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Watching the news last night and what do I here/see?? Wall Street is up due to jobs being filled... WHAT???
Here in NJ Hess is shutting down a refinery and laying off, Johnson & Johnson just layed off a lot of people. the water company a good bud works for is shutting a facility down and he will get bumped out of his position(Union shop)... Are you kidding me, the media is full of BS again, sick of this lying by the media and Wall Street.:mad:
it may be bad in your area, while other areas are slowly bet surely on the mend. the stock market is the bast it's been in 5 years.
And since when do we "reward" on failures?? Funny how stocks go up when a company shuts a facility down. IMO stocks should only go up on growth and not down sizing.
[QUOTE=waterdog101;507720]it may be bad in your area, while other areas are slowly bet surely on the mend. the stock market is the bast it's been in 5 years.[/QUOTE]
It is a jobless recovery.
JOBS are still down. Unemployment is still horrible, but companies all over have figured out how to do things more efficiently, DRAMATICALLY effecting the bottom line.
In some cases, those companies will NOT add a single worker, and will still be crazy effective.
Jobless recoveries are still recoveries, and I love the fact that the market is kicking butt, but unfortunately, it means jobs are still hard to come by.
Later,
Geo
Companies have learned how to maintain (or do more) with fewer people...and you are right - It is helping the bottom line. The problem is that business owners are afraid to invest those bottom line profits into expansion, because they are afraid that the government is going to find ways to take more of those profits away from them through taxes, Obamacare, etc. Right now, a lot of them are just sitting on cash...waiting for a rainy day to come when they will need it.
Uncertainty.
[QUOTE=MrSplitshot;507747]Companies have learned how to maintain (or do more) with fewer people...and you are right - It is helping the bottom line. The problem is that business owners are afraid to invest those bottom line profits into expansion, because they are afraid that the government is going to find ways to take more of those profits away from them through taxes, Obamacare, etc. Right now, a lot of them are just sitting on cash...waiting for a rainy day to come when they will need it.
Uncertainty.[/QUOTE]
So true....the commercial construction market (IMO) has picked up, especially in my area. Hospitals, banks and schools are the majority of our business. We have hired temp folks more than full time because of not knowing if this increase in construction will keep up. We as most, cannot find that comfort level with this administration. The healthcare bomb hasn't exploded yet so who knows what that will do??
I still maintain that any uptick in construction has been accomplished in spite of the administration not because of it.
My area superstorm Sandy put some to work, but its temporary at best.