Thanks again for the Christmas cheer, its helping a lot. If you can put a few bucks in my stocking at the Paypal link, I’d appreciate it!
The latest job numbers spell an ominous sign for employers who’ve grown fat and lazy over the Great Recession. If it holds up, corporations that have been in the driver’s seat for years are going to have trouble adjusting back to low unemployment.
NYT — The numbers are these: The 321,000 payroll jobs added represent the best monthly result since January 2012. Revisions to September and October counts add a net 44,000 positions, boosting those months’ results from “solid” to “pretty good.” Over the last three months the nation has added an average of 278,000 jobs a month, the best result since the 2008 recession except for a brief boom caused by census hiring in 2010. But what was warming the hearts of many jaded economy-watchers on Twitter Friday morning were the numbers on wages.
Remember, don’t waste mercy and sympathy on a company, corporations are not alive, the Supreme Court notwithstanding. But if they were, they’d be a spoiled, sociopathic toddler with a big trust fund used to getting everything they demand. Most will stubbornly stick to the same methods they’ve been using for more than five years when it comes to hiring. My goal here is to make that adjustment to normal employment as painful as possible for every last one of them. A few things to watch out for below the fold, especially for you young folks who have never known a normal, healthy economy in your entire working life.