Despite robust jobs report, some sectors are cutting staff in anticipation of a recession

Dec 2015
12,248
7,475
In Your Heart!
#1
Despite robust jobs report, some sectors are cutting staff in anticipation of a recession
“The most concerning thing is the loss of jobs in manufacturing, which we’ve all been on red alert for. That’s not a good sign for investment in this country,” said one economist.
By Martha C. White

“There was some very weak job growth for some blue-collar sector jobs,” said Andrew Chamberlain, chief economist at Glassdoor.com, pointing to anemic growth in sectors like transportation and mining."
"In its new survey, Deloitte found that a whopping 84 percent of chief executives expect a downturn or a recession in the U.S. by the end of 2020, and 15 percent say they already see evidence of a downturn at their firms."
“Employee salaries are a big fixed cost. Companies may say, we see a need to cut in the future,” Challenger said. “It is a little bit alarming.”









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Indeed all that glitters is not gold. The announcement of new job creation is but temporary. There is a big, ominous dark cloud looming overhead for manufacturers, employers and employees that they need to be very aware of that could negatively impact them before long.
 
Mar 2019
1,870
623
DE, US
#3
Despite robust jobs report, some sectors are cutting staff in anticipation of a recession
“The most concerning thing is the loss of jobs in manufacturing, which we’ve all been on red alert for. That’s not a good sign for investment in this country,” said one economist.
By Martha C. White














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Indeed all that glitters is not gold. The announcement of new job creation is but temporary. There is a big, ominous dark cloud looming overhead for manufacturers, employers and employees that they need to be very aware of that could negatively impact them before long.
It makes sense to me. Full employment is considered 4% unemployment and the Fed is obligated to keep our country from getting beyond that point, by mandate from Congress.
 

johnflesh

Former Staff
Feb 2007
26,852
19,475
Colorado
#4
Plan ahead. I've been alive 43 years and have yet to live a year without some "ominous dark cloud looming" with regard to some form of survival.

Yet here we are.

Plan ahead. Adapt or die.
 
Likes: bajisima

johnflesh

Former Staff
Feb 2007
26,852
19,475
Colorado
#6
The economy is only good for the rich.
And it's fairly easy to get minimally rich. Why people haven't understood that money is more valuable than your teeth is beyond me.
(teeth are often associated with survival psychologically)

Has anyone taken a moment to look on the internet at how much 'fuck-you' money is rolling around out there? Some of that could be your's, legitimately. But you got to work for it.
 

Devil505

Former Staff
Jan 2008
71,185
29,440
Florida
#7
And it's fairly easy to get minimally rich. Why people haven't understood that money is more valuable than your teeth is beyond me.
(teeth are often associated with survival psychologically)

Has anyone taken a moment to look on the internet at how much 'fuck-you' money is rolling around out there? Some of that could be your's, legitimately. But you got to work for it.
Translation: I'm a toothless Trump cult member.
 
Likes: DemoWhip
Jan 2014
17,955
5,093
California
#8
Despite robust jobs report, some sectors are cutting staff in anticipation of a recession
“The most concerning thing is the loss of jobs in manufacturing, which we’ve all been on red alert for. That’s not a good sign for investment in this country,” said one economist.
By Martha C. White














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Indeed all that glitters is not gold. The announcement of new job creation is but temporary. There is a big, ominous dark cloud looming overhead for manufacturers, employers and employees that they need to be very aware of that could negatively impact them before long.
Mr. Whip,

Good thing that we are flooding the country with millions of unskilled, illiterate peons who are willing to work for nothing, wot?
 
Nov 2015
6,756
2,229
UK
#9
Plan ahead? *Scratch head*

So guess when there's going to be a recession and start now to sack your staff? Never heard anything as daft as that.