This page has been archived and commenting is disabled.
Federal Reserve Asks "Where Are The Jobs"
Five years into the "recovery" and The Atlanta Fed thinks it's time to figure out where jobs come from (spoiler alert: there is no job tree). The Atlanta Fed has investigated trends in a variety of firm types to better understand why labor market progress continued to be slower than hoped for in 2013... the findings - when it comes to job creation, there is no simple solution. But Ben and Janet said?...
Who or What Creates the Jobs?
A striking feature of the Great Recession was not so much the rise in the number of firms cutting their payrolls—that always happens in recessions. What was unprecedented was the dramatic collapse in the number of firms that expanded. Early in the recovery, firms continued to have the lowest rate of job creation on record, and fewer new firms were created in 2009 and 2010 than in any other time in the previous 30 years. Although the unemployment rate fell faster than expected in the latter part of 2013—roughly four-and-a-half years into the recovery—hiring rates at firms were still relatively subdued.
The Atlanta Fed has investigated trends in a variety of firm types to better understand why labor market progress continued to be slower than hoped for in 2013. Researchers started by looking at small firms, since their economic struggles are often singled out as a major reason why the U.S. jobs engine has faltered. These researchers found that all businesses were hit hard by the recession. They looked at firms across a variety of dimensions—age, size, industry, and location—to determine where the jobs are.
Small firms versus large firms
Most businesses are small. Almost 96 percent (or 4.7 million) of firms had payrolls with fewer than 50 people in 2011 (the latest census data available). These firms accounted for 28 percent of all payroll jobs. They also create many new jobs—about 40 percent of new jobs each year, on average. However, the rate of gross job gains fell sharply for small firms during the recession and recovery, in part because fewer new firms were created but also because small firms sharply curtailed hiring as heightened uncertainty and a weak economy made them more hesitant to expand.
Large firms are also an important source of new jobs. The largest 1 percent of firms account for about as many new jobs each year as do all the firms with fewer than 50 employees. But large firms have also been creating jobs at an unusually slow pace.
New firms versus young firms
Start-ups gained a lot of attention in the aftermath of the recession, in part because of the dramatic decline in new business formation. These new firms are also important because they create an outsized share of new jobs. In 2011, 8 percent of firms were new—most of them were very small—and they contributed about 16 percent (or 2.5 million) of new jobs that year. But having a continual flow of new firms each year is important because the jobs that start-ups create can be fleeting. Indeed, more than half of young firms typically fail within their first five years of operation.
Gazelles versus gorillas
Although many firms fail in their early years, a small fraction of young firms grow very rapidly. These so-called gazelle businesses are also a significant source of job creation. A recent Atlanta Fed study looked at the properties of fast-growing Georgia firms during the 2000s and found that about half of the firms that had a high rate of employment growth were young. However, more jobs were generated by older, generally larger, fast-growing firms, sometimes called gorillas. On a national level, high-growth firms have declined as a share of all firms, from 3 percent in the late 1990s to 1.5 percent in 2011. During the same time, these fast-growing firms added fewer jobs, falling from 45 percent of jobs created at expanding firms to 34 percent.
While data on these and other characteristics provide a window into the types of firms that typically create jobs, they also underscore the fact that when it comes to job creation, there is no simple solution.
+++++++
One can't help but read this and consider the underlying pressure this implies to maintain the large companies at the expense of the small ones?
»
- 22582 reads
- Printer-friendly version
- Send to friend
- advertisements -
End. The. Private. Fucking. Cartel.
The only industry that has constantly added jobs over the last 5 years is the gubbamint... There's your growth industry, at your and my expense...
Who didn't get "all the good jobs are gone" memo?
if you are a middleman (and most people are: real estate, retail, teacher...) the internet will take your job if it hasn't already. just bought a pair of shoes. free shipping in both directions. no tax. add to this robotics and jobs are dinosaurs.
You want jobs? Then LEAVE PEOPLE ALONE... as in "not stealing half of what every productive person earns."
Yeah, I know, the sociopathic thieves will never go for it.
Why is it that people obey them?
