| HOW TO GET A JOB IN A DEEP RECESSION
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HOW TO GET A JOB IN A DEEP RECESSION
US Dept. of Labor - June 5, 2009
Nonfarm payroll employment fell by 345,000 in May, about half the average monthly decline for the prior 6 months, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. The unem- ployment rate continued to rise, increasing from 8.9 to 9.4 percent. Steep job losses continued in manufacturing, while declines moderated in construction and several service-providing industries. Unemployment (Household Survey Data) The number of unemployed persons increased by 787,000 to 14.5 million in May, and the unemployment rate rose to 9.4 percent. Since the start of the recession in December 2007, the number of unemployed persons has risen by 7.0 million, and the unemployment rate has grown by 4.5 percent- age points. (See table A-1.) Unemployment rates rose in May for adult men (9.8 percent), adult women (7.5 percent), whites (8.6 percent), and Hispanics (12.7 percent). The jobless rates for teenagers (22.7 percent) and blacks (14.9 percent) were little changed over the month. The unemployment rate for Asians was 6.7 percent in May, not seasonally adjusted, up from 3.8 percent a year earlier. (See tables A-1, A-2, and A-3.) Among the unemployed, the number of job losers and persons who completed temporary jobs rose by 732,000 in May to 9.5 million. This group has in- creased by 5.8 million since the start of the recession.
"Official" unemployment rose much more than expected. It is now the highest since 1982. The official unemployment rate is now approaching 10%. It does not include those who have given up on finding a job and those who have involuntarily taken only part-time work. Just to keep up with the population gains, the country needs 125,000 new jobs a month. The pain was pervasive, across almost all major sectors of the economy. The consumer is tapped out. Top-Down bailout spending has been sold as an aid to freeing up the credit market. But if people lose their jobs, the banks won't loan them money. Taxpayer money is given to the banks so that they can then charge borrowers up to 30% for their own money. The TOP-DOWN subsidies are the biggest scam ever perpetuated on the American people. They show clearly that America is not a true democracy. It is a plutocracy run by and for the very rich. Both political parties take their orders from corporate America and Wall Street. Marx would say to us now, "I told you so." For those still working, the pay squeeze has tightened. Employers now have a large army of unemployed to hire from to threaten their existing workers. "Over the last year, the average hourly pay of rank-and-file workers roughly 80 percent of the work force has risen only 3.4 percent, according to the new numbers. The average workweek has also become shorter, so the increase in weekly pay has been even smaller: only 2.8 percent. Inflation has been running at about 5 percent a year, which means that the most workers have taken an effective pay cut over the last year". (Source: http://economix.blogs.nytimes.com/2008/10/03/jobs-report-underlines-economic-decline/?hp See also http://money.cnn.com/2008/09/05/markets/stockswatch/index.htm and Robert Reich's blog. http://robertreich.blogsp This phenomemon of shrinking real hourly wages began in the 1970s. Meanwhile wealth has become more and more concentrated. Threaten higher taxes on the rich and the media crucifies you. Succeed in somehow getting legislation through the rich mans' Senate and getting higher taxes and the unpatriotic rich quickly hide their money in the Caymans, Bermuda or Switzerland. Don't look for economic justice in the US anytime soon. You have to fend for yourself. And TigerSoft will help you. r. Wall Street Bankers as Puppet-Master. That the leading Democrats caved in so quickly to the Paulson - Goldman Sachs - Bernanke bankers' bailout last Fall and without a public hearing, proves several things: 1) They, like Obama, have no back-bones and will not stand up for rank and file Americans against their Wall Street masters, 2) They can be suckered twice (the first being Bush's assurances that Iraq had nuclear weapons and was harboring Al Qida) 3) They are every bit as much the puppets of Wall Street as most Republicans. All you have to do is look at who the advisers & backers of both McCain and Obama are to see that Wall Street is the master puppeteer and Obama and McCain are both taking their swings and jabs at each other as only puppets can. Obama's