Good News on the Jobs Front

[djAdvocate]

but....Obama.....therefore, we must cite WFP and declare this a disaster. 

[djAdvocate]

The job creation was tilted heavily toward full-time positions, which surged by 671,000. Part-time jobs actually fell by 384,000.

[djAdvocate]

but yeah.  i am just a sunny, blinded optimist that refuses to see that we are still in a recession.  yep. 

[djAdvocate]

Oct 3, 2014 12:04:25 GMT -5 deminmaine said:

"They" always claim that employment is a lagging indicator. If it is finally getting to healthy levels then pressure on wages can't be far behind. I haven't seen it with our employees, but I have seen it with employee candidates.

I am getting a bit skeptical about our wage "freeze". It is sometimes hard to tell that the bar has moved until someone valued jumps ship, which is never a good way to find out.

i think that this is a fair objection to the sunny outlook.  the virtuous cycle is broken, and has been for a long time.

for the 150 years prior to the mid-70's, middle class wages and productivity moved in lock step with each other, in what one economist called "the virtuous cycle".  what this did was to engender a thriving middle class.  in the last (40) years, however, that cycle has totally broken down.  rather than giving back the productivity gains in the form of higher wages (which then are recycled though the economy, contributing to economic growth), they have instead pushed through the gains to higher profitability and benefits to "the investor class".  now, i would be being a hypocrite if i said i had not benefited from this.  i have.  in my investments.  but my businesses have pushed through those gains to my workers, as well.

there is a great deal that COULD change the dynamic.  i think some of it is starting.  but the middle class is 40 years behind the curve.

[djAdvocate]

Oct 3, 2014 12:18:57 GMT -5 @anne81 said:

Anecdotally my friends are having an easier time getting work and at decent wages.  DH has been contacted a lot recently by recruiters but he's been doing some CE so that may play a part.  I hope it's true and that people who would like to re-enter the workforce find a way. 

the only thing that worries me is that we are in mid-to-late recovery now.  this might go on a year.  it could go on four years.  but the next downturn is inevitable.  and to those that have been sitting on the sidelines because their "new" job would pay half what their old one did.......it could be bad.

[deziloooooo]

I was listening to NPR and they had a panel on discussing the happening, { 5.9 unemployment} trying to decide how good or not the figure really was..

Granted..wages are not going up as they should, many have stopped looking for work..and the real figure of uunemployed ..who knows ..They all felt it was much to long a time period , over six years, for the recovery to reach this point, though all agreed little danger of a depression..also they felt it was the FED that should get credit more so then the administration..

My feeling..whoever is in the main seat..POTUS..gets the blame for the bad , then they should get the acculades when things are good..especially in this case . He come3s in and whether you want to agree or not..all indications, seems all the talking heads AQND the so called experts, economist and such, were boo hooing..saying we are on the verge of a Depression..GM and others going bankrupt..unemployment out of control..banks completly blowing up..and he pushed through what ever..and Banks are now healthy..GM and others still in business , most of the $ spent on recovery gotten back into the treasury..and all while the opposition for the most part has sat on their hands offering very little help or suggestions besides just saying "NO '..to most of the inititives for improvement  brought up..still doing so even as this administration is starting to really wind down..we get ready for a new one...

5.9 %....not bad at all and as far as wages...that , IMHO, is NOT the job of a POTUS...the normal give and take of the market place will handle that...new bodies needed in a job..not enough willing to change..wages will be used to entice movement to work forces...