Initial jobless claims increase again

posted at 11:36 am on July 30, 2009 by Ed Morrissey

Put away the streamers and stop the chorus from singing “Happy Days Are Here Again,” at least for a while.  Bloomberg reports that initial jobless claims rose again last week by 25,000 as more that 584,000 Americans applied for unemployment benefits for the first time.  While the four-week average of initial jobless claims dropped, this increase hints at continued escalation of the national unemployment rate:

The number of Americans filing claims for jobless benefits last week held below levels seen in late June, before auto-related distortions set in, indicating firings are slowing as the economy stabilizes.

Applications rose by 25,000 to 584,000 in the week ended July 25, higher than forecast, figures from the Labor Department showed today in Washington. More than 600,000 claims were filed every week last month. The number of people collecting unemployment insurance decreased for a third week.

An analyst at Labor said distortions from the timing of auto-plant shutdowns “worked themselves out” of the data last week, returning claims to “trend.” While a resumption in hiring will be slow to materialize, payroll reductions are likely to slow as housing and manufacturing, the areas that led the economy into the worst recession in five decades, steady.

“Initial claims are still trending lower, which does suggest some improvement in conditions,” said Michelle Meyer, an economist at Barclays Capital Inc. in New York, which had forecast claims would increase to 585,000. “What we are seeing is less firing.”

We may be seeing less firing, but we’re still seeing plenty of it.  More than a half-million people had to apply for unemployment last week, which means that we’re not seeing new jobs created.

In fact, I’d challenge the notion that we’re seeing less firing.  The four-week average hit 559,000, and last week’s number was 554,000.  The latest figure will push the average higher in the next couple of weeks, which is what happens when the rate of claims increases.

Even if it did slow down, say to 500,000 a week, we’d bleed several million jobs by the end of the year.  How exactly does that portend a recovery?  In 2003, pundits derided the idea that we had turned the corner and begun a recovery, and at that time, the worst month for unemployment expansion was 669,000 newly unemployed (July).   The last three months haven’t had less than 900,000, by the same measurement, but the media continues to talk up the idea that the recession has already ended.

Read the end of the Bloomberg article.  While the analysts try to give this an optimistic spin, you’ll notice that they have now begun to say that the American economy is “nearing” bottom, and that the recovery will be next year, not in the third quarter of 2009, as the White House had predicted.  Will that find its way into the national media?


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Comment pages: 1 2

And my company has just announced more layoffs coming…I might soon have more time to comment here…

kirkill on July 30, 2009 at 12:26 PM

1. Drill here drill now= 2 million jobs
2. Start building nuclear power plants=2 milion more jobs.
3. Get the 20 million illegal aliens to leave, making 5 to 10 million jobs available.
Creates between 9 and 14 million jobs.
Recession over.
The Rock on July 30, 2009 at 11:41 AM

Begin a serious manned space exploration program = more jobs that you can count.

Jobless Rate
Not to mention all of us whose unemployment benefits are about to run out and will “dissapear” from the count.

Not to mention all of us who live in Democrat-controled states were job creation is viewed as evil – like WI.

Friendly21 on July 30, 2009 at 12:26 PM

Palin/Cheney 2012!

ornery_independent on July 30, 2009 at 12:24 PM

That’ll work.

jazz_piano on July 30, 2009 at 12:29 PM

What about people like me who are getting laid off and would never think about even signing up for unemployment benefits? People with that persuasion are not counted either.

I’m going to do everything in my power to get employed asap, and screw gov’t handouts.

daesleeper on July 30, 2009 at 12:29 PM

The stock market is going up so most people will only see that.

tomas on July 30, 2009 at 12:31 PM

Rush always talks about the “surprise” factor. WHY ARE THE EXPERTS ALWAYS SURPRISED? They never get it right. Each month it’s the same thing. The experts were surprised.

… Well, I wasn’t. Duh! Take a trillion dollars away from the people and give it to the favor seekers in D.C. What did you expect?

Mojave Mark on July 30, 2009 at 12:31 PM

What comes after the extended benefits?

becki51758 on July 30, 2009 at 11:52 AM
You’re shovel ready!

Monica on July 30, 2009 at 11:54 AM

thread winner!

james23 on July 30, 2009 at 12:31 PM

***face palm***

No Trolls Again!!!!!

