This page has been archived and commenting is disabled.

Old Workers Hit New Record High As Jobs For Key 25-54 Age Group Slide By 142K

Tyler Durden's picture




 

Another month, another case where the primary age group of the US work force, those aged 25-54, gets shafted.

According to the BLS' household survey, while overall July jobs rose, if modestly less than the 209K revealed by the establishment survey, there was no joy for those aged 25-54: historically the most important and highest earning age group (in case anyone is wondering where all that missing average hourly earnings growth is) within the US labor force. As the chart below shows, while all other age groups posted a jobs uptick, it was those 25-54 that saw a 142K jobs decline in the past month.

 

And while total jobs may have recovered their combined losses since the start of the Second Great Depression in December 2007, it is cold comfort for the 25-54 age group, which still has some 2.5 million job gains to go before it recovers all losses.

 

The biggest winner? Old workers, those aged 55 and over as can be seen in the chart below.

 

And the following chart too, which shows that at 32.5 million, America has never had more workers aged 55 and over.

 

But please don't blame the old workers: they are merely doing whatever they can to survive in a day and age in which the Chairsatan(ette) has made the lifetime product of their labor, their savings, worthless thanks to ZIRP and soon, NIRP.

If that means no jobs for other age groups, then please direct your complaints to the Marriner Eccles building.

 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Fri, 08/01/2014 - 09:22 | 5032170 rccalhoun
rccalhoun's picture

i got a job collecting welfare

Fri, 08/01/2014 - 09:25 | 5032178 FrankieGoesToHo...
FrankieGoesToHollywood's picture

Is that working from home?!?

Fri, 08/01/2014 - 09:40 | 5032232 GetZeeGold
GetZeeGold's picture

 

 

25-54 Age Group Slide

 

Molly geez.......that's a pretty big window!

 

You could almost call that most people and get away with it.

Fri, 08/01/2014 - 09:42 | 5032238 Headbanger
Headbanger's picture

Fonz got a job blowing his bankster bozz.

Fri, 08/01/2014 - 09:44 | 5032254 fonzannoon
fonzannoon's picture

I thought I was the bankster??? I thought that was you down there blowing me???!!!

Fri, 08/01/2014 - 09:48 | 5032274 pods
pods's picture

What's green with white spots on his face?

Kermit! 
:)
pods 

Fri, 08/01/2014 - 09:52 | 5032285 Day_Of_The_Tentacle
Day_Of_The_Tentacle's picture

Hmmm. Did we just have a mini flash crash on the Dow?? The Market Watch chart had minus 350ish points for a few moments, and then the page updated and wupti it was minus 30ish points. The minus 350 had to come from somewhere in the datastream soup, right?.  

Fri, 08/01/2014 - 13:00 | 5033426 L G Butz PhD
L G Butz PhD's picture

dude

are you okay?

Fri, 08/01/2014 - 10:14 | 5032376 Mr Pink
Mr Pink's picture

I talked to a couple people last night, one worked in emplyment services and another in construction. The woman in employment services said she has tons of jobs to fill but no one wants to work. The construction guy said the industry is having trouble finding anyone that is willing to learn a trade.

My conclusion is that 20-40 year olds are either lazy or they have figured out that the middle class are slaves in this country and have decided to drop out

Fri, 08/01/2014 - 10:45 | 5032490 lasvegaspersona
lasvegaspersona's picture

That is  not what I hear. Lots of folks wanting jobs around here.

Some truth perhaps to not wanting some kinds of work but some of that may be lack of trust in the sustainability of say construction work in an environment of hit and miss projects coming online.

OT but I'm visiting Illinois and took the kids to the Woodfield area yesterday. I had a $30 purchase and the guy says 'that'll be $37'...yep 14% sales tax...they  don't call it Crook County for nothing....14%...yikes!!

Fri, 08/01/2014 - 16:27 | 5034673 pasttense
pasttense's picture

So you missed math class? $7 tax on a $30  purchase is 23%+

 

Fri, 08/01/2014 - 11:22 | 5032710 Metalredneck
Metalredneck's picture

Consider yourself an artist, drawing welfare.

Fri, 08/01/2014 - 09:24 | 5032173 LawsofPhysics
LawsofPhysics's picture

What do you expect with absolutely no yield on savings?  Duh.

Encouraging bad behavior catches up with you, eventually...

