Friday, January 29, 2010

The Engine of Economic Destruction in Massachusetts

"Companies and jobs are constantly being created and destroyed in the state’s dynamic economy.... The key to overall employment growth is creating more jobs than are destroyed"

No sensitivity there, huh?

: Massachusetts' Lost Decade of Jobs

Yeah, that's failure.

Put a happy face on it, will ya, s***-slinger?

"Home-grown firms key to growth, study says; Conservative group cites stagnation" by Robert Gavin, Globe Staff | January 29, 2010

Between 1990 and 2002, each new firm created an average of seven jobs, according to the study. Over the past few years, the average has slipped to fewer than four jobs....

Yeah, I'm about done wasting time of business bulls***.

In any given year, according to the study, company relocations generated just a fraction of the number of jobs created by start-ups. Companies and jobs are constantly being created and destroyed in the state’s dynamic economy, the study said. The key to overall employment growth is creating more jobs than are destroyed, it said.

But the number of jobs created by new Massachusetts companies has not kept up with those lost when older ones shut down, according to the study. As a result, employment in the state fell by nearly a half percent from 1990 to 2007, even as employment grew by nearly 27 percent nationwide. “We’re kind of flat-lined,’’ said John Friar, a Northeastern University professor and study author. “We haven’t done a very good job of generating jobs in a long time.’’
Ah, I can't really type out an accurate description of the -- I can't even describe the feeling -- of sadness, resignation, whatever, that my NEWSPAPER is NOTHING but a HUNK of AGENDA-PUSHING SHIT!


Rolling downhill (which really accounts for the self-destruction of their industry):

"Despite economy, tutoring service thrives

Even as the US unemployment rate hovers near 10 percent, some say Chyten’s expansion plans offer hope for entrepreneurs. The money is well spent. “I’d rather send her here than go on a vacation,’’ DaDalt said.

I'm sure that goes over real well at home, huh, kiddo?

And I LOVE the DESPITE, BUTS, IFS, and ALL THE OTHER BAD WORDS my college instructor told me NEVER to put into a report!

Related: Disappointing tech news sends stocks lower

What, ones of our engines is down?

"Jobless claims, durable goods orders indicate weak growth" by Christopher S. Rugaber and Martin Crutsinger, Associated Press | January 29, 2010

WASHINGTON - Evidence that the economic rebound remains sluggish emerged from reports yesterday on new unemployment claims and US factory orders....

Two weeks ago, claims surged by 34,000 due to administrative backlogs left from the holidays in the state agencies that process the claims, a Labor Department analyst said. Those delays could still be affecting the data, the analyst said.


That means the current figures could be artificially inflated.


At the same time, it would also mean that the steep drop in claims in late December and early January was exaggerated by the backlogs....


The decline highlighted the battering that US manufacturers suffered during the recession, despite signs that manufacturing is recovering gradually.

Related: Boston Globe Job Market

An Optimistic Economy

I'm sick of the bull.

The report did contain some encouraging news....

There they go again.


And let's leave with ample supply:

SAN FRANCISCO - Inc.’s fourth-quarter earnings skyrocketed 71 percent, as shoppers spent more than ever during the holiday season....

It was like a 25-PERCENT DROP from TWO YEARS AGO and the MSM is claiming this crap?

Revenue from books, CDs, DVDs, and other media climbed 29 percent, to $4.68 billion. Electronics and other general merchandise revenue rose nearly 60 percent, to $4.61 billion. Revenue increased 37 percent in North America and nearly 49 percent elsewhere.

They must have been the only ones, because nothing like that happened around here.


Related: Going Shopping for the Final Time

Holiday Sales Report

Yeah, whatever, newspaper, whatever.