pro-banker policies are very clear now. He will not order an investigation into the financial collapse. He tells us Wall Street broke no laws, without an investigation. He sets out the Federal Reserve to be the new regulator of the financial industry! They are not even a public body. They are comprised of bankers. Clearly, they did next to nothing to prevent the Collapse, even though outside economists warned them about what was about to happen. With fear on the rise, it would be well to look at 1929-1938 and 1973-1982 to see how bear markets play out. That is what our Peerless Stock Market Timing does. Each day our Peerless software gives major Buys and Sells on the general market using the DJI. The system is back-tested to 1915 Most stocks will move up and down with it. 1974 Was A Year When Distrust of Presidency Was Very High. It was the year of Nixon's impeachment. Obama seems to have the backbone of a jellyfish. So, it's up to you to make the best of this sad and bad situation. Get TigerSoft and we will help you. And make your vote in November count for something. As you know, too many jobs are being exported because of how the current Republican Administration protects corporate profits not American jobs. See - http://www.cbsnews.com/stories/2004/02/13/opinion/main600351.shtml http://www.buzzflash.com/store/reviews/572 Sadly, Obama's stance seems vague, shifty and guarded, ibutions! Obama Continues The Cover-Up The official rate of unemployment is pure malarkey. Just as the real rate of inflation is. Did you know that when you have not been working for more than 6 months, the Federal Government no longer counts you as unemployed!. You still have bills to pay. You do what millions do: You take part-time, low-paying, less paying jobs. You drop your health insurance and stop going to the Doctors for checkups! Real wages, are a better measure of the real state of jobs in the US. Recent numbers are not available. They are too embarrassing! But despite big increases in productivity, real wages have been declining since 1973. http://blogs.wsj.com/economics/2008/08/01/ " http://www.conference-board.org/economics/ConsumerConfidence.cfm June 30, 2009 The Conference Board Consumer Confidence Index, which had improved considerably in May, retreated in June. The Index now stands at 49.3 (1985=100), down from 54.8 in May. The Present Situation Index decreased to 24.8 from 29.7. The Expectations Index declined to 65.5 from 71.5 in May. The Consumer Confidence SurveyTM is based on a representative sample of 5,000 U.S. households. The monthly survey is conducted for The Conference Board by TNS. TNS is the worlds largest custom research company.
Job Outsourcing Job off-shoring and the illegal misuse of temporaries continue unabated. Anti-unions companies like Walmart, Hewlett Packard and Cannon should be investigated. But they| are not. IT outsourcing to India and now China is negatively impacting Americans with a college education now. See how a leading outsourcing company Hewitt Associates, HEW, remains in a strong uptrend despite the bear market elsewhere. 3.3 million jobs will be exported in less than 15 years, according to recent report by Forrester Research. But the sheer size of the exodus isn't what's worrying analysts the most it's the type of jobs: software development, customer service, accounting, back-office support, product development and other white collar endeavors. See - http://www.pbs.org/now/politics/outsource.html.
U.S. workers are used to seeing manufacturing jobs lost to much lower wages,
Tiger Staffing Index Shows A Bear Market.
TRADING FOR A LIVING
In May 2008, there were 3,795,400 online advertised job vacancies, a decline of 579,000 or 13.2 percent from the May 2007 level, according to The Conference Board Help-Wanted OnLine Data Series (HWOL) released today. This is the third consecutive month of declines for the nation as a whole (year-over-year). In May, there were 2.5 advertised vacancies posted online for every 100 persons in the labor force, down from a high of 2.9 in May 2007.
"May shows a slight recovery from the large April decline, but overall the number of online advertised vacancies has been on a downward trend for the past several months. The demand for labor will likely be sluggish this summer," said Gad Levanon, economist at The Conference Board. "This lackluster job outlook is clearly a contributing factor in consumer confidence shrinking to its lowest point in nearly two decades, as reported by The Conference Board Consumer Confidence Survey."