As in complete, miserable, fucking failure. Thanks, Ben.
Not for Ben and Obozo's rich friends.
Or Bush's, Halliburton, Searle, etc.
Quit making shit up....
Govenment emplyment is at 50 year lows....
https://www.opm.gov/policy-data-oversight/data-analysis-documentation/fe...
Government salaries and benefits are at all time highs,
as is government/transfer payments as a percent of GDP ~ 50 percent nominal,
but much higher if you include off the books liabilities.
WWTRIS?
http://www.rockinst.org/newsroom/data_alerts/2010/07-23-govt_employment....
(what would the rockefeller institute say?)
hugs,
former one-hearbeat-from-the-presidency nelson
"Jobs???? You mean where folks have to work and such?"
"What a quaint notion." -- Free Shit Army
Do you read the shit you type before posting?
Ok....but look at the huge growth in the legislative and judicial branchs. Everyone in government now has major bennies and huge salaries compared to the private sector........they also double and even triple dip on retirements. Insane!
Certified, sociopathic goons can "get a job" with the Hobbs, NM "police" and earn between $22.28 -$25.62 an hour!
Bonus: A $25,000 housing incentive for five years or $50,000 for 10!
Call "The Chief" @ 575 393-cops
Can't make this shit up.
https://www.youtube.com/watch?v=im66lCgZrbc
http://townhall.com/watchdog/newmexico/2014/04/14/whatever-happened-to-p...
You are failing to include those who survive on government contracts for services and widgets. They are de facto government employees like me.
90 percent of my patients are gooberment insurance
Any layoffs amongst the navel gazers at The Fed?
No, suppose not...
Working at the Federal Reserve is not a government job ...
I am not sure if you are joking or not.
This is the same old "change the definition" trick that the governement has been using for years. There are more government employees than EVER. They are now called "contractors" and they are hired by companies whose only reason for being is to take government money and then issue payroll checks to people doing government work.
I know this first hand.
Really, you should know better!
How come anything a Federal Beurocrat can't understand is so complex? Too much taxes, too much regulation, too many licenses, too much insurance, crappy USD.
and, oh, by the way, rule of Constitutional Law is in the way of the beurocrats-so they disregard it
That's all.
Exactly.
Those things increase employment friction.
They do not live in the real world where they have to produce for a living. This also includes most economists and academics. The real world seldom intrudes in their elite musings.
Drudge had the classic article this morning. Sorry if this is a repost:
86M Full-Time Private-Sector Workers Sustain 148M Benefit Takers
http://www.cnsnews.com/commentary/terence-p-jeffrey/86m-full-time-privat...
why bother if only one job counts "printing press operator"
Well, I hear that Steve is six feet under. Not sure about the rest of 'em.
Atlanta..enough said right there.
That's where the walking dead are!!!
Where are the jobs? Start on page 836: https://texasrepublic.info/documents/atlasshrugged.pdf
http://www.cnsnews.com/commentary/terence-p-jeffrey/86m-full-time-privat...
Where are the jobs?
Inflated away.
Exported to China while the pension funds were looted by the plutocrats...
Strawman. There is no more powerful man-made force than currency debasement, Skippy.
Those jobs are not outsourced if currency maintains its purchasing power. PERIOD.
Really?
Please explain how....
What happened is simple wage arbitrage....
BTW, you would do well to lay off the Skippy shit....
There are many tools used to drive jobs over to China. Labour laws, unions, environmental regulations, taxes, etc. Even if the USD maintained its purchasing power, that would not stop China from fixing the exchange rate to gain an advantage. Also, intellectual property theft.
One of the dumber comments I have seen on here in recent memory.
tk'kurrrjerrbs
http//www.youtube.com/watch?v=768h3Tz4Qik
Except that, thanks to NAFTA, WTO, GATT, IMF, TPP, etc, they actually did, take our jobs.
And, the job's they can't outsource currently, they fill with imported foreign labor.
Multinationals always crying for more H1Bs because they can't find the talent at the right price.
The real story about jobs is that tens of millions of people have jobs that add little to our welfare. No one will admit this to himself, though.
