Where Is The Recovery? A Higher Percentage Of Americans Had Jobs Three Years Ago

Where Is The Recovery?If you think that the latest employment numbers are good news, you might want to look again.  In April 2013, 58.6 percent of all working age Americans had a job.  But three years ago, in April 2010, 58.7 percent of all working age Americans had a job.  Well, you may argue, that is not much of a difference.  And that is precisely my point.  The percentage of Americans that have a job fell like a rock during the last recession.  It dropped from about 63 percent all the way down to below 59 percent, and it has stayed below 59 percent for 44 months in a row.  So where is the recovery?  This is the first time in the post-World War II era that the employment-population ratio has not bounced back after the end of a recession.  So anyone that tells you that we are experiencing an employment recovery is lying to you.  Yes, the U.S. economy added 165,000 jobs last month.  But it takes nearly that many jobs just to keep up with population growth.  The truth is that we are just treading water. (Read More….)

AT CURRENT RATE, JOB MARKET WON’T RECOVER TILL 2024

Blogs
by: Morgan Housel
At current rate, job market won't recover till 2024

July’s dismal job numbers have become standard, with few jobs added and employers hesitant to hire. If the numbers continue along the same trend they’ve followed this year, unemployment may not drop below 6 percent until 2024. Photo Credit:AP

If you prefer your news in small bites, the most important numbers from July’s employment report are these: 163,000 jobs were added last month, bringing the average number of jobs created in the past six months to 131,000. At that rate, unemployment won’t drop below 6 percent until 2024. …

July’s employment report, released Friday, included the collection of figures that have become uncomfortably standard in recent years. A high percentage of the jobs created last month were in temporary or low-pay positions. State and local education employment declined for the 31st time in 42 months. The employment-population ratio — the percentage of working-age citizens with a job — declined to one of the lowest levels in 30 years. The most complete measure of unemployment that includes those who have given up looking for work and those employed part time involuntarily ticked up to 15 percent, about double where it stood five years ago. …

It’s likely that today’s employment decline will exceed the Great Depression in duration. Survey after survey shows the reason businesses remain reluctant to hire is simple: Economic growth is too slow. With consumers still shedding debt piled on during last decade’s bubble, it may stay that way for a while.

 

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Read the original article at The Motley Fool

Read more:http://times247.com/articles/at-current-rate-employment-won-t-recover-until-2024#ixzz22tjs9au9

JCPenney CEO Wants To Eliminate Cashier by introducing the (RFID System) to all stores by 2013


JCPenney
 CEO Ron Johnson Wants To Eliminate The Person Standing At The Cash Register

JCPenney CEO and former Apple retail guru Ron Johnson is speaking at Fortune’s Brainstorm Tech conference in Aspen, and he revealed a bit of what his strategy is for store checkout.

He wants to eliminate the employees who stand at cash registers and get rid of traditional checkout by the end of 2013.

Instead, he’s pushing mobile checkout and self checkout. The stores will be 100 percent RFID (radio frequency identification) and wi-fi enabled.

JCPenney would reinvest those savings in customer service, he says.

If JCPenney can pull this off, customers won’t have to wait in lines anymore, making things more convenient and reducing their time in stores.

This also suggests that there will be more job cuts, since those workers won’t be needed anymore.

NOW SEE: HERE’S WHAT JCPENNEY RETAIL EMPLOYEES REALLY THINK OF CEO RON JOHNSON >

Read more: http://www.businessinsider.com/jcpenney-ceo-ron-johnson-wants-to-eliminate-traditional-checkout-2012-7#ixzz21UW1Ao00