Only 14% Of Global Companies Plan To Add Workers In 2014

Tyler Durden's picture

Over three years after current Warburg Pincus Managing Director and former US Treasury Secretary Tim Geithner welcomed everyone to the recovery, here is where we stand: "According to Markit, optimism is improving among developed economies while emerging markets still show low levels of confidence. Subdued expectations about future activity have led to restrained hiring plans. On net, only 14% of companies worldwide expect to add employees." And just in the U.S. this number is 19%. Per the WSJ: "Companies continue to fret about further disruptions from unresolved fiscal issues, and are still particularly cautious about committing to hiring in this uncertain environment," says Chris Williamson, Markit’s chief economist. That is all.

What was left unsaid is how many of the 14% of companies planning on growing are in the Bernanke bubble benefiting FIRE industry. We'll go with a bold guess here and say, all of them.

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Sudden Debt's picture

Looks like a lot of people will have to earn easy money in a few hours only like mom did....


knukles's picture

Don't worry SD, it's supposed to be a great Christmas shopping season.

Sheeit mommah, gimme dat pony

Sudden Debt's picture

Makes you wonder how many televisions a person needs he :)


knukles's picture

Many as we cans carry while we be running frum de po-leese

czardas's picture

50% of US companies plan to hire.  100% of that will be part-timers after its "fulltime" workers are cut back to 29 hours.

Cdad's picture

As the Wall Street Journal makes its stand on "BLS Numbers Cannot Be Faked" President Zero does just that...

As folks marvel at the revolving door of Wall Street to K Street to Wall Street...

As Nanex continues to track the HFT nonsense driving the markets a chart of JP Morgan crime settlements....

As the BlowHorn [CNBC]prattles on about "fundamentals"...

And as Mr. Yellen prepares to print the nation into an even greater cosmic bunny hole...

...I present you with the real chart of Timmay Jeethner's recovery:

[which, when you think about it, begs the question...why isn't gasoline $1 per gallon?]

knukles's picture

Out here in the Peoples Socialist republic of Kalifornia, they say that's because of all the electric cars peoples be drivin'. 

I've seen more UFOs than Volts

RSloane's picture

Greetings from the People's Republic of Maryland. Our governor is busy projecting revenue streams that do not and will not exist but in the meantime fill his voters with hopey/changey for the holidays.

knukles's picture

Just think of what'd happen if he had a central bank!

LawsofPhysics's picture

I don't think you understand the meaning of the word "republic".

Cdad's picture

Ummmm....well....there is no accounting for stupid people, knukles.

czardas's picture

The rationale behind the "this month's data is substantially correct" makes sense.  Why fake data only at certain times?  I mean, if it's so easy to fake the numbers why not do it every time instead of the times we think the numbers make no sense?  (The conspiracy-minded would say that's what's happening - lol)  The data is not like Venezuela or Argentina's inflation numbers.  It's probably close to the figure derived after taking into account the phony caveats, absurd rules, exceptions and stupid methodology used.

Cdad's picture

I have no idea what your point is here.  The chart to which I directed your attention, by comparison, needed no explanation...none.

krispkritter's picture

 'unresolved fiscal issues' Well that's putting it mildly.  Titanic meet iceberg...

EscapeKey's picture

NOT THAT I ADVOCATE THIS - The Fed is printing $85bn/month. Assuming a monthly wage of $4,000, that would mean the Federal Reserve could employ 21m workers, instead of handing cash to entities which will pocket them for the 0.01%.

fonzannoon's picture

I advocate it. I can only hope that I get a few checks before it's all over.

Zero Point's picture

They decided to employ asians.

billions of em.

knukles's picture

Talkin' about employin' Asians...
Was watchin' the ticker news and there was sumptin' about Chinese bad debts associated with empty factories.
And it got me thinkin'
All them cities... yes, entire cities they built that's empty.
That's not some nefarious NWO Illuminati plan.
It's just plain downright fucking welfare to keep people paid, so they can eat.
But in China, see, they make 'em work for it.
Work or starve.
here, we just give 'em EBT cards because to make 'em work would be slavery!
Oh shit!
We'd be puttin' them people into slavery.
We couldn't do that now, could we....
Fuck no.....

firstdivision's picture

Hey now, you're getting ahead of the game.  This is QE5.

LawsofPhysics's picture

That would lead to real inflation, instead of the "fake" inflation we have now.

But I digress, no society/currency has ever collapsed/died because their purchasing power became too strong.

czardas's picture

I wish your last statement could be stamped on every desk in Congress. 

MachoMan's picture

Not really...  It's a misnomer.  No currency will ever go that way because it is contrary to human nature.  Once a currency becomes strong, it is like money in the bank...  in a world of ethereal fiat, a country with a strong currency would be stupid not to trade it for the real goods and services of another.  Hence, there will always be a ceiling on currency appreciation, therefor making it impossible for any country to succeed in killing its currency through such strength.

RaceToTheBottom's picture

The Swiss were going that way; that is why they pegged their currency to the EURO. 

We are all in this together.  It is a RaceToTheBottom altogether now!!!!!


Zadig's picture

Nice example.  Since the purpose of QE is looting rather than helping "the poor" the idea would be anathema to our rulers.

Sudden Debt's picture

but than those 21 million would pay taxes and... well it would make the FED obsolete... so why would they wanne do that?



Unemployment keeps inflation low. It's what protects us from massive inflation.




Sudden Debt's picture


and look how long it takes for the police to arive :)

LawsofPhysics's picture

Humanity isn't just another ponzi, it's the ponzi.

TooBearish's picture

TYLER - WTF with the pop ups and Adtv running unprompted!?!?! is there anyway to trun em off?

Zero Point's picture

Dude. Put Ghostery on your brows..... Ah fuck it. Never mind.


Mi Naem's picture
Adblock Plus

To support ZH, I've repeatedly experimented with turning off my adblocker.  But, ZH's ads are so obnoxious that I've always turned the adblocker back on. 

Bobbyrib's picture

A whole 14%..extremely bullish.

Whoa Dammit's picture

"How'd you like the whole world to see the $12,000 you've got in your bank account? It was right there just as you walk in the door. We even saw tax returns, Social Security numbers and all! 

Michellle Hogan alerted 11Alive News to it, after going to a DDS center in Marietta to get her son's driver's permit. She needed to use the public computer to access her account in order to print out her tax return to prove he was a dependent. 

"Tried to delete it and wasn't able to off of the computer," she said.

She told 11Alive that a supervisor wasn't much help either, and that's why she contacted us. 

We went in with a hidden camera and discovered all kinds of private and personal information on the computer for all to see.

The public computer was made available for customers who forgot the necessary identification documents, required under new Homeland Security rules. "

dick cheneys ghost's picture

that is so fucked up on so many fucking levels..............

fuck u freddie.......

orangegeek's picture

someone better forward this to Yellen


subject line could read, "Print Faster You Fucking Cunt!!!"

tazmatic's picture

Bullish for CCA, they need more jobless and deadbroke dads that fall behind on child support to fill state prison dorms, especially in states where pot is legal.

Shizzmoney's picture

bullish for stocks