What Hohum said ^^^^^^^
Welfare is a job, and I hear it pays pretty good.
pays ok - i gots' to get my scratch offs and power ball and some old english and then order some papa johns for the knicks game. it's a lot of work. sometimes i wake up at 11 and it's tough getting back to sleep.
You try managing 3 IDs, 4 EBT cards in 3 states, one Fed Gov disability, 3 babymommas, 6 of my childlins, 6 of herses, plus a house painting company and for rental duplexes. I be beat every day.
When an ecosystem is not allowed to eliminate the large non productive components, it ends up killing the whole ecosystem.
Currently TPTB cherish the useless eaters for their votes and pay them handsomely, with our tax $$$...
What a bunch of BS. Bttom line if you lost your job at a good salary, you're only hope is finding another at a lower salary.
Or, you could become one of the 148+ million parasites helping to slowly kill off the remaining 86 or so million hosts.
How much longer before that is 200 million and 34 million, respectively?
Dear God how stupid does the Fed believe we are? Have they been so busy printing for the ruling class that they failed to notice their country's slaven, golden, middle class geese have been slaughtered at the hands of Marxists who have overtaken governement policy and, uh, 1/6 of the US economy with Obamacare?
The REAL census numbers came out: 86 million MAKERS for 126 million TAKERS now in the US. How f'ing far does the FED believe we'll get growing THAT economy? What IDIOTS.
The good jobs started disappearing in the 80s....
Long before Bennie and the Inkjets...
Not true. It started about 2004 and got worse when the savior was elected. And oh well he got re-elected.
You mean with oil going from $20 to $100 per barrel? Geez, if only the right politicians were elected, that wouldn't have happened ...
Flak you didnt always have obama balls deep in your ass. What happened?
What has this to do with Obama?
The country was fucking run into the ground long before...
You forget Mr. Self-Regulating Markets and "bail 'em out through cheap money" Greenspan who left the Fed almost exactly year after BHO was sworn into the Senate... His fingerprints are all over the body...
Obama is merely presiding over the adminstration of the last rites or auditioning to be a pall bearer...
-----
Corporate greed trumping all, combined with the end of cheap oil did the US in...
Bolshevik. 100 years of debasement begs to differ
Then you must have been in the wrong field.
Foreclosure of a Dream
http://www.youtube.com/watch?v=gWrQmItZmLc&feature=kp
This state of affairs is because the big companies bought the government and it is only with that advantage can the room be found in this system to expand and/or hire new employees.
In a healthy economy, it's small business that creates the most jobs - and it's not even a close contest.
and if they do hire - it's h1b visas from india and china. period. how can labor and state department justify this?
By healthy you mean productive yes?
of course. An unproductive economy wouldn't be very healthy.
Actually it is simple. Reduce friction of employment.
Reduce barriers that disincentivize employers.
Change the incentive structure for the jobless.
China.
And...take the data selling out of the HR Departments, a big problem. Look at how many jobs get advertised for a year or better, no plans to ever fill that job but all applicant submit data and you have to take a battery of tests and survey. The surveys are usually by email and they take this information and de-identify it and sell it to the folks studying human behavior.
So get the "Junk Science" out of the HR departments and cut off their data selling there to make money. That's a big disruption with getting hired today as you don't know sometimes whether it's a real job or a data collecting operation.
In 2012 data brokers make $150 Billion with a B selling our data and now, well guess what your friends at Facebook and Google are partnering with them in the battle for information in the ad business.
http://ducknetweb.blogspot.com/2014/04/google-partnering-with-data-broke...
No taxes of course as I'm sure the tax havens have it covered.
This is why I want a law requiring every stinking source that sells data to have a buy a license so we can identify who we need to regulate as right now nobody knows and lots do a good job hiding out.
So yes for those jobs to become available for the average working get the damn junk science out of these HR departments too.
f16Hoser - No. I will not let you misdirect! Obama does what he is told. As Senator Dick Durbin said in 2009 "The banks own the place."