Fri, 08/01/2014 - 10:10 | 5032355 Eirik Magnus Larssen
Eirik Magnus Larssen's picture

Precisely.

Fri, 08/01/2014 - 09:23 | 5032174 DOT
DOT's picture

Where has the real money gone?

Fri, 08/01/2014 - 09:25 | 5032176 LawsofPhysics
LawsofPhysics's picture

That's what germany wants to know too.

Fri, 08/01/2014 - 09:45 | 5032250 GetZeeGold
GetZeeGold's picture

 

 

So Germany just walks into the vault and takes their gold home. How hard can it be?

 

If the Fed is a tad short....I would point out it's on sale today.

Fri, 08/01/2014 - 10:04 | 5032327 Long-John-Silver
Long-John-Silver's picture

I would point out it's on sale today.

And what a sale it is! You can buy it below what it costs to dig it out of the ground.

Fri, 08/01/2014 - 11:40 | 5032827 Harbanger
Harbanger's picture

I would remind you that Germanys Central Bank needed and took a bailout from the Fed.  They sold their Gold for fiat bitchez, you can't get a refund.

Fri, 08/01/2014 - 09:24 | 5032177 pods
pods's picture

Eeek, the 25-54 is the group that is most likely to hit what they aim at.

Mr. Yellen, better make this next one a double.

pods

Fri, 08/01/2014 - 09:29 | 5032195 NoDebt
NoDebt's picture

And they're the ones expected to pay for the trillions in unfunded liabilities coming due over the next couple decades.  God help us all.

Fri, 08/01/2014 - 10:01 | 5032312 what's that smell
what's that smell's picture

"I'll give up my job when you pry it from my cold, dead hands": baby boomers (unable to retire because they've been windsurfing on the future's credit card).

Fri, 08/01/2014 - 10:49 | 5032505 lasvegaspersona
lasvegaspersona's picture

Boomers are first in line to get screwed...only 3 years worth are at retirement age. Some over 66 are still working. I doubt most will see a return on the 50 years of SS tax they have paid at 15.2%....bitch about them AFTER they get paid.

Fri, 08/01/2014 - 09:33 | 5032212 Shizzmoney
Shizzmoney's picture

The 18-35 demo is surely expendable.  I know, lets start a war!  That will employ people real quick!

Fri, 08/01/2014 - 09:44 | 5032256 Dr. Richard Head
Dr. Richard Head's picture

When I was an executive recruiter from 2000-2007, there were articles everywhere talking about the "unprecedented" lack of labor due to baby boomers retiring.  Thankfully the banksters fixed that problem.  /sarc

 

Fri, 08/01/2014 - 11:17 | 5032687 NotApplicable
NotApplicable's picture

The only wide-open career path for them is to become professional gamers, as nearly everyone over 50 cannot be competitive.

I find it fascinating to see arena's packed with kids watching other kids play video games (or watching it over a net stream on Twitch). Some of these tournaments have had over 30 million viewers.

Mom's basement is gonna be the new office.

Fri, 08/01/2014 - 11:18 | 5032692 PT
PT's picture

and "By the time you get there, most people will be retiring at age 55."  - Popular propaganda propagated by MSM and superannuation salesmen after superannuation was made compulsory in my country approx. 20 years ago.

Not that I believed them.  The instant super was made compulsory, I knew we were screwed.  The first generation to get HECS loans gets to retire early???  Yeah, right.

As for why the oldies keep working, they're cheaper.  They've already paid off the house and the kids have grown up and left home (errr, and come back home again - that stuffs up that theory) so they can live on less money.  They're quite happy to work part - time because they don't need that much money anyway.  Plus they don't have to learn how to use your proprietary equipment because they've spent the last 40 years using it.

Fri, 08/01/2014 - 09:36 | 5032220 GubbermintWorker
GubbermintWorker's picture

Fuckin' A right Sonny! And we bought plenty of ammo when it was cheap!

Fri, 08/01/2014 - 09:25 | 5032179 augustusgloop
augustusgloop's picture

oldsters will work for a can of wet catfood

Fri, 08/01/2014 - 09:31 | 5032204 Winston Churchill
Winston Churchill's picture

Ebola and strontium 90 have been known to reduce demand.

If you needed any more proof of what TPTB have planned for us, you deserve

whats coming.They are out to kill us on multiple fronts.

Allowing in ebola patients should have everyone going apeshit , nary a word.

We sitting meekly in the cattle cars, on the fast train to hell.

