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Bad news: Half of them were at McDonalds and unemployment rose again. Change we can believe in!  Weekly Standard Half of Last Month's New Jobs Came from a Single Employer — McDonald's 11:13 AM, Jun 3, 2011 According to the unemployment data released this morning, the economy added only 54,000 jobs, pushing the unemployment rate up to 9.1 percent. However, this report from MarketWatch suggests the data is much worse than that: McDonald’s ran a big hiring day on April 19 — after the Labor Department’s April survey for the payrolls report was conducted — in which 62,000 jobs were added. That’s not a net number, of course, and seasonal adjustment will reduce the Hamburglar impact on payrolls. (In simpler terms — restaurants always staff up for the summer; the Labor Department makes allowance for this effect.) Morgan Stanley estimates McDonald’s hiring will boost the overall number by 25,000 to 30,000. The Labor Department won’t detail an exact McDonald’s figure — they won’t identify any company they survey — but there will be data in the report to give a rough estimate. If Morgan Stanley is correct, about half of last month's job growth came from the venerable fast-food chain. That is hardly the sign of a healthy economy.
And into the forest I go, to lose my mind and find my soul.
- John Muir
#GMSTRONG
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Thank god I didn't have to stoop that low.....
I wish to wash my Irish wristwatch......
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That's positively frightening.
Micah 6:8; He has shown you, O mortal, what is good. And what does the Lord require of you? To act justly and to love mercy, and to walk humbly with your God.
John 14:19 Jesus said: Because I live, you also will live.
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Quote:
Thank god I didn't have to stoop that low.....
I have "stooped that low" (if that's what you call taking the only jobs available) and would do it again if I were in need of income to stay off the government handouts. I worked at gas stations, Rax Roast Beef and a 7-11 when I was younger. A lot of us just might be standing in line to work at McD's the way this economy's going.
And into the forest I go, to lose my mind and find my soul.
- John Muir
#GMSTRONG
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Quote:
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Thank god I didn't have to stoop that low.....
I have "stooped that low" (if that's what you call taking the only jobs available) and would do it again if I were in need of income to stay off the government handouts. I worked at gas stations, Rax Roast Beef and a 7-11 when I was younger. A lot of us just might be standing in line to work at McD's the way this economy's going.
K...
Well, I'm grateful I haven't ever had to do it.
I wish to wash my Irish wristwatch......
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Derden: be thankful for much more than that. My life story, in a nutshell:
1. First paying job in the American Market- age five: "3 Aces Moving & Transport": (I was known as Little Ace") Our family biz had a contract with the local music store. We hauled all the pianos and benches sold during the week to their respective homes on Saturday (no Sat. morning cartoons for me-). I hauled piano/organ benches, folded/organized packing blankets, greeted the housewives at the door, collected/organized the reciepts, and "collected the tips" that came from being so cute and charming when I'd greet the housewives at the door. When Uncle Babe's back gave out, we switched jobs. I was twelve when I started the heavy lifting of pianos and organs. I quit the job the weekend before I left for college. I was 6 inches taller than Uncle Babe, 3 inches taller than My Dad, but was still- "Little Ace." Best job I ever had- because I was doing it for Family.
2. Self-employed: lawn mower/landscape maintenance (age 9-18)
3. Stock Boy / Grocery Packer: Harris I.G.A. (age 15-17)
4. Fast-Food Burger Flipper/French Fry Cooker/Order Taker/ Restroom Cleaner (look up: "Kewpee Hotels, inc.")
4. Loading dock personnel: Lazarus:Federated Department Stores, Inc. Incoming/outgoing shipments, heavy lifting, will-call, store display fixits, hardware breakdowns, restroom maintenance...
5. Night Security Watchman on weekends: Duff Trucklines/main hub terminal. (I once chased off 3 ne'er-do-wells at 1:30 AM, with only a baseball bat and attitude.
6. Dish Washer... at a BGSU campus cafeteria. My (partial) scholarship didn't cover enough, My Parents were aready paying enough, so I took on the job of 'cleaning up after my classmates' to make ends meet. No big deal- considering the fact that My Father, at age 15, took on custodial chores for his High School... when his dad went A.W.O.L. during the Great Depression- and left him to be "the man of the house"- at age fifteen.