I will net out. After 2008:
1) The private bank of banks, the Federal Reserve a PRIVATE corporation that helps Washington lie to the people for them gave huge loans to megacorps at what is called the Discount Window. That was lent at near zero interest rates.
2) Megacorps invested in there new "Shining city on the hill." Namely Bejjing. Thats where all our manufacturing and military secrets and gold went too. So China could become the next reserve currency (this was a feature not a bug we didn't just lose this status like whoops!) and YOU the taxpayer paid for all of it! No worries, you got cheapo Chinese goods that break every six months instead of lasting five years.
3) Inside players and older, shrewder investors knew what domestic investment there was would go into food, energy and cable. Got to eat and drive to work right? No more going out so the assumption was you would stay in. I bet you did unless you got government favor which is now starting to be cut (that's all you sellouts including our intelligence, go to work for Bejjing pricks. Me Chinese me play joke on YOU). I do not blame the Chinese. They took full advantage of our rulers demented behavior.
Rising energy prices hurt growth of all but especially smaller businesses. Obamacare and all these factors means I can only hire part-timers. The big corps don't hire, they need not innovate with what amounts to free money.
4) Any credit for smaller players they did get was jacked up to outrageous levels. Guido from the mob would have given better terms. There was no real screening and selection based on decent credit of a small business, they threw the baby out with the bathwater. But YOU the taxpayer were forced to bail the banks out and recapitalize them. "We had to compromise capitalism to save it." Piss of GW Bush and go suck some more banker balls while you paint all your crony foreign leader pals. As for Obama, signing the right to kill you or detain indefinately with no council is the supposed divine right of kings. Go suck Bill Clinton's balls some more then suck on the Roundtable of 9's balls at the Bank of International Settlements, the bank of all banks globally. These people pretty much own the world, the majority percent of assets in one way, shape or form anyways. Say hi to the Rothchild family while we're speaking of cheesy smelling banker balls.
5) Goldman Sachs and other investment banks sold bags of investment shit to States/pension funds which fell. In a panic, State legislatures taxed at the bell curve. Since they know the richest escape taxation (offshore accounts, bunches in Caymen Islands, Hong Kong etc) and the poor have nothing to tax, they set up new laws to tax the middle class through fines. Lots more cops to pull you over, family laws where if you have a penis your a demon, etc. Laws that favored larger corporations and punished smaller ones as well.
That's the thanks we got for allowing the bankers to socialize the losses (to you) but privatize all the gains. Now we supposedly owe $17 trillion? To whom? Oh that's right we can't audit the Federal Reserve, a private bank. Well Congress could but they were too busy placing there bets in megacorps splurging overseas and sucking banker balls to have funding to get reelected. But it was funny to see Hank Paulson the Treasury Secretary kneel down in front of Nancy Pelosi. He was sucking something else but well... cant say I am a gentlemen and all that. Merge of corporations and government is called Fascism. Gee didn't we fight the Nazi's to stop that?
Basically the political insiders and pals the Federal Reserve and senior political insiders looted the place blind, now expect us to pay literally trillions in interest over the next 25 years. That's because China is their new golden boy. But they do still care about our $12 trillion a year economy (i know official GDP is higher but it's bullshit).
The Clinton Admin set up the cops in ADVANCE then deregulated the financial industry. Now the laws are to protect there investments further and if you screw with them NDAA laws of "we will kill you without trial" now apply.
The Keating 5 were Republicans that actively helped put the bill in front of that rapist in chief Clinton so let's stop pretending anybody in Washington gives a shit. They commited high treason according to the Constitution and dare tell the American people they can kill THEM without notice?
The Federal Reserve is now acting nice. They do indeed care about there private banking franchise overseeing twelve trillion dollars of GDP. They care like this old political saying:
"Do what you want and beg for forgiveness later." But in the end it is government that must sign off on all this. We were sold for 30 pieces of silver. Thanks Judas!
Fellow ZH'ers: Please cut and paste this commentary on a few popular threads here and other sites please. This took awhile to type, I need a short rest - use all or some material and claim it as your own from this commentary. I need no credit for paying attention and caring about my nation as my folks told me to do. Vanity is for the sociopaths. A shame they rule over us.