 

 

Fri, 08/01/2014 - 09:39 | 5032231 LawsofPhysics
LawsofPhysics's picture

Actually knew several people at the USDA and CDC labs in and around Atlanta.  Far nastier shit has been worked with there for a very long time.  Remember one guy telling me about the time they were working with a 100% fatal bird virus and then realize that someone had forget to put the sepa filters back in the hoods.  Shut the place down for a day, but not a word to the public.

 

Same as it ever was.  As a young ARMY AMEDD officier we had the pleasure of incinerating a building at Fort Detrick along with everything and everybody in it.

 

They don't call it the "bleeding edge" of technology for nothing.  Come on Winston, I know you know this.  Christ, just think of all the pilots we sacrificed simply trying to go supersonic.  It's always "for the greater good".  Get with the program.

Fri, 08/01/2014 - 09:41 | 5032237 GubbermintWorker
GubbermintWorker's picture

Yeah Winston, don't believe the hype. Ebola is NOT air borne like a lot of the really nasty stuff is.

Fri, 08/01/2014 - 09:48 | 5032276 Winston Churchill
Winston Churchill's picture

Open question.The more cases, the more opportunity for it to mutate into aerosol transmission.

And it is airborne via fly vectors in its present(old)form.

This is demonstration of  US hubris again, by bringing it here.Pride before the fall.

Dumb as shit IMO

Fri, 08/01/2014 - 09:52 | 5032287 LawsofPhysics
LawsofPhysics's picture

"This is demonstration of  US hubris again, by bringing it here." -  It's been here for quite some time, and it's not the nastiest thing we have been working with from the standpoint of transmission rate, fatality rate, or mutation rate.

Fri, 08/01/2014 - 10:06 | 5032342 corporatewhore
corporatewhore's picture

what difference does it make?

HRH Hillary Clinton

Unfortunately, I keep remembering the adage "no good deed goes unpunished" , "this time it's different" and Murphy's Law "what can go wrong will".

Fri, 08/01/2014 - 09:40 | 5032182 buzzsaw99
buzzsaw99's picture

The biggest winner? Old workers, those aged 55 and over...

Yeah, I've noted quite a few of those "winners" lately. Many here relentlessly proclaim the worthlessness of clownbux but the only difference between a future that looks like the picture or one poolside with a drink in my hand IS CLOWNBUX.

Fri, 08/01/2014 - 09:27 | 5032189 101 years and c...
101 years and counting's picture

shocker. steal the boomers' "wealth" during the 2000 and 2007 equity bubble crashes and now they have no money for retirement.  forcing those 25-54 to wait for the tens of millions of boomers to die....or retire at 80.  good job alan and ben at fucking an entire generation that actually worked hard their entire lives.

Fri, 08/01/2014 - 11:38 | 5032815 Agent P
Agent P's picture

Boomers all across the country are pulling a Brett Favre and un-retiring. 

 

Fri, 08/01/2014 - 09:33 | 5032211 yogibear
yogibear's picture

Keep raising the caps and allow more H1b's to replace those old WM door greeters. WMs are supposed to be a dying breed. (sarc)

Fri, 08/01/2014 - 09:34 | 5032216 Latitude25
Latitude25's picture

I'm in the oldest age group and training the younger groups.  Does that mean I'm forgiven?

Fri, 08/01/2014 - 10:21 | 5032403 Bossman1967
Bossman1967's picture

feel sorry for you. these youngsters don't want to work nor have a work ethic

Fri, 08/01/2014 - 11:39 | 5032821 PT
PT's picture

No.  The ones who want to work are all unemployed while the deadbeats have jobs.  How does that happen?

"The sons of the tradies stuff around the most at trade school.  The kid doesn't know what he wants, he stuffs around, eventually his dad teaches him his trade in the hope of keeping his son off the streets and out of jail." - explained to me by an older tradesman.

Why do the good kids not get hired?  "He's got all the tickets but he doesn't know shit."  In other words, absent of any opportunity to get experience, some kid invests his own time and his own money towards trying to make himself useful in this world and in return he gets a smack in the head.  Some shit you just have to learn on the job.  Sons of tradies pick this up from their dads.  Other kids never get the opportunity.  But the bosses will deliberately bypass the good kids and hire the dead beats.  There are good kids out there, but you do have to invest a day or two in showing them what they could not find for themselves.

