"Competition for jobs is toughest on record" by Associated Press | October 10, 2009
WASHINGTON - The number of job seekers competing for each opening has reached the highest point since the recession began, according to government data released yesterday.
But we are in recovery, blah, blah, blah.
And you know the ratio is WOEFULLY UNDERESTIMATED, right?
Related: 10,000 applications for 90 factory jobs
"For each opening, dozens of other people seemed willing to work for less money"
Also see: The Boston Sunday Globe Says Job Loss is a Good Thing
Sunday Globe Insults: An Economy of Hope
Sunday Insult Series: The AmeriKan Worker
From Recession to Depression
The Dollar is Done
The Last Job You Will Ever Have
Getting the picture, American? Hello?
The employment crisis is expected to worsen as companies stay reluctant to hire. Many economists expect a jobless recovery, putting pressure on President Obama and congressional Democrats to stimulate job creation.
Then it is NO RECOVERY AT ALL, as the "stimulus" fails! Hey, there is always the MILITARY, young person. What to do with us old folks, I guess that's what the vaccines are for: to put you to sleep permanently.
There are about 6.3 unemployed workers competing, on average, for each job opening, a Labor Department report shows.
Labor department said, huh?
Related:
"New Jobless Claims Fall to 521,000, Lowest Since January The Labor Department says first-time claims for unemployment insurance dropped last week to a seasonally adjusted 521,000, from the previous week's upwardly revised total of 554,000.
"Read that carefully. This week's totals are a drop because they revised last week's numbers UPWARD!" -- Wake the Flock Up
Also see: Labor Department Lies About Job LossesU.S. Economy Inflates But Does Not Inhale
Yeah, it is way more than what the U.S. government's Labor Department says, sigh.
That’s the most since the department began tracking job openings nine years ago, and up from only 1.7 workers when the recession began in December 2007.
Then why were we not told until October 2008, MSM?
The highest point after the 2001 recession was 2.8 workers per opening in July 2003, as the economy suffered through a jobless recovery.
Another one? Then it isn't a recovery.
Employers have cut a net total of 7.2 million jobs during the downturn. And the AMOUNT INCREASES EVERY MONTH!!
While layoffs are slowing, yesterday’s report shows the other critical piece of a labor market recovery - hiring - has yet to begin.
--more--"
Also see:
Slow Saturday Special: Patrick Knows
Boston Globe Knows About News Suppression
Here are some Sunday Globe Censors that the Globe ignored but which my local picked up:
"The Great Recession: The numbers tell the story
NEW YORK – .... Right after Labor Day, Fannie Mae, Freddie Mac, Lehman Brothers and AIG failed over 10 days. The credit markets froze, and investors panicked, fearing another Great Depression....
A financial 9/11 that book-ended Bush's presidency.
So where do we stand today? The seven-month rally since March has yet to wipe away all the losses, but few expected that the Dow would be edging back to 10,000 so soon. Unemployment is close to 10 percent, but other parts of the economy are stabilizing. Consumers are still hunkered down, but retail sales showed a slight gain in September. The panic of last fall has been replaced by the resignation that the worst is over but it might be years before the economy booms again.
Months I've been reading the Globe hearing about this glorious recovery we are already in and it turns out the Globe's big movement was s***.
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Yeah, btw, those are bad words for a "news" report.
"Failures of Small Banks Grow, Straining F.D.I.C.
While the parade of failures still represents a mere fraction of America’s small banks, it underscores a growing divide between them and large institutions like Goldman Sachs, JPMorgan Chase and U.S. Bancorp, which are slowly growing stronger as the economy improves.
Yup, economy is improving, sigh, shit shovel, sigh.
Now it turns out the Wall Street looters are doing great while the community guy around the corner that made small business loans, etc?
GONE!
Burdened by worsening commercial real estate loans, many small banks’ troubles are just beginning. Many analysts say that the now-toxic loans could sink hundreds of small lenders over the next few years and place a significant drag on the economy.
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I've kind of really had it with the mixed message lies of the MSM, folks.
This is such shit day after day, sorry. You wonder why I'm cursing, its... you know.
When you READ and SMELL SHIT like the BG (or in this case, not, but still Amurka's MSMS) you tend to say the word, as in "Oh, shit!"
And the next item I get from the BOSTON HERALD, Globe?
Maybe I'm buying the WRONG PAPER, huh?
"State budgets get adrenaline shot from Clunkers
WASHINGTON — Struggling states and towns got a dose of badly needed money this summer from a Cash for Clunkers program that poured hundreds of millions of dollars of tax revenue into their budgets.
Related: Globe Clunker Leaves Lot Missing Part
A Tale of Two Clunkers
Lying Looters Large and Small: Those Left Behind
Yeah, that was a car dealer that said that.
Now, like the auto industry, recession-ravaged governments are seeing revenue fall off as car buyers take a breather from the frenzied sales of July and August. That means less money for schools, roads, public safety and other projects that get much of their funding from sales tax collections.
Yup, poor, tax-looting governments. Governor Guts State Services
Pigs at the State Trough
A Slow Saturday Special: Statehouse Slush Fund
Biotech Giveaway Was Borrowed Money
Massachusetts Residents Taken For a Ride
UBS Picks Up Pike
Massachusetts Democrats Keep Making the Same Mistakes
Slow Saturday Special: Day at the Movies
The Hollywood Heist of Massachusetts
Why Massachusetts Needed to Raise Taxes
Seems like there is an AWFUL LOT of TAX LOOT OUT THERE.
