Scary Charts – Labor Force Participation At Lowest Since 1984

The NFP report confirms the picture we have all known to grow and love – the people “entering” the labor force are temp workers, those with marginal job skills, and making the lowest wages. For everyone else: better luck elsewhere: the number of people not in the labor force has soared by 7.5 million since January 2007, and the average duration of unemployment is 40.8 weeks – essentially in line with last month’s record 40.9. Bottom line – if you are out of a job, you are out of a job unless you are willing to trade down to an entry level “temp-like” position with virtually no benefits or job security.

NFP Payrolls At 200K, Expected At 155K; Unemployment Rate Drops To 8.5%, Labor Force Participation At Lowest Since 1984 | ZeroHedge.

Click the link for the charts.  In prior posts I’ve reproduced Scary Charts on my website.  For these charts I’d like my readers to go to the source, especially if you have never read Zero Hedge.

I spend a lot of my “free” time catching up on the news.  Saturday mornings are my favorite time to catch up on news, think, and reflect.  We all need time to think deeply.

Seth’s Blog: The chance of a lifetime

The thing is, we still live in a world that’s filled with opportunity. In fact, we have more than an opportunity — we have an obligation. An obligation to spend our time doing great things. To find ideas that matter and to share them. To push ourselves and the people around us to demonstrate gratitude, insight, and inspiration. To take risks and to make the world better by being amazing.

via Seth’s Blog: The chance of a lifetime.

Facebook Is Making Us Miserable – Harvard Business Review

Facebook is negatively affecting what psychology Professor Jeffrey Parker refers to as “the closeness properties of friendship.”

via Facebook Is Making Us Miserable – Daniel Gulati – Harvard Business Review.

Please note I am not the author of the HBR blog article so please don’t shoot the messenger.  I’m neither a huge fan nor harsh critic of what the pundits term as “the dominant communication platform of the future”.  I simply don’t use Facebook a lot.  I don’t have a smart phone.  I have a dumb phone.  I don’t use an iPad.  I use an old-fashioned laptop if necessary.

If anyone wishes to communicate with me, email or phone works just fine thank you.

Or we could meet in person!

 

Bob MacDonald on What’s So Hard about Doing the Right Thing?

In the abstract it is easy to say that doing the right thing is – at the very least – reporting the improper activity. But what if your report seems to be ignored? Are you off the hook and have no further responsibility? Even worse, if you do report it and your boss survives with nothing more than a reprimand, what might this do to your personal well-being and your future with the company? In theory, of course, you could quit your job and find another; but in this economy, is that possible? Is now the right time to put you and your family’s financial future at risk? You could go halfway and say nothing while you look for another job, but is that the right thing to do?  This type of enigma is not an academic exercise. Anyone who has ever been in the business world, with ambitions to be successful and rise up the pyramid and support a family knows this type situation – and a wide variety of others – is more reality than theory. The real questions are: At what point are you willing to dilute or even trade in “doing the right thing,” to protect your career by “going along to get along”? At what point do you break and become willing to rationalize the elements of “doing the right thing?”

via What’s So Hard about Doing the Right Thing?.

Bob’s right.  Read his entire blog post to understand why it is not easy to do the right thing.  Thanks Bob and please keep writing and sharing.

Would Your Company Hire an Unemployed Job Candidate?

Not Working? Sorry, Not Interested – Businessweek

Rejecting unemployed job candidates out of hand is really stupid business, on top of being shockingly rude and unprofessional. When we say, “We don’t hire unemployed people, period,” we’re sending a loud signal to the talent population, our employees, our customers, and our vendors that we don’t have a clue how to manage people. It’s pretty easy to separate the wheat from the chaff in a selection pipeline. No one has yet won a Nobel Prize for innovation in recruiting, because it’s just not that complicated a topic.

Fascinating article and IMHO a MUST read.  If companies don’t hire the unemployed just because they are unemployed then we will have millions of people spinning their wheels looking for work until they end up dead or on government assistance.

Hamsters one and all.