"Output up, but firms hold off on hiring" by Christopher S. Rugaber, Associated Press | February 5, 2010
WASHINGTON - Employers are managing to boost production without creating new jobs. The question is when they will feel the need to ramp up hiring.
Squeezing more output from their existing staffs allowed companies to boost productivity in the October-December quarter. And last week, the number of people filing new claims for jobless aid rose. The two Labor Department reports suggested yesterday that companies are still cutting costs and putting off hiring as the economy recovers.
And MOVING OFFSHORE!!
Many employers lack confidence that the recovery is sustainable, especially as government stimulus measures fade, economists said. Companies still feel bruised from the recession....
Then the WORKERS have been MAULED!!!!
Productivity rose by a seasonally adjusted 6.2 percent in the fourth quarter, above analysts’ expectations of 6 percent. That was the third straight quarter of sharp gains. It indicated that companies are squeezing more output out of their work forces.
Yup, the STOO-PID, S***-HEADED SLAVES of Amurka!!!
Making the COMPANY RICHER as HE GETS POORER!!!!
Productivity often increases at the end of recessions as companies ramp up output before hiring new workers. Rising productivity can raise living standards in the long run. But it can also make it easier for companies to put off adding jobs.
Translation: You are F***ED EITHER WAY, 'murkn!
The department said labor costs fell 4.4 percent, the third decline in the past four quarters.
Related: Wages, benefits rise 1.5% in 2009
So that is just ONE BIG F***ING GOVERNMENT LIE, huh?!!!!!!!!!!!!!!!!
Falling labor costs can boost company profits. Hourly compensation rose 1.5 percent, the department said. But labor costs fell because the rise in compensation was less than the productivity increase.
Yeah, WHATEVER, LIARS!!!!!!!!!!!
The department’s separate report on initial claims for jobless benefits said claims rose unexpectedly last week by 8,000 to 480,000. The rise in claims is the fourth in the past five weeks, disappointing economists who thought claims would resume a downward trend evident in the fall and early winter....
Related: U.S. May Lose 824,000 Jobs as Employment Data Revised
The U.S. may lose 824,000 jobs when the government releases its annual revision to employment data on Feb. 5, showing the labor market was in worse shape during the recession than known at the time.
"Actually, the government was lying to make things look better than they really are, in order to keep their jobs. And of they lied about the unemployment, they are probably lying about the recovery as well." -- Wake the Flock Up
YUP!!!!!
“It is starting to look as though the downward trend in claims . . . has stalled,’’ Ian Shepherdson, chief US economist at High Frequency Economics, wrote to clients.
Translation: the government can't cover the lying anymore.
The four-week average had fallen 32 percent from August until early last month. That raised hopes that the economy would start to generate net job gains soon. But the reversal of the trend could mean that ramped-up hiring is months away.
If then!!!
The Labor Department will issue its January employment report today. Economists project it will show a tiny gain of 5,000 jobs.....
PFFFFFFFFFFTTT!!!!
Most economists say claims need to fall to about 425,000 or below for a month to signal that employers are stepping up hiring.Yeah, hiring while people are still being put out of work?
WE NEED GAINS, s***-heads!!!!
--more--"
Watch: Gerald Celente on Coast to Coast AM "The Crash of 2010 is Coming"
Also related:
More than 8 million jobs lost since 2007, updated Labor data will show Friday
Job losses continue but rate falls The U.S. economy lost 20,000 jobs in January, but the unemployment rate fell to 9.7%, according to a government report released Friday.
I thought we were suppose to gain 5,000?
"Obviously, the two claims are in conflict. You cannot lose more jobs and have the unemployment figure drop unless there is a fudge to the figures." -- Wake the Flock Up
Economy takes toll on jobs The number of planned cuts announced in the month rose to the highest level in seven years, according to outplacement firm Challenger, Gray & Christmas Inc. And ADP's National Employment Report found that private-sector employers cut 522,000 positions.
TrimTabs’ Estimates 255,000 Jobs Lost in November, While BLS Reports a Decline of Only 11,000. BLS Revises September and October Results Down a Whopping 45%
"The government is lying again." -- Wake the Flock Up
When are they not?
Update: Jobless rate drops, Obama calls it 'cause for hope'
He makes me sicker than George W. Bush!
I thought we GOT RID of the LIARS when we he left.
The outlook for jobs became a bit less bleak with January's unexpected decline in the unemployment rate, which fell to 9.7 percent from 10 percent. Still, Friday's unemployment report showed just how deep the job crisis remains: 8.4 million jobs vanished in the Great Recession. Economists say the nation would be lucky to get back 1.5 million jobs this year. And they say it will take at least three to four years for the job market to return to anything like normal....
January's report did offer hope that employers may start adding jobs soon....
John Silvia, chief economist at Wells Fargo, said the drop in the unemployment rate wasn't a result of a shrinking labor force, which has held the rate down in previous months.
"It simply was, people found jobs," he said. The report is "consistent with continued improvement in the labor market."
(Blog editor is amazed at the level of bullshit)
But Paul Ashworth, an economist at Capital Economics, noted that the economy has been growing for six months, yet company payrolls are still shrinking.
"Based on what we've seen so far, we think it is fair to characterize this as another jobless recovery," Ashworth said....
Then it is NO RECOVERY at ALL!!!!!!
"And yet the official government report is that unemployment dropped to 9.7%. Someone is lying to you." -- Wake the Flock Up
Yeah, and we KNOW who it IS!!!!