Gallup Finds Recent Job Boost Due To "Temp And Part-Time" Hiring; Underemployment Greater Than Prior Year

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Mon, 12/05/2011 - 20:13 | 1948907 lotsoffun
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nice job, bennie, timmie and bammie.  like anybody here didn't already know that.  months ago.  just need confirmation.

the new, new ecb plan - and rate cuts - they still have a bunch left to go.  stocks to the moon until next spring at earliest.

Mon, 12/05/2011 - 20:52 | 1949032 trav7777
trav7777's picture

lower rates will create new jobs.  But jobs are pointless unless they have maximum diversity...that is our greatest strength and it enabled us to become a world power.

Mon, 12/05/2011 - 20:58 | 1949054 Cheesy Bastard
Cheesy Bastard's picture

+1.  Funny.

Tue, 12/06/2011 - 00:24 | 1949745 AldousHuxley
AldousHuxley's picture

that's what war is for. to enroll the unemployeed to kill some folks before getting killed themselves. population control coming to neighborhood near you.

 

Why don't government create Bureau of Bankster Investigations and hire college educated kids to investigate and find proof of wrongdoing of banksters and other elites to rid of corruption in the system.

Tue, 12/06/2011 - 02:20 | 1949985 VyseLegendaire
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"Why don't government create Bureau of Bankster Investigations and hire college educated kids to investigate and find proof of wrongdoing of banksters and other elites to rid of corruption in the system."

 

Oh you

Mon, 12/05/2011 - 20:15 | 1948914 Rainman
Rainman's picture

Well, Japan's underemployment is 33%, so we have upside potential galore

Mon, 12/05/2011 - 20:35 | 1948988 Carlyle Groupie
Carlyle Groupie's picture

Even thought Japan has become irrelevant in the face of China. One must respect the shear volume of US Patents that they own.

If I were the top muckity muck in Japan I'd turn that fucker into a huge think tank.

I've worked on a few uC firmware projects with Japanese engineers and I can say without exaggeration that they were very knowledgeable. Very much so!

Specialize bitchez!

Mon, 12/05/2011 - 20:18 | 1948926 Corn1945
Corn1945's picture

There is an explosion of temp agencies. These things are everywhere now. 

Mon, 12/05/2011 - 20:24 | 1948950 blu
blu's picture

You'll know we're way down the rabbit hole when ZH replaces RanSquawk in the sidebar with a LinkedIn feed.

Mon, 12/05/2011 - 20:57 | 1949045 Nobody special
Nobody special's picture

Dude, that's not a bad idea.  How 'bout a Tweet This function to match?  Digg it, Reddit, StumbleUpon... my how the possibilities shine.

Unfortunately, I doubt even the powerful ZeroHedge could get away with such networking tools for long.  The traffic and attention drawn to this site would be astounding.  TPTB would not sit idle while the world was educated in such a rapid fashion.

Mon, 12/05/2011 - 20:26 | 1948962 johnu78
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They're poisonous mushrooms!

 

-John
http://johnu78.blogspot.com/p/items-for-sale.html

Mon, 12/05/2011 - 21:30 | 1949195 sgt_doom
sgt_doom's picture

Corn1945, your comments should be taken as relative to the context:  back in 2003, the largest temp agency in America, Manpower, closed 1,000 offices throughout the country, and opened up 1,000 offices in China.

Everything is relative, my dear chum.....

Tue, 12/06/2011 - 00:26 | 1949751 AldousHuxley
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kids these days need 5 yrs of experience + MBA to get hired by temp agencies...namely, McKinsey, Bain, Boston Consulting Group.

 

becuase profitability is greatest when labor is disposable.

Mon, 12/05/2011 - 20:19 | 1948934 Iliketurtles
Iliketurtles's picture

I have full confidence in Obama, I just increased my long positions on groupon and blackberry. Unemployment went down that is all I need to know.

Mon, 12/05/2011 - 20:28 | 1948965 Everybodys All ...
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Blackberry? Huh.  Long Blackberry are ya? Got a symbol on that one my little shady trade. Under employment went up another one.

Tue, 12/06/2011 - 00:44 | 1949790 A Nanny Moose
A Nanny Moose's picture

I think it is a reference to The O'Bamabot's much ballyhooed use of the latter.

Mon, 12/05/2011 - 20:22 | 1948944 blu
blu's picture

Shocking.

Why, it's almost as if someone deliberately lied to us.

Mon, 12/05/2011 - 20:25 | 1948951 Soda Popinski
Soda Popinski's picture

President Barry S. will encourage the BLS to have numbers that show 6% unemployment by next fall.

