable? Folks may well think that as simple a thing as a change of prez (in the U.S) will automatically give the country the impetus it needs to garner growth - but that's not likely. Realistically, this problem need's a "top down" approach.
And thats not likely to happen until someone decide's to cure all the problems - not simply give a half-assed makeover to them.
Later!!
Anyhoo - today (well, yesterday) Bloomberg was reporting that unemployment and oil prices would slow the U.S. recovery - I have to ask, WHAT recovery? We haven't even seen the peak of this imminent depression and they're talking of a recovery!!!
Seriously!
Isn't it time someone got a grip on this - and realised that only when all issue's are fully addressed, repaired and/or taken care of, that a consistent recovery will be viable? Folks may well think that as simple a thing as a change of prez (in the U.S) will automatically give the country the impetus it needs to garner growth - but that's not likely. Realistically, this problem need's a "top down" approach.
And thats not likely to happen until someone decide's to cure all the problems - not simply give a half-assed makeover to them.
Later!!
Thursday, June 12, 2008
Whats happening today (4)
Manpower Inc reports through Reuters today that its expectations for third quarter jobs' is going to be weaker than already forecast. Weakest area's are expected to be construction, real estate, finance and insurance. Couple these with the industries that are supported by them (sales, lumber, home furnishings and appliances etc.) and your looking at a real different outlook to that posited by the government. Manpower states that it's seasonally adjusted outlook has dropped to 12, down from 14 last quarter, and 18 this time last year. All told, it states that its the weakest job outlook since 1991 in the mentioned sections. Weakest areas are to be Northeast, West and South, with slightly better outlook for the Midwest. That, however, doesn't take into account any further changes that will be drawn onto markets after gas pricing continues to rise.
More later!!!
More later!!!
Wednesday, June 11, 2008
Whats Happening Today (3)
So far today, news tells us that Canadiens are now beginning to worry that the slump in the U.S. economy is starting to worry their government, with the U.S. rate past 5.5% (we reported this Friday - yet a majority of sources only started citing this figure yesterday - hmm) although Canadien worries are a LOT less that in the U.S., with an expected job creation plus in the region.
U.S. sources state that Franklin Electronic Publishers laid off 10% of all jobs in the U.S. already, due to poor stock performance.
This point is worth noting, in that if all companies that have bad stock performances bolster their cost per share revenue with job cuts, come next month we WILL see a continued drop in employment across the board as gas/food price hikes impinge on casual spending, on which a majority of companies depend for their profits. Companies that currently look strong and robust will see a deficit from lack of purchasing, while a majority of credit companies will see a slight drop in debts due to pay off's from this wunderbar "economic stimulus" package. All of which are incredibly short term, short payoff programs and just don't have the "legs" to help for any long term solution.
In California, worries increase that due to water conservation, more and more farmland is being left fallow (unused) which, coupled with the increase in energy prices, and which, in turn is increasing the price of foods nationwide (of which Cali has in excess of 10% of the nations's farms selling more than $300k per year) the numbers of farm workersunemployed here is set to explode.
Another aspect of the employment process we're in right now is a lack of jobs available as summer jobs for school/college kids. Not a dramatic problem, but be prepared for a slew of kids in every neighbourhood, and for higher college costs to parents because of this lack of summer positions (no summer jobs = no savings = Dad, I need cash)
Abroad, we're seeing things where some Asian stocks are dropping due to U.S. economic woes, with places like Japan showing stronger government-backed bond sales due to the U.S. economy, even though their share markets continue to drop due to the massive tie-in with U.S. markets.
Further info - American companies hiring Illegal immigrants.