7. Refinery Days: Coke Cleaner: Standard Oil Lima Refinery: load train cars with a coal-like substabce for transport to parts unknown.... one shovel-full at a time. Power-clean the verticle 4-story cooling/storage tanks, shovel tons of spilled, black, carbonized coal-like substance into hoppers for rail transport... and change the flashing airline-alert lights at the top of the unit's superstructure (yes- I had to climb the catwalk ladder, and change 4 burnt-out signal bulbs during "Ohio's Great Bizzard of 1978." 7 stories up- with an iron framework and my wits to keep me safe.)
8. More Refinery Days: Oil Movement & Storage (OM&S): My job was to route (timed) pipeline shipments into and out of the refinery... to and from other fractionating facilities. Timing was KEY... and if you f'-ed up, millions of dollars in lost/waste product was on your head.
9. Pipefitter's assistant. Boilermaker's assistant. Electrician's assistant. Welder's assistant. Insulater's assistant. Painter's assistant. Thransportation specialist. Fractionating Lab Assistant.
10. Classical cellist: who just recently played at Carnegie Hall... despite all the other jobs he worked that he might have thought were somehow 'beneath' him.
Bottom line: A real man will do anything he needs to.... to get where he wants to. NO WORK IS TO SMALL IF A MAN WANTS TO BE HIS OWN MAN.
...and no problem/setback he encounters is too big- if he decides he's bigger than the problem/setback he faces.
trust me- I've been there... and I've fought back against lots of the same s#!t you're fighting... to get where I now am. And I want to go on past this- so The Fight continues... one day at a time.
You can do this thing... if that's what you want for yourself.
just another .02,
Clemdawg
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Ok that was a good news.... 
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Ok that was a good news....
You have hope for landing that McDonald's job?
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Legend
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Ok that was a good news....
You have hope for landing that McDonald's job?
Working at McDonalds may not be glamorus, it may not pay you enough to buy that new Bentley you have been eyeing up.. But it's honest work with wages above the minimum wage and benefits and an opportunity to grow into management if that's what you want.
Store managers at McDonalds can make 50k and up.. I don't call that bad.
But you gotta work for it. I don't find that kinda work demeaning at all.., not even a little.
Just saying...
#GMSTRONG
“Everyone is entitled to his own opinion, but not to his own facts.”
Daniel Patrick Moynahan
"Alternative facts hurt us all. Think before you blindly believe."
Damanshot
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Thank god I didn't have to stoop that low.....
An odd statement coming from a person who was just crying about not being able to find a job at all due to being a felon and was close to being sent to prison. That appears to be stooping low at it's finest.
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Quote:
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Thank god I didn't have to stoop that low.....
An odd statement coming from a person who was just crying about not being able to find a job at all due to being a felon and was close to being sent to prison. That appears to be stooping low at it's finest.
I almost responded to him the same way... kinda odd isn't it?
#GMSTRONG
“Everyone is entitled to his own opinion, but not to his own facts.”
Daniel Patrick Moynahan
"Alternative facts hurt us all. Think before you blindly believe."
Damanshot
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And scary. 
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Scary? I thought it was imposible.  Quote:
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Thank god I didn't have to stoop that low.....
An odd statement coming from a person who was just crying about not being able to find a job at all due to being a felon and was close to being sent to prison. That appears to be stooping low at it's finest.
This right there. Derden, whoever you are (and I no longer give a rat's ass): you're a fool.
But maybe I'm the fool: I thought derden was in jail, or is this his nephew posting now?
Geez, his life is a roller-coaster. 
![[Linked Image from i28.photobucket.com]](http://i28.photobucket.com/albums/c201/shadedog/mcenroe2.jpg) gmstrong -----------------
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How does the unemployment rate go up when jobs are added, regardless of how few. To show the rate went up, they need to tell us how many jobs were lost.
We don't have to agree with each other, to respect each others opinion.
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How does the unemployment rate go up when jobs are added, regardless of how few. To show the rate went up, they need to tell us how many jobs were lost.
Simple. People that have been unemployed for too long fall off the chart. The gov't. doesn't count them after they use up the unemployment benefits. Quit getting an unemployment check? Event though you don't have a job, they don't count you as unemployed.
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How does the unemployment rate go up when jobs are added, regardless of how few. To show the rate went up, they need to tell us how many jobs were lost.
Simple. People that have been unemployed for too long fall off the chart. The gov't. doesn't count them after they use up the unemployment benefits. Quit getting an unemployment check? Event though you don't have a job, they don't count you as unemployed.
Again, how does that make the rate go UP?
We don't have to agree with each other, to respect each others opinion.
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Because people enter the workforce on a daily basis.
Micah 6:8; He has shown you, O mortal, what is good. And what does the Lord require of you? To act justly and to love mercy, and to walk humbly with your God.
