US economy sheds 20,000 jobs in January
Through the magic of a large number of Americans giving up on finding a job and removing themselves from the official calculations, the unemployment rate in the United States dropped by three-tenths of a per cent to 9.7 per cent, even as the economy shed 20,000 jobs in January. This employment level is what the US Department of …
I do some due diligence and check first to see if tech is leading the IT company or not, before any purchase is made. If Tech is not leading that company I don't buy from them.
There is no way I am subsidising any other sector apart from Tech when it comes to IT purchases, I am not paying for bean counters, managers or marketing droids, I just want good equipment and software.
More fast food joints needed dammit, eat more burgers to save the economy.
What I think is funny is how American media tip toes around the issue of unemployment in the US and the effects of offshore outsourcing and visa workers.
According to the US State Department foreign visas accounted for 5.5 MM jobs and outsourcing is estimated to account for another 1.5 MM jobs in 2010.
If the Obama administration was serious about job creating they could easily pick up 4 MM US jobs but curtailing outsourcing and visas like most of the rest seems to be able to do.
we needed more help getting people to hate us. Yes, let's kick 5.5M visa seekers in the teeth and stop outsourcing so another 7.0MM people in other countries will be without jobs and perhaps even more inside the US as business cuts back because its costs have gone up. This is politician like thinking that nearly always gets things backward. Protectionism doesn't work. It didn't work by taxing imported trucks 25% and thereby causing domestic makers to turn their marketing dollars toward gas sucking trucks with built in profit margins instead of more sustainable smaller cars the marketeers tried to tarnish as "unsafe". It won't work by making more global residents desperate and susceptible to the siren song of a well funded radical who claims suicide is the only salvation if you can take enough of those damn USians with you.
Big picture people, focus on the big picture.
@Eduard Coli Please assume I'm not a hater or racist as the context for my following remarks. The Indians I have worked with stateside, work stateside so they can be treated like humans in terms of wage and conditions. A couple of my Indian coworkers stateside have the same apprehension about loss of job to outsource farms where, like testing groups, projects tend to go sideways, and under a third wave of reorganization the hairball is tossed back into our laps. Of course, legions of workers in any country should be wary of crafty automation.
Unfortunately, the monthly accounting is... well, bogus. Reality check required.
From http://finance.yahoo.com/news/Recessions-job-losses-likely-cnnm-1998556151.html?x=0
"The payroll number is created through a monthly survey of employers, but that survey misses employers who start a business during the course of the year, as well as those who have gone out of business."
So if there is no longer an employer to survey, they don't count, or rather, don't get counted. In the bizzaro world of BLS it's, "hey, that employer doesn't exist anymore, good thing they disappeared, they might have laid off their last 50,000 employees." Add in all the intentional number skewing that started back in the '60s and 10% becomes something almost mythically diminutive.
About all HP management knows how to do.
Oracle has issued the layoff letters. Sad that they wear "we are hiring" buttons and say they are going to be hiring and paying top dollar for sales people but I just got laid off. My last day at Sun/Oracle is on a Saturday. Why a Saturday....so I they can save on unemployment benefits.
I was 150% of attainment so far this fiscal year....I guess they did not want to pay me what I was about to earn. Not sure if I could have kept that up anyways since they just canceled half of the products and the majority of the ones my customer was buying. The build to order model will be a disaster with over a month lead time for manufacturing. As it was the Sun order system could not get products to customers quick enough.