It's a similar situation to the women who complain "there are no good men out there" when the fact is that they are only attracted to confidence i.e. men who are already rooting ten different women.  Girly gets all surprised that her boyfriend roots around.  She wasn't attracted to the faithful men because they looked too weak.

Fri, 08/01/2014 - 11:51 | 5032913 PT
PT's picture

True story:  One of my apprentices had never done wood work or metal work at school.  Through some bizarre school stuff-up, he missed out and ended up doing extra cooking and sewing classes instead.  Bottom line is, you told him what to do and he did it.  If he didn't know what to do, he asked questions.  He was a good worker.  Now he's a tradesman.

Fri, 08/01/2014 - 09:36 | 5032222 BurningFuld
BurningFuld's picture

Fuck I hate Walmart. That guy in the picture WAS an independent business man and Walmart came along and ruined his business by using slave labor and a government subsidized work force. Then went on to help out the local community by sucking every bit of profit out of it and sending it to the Walton family.

(ie. When the old guy had his business the taxes he paid were going towards putting him out of business.)

Fri, 08/01/2014 - 10:36 | 5032445 givenoquarter
givenoquarter's picture

Old GUY? Its name is "Christy" according to the name tag. I assume it is either the ugliest woman ever recorded other than Hillary or the oldest pre-op trannie on record. 

On a serous note, I agree with you. Support local small business!

Fri, 08/01/2014 - 10:47 | 5032499 The Most Intere...
The Most Interesting Frog in the World's picture

I can spot a sugar daddy a mile away.  Christy, that's his 19 year old bitch sittin' at home smokin pot and playing video games till daddy gets home and gives her some lovin'.

Fri, 08/01/2014 - 11:28 | 5032744 Emergency Ward
Emergency Ward's picture

Either that or judging from the smile on his face, there is a hot young Christy waiting for him in the stockroom.  Her name tag says Charlie.

Fri, 08/01/2014 - 11:25 | 5032723 NotApplicable
NotApplicable's picture

Walmart, et al. are merely symptoms of the real problem, massive expansion of the monetary base by the Fed.

Without access to easy money WM would've not have had the capacity to become the retailer of last resort.

If you had Greenspan/Bernanke/Yellen's Magic Checkbook, what business couldn't you undermine?

Honest work simply cannot compete in this system, as ALL productivity is being replaced with financialization of the corps in a massive wealth transfer to those nearest the Fed. You either play ball or die as rising input costs consume your business (ala "Mom & Pop").

Fri, 08/01/2014 - 09:38 | 5032230 Cognitive Dissonance
Cognitive Dissonance's picture

"Screw the future. Now is all I'm interested in." - Mama Yellen

Fri, 08/01/2014 - 09:42 | 5032242 Eyeroller
Eyeroller's picture

Well, there's some sort of Karma going on, seeing that the majority of those below 25 voted for Teflon Barry.

Fri, 08/01/2014 - 10:19 | 5032395 Bossman1967
Bossman1967's picture

and they are getting what they deserve. how they like the hope of a job and the change in thier parents pocket. fuck them

Fri, 08/01/2014 - 11:27 | 5032737 NotApplicable
NotApplicable's picture

Not when you consider their alternative was Mittens. The only logical voter is a non-voter.

The real Karma comes into play when one notices the correlation between higher-education (via student loan debt) and voting participation. The more indebted they become, the more they feel the need to vote for their own increasing enslavement.

Fri, 08/01/2014 - 12:16 | 5033089 PT
PT's picture

Very easy to rig voting.  One polly promises to skin you alive, the other one promises he won't.  Everyone votes for the latter guy even though they know he is a liar because the last thing they want to hear is, "Of course you want it.  You voted for it!!!!"

Using this very simple method, all elections are rigged.

Fri, 08/01/2014 - 09:43 | 5032249 Bill of Rights
Fri, 08/01/2014 - 09:54 | 5032291 Bill of Rights
Bill of Rights's picture
  • Prior 56.3
  • Employment 51.2 vs 52.1 flash and 54.0 prior
  • Output 59.7 vs 60.4 flash and 61.0 prior
  • New orders 59.5 vs 59.8 flash and 61.2 in June

Markit final July U.S. manufacturing PMI 55.8

That’s quite a hefty revision for data that was only flashed a week or so ago

Fri, 08/01/2014 - 09:55 | 5032293 Kreditanstalt
Kreditanstalt's picture

Could be that no one is retiring: everyone just keeps on working and those with most seniority, experience, etc., are least likely to get laid off...thus age-heavy employment profile.