A new report in the American Chronicle cites U.S. Bureau of Labor Statistics as putting at $29,000 p.a. as the average pay some illegals (primarily Mexicans) hired as scallop fishermen by a Newport News company earned (with insiders stating that this was on the loow end of possible earnings). This company however has systematically being doing this for over 6 years, with an accompanying profit increase due to NOT paying taxes on salaries, providing benefits etc etc. to the tune of approx. $6 million. Now this may seem an extreme and isolated case (employed figures top at 126 total illegal employees) however, if this was only one company nationwide doing this, that would be something - as it is, I could probably go to any town, in any county in any state in the U.S. and find a factory, or assembly shop, or chain of restaurants or - you name it - thats got illegals employed there. If an average salary for an illegal was $25,000 p.a., is there any town in the U.S. that DOESN'T currently have an average U.S. citizen willing to be employed at that rate?? Couple that with the trend of most illegals sending the lions' share of earnings overseas (you have never heard of Western Union losing money, have you?) approx. 50% per head, and you can soon relate the 3 areas together - economy, illegals and job losses.
Although I'm not political in any way, it strikes me that the main underlying cause of much of today's economic woes for the U.S. is tied to these issues, and that whatever political party (is that an oxymoron?) gets in in November, without addressing these fundamentals the economy will only continue to falter, then stop, then explode - in a negative fashion.
But, when all's said and done, America has only itself to blame for allowing this to happen, over the previous 5/6 boom years.
As always, we'll be updating this as more news-worthy items come to our attention.
Feel free to comment!!!!
Please do use our Job Site Links on sidebar to help find work in your area, or field of expertise.
U.S. sources state that Franklin Electronic Publishers laid off 10% of all jobs in the U.S. already, due to poor stock performance.
This point is worth noting, in that if all companies that have bad stock performances bolster their cost per share revenue with job cuts, come next month we WILL see a continued drop in employment across the board as gas/food price hikes impinge on casual spending, on which a majority of companies depend for their profits. Companies that currently look strong and robust will see a deficit from lack of purchasing, while a majority of credit companies will see a slight drop in debts due to pay off's from this wunderbar "economic stimulus" package. All of which are incredibly short term, short payoff programs and just don't have the "legs" to help for any long term solution.
In California, worries increase that due to water conservation, more and more farmland is being left fallow (unused) which, coupled with the increase in energy prices, and which, in turn is increasing the price of foods nationwide (of which Cali has in excess of 10% of the nations's farms selling more than $300k per year) the numbers of farm workersunemployed here is set to explode.
Another aspect of the employment process we're in right now is a lack of jobs available as summer jobs for school/college kids. Not a dramatic problem, but be prepared for a slew of kids in every neighbourhood, and for higher college costs to parents because of this lack of summer positions (no summer jobs = no savings = Dad, I need cash)
Abroad, we're seeing things where some Asian stocks are dropping due to U.S. economic woes, with places like Japan showing stronger government-backed bond sales due to the U.S. economy, even though their share markets continue to drop due to the massive tie-in with U.S. markets.
Further info - American companies hiring Illegal immigrants.
A new report in the American Chronicle cites U.S. Bureau of Labor Statistics as putting at $29,000 p.a. as the average pay some illegals (primarily Mexicans) hired as scallop fishermen by a Newport News company earned (with insiders stating that this was on the loow end of possible earnings). This company however has systematically being doing this for over 6 years, with an accompanying profit increase due to NOT paying taxes on salaries, providing benefits etc etc. to the tune of approx. $6 million. Now this may seem an extreme and isolated case (employed figures top at 126 total illegal employees) however, if this was only one company nationwide doing this, that would be something - as it is, I could probably go to any town, in any county in any state in the U.S. and find a factory, or assembly shop, or chain of restaurants or - you name it - thats got illegals employed there. If an average salary for an illegal was $25,000 p.a., is there any town in the U.S. that DOESN'T currently have an average U.S. citizen willing to be employed at that rate?? Couple that with the trend of most illegals sending the lions' share of earnings overseas (you have never heard of Western Union losing money, have you?) approx. 50% per head, and you can soon relate the 3 areas together - economy, illegals and job losses.
Although I'm not political in any way, it strikes me that the main underlying cause of much of today's economic woes for the U.S. is tied to these issues, and that whatever political party (is that an oxymoron?) gets in in November, without addressing these fundamentals the economy will only continue to falter, then stop, then explode - in a negative fashion.