Great post. - I would only add the following details.
- The FED through unlimited US Treasury bond purchases has allowed Congress to spend without going in front of the American population to ask for tax increases. This has allowed for almost unlimited spending on the "free shi* army" that comprises about 20% of US population.
- Huge defense spending since WW2 has provided the world with relative peace under the De-facto protection of the US Military with no contribution for that protection by any other economy on this planet. This has benefited not only our allies but the BRICKS as well as large economies like China, Japan, and India.
Everyone else has paid by having to use USD and buy US Treasuries.
Spending money on Iraq, Afghanistan, and ever more expensive military technology was not neccessary to maintain the hegemony.
As for the FSA, the main beneficiaries are the politicians and the corporations, not the poor.
We need to starve the monster, request 1099, and like the illegals use the emergency rooms pay the newly created group Dr. Plans. At a minimum increase all of our deductions on W 2's. Establish barter routes. Take our cash out of the big banks and reward small banks. Help each other. Shop at small local businesses. Some can't others can. Send emails to the FED every day telling them to f____ off. Definitely close out all banking relationships with all Fed dealers of treasuries.
So some egghead decides the only variables to look at are firm size and firm age and pontificates "there is no simple solution". Here's some other metrics the fucks could take a look at:
1) public bureaucrats per private sector employee
2) any measure of the complexity of federal legal code
3) odds of a firm getting mired in a complex lawsuit at the state or federal level
4) number of commercial bank loans made to businesses with less than five years of audited financials
5) rate of business license denial at the local level
6) the true costs of KYC compliance
7) health insurance coverage costs for new firms versus established 'gorillas'
8) how much industrial overcapacity exists in China
9) just about any other inconvenient data point
... fucktards
COMMERCIAL BANKS ARE THE PROBLEM. MAKE LOANS REGARDLESS OF FUCKING AUDITED OR NON AUDITED STATEMENTS, BUT RATHER WHICH MAKE SENSE. WE DON'T HAVE TO HAVE THESE BANKS SELLING OUT THE ENTREPRENEURIAL SPIRIT.
Which commercial banks? The ones that don't exist any longer?
https://research.stlouisfed.org/fred2/series/USNUM
Same thing in credit union space.
https://thefinancialbrand.com/24943/credit-union-industry-outlook/
It's all about scale and the cost of money. The bigger they are, the lower their cost of funds, the less they care about any particular 'client', be they depositor or borrower. A generation of these clowns made money bundling off mortages to FNMA and GNMA and forgot how to make other types of loans.
1) Put a five year moratorium environmental impact studies for new infrastructure and enterprise development.
2) Start construction of long delayed critical infrastructure such as electrical grid, pipelines, refineries and hydrocarbon export terminals.
3) Change tax laws so that trillions of overseas capital can be repatriated.
4) Review existing laws and regulations with goal of simplification and elimination of unnecessary hurdles to job creation.
5) Create enterprise zones in those cities who want them. These zones would be exempt from local and regional planning and regulation and would be run by state commissions whose mission would be to encourage quick development of jobs and manufacturing.
Where do jobs come from? they would have been better of asking where did all the jobs go? much easier to answer.
Ensure all the ducking bankers have flat tires daily. Destroy all the Google's, and internet companies that the military industrial complex and DNA support. Don't buy any Chinese, GE, GM, AND ANY OTHER GOVT SUPPORTED COMPANY. ALL INTERNATIONAL COMPANIES WHO WILLING TRANSFER TECHNOLOGIES FOR SHORT TER GAINS. ITS ON FUCK THE GOVT AND CRONEY CAPITALIST.
EVERY TIME THE STATE OR FED NEEDS A BUSINESS PLAN TELL THEM IT IS UP THEIR ADS. THE STATE I AM TRYING TO LEAVE HAS TAKEN ENTREPRENEURIAL SMALL BUSINESS AND STATIZED THEM. HIRING ONLY DEMOCRATIC CANDIDATE GIVING THEM ENDLESS BENEFITS AND PISS POOR SALARIES. FUCK YOU OMALLEY.DIE FUCKER.
lET'S JUST START A REVOLUTION. MUCH BETTER IDEA. SLAY ALL PROGRESSIVES.
