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View Diary: Daily Kos Elections Morning Digest: Illinois Dem proposes bill to ban deadbeat parents from ballot (173 comments)

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  •  The problem (0+ / 0-)

    Sep-Nov 2011:

    477K private sector jobs added
    86K were retail
    70K were lesiure/hospitality
    63K were temp help

    Its hard to get excited about 250K good paying jobs in 3 months.

    •  retail, etc (4+ / 0-)
      Recommended by:
      MichaelNY, hankmeister, askew, DCCyclone

      All else equal you'd rather have jobs in the higher-paying tradable sectors (pro-tech services, manufacturing, info) than retail, but a retail or food service job still beats no job at all. I think the growth in temp jobs is a good sign, as temp jobs tend to be a leading indicator for permanent jobs.

      SSP poster. 42, CA-5, -0.25/-3.90

      by sacman701 on Thu Dec 22, 2011 at 10:39:10 AM PST

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      •  Retail and leisure might not be gains (1+ / 0-)
        Recommended by:
        MichaelNY

        When you look at the average for retail and leisure, you would conceivably make more money on unemployment in many states than working 35-40 hours at such jobs.  

        I'm sure where that leads us, but i also think those retail numbers are either inflated or not properly seasonally adjusted like they say, it makes little sense that there would be 50K permanent retail jobs added in November.  

        Domestic retail store counts aren't increasing that much (certainly not to sustain that number) so it screams to me "seasonal help".

        And 14 months into my current temp job I can say that the old trend of temp jobs converting into permanent seems like it might not come back like it once was.  Companies have adjusted to keeping temp help on longer (companies usually limit it to a certain time period to keep temps before eliminating them or converting them).  

        KForce, Robert Half et al's recuriters have all told me that the trend is not returning and they are adapting their model to adjust to temps staying on longer.

        •  retail (2+ / 0-)
          Recommended by:
          MichaelNY, DCCyclone

          The 12-month growth rate for retail is 1.6% which is in line with other sectors. The Nov number was a fluke that won't likely be repeated, but I wouldn't expect depressed retail job growth over the next few months.

          SSP poster. 42, CA-5, -0.25/-3.90

          by sacman701 on Thu Dec 22, 2011 at 11:48:22 AM PST

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        •  The economy created at least a 100k new jobs (2+ / 0-)
          Recommended by:
          MichaelNY, DCCyclone

          Every month since July. You can't seriously be claiming that companies were hiring "seasonal help" back in the summer! There is also plenty other data beyond employment that supports an improving economy. From the hole it was in everybody should be delighted. Especially considering the number of people on these pages who were certain it couldn't get better.

          "There are a lot of reasons not to elect me." Mitt Romney (R-All Over The Map)

          by conspiracy on Thu Dec 22, 2011 at 03:00:46 PM PST

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        •  seasonal help isn't figured into the numbers (2+ / 0-)
          Recommended by:
          MichaelNY, DCCyclone

          which by definition are "seasonally-adjusted".

          I changed by not changing at all, small town predicts my fate, perhaps that's what no one wants to see. -6.38, -4.15

          by James Allen on Thu Dec 22, 2011 at 04:52:01 PM PST

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    •  Again (1+ / 0-)
      Recommended by:
      DCCyclone

      You are real excited if you didn't previously have a job at all. Frankly, your attitude to this smells a little.

      "There are a lot of reasons not to elect me." Mitt Romney (R-All Over The Map)

      by conspiracy on Thu Dec 22, 2011 at 02:54:32 PM PST

      [ Parent ]

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