Mon, 12/05/2011 - 20:26 | 1948961 lizzy36
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Outsourcing is everywhere.

Learn the word "teleradiology". Whereby some for profit hospitals in the US are sending your x-rays via the internet to a radiologist in India (average salary $35k a year) to be read. 

Mind you the only way Yanks will finally wake up to the plague of "corporatism" is when eating is finally outsourced to India or China.

Mon, 12/05/2011 - 20:29 | 1948973 Rainman
Rainman's picture

outstanding

Mon, 12/05/2011 - 20:47 | 1949015 JustObserving
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Already happened - in case you missed it, here it is again:

 

US hunger rate triple that in China By Patrick Martin
17 October 2011

American workers are now three times more likely than Chinese workers to lack the means of feeding their families, according to a startling new report from the Gallup organization. The polling group found that 19 percent of Americans worried about being able to feed themselves or their families, compared to only 6 percent of Chinese.

The Gallup finding showed a near reversal in the proportions of American and Chinese workers at risk of hunger over the past three years, an indication of the shattering impact of the economic slump brought on by the 2008 Wall Street financial crash. In 2008, 16 percent of Chinese said they at times lacked the money to put food on the table, compared to 9 percent of Americans.

http://www.wsws.org/articles/2011/oct2011/hung-o17.shtml

 

Mon, 12/05/2011 - 20:54 | 1949041 trav7777
trav7777's picture

total fuckin nonsense

Mon, 12/05/2011 - 23:42 | 1949638 lawton2
lawton2's picture

Total BS the poor in the US goes to food banks mostly for free food and trades food stamps for cash/drugs etc...

Tue, 12/06/2011 - 00:31 | 1949763 AldousHuxley
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why do you need a human to do a machine's job?

 

AI security software can replace most of the radiologists in the world.

 

In fact, if you ever go get your eyes checked, the doctor will manually test your vision, but there already is a machine that can determine your vision Rx.

 

Medicine is one of world's oldest cartels. They are experts in lobbying.

 

More money should go into medical research not human mechanics.

Mon, 12/05/2011 - 20:27 | 1948963 nmewn
nmewn's picture

Greenshits!!!

Mon, 12/05/2011 - 20:54 | 1949040 Cheesy Bastard
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Soylent Greenshits?

Mon, 12/05/2011 - 20:27 | 1948964 Caviar Emptor
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Sen. Jon Kyl announced Monday what it will really take to extend a payroll tax holiday for the middle class: an extension of tax breaks for the wealthy.

The Arizona Republican, taking to the Senate floor after Democrats proposed a 1.9 percent surtax on income above $1 million to pay for the payroll tax break, argued that the tax cut didn't work. But, he said, he'd still support its extension if the wealthy keep their breaks, too.

http://www.huffingtonpost.com/2011/12/05/payroll-tax-cut-jon-kyl-tax-hos...

Mon, 12/05/2011 - 20:45 | 1949011 blu
blu's picture

Well at least the guy had guts, coming out like that.

And we'll be seeing a lot more of his guts after the rioting mob is finished with him.

Mon, 12/05/2011 - 20:50 | 1949024 nmewn
nmewn's picture

FICA tax holiday I assume.

Can someone tell me exactly why they can't find any spending to cut in order to make the FICA tax cut permanent seeing as how twenty year olds paying in today will never see a dime of it back?

Current government spending levels are the only sacred cow in DC? I have not forgot the fucking pork barrel bullshit from just two-three years ago.

400 billion in debt in one whack...poof! 

Mon, 12/05/2011 - 20:56 | 1949047 trav7777
trav7777's picture

EXACTLY...why the fuck is their answer ALWAYS MORE FUCKING TAXES?

What, we can't LIVE anymore on a fucking $2T budget?  END THE FUCKING WARS

Mon, 12/05/2011 - 22:24 | 1949366 nmewn
nmewn's picture

It never ceases to amaze me trav.

There is shit to cut everywhere...but they want the size of the government pie to remain the same. Thats extracted from the economy...from earnings...wages.

There was actually some boneheaded ass wipe congressman (you know which flavor) on the other day saying government spending can't be cut at this "critical time" because it will decrease employment even further.

I could just fucking scream.

Mon, 12/05/2011 - 20:28 | 1948966 Shizzmoney
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The temp agencies who are doing well are the chop shops, too.  The ones who nit on benefits and pay as the monetary belt gets tighter..

Mon, 12/05/2011 - 20:28 | 1948967 Troll Magnet
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seasonal numbers.  retailers staffed up to dump their shit just in time for christmas.  anyone surprised?