Knucklehead on July 30, 2009 at 12:32 PM

I run a midwestern manufacturing plant, so I get to see this unfolding everyday. My dad started our business back in 77 and says he hasn’t seen an environment this tough ever. It’s been a downward trending rollercoaster thus far, but things are looking a lot worse. No one is spending. Companies are holding back on purchases, repairs, maintenance, etc etc. and I don’t blame them – we are doing the same thing. The only way to survive is to cut cut cut and get as lean and mean as possible. (And pray that the clowns in DC don’t make things even worse.)

Anyway, from what I’ve been seeing, August is going to have some seriously large unemployment numbers. A lot of plants have shut down temporarily or done other measures to avoid firing. However, you can only do that for so long before you realize that things aren’t going to be improving soon. I think a lot of companies will soon be cutting jobs that they are still holding on to. At least in MFG.

Free Indeed on July 30, 2009 at 12:32 PM

1. Drill here drill now= 2 million jobs
2. Start building nuclear power plants=2 milion more jobs.
3. Get the 20 million illegal aliens to leave, making 5 to 10 million jobs available.
Creates between 9 and 14 million jobs.
Recession over.
The Rock on July 30, 2009 at 11:41 AM

Begin a serious manned space exploration program = more jobs that you can count.
Friendly21 on July 30, 2009 at 12:26 PM

Hey, that’s a Hell of an idea there.

Only one little question: How, exactly, are all of those programs going to make Obama’s core constituency happy?

logis on July 30, 2009 at 12:33 PM

“Will that find its way into the national media?” Doubtful, just like the clarion call for “Tort Reform!” won’t find it’s way anywhere because the big media is all for liberal lawyers ruining our country.

kirkill on July 30, 2009 at 12:34 PM

Two ways you can solve the unemployment problem right now:

1. Eliminate the minimum wage. We cannot compete with illegals for jobs when they are allowed to negotiate freely for their labor and pay zero taxes on wages, while legal working citizens have a wage “floor” they cannot break through and must pay taxes on.

2. Revoke the majority of work visas. Sorry, but citizens get first dibs on jobs.

3. While we’re at it, cut off unemployment benefits past the normal six months so people are properly motivated to apply for all the open jobs resulting from #1 and #2.

TheMightyMonarch on July 30, 2009 at 12:37 PM

TwoThree ways you can solve the unemployment problem right now:

Fixed.

TheMightyMonarch on July 30, 2009 at 12:37 PM

Just a thought:
Possibly the reason the number of new claims are down slightly is because there have been fewer people working to get layed off.Once an employer has trimmed his staff to the minimum,there is no one left to fire.

DDT on July 30, 2009 at 12:38 PM

1. Drill here drill now= 2 million jobs
2. Start building nuclear power plants=2 milion more jobs.
3. Get the 20 million illegal aliens to leave, making 5 to 10 million jobs available.
Creates between 9 and 14 million jobs.
Recession over.
The Rock on July 30, 2009 at 11:41 AM

Begin a serious manned space exploration program = more jobs that you can count.
Friendly21 on July 30, 2009 at 12:26 PM

These jobs would not be available for at least over 5 years. Therefore, they do not count in the “we want it now” liberal mentality and your suggestion is rendered invalid. Please try again to think of something that will benefit us now, as we do not care about our future generations.

Love, Nancy Pelosi

Sir Corky on July 30, 2009 at 12:40 PM

What comes after the extended benefits?

becki51758 on July 30, 2009 at 11:52 AM

Tax time. April 15, 2010.

Remember, All those “unemployment benefits” being paid out are taxed as real income, but no taxes are taken out. I see personal debt skyrocketing and federal tax receipts plummeting next year due to the taxes due on all these “benefits“, on top of everything else. So we’re got that to look forward to…

ornery_independent on July 30, 2009 at 12:41 PM

Call back the Stimulus and ALL Pork in the Spending Budget and re-issue the money for:

1. Federal Tax Holiday- 1 year
2. Tax Incentives for small business
3. Cut the Corporate Tax Rate

Jobs. Jobs. Jobs.

TN Mom on July 30, 2009 at 12:41 PM

daesleeper: Good luck in your job hunt.I hope it is better than whatever you’ve been doing.

DDT on July 30, 2009 at 12:43 PM

Well if you did porno art you’d have a job right now.

Caper29 on July 30, 2009 at 11:55 AM

I see a lot of that money went to the freaks in San Francisco.

