An Ugly Secular Trend in Part-Time Work
via A Lost Generation | Thoughts from the Frontline Investment Newsletter | Mauldin Economics.
It’s been a while since I posted a link to some Scary Charts. You want Scary Charts? Read this online post and you’ll see plenty of Scary Charts.
Neither money supply nor the CPI can adequately explain interest rates, housing prices, lack of jobs, and numerous other real-world phenomena. In the real-world, in a credit-based economy, it is credit that matters.
Good point!
Yikes!
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.
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.
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.
First look – Wall Street and the Financial Crisis; Anatomy of a Financial Collapse « The Bankwatch
Follow the link above to another link for the pdf version of the US Senate Levin/Coburn report. In keeping with my policy of attribution the link is to an article where I became aware of the original report.
Read broadly and think critically.
Lost Decade for American Income – WSJ.com
For your Scary Charts check out the article link below.
Or see what Yves Smith is writing about real estate.
The Next Leg Of The Housing Crisis In Five Simple Charts | zero hedge
You may wonder why I continue to post charts on the economy in a life underwriting blog and website. Here’s why.
People under financial strain will sometimes resort to extraordinary measures. In this economy, pay extra attention to your financial underwriting.
Financial underwriting matters more now than it ever has in a very long time.
lifeunderwriter.net 
You must be logged in to post a comment.