My morning bowl, as served up by the Boston Globe.
"Economy starting to stabilize despite wider trade deficit" By Martin Crutsinger, Associated Press | May 13, 2009
WASHINGTON - Despite weak performances in three areas - trade, home sales, and job openings - the US economy appears closer to stabilizing, though at low levels, economists said.
--more--"Update: April retail sales fall, raising recovery doubts
Sigh.
"Pay drops for some new hires; Shrinking job pool gives employers a chance to cut costs on benefits, too" by Christopher S. Rugaber, Associated Press | May 13, 2009
WASHINGTON - With nearly 14 million Americans unemployed, a growing number of people are competing for a dwindling number of job openings, allowing some employers to drive down pay and benefits for new hires....
That was the whole point of the planned destruction by the well-schooled, highly-educated, economic geniuses. That slave society stuff rings truer all the time.
Employers are laying off workers and taking other steps to cut costs as they grapple with the recession, the longest since the Great Depression. Some companies also are reducing the pay and benefits for new employees, according to a new survey released by the Society for Human Resource Management.
Didn't you hear? It's over! Pffft! Oh, am I ever tired of the lies.
Nearly 15 percent of service-sector companies reduced pay and benefits for new hires in April compared with March, the survey found. Only 2 percent increased such compensation. The rest made no change in new-employee pay or did not hire.
Until this spring, far more service-industry employers - such as in retail, hotel, and financial services industries - had boosted rather than reduced pay for new workers, the group said. About 75 percent of Americans work in services. Jennifer Schramm, manager of workplace trends and forecasting for the society, said companies have concluded that layoffs and other cost-cutting measures have not gone far enough.
So when they tell you unemployment will keep rising, THAT is your ONE KERNEL of CORN TRUTH in your pile of MSM s***!!!
Employers are having an easier time offering lower pay as more unemployed workers chase fewer jobs.... Roughly five workers are competing, on average, for each opening, compared with less than two for each job about a year ago.
What a LIE THAT IS!!!! Oh, man!!!! NO WAY!!! NO fikkin WAY!!!!
--more--"
You know, it's sad, but YOU CAN'T BELIEVE HARDLY ANYTHING the NEWSPAPER SAYS ANYMORE!!
All HALF-TRUTHES, DISTORTED TRUTHS, COVER-UPS and LIES and IT'S SAD!!!!