THE NATIONAL REGIONAL PICTURE
In May, 2,743,700 of the 3,795,400 unduplicated online advertised vacancies were new ads that did not appear in April, while the remainder are reposted ads from the previous month. In May, a month expected to show a seasonal increase in labor demand, the number of total online advertised vacancies increased by 145,500 or 4 percent while new ads rose by 152,200 or 6 percent from April. However, the vulnerable labor demand is clear in the May year-over-year numbers where total ads fell 13.2 percent and new ads fell 2.5 percent.
The monthly national increase in advertised vacancies between April and May '08 reflected marginal increases in ads in all nine Census regions. However, online advertised vacancies in each of the nine Census regions were below last year's May levels.
The number of advertised vacancies declined from May 2007 to May 2008 in 43 states (compared to 44 states in April 2008), and all the states experienced a slowing in the year-over-year growth rate. The April employment data released by the BLS indicates that 43 of the 50 states also experienced a slowing in their year-over-year growth rate of employment.
States where job seekers are continuing to see a large number of advertised vacancies include Alaska, Nevada and Colorado. Alaska posted 4.98 online advertised vacancies for every 100 persons in the state labor force, the highest rate in the nation. Alaska has held the number one position for nine months in a row. Nevada (4.17) and Colorado (4.14) were close behind in the number of advertised vacancies when adjusted for the size of the state labor force. Half of the top 10 states with the highest ads rate are west of the Mississippi and in addition to Alaska, Nevada and Colorado, include Arizona (3.74) and Washington (3.57). The remaining states were on the East Coast and include Delaware (3.90), Massachusetts (3.89), Maryland (3.77), Vermont (3.75) and Connecticut (3.55).
Online advertised vacancies in California, the state with the largest labor force in the nation, totaled 505,700 in May. The ad volume in California dropped by nearly 200,000 ads, 28 percent below the May 2007 level. The volume of online advertised vacancies in Texas (319,600) was down 13 percent and ads in New York (264,800) were down 16 percent from year ago levels.
1) Have You Considered Quitting Your Day Job and Trading The Stock Market.
Contrary to what you may think, this is feasible and reasonable if you have discipline
and are willing to work hard and get up before the market opens. Day trading is not needed.
Swing trading, where you hold a stock typically 3 to 50 days is, is recommended here.
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3) 1/4/2007 - "Green Companies" are now favored with crude oil up to $100.
If you use TigerSoft you can find the very strongest industries and companies.
============================ AKEENA SOLAR ================================
News 1-2-2008 Akeena Solar (nasdaq: AKNS - news - people ) soared 43.8%, or $3.49, to close at $11.45
after the solar power systems designer announced it penned a licensing agreement with Suntech Power
(nyse: STP - news - people ) to distribute its Andalay home solar panel system in Europe, Japan and Australia.
Stocks Making New Highs: 12/12/2007
A good tip for job seekers and independent recruiters is to look at the published new highs and lows.
Go to http://dynamic.nasdaq.com/asp/52weekshilow.asp?exchange=NYSE&status=HI
Make a list of the symbols and check them at Yahoo Finance to see which companies are near you and
do work in a field you may have skills in. Use http://finance.yahoo.com/
Look at the NYSE list and the NASDAQ list below to get an idea about how this works. Some
days there are a lot more than on other days. Now the stock market has "narrowed". Only
a small number of stocks are making new highs. The fact that they are making new highs means
their prospects are considered very good by investors. That means that there is a good
chance they may be hiring now, perhaps, in the near future. There is a problem, though. At this
time most of the stocks are in energy rleated industries. This is more true for the stocks making
new highs on the NYSE. If you are interested on high tech jobs, you may want to look at the
stocks on the NASDAQ making new highs. A higher percentage of NASDAQ stocks are in
high tech fields.
