Velo Vol
Internets Expert
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Just picking a recent time frame.
Obviously new things come along, but the problem I see is that most of them don't require as many workers as what we've been losing.
Inside the numbers of the last report:
* 431,000 jobs were added
* 35,000 construction jobs were lost
* 29,000 manufacturing jobs were added
* 37,000 service providing jobs were added
* 6,000 retail trade jobs were lost
* 22,000 professional and business services jobs were added
* 17,000 education and health services jobs were added
* 2,000 leisure and hospitality jobs were added
* 390,000 government jobs were added
We're still losing net auto jobs.
Some. Have you noticed that the major auto jobs being lost are in the north (unions) and are being gained in the south (non-union)?
Overall, I'm not really sure what the numbers are for outsourcing and insourcing of jobs. I have a feeling the difference is not even close to what you would expect or the unemployment numbers would not have been so low for so long.
without liquidity, the private sector, especially on the small and midsized end, there will be no new hiring.Duration of Unemployment May 2010
Not pretty. But I'm sure the market will fix itself any day now.
Bring back Hooverism!
Duration of Unemployment May 2010
Not pretty. But I'm sure the market will fix itself any day now.
Bring back Hooverism!