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Spot The Odd Job Market Out
When the BLS reports the May job number in one week's time, it will mark a historic threshold: this will be the report when the total number of jobs lost during the financial crisis at the national level is finally recovered, and the US has the same number of people employed as it did during the last peak in January 2008 (even if the number of Americans not in the labor force has increase by 13.5 million since then). However, as is always the case in a as diverse as the US, what happens as the national level is very distinct from regional developments.
In this case we bring our readers' attention to a chart from a recent NY Fed presentation showing the "recovery" in the employment both at the national level where as noted the thick red line is about to cross the X axis, as well as three distinct MSA: 1) New York City, 2) Upstate New York so very different from Manhattan, and 3) Northern New Jersey.
Which brings us to today's rhetorical pop quiz: spot the odd labor market out, one dominated by the financial industry, also known as the place which has benefited by far the most from QE, which may have failed most of America, but certainly has unfailed America's financial industry, where things have never been better.
Source: NY Fed, h/t @RudyHavenstein
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goldman LAYOFFS that has never happen..well it did in 1979
Looks like NYC OD'ed on Viagra.
Growth = Where's Waldo? = Who's John Galt?
Does this include coke dealers and hookers? There is your solution.
Man, the 2020's downturn is REALLY gonna suck!
EDIT: For the 99%
You have NO idea.
I've been calling for the wheels to REALLY fall off after 2020 for years.
Shouldn't that year be 2014?!
OblameO can do nothing without his teleprompter
http://a.disquscdn.com/uploads/mediaembed/images/1055/4293/original.jpg?...
of fucking spare me the bullshit this early in the fucking morning. the last time i listened to the ignorant dumb mother fuckers that make up the fed govt they told me to get under a fucking wooden desk in the event of a fucking nuclear war. and that would be funny if it wasn't fucking true.
so if i shit all over the fiction put out by the melon headed jihadist gang members you now know why.
I also remember that. They also advised us to dig a hole, get in hole, cover hole with plywood and cover plywood with 5 to 6 inches of dirt in case of nuclear attack.
Hey assholes I am in the hole.
But I read it in Time Magazine and I heard it on the news
We'll see dramatic changes in the lifestyle we enjoy
If those megatons of atom bombs are actually employed.
The scenarios are scary, oh, but they don't worry me
Since I received a pamphlet from a federal agency
It's got diagrams and checklists and I read it front to back
And it told me what to do in case of nuclear attack: Just
CHORUS:
Dig a hole in the ground, and climb right on down
Lay some boards on top of you and sprinkle dirt around
You won't have to be dead if you only plan ahead
You'll be glad you kept a shovel on hand!
Now you can't just go picking any old place to dig your hole
Got to take a ride to the countryside to the town where you are told
If your plates are odd-numbered please don't panic, you'll be fine
Just politely let those even-numbered cars go first in line
If you don't have a car, just hail a cab or ride your bike
You can climb aboard the Amtrak train, sit back, and enjoy the sights
You and thousands of your city friends will be welcomed cordially
By townfolk who will show you country hospitality--then
CHORUS
We're sure to give you notice up to seven days before
But it's wise to recognize the warning signs of nuclear war
If the temperature is rising in a flash of blinding light
Grab your toothbrush and a flashlight and shut the windows tight
If the wind is blowing wicked and there's buildings in the air
Blisters on you body, fire in your hair
If the tupperware is melting and your dinner plans are wrecked
Stay calm, it's time to put this foolproof plan into effect: Just
CHORUS
Where is it???
Im trying to spot the job market.
Things are fine in NYC and D.C.
Just like they were in Paris and Rome.
Like so what....who cares and stuff
and they only have two liberal Senators and a few leftist Congressmen to donate to....what a shame all that money is wasted
Lol New York is like the City in the Hunger Games, its a bunch of gay people and trendies running around with glasses that have no lenses, all thats missing is the flamboyant head-dresses with peacock feathers everywhere.
http://4.bp.blogspot.com/-68_t_zU71VQ/T4L0HKJzHsI/AAAAAAAAHOs/oMAiwfyCId...
All I can say is, thank god for the recent influx of chinese and russian people, atleast there are portions of New York that look somewhat civilized like actual humans live there, at night time it looks like the circus has come to town.
http://www.thestranger.com/images/blogimages/2009/05/29/1243640028-img_2...
And stay away from homeless centers, they don't have bathrooms inside, so people shit in bags and throw them out windows, just a fair warning if you ever visit.
Just stay away from any building that is within 10~ 20 blocks of any bridge connecting to the city to avoid human shit as much as possible.
All - in - All New York is nice, but its very rough around the edges, and its pretty gross the deeper you delve into it.
Fuck the Chinese and fuck the Russians and you too. Here's hoping you step in a pile of shit tomorrow douche.
Dystopia
What job market? Most of the job listings are fake. If you don't believe me, ask around. You'll find that some companies have listed the same job ads for 2 years or more.
Why would companies run fake job ads? There's a good answer: Tax breaks and loans from the states. The following article offers the details:
As Companies Seek Tax Deals, Governments Pay High Price
http://www.nytimes.com/2012/12/02/us/how-local-taxpayers-bankroll-corpor...
And check out the tax deals in your state here:
http://www.nytimes.com/interactive/2012/12/01/us/government-incentives.html
This is actually a giant looting spree from companies across the country.