But, when all's said and done, America has only itself to blame for allowing this to happen, over the previous 5/6 boom years.
As always, we'll be updating this as more news-worthy items come to our attention.
Feel free to comment!!!!
Please do use our Job Site Links on sidebar to help find work in your area, or field of expertise.
Friday, June 6, 2008
So What's going On right Now?? (2)
Today , Marketwatch is reporting that U.S. unemployment has gained it's most since 1986, with a
5.1% increase, with over 8.5 million now unemployed in the U.S. . That's over 300,000 jobs lost this year alone!! Quite remarkable really, when you think of the economic stimulus package G.W. Bush is allegedly providing - and, if you haven't heard, if you owe any back taxes at all your state is likely to take this "bonus" from you whether you like it or not; $4.1 mill collected in GA alone - that will probably in no way make an impact on any retail trade, as more people are likely to use this to pay bills/credit cards than a vain shopping spree.
All in all, this is the biggest drop in employment since 1975. Looking closely, you'll see a lot of other trends similar to the 70's too - bad TV, crazy-ass haircuts (WHY do so many chefs insist on faux-hawks a la Richard Blaise?) and a deepening oil crisis that NO amount of non-fossil fuel production will curtail. Speaking on this, oil has topped $130 a barrel soo, the end is not in sight just yet.
More later!!!!
5.1% increase, with over 8.5 million now unemployed in the U.S. . That's over 300,000 jobs lost this year alone!! Quite remarkable really, when you think of the economic stimulus package G.W. Bush is allegedly providing - and, if you haven't heard, if you owe any back taxes at all your state is likely to take this "bonus" from you whether you like it or not; $4.1 mill collected in GA alone - that will probably in no way make an impact on any retail trade, as more people are likely to use this to pay bills/credit cards than a vain shopping spree.
All in all, this is the biggest drop in employment since 1975. Looking closely, you'll see a lot of other trends similar to the 70's too - bad TV, crazy-ass haircuts (WHY do so many chefs insist on faux-hawks a la Richard Blaise?) and a deepening oil crisis that NO amount of non-fossil fuel production will curtail. Speaking on this, oil has topped $130 a barrel soo, the end is not in sight just yet.
More later!!!!
Thursday, June 5, 2008
How DO I Find Work?
Well, there's lots of ways to look at this.
Here's a couple of things I've found from using the web to look for work.
1) Web Boards- Most if not all job site's out there have only one thing on THEIR minds - how to get employers to part with their advertising dollars to make those sites some money. Or how to get advertising dollars from Google, Yahoo etc. with click-thru Adsense revenue. So heavens forbid that these sites actually make things easy for the job searcher as all they really want is... money. Thankfully they're not after the job seeker's money, but bear in mind money is what they want. Admittedly, these ARE usually the most posted on sites for localised companies, but you will find on almost all a plethora of crazy-ass work at home/type for cash type things so beware! Those posts aren't for everyone, and will usually cause you to become one of those job site posters for Work at home/Type for Dollars posters for you to make any cash at all -
2) Aggregate sites - these have become increasingly prevalent over the past year or so, where one destination will have jobs from other boards (not necessarily ALL other boards) posted/linked into their site. This can be a great benefit to the job seeker, allowing you to search one board for your specific area/speciality without having to surf many sites. However, I have noticed that these agg sites seem to only use certain board feeds. Some don't have others, others have ones I've never heard of. All in all, a quick search through 3/4 of these sites such as Indeed will give you a good selection of postings for your desired area/speciality.
3)Specific job type sites - this is a totally different type of site that caters to specialist industries such as jobs for coders, jobs in the wine industry, jobs in - well, just about anything you can think of, there's a site out there for it!! Sites like this are really great for narrowing job searches, but that in itself IS a drawback - your only searching for those types of jobs!!
So, I'll leave it at that for today on this subject, again - look for updates regularly in the future.
Here's a couple of things I've found from using the web to look for work.