Fri, 08/01/2014 - 11:32 | 5032762 NotApplicable
NotApplicable's picture

I know several people eligible to retire with a full pension, yet won't do it for two reasons.

1. Inflation overall

2. More specifically, inflation in "healthcare" costs (one of the most critical areas for retirees)

The ones that do retire do so in order to take another job providing insurance, so they can draw two checks without fearing "bankruptcy by hospital" any day.

Sat, 08/02/2014 - 00:12 | 5036601 PT
PT's picture

Part-time work is an excellent compromise for some oldsters.  Pays better than the pension but you still get extra days off.

Fri, 08/01/2014 - 10:00 | 5032310 tarsubil
tarsubil's picture

Boomers win again. Their kids? Pretty much fucked. If only we'd apologize for being bad kids and so selfish...

Fri, 08/01/2014 - 10:02 | 5032320 corporatewhore
corporatewhore's picture

and the salary paid is soooooo   excellent.... $8 per hour

Fri, 08/01/2014 - 11:34 | 5032779 NotApplicable
NotApplicable's picture

Medical costs will clean out the majority of Boomers if their unhealthy asses live long enough. Also, given many of them still carry a mortgage, not even Fonzi can save them.

Fri, 08/01/2014 - 10:03 | 5032333 NEOSERF
NEOSERF's picture

As we head to a gerontolic service economy, who would you rather manage, an aging baby boomer who follows orders, has a mortgage and doesn't sit on his iphone all day or an apathetic kid who lives in the parents basement and just needs enough money for beer and the next xbox?

Fri, 08/01/2014 - 10:29 | 5032420 Accounting101
Accounting101's picture

"These damn kids today! Spending all their time on that abacus thing. They just don't understand the value of hardwork."
- Hammurabi 1792 BC

Come on man! Keep your eye on the fucking ball. 16-24 year olds are not our economic enemies. These kids didn't bailout the big banks and financial services industry in the amount of $23 trillion since 2008 after those entities destroyed the world economy.

Fri, 08/01/2014 - 12:16 | 5033102 Otto Zitte
Otto Zitte's picture

That kid will be an immigrant with straight As, the government of whose country of origin (if hoodrat, their gang) taught them to sincrerely hate you for their problems, who talks a great game but hasn't been off training wheels, and will sue your rayciss business at the first indication that you expect them to produce results. MWAHAHAHAHA

Fri, 08/01/2014 - 10:09 | 5032354 SilverMoneyBags
SilverMoneyBags's picture

Is this because every month more people are entering that age bracket?

Fri, 08/01/2014 - 10:23 | 5032406 Bossman1967
Bossman1967's picture

no

Fri, 08/01/2014 - 11:37 | 5032806 NotApplicable
NotApplicable's picture

More like yes and no. 50-54 is the largest segment of the population.

http://www.indexmundi.com/united_states/age_structure.html

People are obviously working longer though.

Fri, 08/01/2014 - 11:12 | 5032640 DR
DR's picture

Household survey uses landline phones to collect data. Who the hell under the age of 50 owns a landline?

Fri, 08/01/2014 - 11:40 | 5032836 NotApplicable
NotApplicable's picture

My kids make fun of me for still having one, while I make fun of them for being stupid enough to own an NSA tracking device. Since we have DSL, there's no benefit to dropping it, and work demands I have a phone number.

By the time I reach 100, I plan on being the last person on the planet without a cell phone.

Fri, 08/01/2014 - 12:19 | 5033120 fleur de lis
fleur de lis's picture

So they can't collect information via landlines? That's good but I thought they've had everything rigged for a long time.

Fri, 08/01/2014 - 10:14 | 5032380 Bossman1967
Bossman1967's picture

I'm 46 and decided to sell my business and not participate in this joke of an economy. my family will enjoy what time is left before it hits the fan. when it's done and time to rebuild this country then I will be rested and so bored that I will look forward to doing what will need to be done.
you ask why well: got tired of buying able bodied peoples food, strip clubs and pot. while nobody did anything about it. I was a 14 hr a day producer that said fuck that!!!!!

Fri, 08/01/2014 - 10:37 | 5032449 Atomizer
Atomizer's picture

Agreed, we will rebuild after the parasites have bleed all hosts. Until then, sit back and watch the show. You're not alone in long term planning. 

