Archive for the ‘Jobs’ Category

“A Small Business Dilemma – Survival”

This new post has just been accepted for The Huffington Post and was posted at 2:30 pm on August 6th. Read it on their page at: http://www.huffingtonpost.com/jim-worth/a-small-business-dilemma_b_672808.html I have been selected as a Huff Post Blogger and will post more articles in the near future!

Here is the article at The Cutting Edge.

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Small Businesses are not hiring or borrowing, because…there’s no demand!

This has been a long hard recession for small business. And though, officially, the recession is over, it has not ended for small businesses.

They are hesitant to take any risks or borrow more money, and most cannot even consider hiring new help. Things really began to slide downhill for small businesses and their owners after the financial meltdown of the Big Banks. And now they are fighting for their very survival.

The Big Banks are back to making money thanks to the largess of the taxpayers. But small businesses have received no help from the taxpayers, or Congress.

Production has improved. Hours worked have increased slightly. But neither of those improvements have helped small businesses. The perceived slow recovery has not benefitted small businesses either.

It has become a matter of survival for millions of small businesses throughout the country. From manufacturing and services, to retail, restaurants, and entertainment, demand for their products and services is flat or down. And, until that demand picks up, small businesses will not take on more debt to expand nor will they hire on just expectations that the slow improvements will continue.

Therein lies their dilemma.

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“So…. Where Are the Jobs?”

The economy has turned, and though recovery is slow, things are improving!

The recession is over!

And Nero fiddled while Rome burned.

For four straight months the economy had added jobs and expectations were high among analysts for the May report. They expected over half-a-million new jobs on Friday, and the whisper number was even higher. The number was good; 431,000 new jobs in May.

But it wasn’t exactly what the market wanted and there was a caveat. This month’s number included 411,000 Census workers hired temporarily by the government to complete the 2010 Census. These, of course, are only temporary and will be gone by the end of summer.

But, the U.S. isn’t Rome and the Obama Administration is doing all it can to put people back to work.

So…. Where are the jobs?

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“A Jobless Recovery?” Not This Time!

September’s jobs number was a big disappointment for those that are hoping for positive job creation by the end of this year. The job losses for September slipped back with 263,000 non-farm payroll jobs lost after a better than expected smaller decline in August.

The August number was revised with 15,000 fewer job losses to 201,000, from previously reported 216,000. But July was revised upward adding 28,000 more lost jobs bringing the total to 301,000. for a total of 13,000 more job losses for those two months.

Much has been said about the economy already recovering and the possibility that this, like the last recession, will be a jobless recovery.

Not this time!

Past recessions were not confronted with the problems that exist in this one. The confluence of personal and corporate losses exceed those of the past three recessions combined. Though the downward economic spiral has been slowed, the underlying causes of the financial collapse still exist and are troublesome for any healthy recovery.

Unemployment increased to 9.8% and, as many have stated, is headed for double digits. The highest level of those unemployed during the most recent recessions was approximately 6%.

In previous recessions the job losses were mostly centered around a few industries. But during this recession there has been a widespread decline in all areas of employment: labor, manufacturing, and service. As a result there are few, if any, sectors to help pull us out of this economic quagmire.

What will spur a jobless recovery? Read the rest of this entry »

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