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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: ChinuSFO who wrote (81377)	8/20/2010 3:20:04 PM
From: tejek	Read Replies (1) \| Respond to of 149317

These figures appear strange to me in that if you look at a specific state, they talk about jobs being created along with state unemployment figure increase. That's very plausible. When there are no jobs, people get discouraged and drop out of the labor force. When jobs start opening up, they come back in....causing the unemployment rate to go up. what I would be interested to see is the NCH numbers. If the NCH numbers are significantly high, then this country is undergoing a big change in the industrial picture. What is NCH? The jobs in the traditional sectors like, machine shop, textiles etc. are going overseas and are being superseded by state-of-the-art cutting edge sectors such as green tech and the specialized services industry. I don't think there is ant dramatic changes happening. I think this is more political.......Obama has come up with an agenda industry doesn't like.....so hiring is beyond late this recovery cycle. They are holding back hiring and working their current staffs harder. Its worked up til now but in recent reports, productivity has begun to slip......the overworked staff isn't doing as well. So they will be forced to start hiring. I suspect there is pent up demand when it comes to hiring. Chinu, don't underestimate what's going on in this country. There is a culture war.......and there are diverse participants on each side. And by diverse, I don't necessarily mean ethnicity. I expect this war to get much uglier before it gets better.

To: ChinuSFO who wrote (81377)	8/20/2010 5:51:33 PM
From: tejek	Read Replies (1) \| Respond to of 149317

Going back to the those unemployment numbers, what's been a major drag is CA. Job growth in the state has been anemic. And in the past, CA has been a major job growth engine for the country.

To: ChinuSFO who wrote (81377)	8/21/2010 1:00:03 PM
From: Broken_Clock	Read Replies (1) \| Respond to of 149317

CEO: No need to invest right now by CalculatedRisk on 8/21/2010 12:49:00 PM "I could borrow $2 billion tomorrow for 3 1/2 percent. But what am I going to do with it?" David Speer, CEO of Illinois Tool Works which has 60,000 employees worldwide in more than 800 business units and $14 billion in sales. The above quote is from an article by Neil Irwin in the WaPo: With consumers slow to spend, businesses are slow to hire There is no reason to invest when there is excess capacity in most industries (and excess supply in housing). This excess capacity or lack of demand - and therefore lack of new investment - is a key reason why the recovery is sluggish. calculatedriskblog.com