1) Web Boards- Most if not all job site's out there have only one thing on THEIR minds - how to get employers to part with their advertising dollars to make those sites some money. Or how to get advertising dollars from Google, Yahoo etc. with click-thru Adsense revenue. So heavens forbid that these sites actually make things easy for the job searcher as all they really want is... money. Thankfully they're not after the job seeker's money, but bear in mind money is what they want. Admittedly, these ARE usually the most posted on sites for localised companies, but you will find on almost all a plethora of crazy-ass work at home/type for cash type things so beware! Those posts aren't for everyone, and will usually cause you to become one of those job site posters for Work at home/Type for Dollars posters for you to make any cash at all -
2) Aggregate sites - these have become increasingly prevalent over the past year or so, where one destination will have jobs from other boards (not necessarily ALL other boards) posted/linked into their site. This can be a great benefit to the job seeker, allowing you to search one board for your specific area/speciality without having to surf many sites. However, I have noticed that these agg sites seem to only use certain board feeds. Some don't have others, others have ones I've never heard of. All in all, a quick search through 3/4 of these sites such as Indeed will give you a good selection of postings for your desired area/speciality.
3)Specific job type sites - this is a totally different type of site that caters to specialist industries such as jobs for coders, jobs in the wine industry, jobs in - well, just about anything you can think of, there's a site out there for it!! Sites like this are really great for narrowing job searches, but that in itself IS a drawback - your only searching for those types of jobs!!
So, I'll leave it at that for today on this subject, again - look for updates regularly in the future.
So, Whats going on right now??
Hi All -
This is a new blog, and I'm guessing that there's a lot of people out there in a similar position to myself (check Profile) so I wont go into that here.
I'll Update this section regularly with current news on this front -it does seem like a war right now-and maybe it'll be of interest to you out there.
Yesterday seems like the day of gloom for the transport industry - Ford announces thousands in lay-offs at the 4 plants they're closing, Delta says it's merging with Northwest (merging= layoff's) and of course American and Continental has started cutting flights, getting rid of planes and laying off staff. (FYI - airlines in the U.S. have ALREADY cut about 22,000 jobs so far in 2008) You got to wonder how this can be supported with all the hoopla about travel being one of the "biggest growth industries" out there right now! If I was to believe it, the only home business you need right now is a travel business - but who's buying these travel packages? I don't know ANYONE who's done that simply because right now you can find a wealth of cheap flights/hotel's etc. if you look hard enough.
Today, so far, not really being too much on the work front to worry over - just more of the same.
NY Times reporting that current construction woe's are hitting latino's hardest; ADP accounting firm reporting that job's created rose in the past month, however, they always do say that!!
Current trends show that job's lost are about 46% higher on a year-by-year basis (Forbes) - so be afraid, be VERY afraid!!
That's all for now - let me know what you think!!
This is a new blog, and I'm guessing that there's a lot of people out there in a similar position to myself (check Profile) so I wont go into that here.
I'll Update this section regularly with current news on this front -it does seem like a war right now-and maybe it'll be of interest to you out there.
Yesterday seems like the day of gloom for the transport industry - Ford announces thousands in lay-offs at the 4 plants they're closing, Delta says it's merging with Northwest (merging= layoff's) and of course American and Continental has started cutting flights, getting rid of planes and laying off staff. (FYI - airlines in the U.S. have ALREADY cut about 22,000 jobs so far in 2008) You got to wonder how this can be supported with all the hoopla about travel being one of the "biggest growth industries" out there right now! If I was to believe it, the only home business you need right now is a travel business - but who's buying these travel packages? I don't know ANYONE who's done that simply because right now you can find a wealth of cheap flights/hotel's etc. if you look hard enough.
Today, so far, not really being too much on the work front to worry over - just more of the same.
NY Times reporting that current construction woe's are hitting latino's hardest; ADP accounting firm reporting that job's created rose in the past month, however, they always do say that!!
Current trends show that job's lost are about 46% higher on a year-by-year basis (Forbes) - so be afraid, be VERY afraid!!
That's all for now - let me know what you think!!
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