White Wolf - Are you a wolf in sheeps clothing? History rythms. The time to make critical adjustments from government was around 2005. They overshot so badly and other nations with sociopaths will begin killing one another soon. As Christ said, "Keep your eye simple." He lived at one of the peaks of Roman Empire. Suicide by frontal attack against an empire (or now former one and prepared to deal with people like you that offer up such stupid suggestions) is just that - suicide.
Best to make sure you and your family look out for each other and other Americans. Don't take political sides. Don't follow individuals claiming to be the new George Washington at the drop of a hat.
There are cycles where it is wise to just expose them widely to the public. Now, instead of a few listening, many are now awake and needing info how this happened and what to do to protect wealth and health.
The solution is: Send In The Clowns. Hiring of clowns is way up thes past few year; Obama, Biden, Boehner, Harry Reid, Lurch (John Kerry) and, until recently, Billary Clinton.
"Federal Reserve Asks "Where Are The Jobs"
they were in china for awhile. then they went to malaysia.
i think the jobs are running out of countries to go to.
but i am not sure.
:)
Africa still has pretty low living standards, tons of raw resources, and the population is expected to grow from 1 to 4 billion over the next 50 years or so. Plent of opportunity for sweatshops there.
That one-minute infomercial from the Atlanta Fed was highly informative... for morons.
We pay these people to state the obvious and offer no solutions, and make videos showing how fucking stupid they are?
The dipshit with the slurred accent should be the first fired. Let him then go about finding a job.
Fuck.
This.
Shit.
FRB of Atlanta does not know where jobs come from as for the other FRBs, that's why they are failures. They don't know what they are doing. We should be asking do the FRBs know what they are doing...
stop the bankers from stealing money and you will get jobs. Paying some idiot to steal money via HFT while the FED tells them to the minute what they will be buying so they can be front run....for no F'ing economic purpose is not a way to run an economy! The central planners have no clother or clues!
"Bernanke: Unemployment
Rate Dropping Because
Workers Giving Up"
9/13/2012
https://www.youtube.com/watch?v=Hv3b3-dL6KI
And he said policy was
aimed at more sustainable
employment growth.
Bernanke Acknowledged
The Trade-Off's Operative
http://www.bloomberg.com/news/2012-03-07/bernanke-seen-accepting-faster-...
But he really opted for lower
velocity because policy was
obviously centric to lifting
bank collateral value.
To him sustainability seems to
have been trickle down economics,
as Humphrey would have put it,
and as Mondale reused as where's
the beef.
An administration of Christina
Romer's with honestly labeled
stimulus programs would've
lifted employment long ago.
As to a crash past,
Keynesians would say falling
GNP led to a drop in money supply,
vs. the monetarists' drop in money
supply led to a fall in GNP.
Balancing the dynamics implies
more loss taking/less bonus receiving,
at the large banks, more legitimate
stimulus.
Sandy Weill:
https://duckduckgo.com/?q=sanford+weill+break+up+the+big+banks
In reality nominal rates afforded
massive free reserves, plus Bernanke
bought massive volumes of MBS's not
at market value. The "stimulus"
went to favors. The banks bought
the adversity, and with the money
from those who sold the banks' bubble.
There was nothing
Romer'ish about our recent history.
She saw no point in staying, jumped
ship, and we sank.
That's privatizing the money and
shafting velocity to accomodate it.
This is privatizing labor laws:
Generally unscrupulous billionaires like
high unemployment, but really
especially so with this:
http://www.commondreams.org/headline/2014/04/16-7
In Preemptive Strike, Oklahoma Bans Efforts to Increase Minimum Wage
Law signed by Gov. Mary Fallin thwarts local workers' rights initiatives
The firm of 12 year old firm chinese girls backed by all the money americans can give international corporations (less now?). F*ck anything that starts with fed (they've been fed enough and need to change their names to fat)
Creating jobs in a mature market should be required to pass a certain "taste" test. It should be pointed out that while America is creating jobs it is costing a huge amount. I'm referring to the massive government deficit which I feel is the fuel driving our still rather weak growth. Is it sustainable, and just as important are these the right kind of jobs and will they last?