John 14:19 Jesus said: Because I live, you also will live.
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Because people enter the workforce on a daily basis.
" the economy added only 54,000 jobs, pushing the unemployment rate up to 9.1 percent"
The article said the unemployment rate went UP. Meaning more people are on unemployment than previously, meaning some jobs had to be lost, and by rules of math if 54k were added then more than 54k had to be lost for that rate to go up.
Unless I'm totally reading this article wrong.
Last edited by FloridaFan; 06/04/11 10:11 AM.
We don't have to agree with each other, to respect each others opinion.
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Quote:
Quote:
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How does the unemployment rate go up when jobs are added, regardless of how few. To show the rate went up, they need to tell us how lany jobs were lost.
Simple. People that have been unemployed for too long fall off the chart. The gov't. doesn't count them after they use up the unemployment benefits. Quit getting an unemployment check? Event though you don't have a job, they don't count you as unemployed.
Again, how does that make the rate go UP?
Ah - my bad. My response was about how unemployment can go down, when the number of new unemployed is, say, 100,000 and only, say, 50,000 jobs were added.
But, that's not what you were asking. Directly, that is.
To answer your question - my guess is they say "The good news is the economy added 54,000 jobs last month." But they don't say "new unemployment claims were at 150,000 last month."
It's the old "tell them the good news, make them search to find the REAL news" tactic. Kinda like the gov't. saying it cut 5% in spending - when what they really mean is "spending was forecast to go up 10% in the budget, and we cut 5% of that 10%." They can say they cut - when it's actually still an increase.
Don't look for the gov't. to tell the whole truth on any matter.
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If 200,000 people enter the workforce, but only 50,000 jobs are created, then there could be a net gain of jobs, but still more people unemployed.
If the workforce expands faster than new jobs are created, then the unemployment rate can increase.
Micah 6:8; He has shown you, O mortal, what is good. And what does the Lord require of you? To act justly and to love mercy, and to walk humbly with your God.
John 14:19 Jesus said: Because I live, you also will live.
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Quote:
Quote:
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Ok that was a good news....
You have hope for landing that McDonald's job?
Working at McDonalds may not be glamorus, it may not pay you enough to buy that new Bentley you have been eyeing up.. But it's honest work with wages above the minimum wage and benefits and an opportunity to grow into management if that's what you want.
Store managers at McDonalds can make 50k and up.. I don't call that bad.
But you gotta work for it. I don't find that kinda work demeaning at all.., not even a little.
Just saying...
I don't disagree with you at all. It just seems that McDonald's is the only place in many towns that is actually doing any hiring.
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Quote:
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How does the unemployment rate go up when jobs are added, regardless of how few. To show the rate went up, they need to tell us how many jobs were lost.
Simple. People that have been unemployed for too long fall off the chart. The gov't. doesn't count them after they use up the unemployment benefits. Quit getting an unemployment check? Event though you don't have a job, they don't count you as unemployed.
Add in the fact that lots of schools and colleges just let out for summer and you have an influx of employment age people with few jobs to show for it.
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If 200,000 people enter the workforce, but only 50,000 jobs are created, then there could be a net gain of jobs, but still more people unemployed.
If the workforce expands faster than new jobs are created, then the unemployment rate can increase.
That's it, in an eggshell. I was going to use nutshell, but I think that eggshells are more indicative of our economy than nutshells.
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Impressive. Got me thinking of my own history. Age 11 - 16: Golf caddie Age 13 - 18: Solo lawn practitioner are weed puller. Age 15 - 15: Stockboy for a figurine shop. Lasted two weeks. I hate Hummels!  Age 15 - 17: Acme bagger Age 19 - 20: Hueston Woods night front desk clerk From then on I was in B2B telecom sales, started 3 companies and now work in finance. What a long strange trip it's been! 
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I'll play:
Age 13 to 16 - cleaning offices, mowing the business yard. Had to ride bike almost 5 miles to get there, then 5 back home.
Age 12 to 16 - mowing yards. Same bike ride.
Age 16 to 19 - summer help at a rental store.
Age 19 to 22 - general labor in a wood furniture factory - sanding, staining, cutting, you name it.
(now, all of those jobs, aside from the factory) were done in summer. Often times between 2 a days in football - i.e. practice from 7:30 to 10, work from 10:30 to 3, practice from 3:30 to 5:30)
The factory job - fit it in while in college full time - with a kid, no less. In the warmer months, rode my bike to the baby sitter, rode to work, rode back to the baby sitter, etc - classes were attended whenever I had them. (graduated in 4 years, also).