Mon, 12/05/2011 - 20:29 | 1948972 lotsoffun
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i was looking at one of the online dutch newspapers late last week.  i guess the translation was - 'obviously no more need for hope, that's taken care of.  if you want to know what changed - just fill in - 'change is ...'.  and for this years' campaign, they expect bammie will be campaigning on  'love is ...'.  starting to look a little orwellian.  i think they were being sarcastic.

 

 

 

Mon, 12/05/2011 - 20:41 | 1948976 Whoa Dammit
Whoa Dammit's picture

"Get a job", as spouted by the MSM, when there are no jobs is the modern day version of what "Let them eat cake" was when there was no food.

Tue, 12/06/2011 - 03:13 | 1950071 batterycharged
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The beauty to the economy pumpers of 120,000 part-time, temp jobs is that in 1 month they won't appear on the weekly unemployment claims number....because they won't qualify for unemployment.

So 120,000 jobs in the MSM, here today....quietly gone tomorrow.

Mon, 12/05/2011 - 20:32 | 1948979 yogibear
yogibear's picture

Who cares? The lies and mis-information helped to juice the markets. Isn't that what it's all about? Traders have a hard time if there aren't big swings in the market.  How about much more ranges? Up 1,000 points, down 1,000?  It's a beautiful thing for traders and the bots (HFTs). More massive swings please.

Mon, 12/05/2011 - 20:33 | 1948981 Forgiven
Forgiven's picture

I just think they like to see their names in lights.

Mon, 12/05/2011 - 20:40 | 1949001 yogibear
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Greenspan said overseas outsourcing of jobs was good. The Federal Reserve's idea is to financialize everything. Don't do any actual work. Just pay someone $10/day in China and collect the profits from the huge margin of profit in the cost of manufacturing vs the sale price.

Mon, 12/05/2011 - 20:47 | 1949019 Whoa Dammit
Whoa Dammit's picture

Outsource the Fed.

Mon, 12/05/2011 - 20:57 | 1949051 blu
blu's picture

Even simpler, leave monetary policy decisions to a bunch of chimps. Their track record throwing random shit at a target will be every bit as good as what is issuing from the halls of elite genius now working on the problem.

And our expectations will be suitably adjusted as a result.

Tue, 12/06/2011 - 00:52 | 1949807 AldousHuxley
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doesn't that tell you something about da FED?

 

PhD perfect SAT brains are not idiots to get worse results than chimps....so what gives?

 

It is intentional ....by design....controlled

Mon, 12/05/2011 - 21:10 | 1949104 Caviar Emptor
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In the future, you'll be hired for 15 minutes - Andy Warhol

Mon, 12/05/2011 - 21:10 | 1949106 Kaiser Sousa
Kaiser Sousa's picture

this is bullish right??

Dow 36,000...

ritchez bitchez!!!

christ almighty....pass me my Silver....

Mon, 12/05/2011 - 21:19 | 1949147 youngman
youngman's picture

and CNBC had an Economists on that said we should raise the minimum wage.......lol.....

And Cramer was spewing about the cash under the table market as the big growth industry...

When I was a kid they were called Hobo´s..they would travel the rails...from town to town..and try to find day jobs...

Mon, 12/05/2011 - 21:30 | 1949192 Stevious
Stevious's picture

I'm an unemployed RN, an Occupational Nursing Specialist.  I lost my job when my company closed. 

Since then I've found three ideal jobs--my qualifications and certifications match exactly.

But there's one problem.

Each job in 2007 was a full-time benefited position.

Today each of these jobs are part-time, and too far to commute.

Since I can't sell my house (nobody to sell to) I could afford to take one of these distant jobs by renting an apartment--but not if it's only part-time.

And so I stay unemployed.

In five years a full-time job with decent benefits will become a "wives tale".

Tue, 12/06/2011 - 03:21 | 1950079 batterycharged
batterycharged's picture

There was an employer railing on the unemployed in a local paper because he said no one qualified was applying to his $8/hr job.

He said it was a very easy job and wondered "where were all the desperate unemployed people?".

Problem was, his location was 80 miles outside of most populated areas in the city. At $8/hr, after tax, you're working your first 2 hours for gas, not to mention the miles put on your car.

Mon, 12/05/2011 - 21:33 | 1949203 non_anon
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I'm still looking for those greenshoots joey was bragging about a few years back

Mon, 12/05/2011 - 21:59 | 1949296 bnbdnb
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Structural. Move along.

Mon, 12/05/2011 - 22:02 | 1949307 UGrev
UGrev's picture

This article could be started with the current title, supported by the chart only, and ended with the following phrase: "NO FUCKING SHIT!!!..REALLY?"

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