When a job that falls outside the description of government worker fails to make economic sense it becomes a form of working welfare with the taxpayer picking up the tab. We as a country and as a society have paid dearly for each unsustainable job created through government incentives and partnerships, because of the nature of many of these jobs we might even call them temporary. More on this subject in the article below.
http://brucewilds.blogspot.com/2013/01/creating-jobs-in-mature-market.html
Eventually the leechs kill the host, Politicians cater to the public for votes.
Try dropping dead fed and see what that does?
What if we had to negotiate with each other--what our hourly wage was going to be? Rather than have an arbitrary government determine what that price wage is. Would it be in our benefit to learn, as a group--how to assess the value of our work--individually. I would prefer to bring negotiation back into the personal realm. And how about the fact that I have never said no to a job. I will work, for any amount of money--at any job--for I know that I will move ahead, onto the next--and from there.
I don't come from a patronizing network--where I am in the in crowd. I like to work, and work I will from the bottom up. There she be--working--learning as I go. Where's the respect for the person on the ground? Where went the supervisor--who knows how to talk to the person/worker on the ground, that had the knowledge of how to talk to the owner--to keep him happy--that made america great
Certainly not helping matters that over a million completely unnecessary (and actually counter-productive) H-1B guest workers have been allowed in, while qualified American STEM workers are sending their resumes, over 12,000 per week, to firms such as Yahoo looking for jobs. Almost none of the resumes actually being responded to.
Lemme see - I can sit on my ass for a couple years and get paid for it and then go on disability and never work again so that takes me out of the workforce. Companies and some governments are cutting back on the workforce with no decline in capacity so that takes people out of the workforce. Many people dont invest in the markets cause theyve been through 2 or 3 crashes and they cant get any interest due to zirp so thy cut back on demand - that takes people out of the workforce. Many young people don't want to work for sub minimum wages or cash like illegal aliens will so that reduces employment. Raising minimum wages reduce employment. Taxes and Obamacare and inflation in all that we buy reduces spending on non-essentials so that reduces employment. Not too hard to figure this out.... Oh, and state and federal laws make starting a business very difficult and expensive.
As if they EVER cared about jobs for the 99%. /no sarc
free trade, low or no tariffs, and you get our economy, add in the socialist - fascist- bloated -corrupt .gov and a stupid immigration policy and NWO deals and this no jobs economy must happen and has..what's needed we never get from .gov or that monster the FED. Fascist germany broke free from the banksters for a while, but the leaders were insane - perhaps by design, as those that get to even run for office in USSA, obuma for one seem cast in the same mind frame, little dictators obsessed with themselves, corrupt and plane as day nuts.
Jobs are hazardous to the squid's health.
Wall Street has pushed human capital firmly over to the liability side of the balance sheet. Rather than percieve workers as a productive resource to nourish, it's become incumbent to pass them off like weeds on the 10q to be thinned- the biggest threat to the almighty bottom line. Human capital used to be a long-term investment. Now they're expendable, short term stepping stones to get to the next target on their quarterly. It's only in recent years where lay-off announcements are embraced by Wall Street. In normal times, lay-offs would indicate trouble and misallocation of resources, not growth
Wall Street embraced layoffs in a big way (positively) through LBOs back in the mid-80s and has been board with it ever since. The only difference is now is that larger companies have squeezed as much as they can the last 5 years and can't squeeze much more out of their labor force to increase operating margins & juice quarterly profits.
Fascism is systemic and pervasive in the US of incorporated assholes, and the fraud-factory asks where are the jobs?
Talk about distraction dripping with denial.
END THE FED and HANG EVERY BANKER!
You win the lottery when you get a job in goobermint. Private sector is automating and cutting like mad.
Join a make-work industry - health, education, social services - it's tomorrow's great success story.