You wouldn't want to focus on more than that because it might really generate anger amongst the masses.
"Despite flat hiring, many corporations are recording record profits. A recent study by Northeastern University’s Center for Labor Market Studies found corporate profits have surged 40 percent since mid-2009, the end of the recession, while workers’ wages have remained mostly flat"
And it is just going to get better for corporations:
"While the U.S. economy staggers through one of its slowest recoveries since the Great Depression, American companies are poised to report strong earnings for the second quarter—exposing a dichotomy between corporate performance and the overall health of the economy."
Yeah, turns out only the rich recovered.
"Jarring slowdown in hiring raises concern; Data may not mean worsening conditions" July 09, 2011|By Megan Woolhouse, Globe Staff
Hiring ground to a halt last month, and the nation’s unemployment rate rose to its highest level this year, adding to the deep uncertainty about the pace of the nation’s economic recovery.
US employers added a meager 18,000 jobs, far fewer than economists predicted, while the nation’s unemployment rate rose to 9.2 percent in June from 9.1 percent in May.
The grim numbers surprised many analysts who had projected slow but improving job growth in June....
I'm sick of the newspaper turning to the same wrong experts so whack!
Massachusetts weathered the last recession better than the nation as a whole and has recovered faster....
Related: Boston Globe Giving You the Business
What do you do when the paper just keeps lying to you, and can't help but know they are lying to.... what? Shovel another s***pile of agenda-pushing lies totally divorced from reality? Another scripted fantasy for yer consumption?
Across the country, nervous consumers aren’t buying and reluctant employers aren’t hiring, analysts said.
No kidding?
Uncertainty and fear about the direction of the economy - and the stagnation of the housing market - have made both consumers and employers “extraordinarily nervous,’’ according to Mark Zandi, chief economist at Moody’s Analytics, a forecasting firm in West Chester, Pa.
Zandi said the June numbers likely reflect a temporary setback, one that will abate as oil prices fall and Japan recovers from disaster.
Yeah, the radiation pits at Fukushima have totally disappeared from the news pages. And as we have seen with the oil spills in this country, same thing. I guess that's why I am really tiring of the BS script sent forth as a newspaper every day.
If you add the omissions, distortions, obfuscations, and downright ignorance to the divisive, agenda-pushing, war-promoting supremacism of propaganda that passes as a newspaper you can pretty quickly see why.
He also said government layoffs are probably at their apex because state and local governments have already enacted budget cuts.
With more cuts for years to come we are told.
“The job market is weak, probably weaker than I thought, but it’s not this weak,’’ Zandi said. “We’re shellshocked and if anything goes off-script, the economic impact is magnified. It causes people to freeze.’’
Tired of the double-talk.
*************************
Despite flat hiring, many corporations are recording record profits. A recent study by Northeastern University’s Center for Labor Market Studies found corporate profits have surged 40 percent since mid-2009, the end of the recession, while workers’ wages have remained mostly flat.
None of that is comforting to Laurie Dwight-Beliveau, who was laid off from her job as a financial analyst at a Springfield hospital in 2009. The 49-year-old mother of two has been a finalist for several positions without landing a job. She likened the experience to being trapped in a “big, black hole.’’
That's where all the tax money went, America!
At the bottom is Wall Street and wars! Worth it?
“As bad as it is, as demeaning and confidence shaking and unnerving and unsettling for my whole family, I feel really bad for the people who are left doing their job plus my [old] job,’’ Dwight-Beliveau said. “They’re always worried about getting that tap on the shoulder and the walk to the conference room to get told they’re next.’’
At least they have one!
Lady, if you don't care about your life why should I?
Where does the Globe find these people? I'm starting to wonder if they are even real.
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