And while officials welcomed the shot in the arm, the extra clunkers money won’t come close to filling the gaping holes in their budgets or do much to solve the worst revenue downturn in decades. "It is chump change," said David Zin, an economist with the Michigan state senate’s fiscal agency.
Then GIVE IT BACK if you don't want it because I'LL TAKE IT BACK!!
Damn states are like drug addicts!!!
I guess the only taxes worth wasting are YOURS, average citizen.
**************
Most governments suffered during the recession as people facing job losses, reduced pay, lost homes and general unease over the economy snapped their wallets shut.
Yup, THAT is ABOUT the SIZE of it!
Yup, it is YOUR FAULT that GOVERNMENT is SUFFERING, citizen!
Isn't "government" supposed to be SERVING YOU?
That LONE SENTENCE tells you ALL YOU NEED to KNOW about AmeriKa's agenda-pushing newspapers and their elitist insults.
And did you see that YOU ARE TO BE BLAMED, you damn cheap unemployed, foreclosed-upon, worker?!
Related: Consumers Cutting Debt Killed Recovery
Out-of-Work Americans Killed Economic Recovery
You have to LOVE the ATTITUDE, don't you?
That means big drops in sales tax, which makes up around half of many state budgets. Sales of cars and trucks, big-ticket items with high price tags, are a big component of sales tax collections. Cash for Clunkers held some promise — customers bought nearly 700,000 new vehicles during late July and August, taking advantage of rebates of up to $4,500 on new cars in return for trading in their older vehicles. The program ended up tripling the size of its original $1 billion price tag due to its broad popularity. For government budget offices, that represented some rare good news....
Pffft!
Have you been ABLE to PICK UP your NEW CLUNKER yet, or did you GET the REJECTION SLIP in the mail -- meaning you are now on the hook for the $4,500?
--MORE--"
At least Wells Fargo is helping you out:
"Wells Fargo raises credit card rates" by Bloomberg News | October 8, 2009
NEW YORK - Wells Fargo & Co. plans to raise interest rates on a majority of credit card customers by 3 percentage points before new rules limiting such increases take effect, a company executive said. “This is something we’ve been contemplating for quite a period of time,’’ Kevin Rhein, group head of card services, said yesterday....
Snip, snip, snip, America.
Instant plastic confetti.
Related: Banks Betray Obama
Wells Fargo, the eighth-biggest US card lender, accepted $25 billion from the federal bank bailout program....
Kind of like s***ting in your face, isn't it, America? They haven't payed any of that money back while they recorded billions in profit last quarter.
Hey, wait a minute....
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I always tell them I'm not interested in anything some bank has to sell me, thank you, click.
Update:
"Jump in crude oil prices helps lift stock market" by Sara Lepro, AP Business Writer | October 12, 2009
NEW YORK -- A weaker dollar drove oil and other commodities higher, giving energy, material and industrial stocks a lift....
A flurry of earnings reports, including ones from the nation's largest banks, will occupy the market's attention the rest of this week. JPMorgan Chase & Co. reports on Wednesday, followed by Goldman Sachs Group Inc., Citigroup Inc. and Bank of America Corp.....
Earnings season got off to a good start last week when aluminum maker Alcoa Inc. reported a surprise profit....
Hurting to post this.
The dollar mostly fell against other major currencies, helping to drive commodity prices higher. A weak dollar makes commodities more attractive to foreign investors....
You know, as if the DESTRUCTION of YOUR ECONOMY is a GOOD THING, American. You like how Zimbabwe is doing right now? Is that why it hasn't made the news in months, MSM?
Then one day we will wake up (like on 9/11) and the HEADLINES will be SCREAMING: DOLLAR DROPS to NEAR WORTHLESS LEVELS; CRISIS on Wall Street and in Washington -- as if it was all some great, big, unforeseen surprise, not a PLANNED THING that we KNOW has been PLANNED by these rotten globalists they for whom they shill.
Oil prices have risen about 11 percent over the past two weeks, despite evidence that energy supplies remain high.
Translation: YOUR MONEY is WORTH LESS, America!!!
In addition to the weak dollar, cooler than normal temperatures across the U.S. helped contribute to higher prices on Monday.
Yeah, and I SEE NO SUCH THING in my global-fart-misting, agenda-pushing, Boston Globe on the SNOW in the Midwest or the COLD HERE! Been BELOW AVERAGE ALL YEAR, and there seems to be NO CHANGE!!!
The dollar has fallen steadily over the past few months, as investors, more upbeat on the economy, take money out of traditional safe-haven assets and put it to work in stocks....
That does it; that's such a lie, I.... I.... pfft! \
Better-than-expected first-quarter results from banks set off the stock market's rally seven months ago, and even stronger second-quarter results helped fortify the rally in July....
So the BANKS are DOING GREAT!!
Can I HAVE MY TAX MONEY BACK PLEASE!!!!!!??????
Analysts say companies' earnings reports will determine where the market heads next. If results exceed expectations and show companies are making money through sales and not just cost cutting, stocks could continue their push higher.
Yup, they are BACK TO THEIR SAME OLD TRICKS and ONLY YOU GOT SOAKED, taxpayers -- and you WILL AGAIN REAL SOON, all of you, America!
The U.S. of A. under the man of change, Barack Obama, is going to have to START ANOTHER WAR SOON so the MSM can DISTRACT YOU from the DESTRUCTION of YOUR ECONOMY and truly, America, your WAY of LIFE as you hand I have known it!
Still....
--more--"
Yeah, it's ALL a GOOD THING unless you are a STRUGGLING AMERICAN!
I hope the PAPER SHUTS DOWN, readers.