Age 22 - full time in the factory.
Age 22 3/4 - worked at a computer training center.
Age 23 - designed kitchens for spec homes. Sold cabinets, helped install, etc.
Age 24 - 35 - car sales, f&i, manager at dealership.
Age 35 fired from new owner - worked at a buy here pay here place for about 3 months.
Age 35 to present - self employed.
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hmmm, lets see how far back I can go.  10-13: Mowed lawns, Shoveled snow, occasional busboy for private catered parties. 13-16: Plain Dealer Carrier (2 routes) 16-18: Busboy at restaurant 18: (moved to Florida) Forklift operator in a lumberyard 19-20: (Moved back to Ohio) CAD Operator (Draftsman) full time, Wash Dishes (nights), gas station clerk (weekends) all simultaneously. 20-23: (Moved back to Florida) Same Forklift job, also drove trucks 23-26: Sales at building supplier 26- present: Sales and IT (IT only full time 35+) Yes, surprisingly, I have been with the same company for 20+ years.
We don't have to agree with each other, to respect each others opinion.
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Dawg Talker
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Hmm...Let's see...Could be interesting...
8 - 15 - Yard mowing (summer) Snow shoveling (winter) - Yes, it was a actual job, was working for my uncle at the time. Best paying job ever! lol.
15 - 18 - Fast food and a Chuck E. Cheese style playhouse (Biddolf plaza, forget the name of the place)
18 - 22 - US Navy, Forward deployed, 7th Fleet
22-23 - Coffee house operations and Medical Transport (multiple jobs same time)
23 - present - Hotel operations and property management (Soon to add Real Estate sales when I pass my State Boards this month!)
KeysDawg
The fact that some geniuses were laughed at does not imply that all who are laughed at are geniuses. - Carl Sagan
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Quote:
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Thank god I didn't have to stoop that low.....
I have "stooped that low" (if that's what you call taking the only jobs available) and would do it again if I were in need of income to stay off the government handouts. I worked at gas stations, Rax Roast Beef and a 7-11 when I was younger. A lot of us just might be standing in line to work at McD's the way this economy's going.
Hey I can tell you that I allmost went to fill out an application at McDonalds last month. As a contractor who has gone without a paycheck now for 5 months, but a job came in. That job is done.
For 3 weeks now.
Now I must wait until the bank decides to let me have my money
This economy still stinks 
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One thing I forgot to add:
Age 18: Worked for the Akron Beacon Journal as a movie reviewer. I did an internship with them for a month on the sports desk and they asked me to stay on for the summer reviewing movies that had kid interest. Reviewed A League of their Own, Batman 2 and a few others. I still have the paystub from my last paycheck.
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If Morgan Stanley is correct, about half of last month's job growth came from the venerable fast-food chain. That is hardly the sign of a healthy economy.
Do people realize economies don't recover from catastrophic financial events quickly?
Honestly, moaning about the unemployment rate every month isn't really seeing the big picture. It's not a problem that's specific to the US. Canada, England, Germany, France, etc. etc. are all struggling with it as well, hovering in the 8-10 range. It's a GLOBAL problem, so trying to pin it on an American president seems a little silly.
The public sector shed nearly 30,000 jobs, which would be a sign of government dialing back some spending. So, eliminating jobs saves the government money but hurts unemployment figures. Kind of a lose-lose there from a PR perspective.
I don't think anyone will argue the US needs to look long and hard about trying to curb spending and eliminating entitlement programs but even those things can be a long, drawn out process. They're things that phase out over time. The low unemployment run the US sustained is more than likely a thing of the past. I would expect unemployment stays above 8% for the foreseeable future, regardless of which party sits in office.
The economy is going to go through phases where it adds jobs one month and sheds them the next. Over time, it should steady but the needle really isn't moving downward on global unemployment, so the US seems to be in line with the world job market. Obviously it would be nice if they got ahead of global recovery but there aren't any hard, fast answers.
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This is what I love ..... and I'm not necessarily aiming it at you because I don't recall how you opined during the previous administration .....
Bill Clinton was a "genius" because of the economy during his administration. (even though the turnaround started during Bush's term)
Bush was a "moron" because of the economy during his administration. (even though the market crashed at the end of Clinton's term)
Now Obama shouldn't be judged on the economy because it's "beyond his control".
Micah 6:8; He has shown you, O mortal, what is good. And what does the Lord require of you? To act justly and to love mercy, and to walk humbly with your God.