NYSE New Highs
Celanese Corp. 1601 West LBJ Freeway Dallas, TX 75234-6034 Phone: 972-443-4000
Web Site: http://www.celanese.com Celanese Corporation engages in the production
and sale of industrial chemicals primarily in North America, Europe, and Asia. The
company operates through four segments: Chemical Products, Technical Polymers
Ticona, Acetate Products, and Performance Products. 8900 employees.
Covance Inc. 210 Carnegie Center Princeton, NJ 08540 Phone: 609-452-4440 Fax: 609-452-4769
Web Site: http://www.covance.com Covance, Inc., a drug development services
company, provides early-stage and late-stage product development services to the
pharmaceutical, biotechnology, and medical device industries worldwide. Its early stage
development services include preclinical services, such as toxicology services, and
pharmaceutical chemistry and related services; and clinical pharmacology services,
including first-in-human trials of new pharmaceuticals. 7300 employees
DynCorp International Inc 3190 Fairview Park Drive Suite 350 Falls Church, VA 22042
Phone: 571-722-0210 Fax: 571-722-0252 Web Site: http://www.dyn-intl.com
DynCorp International, Inc., through its subsidiaries, provides defense, technical,
and government outsourced solutions worldwide. The company operates in two
segments, Government Services (GS), and Maintenance and Technical Support Services
(MTSS). 14,600 employees.
EOG Resources, Inc. 1111 Bagby Sky Lobby 2 Houston, TX 77002 Phone: 713-651-7000
Fax: 713-651-6995 Web Site: http://www.eogresources.com EOG Resources, Inc.,
together with its subsidiaries, engages in the exploration, development, production,
and marketing of natural gas and crude oil. 1,570 employees.
Flowers Foods Inc. 1919 Flowers Circle Thomasville, GA 31757 Phone: 229-226-9110 Fax: 229-225-3816
Web Site: http://www.flowersfoods.com Flowers Foods, Inc. produces and markets
bakery products in the United States. 7,800 employees.
Foundation Coal Holdings Inc. 999 Corporate Boulevard Suite 300 Linthicum Heights, MD 21090-2227
United States - Map Phone: 410-689-7500 Web Site: http://www.foundationcoal.com
Foundation Coal Holdings, Inc., through its subsidiaries, engages in the extraction, cleaning,
and sale of coal from surface and deep mines to electric utilities, steel companies, coal brokers,
and industrial users primarily in the United States. 3.150 employees.
Plains Exploration & Production Company 700 Milam Street Suite 3100 Houston, TX 77002
Phone: 713-579-6000 Fax: 713-579-6500 Web Site: http://www.pxp.com
Plains Exploration & Production Company engages in the acquisition, development,
exploitation, exploration, and production of oil and gas properties in the United States.
Triple-S Management Corp. 1441 FD Roosevelt Avenue San Juan, PR 00920 Phone: 787-749-4949
Web Site: http://www.ssspr.com Triple-S Management Corporation operates in the
insurance industry in Puerto Rico. The company, through its subsidiaries, provides health
benefits services to subscribers through contracts with hospitals, physicians, dentists,
laboratories, and other organizations; and underwrites life and accident and health insurance
policies, and the administration of annuity contracts. 2.250 employees.
Ultra Petroleum Corp. 363 North Sam Houston Parkway East Suite 1200 Houston, TX 77060
Phone: 281-876-0120 Fax: 281-876-2831 Web Site: http://www.ultrapetroleum.com
Ultra Petroleum Corp. engages in the development, production, operation, exploration,
and acquisition of oil and natural gas properties primarily in the Green River Basin, southwest
Wyoming and Bohai Bay, offshore China. 68 employees.
NASDAQ New Highs
Financial Corp. 122 West Madison Street Ottawa, IL 61350
When companies slow down or stop hiring, it shows that they
are not confident of
SQNM - Sequenom +44.8%
Links you may want to look up.