Fri, 08/01/2014 - 10:46 | 5032492 Bossman1967
Bossman1967's picture

I know quite a few successful insurance men that are doing exactly that. They wanted to screw us no screw them.Hope those navigators of Obumer care work out for everyone

Fri, 08/01/2014 - 11:48 | 5032895 Village-idiot
Village-idiot's picture

Lots of little Atlases are starting to shrug. I did the same thing.

Fri, 08/01/2014 - 10:33 | 5032418 lester1
lester1's picture

Chicago housing authority is giving out $3,000 a month supervouchers for section 8 to live in luxury high rise condos.

 

Fri, 08/01/2014 - 10:32 | 5032429 q99x2
q99x2's picture

Nobody needs to be working. They need to use this time to prepare for taking down the NWO in the shortest most efficient ways possible.

FU Ben Bernanke.

Fri, 08/01/2014 - 10:34 | 5032436 PresidentCamacho
PresidentCamacho's picture

I'm now in the minority in this age bracket. I had been lucky enough to have professional employment but be an "independent contractor" so I was able to write off 100% of what I made. They just rolled me over to salary and now I may have to quit my job because of obamacare and my mandated healthcare. THANKS OBAMA

Fri, 08/01/2014 - 10:51 | 5032514 kw2012
kw2012's picture

You still have to pay income taxes. 

If you take all of your salary as a dividend the IRS will eventually get you. Your S Corp or whatever will also owe taxes on the dividend and you will too. And you have to pay SSI and matching SSI, plus medicaid, medicare, and unemployment taxes.

Fri, 08/01/2014 - 11:44 | 5032862 NotApplicable
NotApplicable's picture

Nobody "owes" taxes. That's fucking slave-talk.

All they've got is coercion via guns and complicit courts, neither of which puts anyone under any legitimate obligation.

Fri, 08/01/2014 - 11:53 | 5032928 PresidentCamacho
PresidentCamacho's picture

I was able to report earnings under the threshhold for filing.

Fri, 08/01/2014 - 10:39 | 5032458 autofixer
autofixer's picture

"Let's see, you take away our pensions through corrupt bankruptcy proceedures & you are shocked we keep working?  We show up on time, we do what we are told & we are exempt from the ACA and your are shocked we are hired?" - 55+ group  

Fri, 08/01/2014 - 10:42 | 5032469 financialrealist
financialrealist's picture

nothing like trading in one home buyer for 2 garage renters.

Fri, 08/01/2014 - 10:49 | 5032500 gcjohns1971
gcjohns1971's picture

Eat the young.

"Apres moi, le deluge!"

Indeed.

Maybe an EMP would be a good thing.

Fri, 08/01/2014 - 11:17 | 5032686 Ariadne
Ariadne's picture

I'm not going to transfer any of my professional experience to Obama's kids. Fuck you too massah

Fri, 08/01/2014 - 10:52 | 5032520 22winmag
22winmag's picture

If you ran a farm like this (taking extra care of old plants and disregarding the young seedlings) you would have a barren wasteland in a few years.

 

Then again, that's the program here, isn't it?

Fri, 08/01/2014 - 12:25 | 5033133 PrecipiceWatching
PrecipiceWatching's picture

"Taking care of old plants" = I'm entitled to the money I've paid in over the years.

 

No more. No less.

 

That's all I want, and by this I am most certainly NOT "disregarding the young seedlings".

 

 

Fri, 08/01/2014 - 10:58 | 5032550 joak
joak's picture

Poor Christy, dressed like a boy scout with this jacket full of badges and silly sentences, who deserves probably better than this, at 85 or sth. I don't know what is more humiliating, this or welfare.

Fri, 08/01/2014 - 11:08 | 5032618 Hindenburg...Oh Man
Hindenburg...Oh Man's picture

I was watching CNBC this morning, and the CFO for Proctor and Gamble dropped the fact that they had 1 million applications for 3,000 jobs. 1 million apps for 3-thousand-fucking jobs. That's your job market.

Fri, 08/01/2014 - 11:16 | 5032680 Ariadne
Ariadne's picture

1 million muppet army. Fucking pussies should be out robbing banks and hunting politicians.

Fri, 08/01/2014 - 11:46 | 5032885 NotApplicable
NotApplicable's picture

I see 150+ applications for a low-pay, entry-level job all the time.

