SAN FRANCISCO (MarketWatch) -- Employers' hiring plans for the upcoming fourth quarter dropped to their lowest level in the history of Manpower's Employment Outlook Survey, which started in 1962.
A net -3% of employers said they'll hire in the fourth quarter, down from -2% in the third quarter, on a seasonally adjusted basis, according to the Milwaukee-based firm's survey of more than 28,000 employers. Before this year, the survey's previous low point was a net 1% hiring outlook for the third quarter of 1982.
A year ago, a seasonally adjusted net 9% of firms said they would hire in the fourth quarter. The Manpower survey measures the percentage of firms planning to hire minus those intending layoffs. Manpower doesn't measure the number of jobs. The survey's margin of error is +/- 0.49%.
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Ha ha ha ha....why do people worry about job outlook. who wants to bet that the next report will show better than expected results?
ReplyDeleteAnd who cares about uemployed people anyway? uemployment can reach 10% they just a minority.
I have computer technicians begging me for work everyday now. I do mean begging. As in desperate calls every hour for any work.
ReplyDeleteGreat guys, talented folks, but I just don't have the workload.
Really sad. Some of these guys were earning big salaries not long ago.
Anonymous said...
ReplyDeleteHa ha ha ha....why do people worry about job outlook. who wants to bet that the next report will show better than expected results?
And who cares about uemployed people anyway? uemployment can reach 10% they just a minority.
I hope that was sarcasm dumbass. Your economy is 70% consumers spending. The GLOBAL economy is 20% Americans spending. So the 10% unemployed not earning an income won't be spending much. Think of it this way 10% of consumer spending equates to $1 trillion dollars. Only 7 seven nations on this planet have a GDP that size.
This is the only thing I have to say about the economy in general, and just about the only thing I tell people I know.
ReplyDeleteLet's pool all the money that has been spent on government bailouts, cash for clunkers, how about the millions on campaign money for Obama...let's tally it all up and divide it by each American. Do you know how much that would be for each person in this country? (that question is not rhetorical by the way, I honestly don't know the exact numbers so I'm just gonna throw up a random amount). Do you what most Americans would do with $200,000, $300,000...whatever that figure comes out to? Pay off their mortgage, have living money for 5-10 years, buy a house, purchase supplies, keep themselves and their family off the streets, etc. etc...now wouldn't THAT be the smart thing to do? Wouldn't THAT help the economy better than anything else Obama has done?
I mean hey, if we're going to print fake money for bailouts, why not bail out AMERICA not the corporations.
Of course, that would never happen. But imagine if it did.
Anon 11:04 am
ReplyDeleteYou are not taking into account what inflation is. Expansion of the money supply chasing a restrained supply of goods/assets. All your scenario will cause is massive inflation. If everyone had that kind of money it would bid up the price of everything and you would be in the exact same situation. Even if someone was wise enough to use that money to pay off all their debt. Their cost of living would go through the roof. The banks are sitting on all the money right now to remain solvent and sufficating credit in the process. When they eventually loan that money out at interest we will see the hyperinflation everyone has spoken about.