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Economy Is Making Steady Gains Despite Weak Hiring
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Economy Is Making Steady Gains Despite Weak Hiring

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Quick Summary
Economy Is Making Steady Gains Despite Weak Hiring

Factories are busier. Incomes are rising. Autos are selling. The holiday shopping season is shaping up as the best in four years. Stock prices are surging. Why aren't employers hiring?

More on CNBC...

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Because they found out because of the heavy cost savings in the last years that they can do it with less people.

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Maybe in the rest of the world...


"LAS VEGAS (AP) -- An international study says Las Vegas has one of the worst economies in the world, and prospects for a rapid recovery appear dim."

http://www.huffingtonpost.com/2010/12/04/the-us-cities-hit-hardest_n_792020.html#s196005

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Quick Summary View Post
Factories are busier. Incomes are rising. Autos are selling. The holiday shopping season is shaping up as the best in four years. Stock prices are surging. Why aren't employers hiring?

More on CNBC...

Reply to share your thoughts on this current event.

Employers aren't hiring because they don't need the workers. That is by definition,
so to speak. I've heard different numbers on this matter, but about 120,000 jobs
are needed to be created each month just to break even with increases in the population.


I'm not an economist but this (see below) confirms what I've heard on TV.
Factories are not busy.
=========================================================================
Release Date: November 16, 2010

Excerpt here, taken from the Federal Reserve's site:

The capacity utilization rate for total industry was flat at 74.8 percent, a rate 6.6 percentage points above the low in June 2009 and 5.8 percentage points below its average from 1972 to 2009.


Industrial Production and Capacity Utilization
=========================================================================

A capacity utilization rate (correct me if I'm wrong) of 74.8 percent means there is
a significant amount of unused capacity in the nations factories.


Brief definition here:

Capacity Utilization Rate Definition

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You may all be right, but none of this should bias your trading decisions tomorrow.

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Michael.H View Post
You may all be right, but none of this should bias your trading decisions tomorrow.

The U.S. economy is essentially not creating jobs. Even if somehow someway
the economy began creating 250,000 jobs per month, it would be a long long
time before we see even 7.5 percent unemployment.

The poor U.S. economy is not related to trading of course. As an American it
is a real problem. I also see it as a national security issue, but that's another story.

- Stephen


Last edited by stephenszpak; December 13th, 2010 at 08:13 AM. Reason: change
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MetalTrade View Post
Because they found out because of the heavy cost savings in the last years that they can do it with less people.

I've heard that as well on TV. Never really checked it out to make sure however.

(The Bureau of Labor Statistics site (see below) has a great deal of information.
I've enclosed a screen shot showing Subject Areas drop down menu if anyone
has some interest in what BLS does.)


==============================================================

Workforce productivity is the amount of goods and services that a worker produces in a given amount of time. It is one of several types of productivity that economists measure. Workforce productivity can be measured for a firm, a process, an industry, or a country. It was originally (and often still is) called labor productivity because it was originally studied only with respect to the work of laborers as opposed to managers or professionals.

Workforce productivity - Wikipedia, the free encyclopedia

==============================================================

Labor productivity relates output to the labor hours used in the production of that output. Two BLS programs produce labor productivity and costs (LPC) measures for sectors of the U.S. economy.

The Major Sector Productivity program publishes quarterly and annual measures of output per hour and unit labor costs for the U.S. business, nonfarm business, and manufacturing sectors. These are the productivity statistics most often cited by the national media.

The Industry Productivity program publishes annual measures of output per hour and unit labor costs for U.S. industries.

(From the Bureau of Labor Statistics)

Labor Productivity and Costs Home Page (LPC)

==============================================================

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vegasfoster View Post
"LAS VEGAS (AP) -- An international study says Las Vegas has one of the worst economies in the world, and prospects for a rapid recovery appear dim."

http://www.huffingtonpost.com/2010/12/04/the-us-cities-hit-hardest_n_792020.html#s196005


... the financial crisis of 2007-2010 and the accompanying business downturn has sent business and growth tumbling, with Las Vegas recording one of the highest home foreclosure rates in the country. The disappearance of disposable consumer income and the backlash against corporate entertainment spending sent the hospitality industry into a tailspin that it has yet to fully recover from as of summer 2010.

Las Vegas, Nevada - Wikipedia, the free encyclopedia

----------------------------------------------------------------------------------------------------------------------------------

It seems like a perfect storm of bad. I see you live there vegasfoster, I hope
it's not affecting you negatively.

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