John 14:19 Jesus said: Because I live, you also will live.
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I think that when our economy starts moving again, so too will the Global economy. I do not see a return to the happy days of old, because we have lost our edge in manufacturing and we are behind in the game on new technologies and in education that must happen in conjunction with new manufacturing.
Educating the workers of the future is I think as good as any place to start and the availability for citizens of this Country should be on a level playing surface with those who come here from other Countries to realize their American dream. Citizens of this County should be given the same opportunities to realize their American dream with the same benefits as those this County has always offered to those whom were not Born American. But that would in tale thinking out of the box and a visionary from the top.
Jmho
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Your comments make sense and portray the reality. What's missing is that during the times we are in - and that you summarized - we have a President hell-bent on instituting his jobs-killing social agenda. He has bashed business at every opportunity and injected fear and uncertainty at every turn with the abomination that is Obamacare and his unquenchable desire to tax the crap out of anyone successful enough to actually need employees. Uncertainty is the death knell for business risk and growth in this country. There is always plenty of uncertainty in business. When the POTUS injects his own fiery brand of uncertainty...what did people think would happen? It's a perfect storm of the reality of a huge, long-in-the-making, wide-reaching problem coupled with a rookie Commander-In-Cheif who has not a clue about how business or the economy actually works. What did people think we would get from a 40+ year old man who - it appears - has never had a non-public and/or for-profit job in his life? A man who never governed anything meaningful until inauguration day who became POTUS? The "problem" cannot be pinned on one Administration for sure...however...this Administration has done nothing but pour gasoline on the fire...even at $4 a gallon.
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And scary.
I hear ya.,. me and you agreeing on anything is totally scary... GM has always told me that if you and I ever met, we'd get along great.. That is so hard to beleive, but I do trust GM.... 
#GMSTRONG
“Everyone is entitled to his own opinion, but not to his own facts.”
Daniel Patrick Moynahan
"Alternative facts hurt us all. Think before you blindly believe."
Damanshot
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nas is right, many are not being realistic about how quickly the economy is capable of recovering given the economic issues that face this nation.
Is the economy better today, than it was when Bush2 left office?
FOOTBALL IS NOT BASEBALL
Home of the Free, Because of the Brave...
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Do people realize economies don't recover from catastrophic financial events quickly?
Economies recover a lot quicker if you let them crash. I'm sorry but we (The US and countries around the world) have spent trillions and trillions of dollars softening the blow and dragging out this failing economy which is why 3 or 4 years in and we are still wondering if we have even hit bottom.. and when we do eventually start to come out of it, we are still facing inflation and high interest rates and a host of other problems that we created.
yebat' Putin
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Joined: Sep 2006
Posts: 14,248
Legend
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Legend
Joined: Sep 2006
Posts: 14,248 |
Quote:
Is the economy better today, than it was when Bush2 left office?
Unemployment up, housing prices down ... yet federal spending up a trillion and the deficit up something like 3.5 trillion? I'm going to go with "no".
Quote:
nas is right, many are not being realistic about how quickly the economy is capable of recovering given the economic issues that face this nation.
Was anybody realistic when Bush inherited a stock market crash and a terrorist problem?
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Joined: Sep 2006
Posts: 40,399
Legend
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Legend
Joined: Sep 2006
Posts: 40,399 |
mac also thought Bush could control gas prices by making a phone call to his "oil buddies"... now we need to be patient and realistic.  The list of things mac doesn't understand is too long to list.. like who was at the bottom of the mortgage collapse...
yebat' Putin
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Joined: Sep 2006
Posts: 40,399
Legend
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Legend
Joined: Sep 2006
Posts: 40,399 |
Quote:
Is the economy better today, than it was when Bush2 left office?
The short answer is no but if you believe it is then let me ask you this.. if you were in debt and having trouble making your monthly payments and your income was stagnant or declining then you would be in trouble right? So if I came in and gave you 5 new credit cards, each one having a $100,000 limit and told you to spend as you wish and we'll worry about how we are going to pay it back later... then your immediate lifestyle would improve but your long term financial outlook would really be much worse... welcome to Obama's first 2 years.
yebat' Putin
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Joined: Sep 2006
Posts: 14,248
Legend
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Legend
Joined: Sep 2006
Posts: 14,248 |
More like ... you were given 5 new credit cards, you started maxing them out, and your lifestyle remained exactly the same.
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Forums DawgTalk Tailgate Forum Good news: Economy adds 54,000
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