EconomPic: Productivity Down… Is this Finally the Employment Bottom?
Click through and read the article. There is an interesting series of charts on productivity.
This chart may not be as scary as you might think.
Scary or Not Scary?
Worst Home Sales Numbers Ever « naked capitalism
If you are not a regular reader of Yves Smith, you should be.
The hidden trend in the monthly jobs report — and what it means for you | paulacaligiuri.com
There is a big change on the horizon in the way we should conceive of the concept of jobs – and it is dramatically changing how job security will be created in the future. For many, jobs of the future may be more like multiple income generating activities (or gigs) where we leverage our talents and skills. Job security will no longer be derived from being employed 40 hours/week. Rather, it will be something we create for ourselves when our talents and skills are in demand.
This is a mind shift.
The emphasis of the future will be on the skills you bring, rather than the job you occupy. There will be a far greater focus on self-management of both our skills and our network, two critical components of career success. Possessing more sought-out skills and having a strong network will be related to more income opportunities, whether working for a single organization or as an independent contractor.
Perhaps we need to take a collective deep breath and realize that, while change is afoot, this free agent mentality may also come with some upsides:
- You will now have tremendous flexibility to plan and grow your own career, no longer relinquishing career management to an employer.
- You will now have the ability to craft your sources of income across multiple opportunities if this is what you chose to do.
- You will now have the opportunity to engage in a career that fits with your life – and not vice versa.
Thanks Paula. I could not have said this better myself.
On Turning a Mountain Into a Molehill | Credit Writedowns
Readers of my Scary Charts posts will note that sometimes you’ll find a chart with a link to the original article while other times you’ll find just the link.
If all you see is a link, I encourage you to read the original article.
You gotta read this one.
EconomPic: Jobs Data Disappoints
These charts are so scary I’ve decided to not reproduce them on my website. You’ll have to click on the link for these scary charts.
And for the record, I have never understood or agreed with the concept of a “jobless” recovery.
The New Republic: Reality For The Unemployed : NPR
Of the 908-person sample, 67 percent remained unemployed but were still looking for work, and an additional 12 percent had given up and dropped out of the labor force. Only 21 percent had found jobs (only 13 percent full-time) and were currently employed. A stunning 28 percent of the newly reemployed had been looking for work for more than one year, and 6 percent for more than two years. Fifty-five percent accepted a pay cut in their new jobs; 13 percent took a cut larger than one-third of their previous salary.
Women (26 percent newly employed) did somewhat better than men (18 percent). Surprisingly, young adults (29 percent newly employed) did better than 30 to 49-year olds (21 percent). Not surprisingly, this is a terrible time to be over 50 and out of work: Only 12 percent of these older workers had managed to find jobs.
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