Fri, 08/01/2014 - 11:11 | 5032638 insanelysane
insanelysane's picture

True story.  We had this person start a job last week.  Person had been out of work for over 2 years but they decided to hire them.  End of last week they quit and said they were taking a better job.  During the interviews they said they had been interviewing at other places so it wasn't unusual.  Yesterday, HR person flags me down.  Apparently HR got a call from unemployment office asking why we let person go after a week of work.  LOL

Also, we were told by HR not to email people submitting applications, only call them which is a hassle.  But HR has seen an uptick in no follow up from potential candidates after the email because they use the email to show unemployment office they are "looking" for work but just can't get hired.

Fri, 08/01/2014 - 11:12 | 5032649 Ariadne
Ariadne's picture

We're sorry. We borrowed 96 trillion dollars and lost your savings and pensions, and now you're going to have to pay it back. 

Fri, 08/01/2014 - 11:26 | 5032727 bid the soldier...
bid the soldiers shoot's picture

 

 

OLD WORKERS RULE

Fri, 08/01/2014 - 11:45 | 5032875 Freewheelin Franklin
Freewheelin Franklin's picture

 

 

CAROUSEL!

 

RENEWAL!

 

RUNNER!

 

SANDMAN!

 

SANCTUARY!

 

It's coming. The next fad will be ageism. 

 

 

 

Fri, 08/01/2014 - 12:35 | 5033268 besnook
besnook's picture

so baby boomers are the last generation of americans with a work ethic. i quit employing people 15 years ago partly because trading allowed me to make money without the hassle of dealing with the ghetto work ethic of gen x. i joke that my management style is called "you are fucking useless" because i had a habit of muttering that phrase under my breath before i let someone go. my wife was told by admin that her standards are too high because the new trainee nurses were complaining that she expected too much from them. fucking useless, they are.

Fri, 08/01/2014 - 12:59 | 5033422 plane jain
plane jain's picture

I think you may be confusing Gen X with the Millenials.  

As a kid the '70s were kind of awesome.  We didn't have video games.  Cartoons were only on Saturday morning.  Had to do chores (dishes, laundry, mow, rake leaves, take out the trash).  If you were hungry and mom didn't just cook something then you better get in the kitchen and figure it out.  Parents weren't so paranoid and we ran the neighborhood. Walked to school. Hell, most days your parents would send you out the door and say don't come back 'til dinner.

So us '70s kids learned to be independent and how to work.

It was in the '80s that cable tv, video games, helicopter parents, and soccer moms all got started.  And a lot of divorce too with parents trying to "win" the children, not wanting to be the bad guy, buying the kids stuff.

Fri, 08/01/2014 - 15:05 | 5034188 theyjustcantstop
theyjustcantstop's picture

yes their are some older americans, ( maybe americans ), that may need to apoligize for americas national debt, but there are many that don't, and besides the national debt is, but not known, or realized by the large majority of americans, the least of the future, ( maybe ), of americas financal exsistence.

theres the big divide pushed by certain political ideoligist that the older americans are responsible for all labor, and debt problems of america, but peoiple who've been on entitltements, some going into their 4th generation, and many, many who illegally obtain entitlements are never metioned.

when you've worked for 40 yrs., and paid into govt. entitlements the whole time, you're entitled to what is owed to you by the govt., but the vast majority of americans people don't know the difference between entitlements, and laws.

the govt. could shut off the ebt card computers today legally, govt. could stop all s.s. checks, all medicare, and medicaid payments, housing, energy assistance, and a hundred other entitlements today, legally.

would that change the importance of laws, ideolgical politics, corporatism, and the fed. in americas finacial conversations?

i'm one of those older americans, i'll apoligize for one thing, not following up on pres. Reagans push to abolish the dept. of education, but it's to late now, their pinnacle was reached with the election of o'bama.

since 1964 the public schools have not been teaching, they've been training generations of americans into sheep to be comfortable with, and participate in socalism, communism, globalism, entitlementism, and the nulifactions of your constitutional rights, and another one of their pinnacles is about to be reached, common-core.

all of americas problems can be traced to govt., political ideoliges, people, and entities seeking power, and the ablity to use tax-dollars to realize their goals.

 

 

Sat, 08/02/2014 - 12:16 | 5037587 FlyinHigh
FlyinHigh's picture

Hey !

I represent those graphs.

Leave me alone.

LOL

60+ years old & still working at the same thing for 40+ years & not done yet.

Now go get a job ya lazy f..k

Do NOT follow this link or you will be banned from the site!