Well, thanks to that, we can rest assured that Nancy Pelosi’s job is secure.

UltimateBob on July 30, 2009 at 12:44 PM

WHY ARE THE EXPERTS ALWAYS SURPRISED?
Mojave Mark on July 30, 2009 at 12:31 PM

Apparently that’s what they are experts at.

Liberal journalist interviewing potential expert: “Obama doubled government spending, and took over the housing, economic and automotive industries. Then the economy tanked.”

Potential media expert: “WHAT? That’s impossible!”

Liberal journalist: “Well, looks like you’ve just qualified as an official expert.

Oh, by the way: the sun came up this morning.”

Liberal Media Expert: “WHAT? That’s impossible!”

Liberal journalist: “Congratulations; you’ve just been promoted to ‘leading expert’.”

logis on July 30, 2009 at 12:46 PM

What about people like me who are getting laid off and would never think about even signing up for unemployment benefits? People with that persuasion are not counted either.

I’m going to do everything in my power to get employed asap, and screw gov’t handouts.

daesleeper on July 30, 2009 at 12:29 PM

That’s the attitude and work ethic that made this nation great.

My dad was laid off once and took a job busting up engines with a sledge hammer for my uncle, earning *less* money than he would have made on unemployment.

My grandfather worked 3 jobs at times to support his wife and 9 kids–too proud to go on welfare.

I fear this is a dying breed.

jazz_piano on July 30, 2009 at 12:47 PM

WHY ARE THE EXPERTS ALWAYS SURPRISED?
Mojave Mark on July 30, 2009 at 12:31 PM

An expert is someone who knows more and more about less and less.

Fighton03 on July 30, 2009 at 12:48 PM

WHY ARE THE EXPERTS ALWAYS SURPRISED?
Mojave Mark on July 30, 2009 at 12:31 PM

I’ve noticed the financial ‘experts’ agree about very little. Only 1-2 mutual fund managers didn’t lose money in 2008. And the SecTreas can’t get his own taxes paid.

It doesn’t inspire confidence.

jazz_piano on July 30, 2009 at 12:51 PM

An expert is someone who knows more and more about less and less.

Fighton03 on July 30, 2009 at 12:48 PM

They apparently go to Expert College and get a PhD in Expertology. They have lots of scrolls and gold stars to prove what experts they are. Apparently we’ll all be lost without them.

LimeyGeek on July 30, 2009 at 12:52 PM

Begin a serious manned space exploration program = more jobs that you can count.

Jobless Rate
Not to mention all of us whose unemployment benefits are about to run out and will “dissapear” from the count.

Not to mention all of us who live in Democrat-controled states were job creation is viewed as evil – like WI.

Friendly21 on July 30, 2009 at 12:26 PM

I agree – Let’s send Obama to the moon. He can be the first black astronut to live on the moon.

izoneguy on July 30, 2009 at 12:53 PM

They apparently go to Expert College and get a PhD in Expertology. They have lots of scrolls and gold stars to prove what experts they are. Apparently we’ll all be lost without them.

LimeyGeek on July 30, 2009 at 12:52 PM

How dare you question the experts! Next you’ll tell me you’re skeptical about man-made global warming.

/sarc

jazz_piano on July 30, 2009 at 12:53 PM

Nothing another trillion dollar stimulus won’t cure.

I know I’m probably the exception but my shops are doing just fine. It pays to be adaptable and have employees with a wide range of skills.

Bishop on July 30, 2009 at 12:53 PM

The only industry that has hit rock bottom is financial services. There are at least a half-million people who will never get their old jobs back in that industry. And until housing recovers there will be continued bleeding in construction, furniture and appliance manufacturing and retailing, and all the other ancillary activities that depend on houses being built and sold.

Mortgage credit is still extremely tight, yet the government keeps proposing more and stricter rules that will tighten it further in the name of “consumer protection.” People can’t move to take new jobs because they can’t sell their houses, and if they do manage to sell, it they can’t buy a house in their new city because they can’t get a mortgage with a new job. Nobody is qualifying borrowers with a “trailing spouse” anymore (i.e. you count the expected income of the spouse in underwriting the loan, which allows them to buy more house).

The government is seriously interfering with any recovery in housing, and that is they key to overall recovery.

rockmom on July 30, 2009 at 12:54 PM

I have a Ph.D. and two Master’s degrees.

I’m embarrassed at how much I don’t know.

jazz_piano on July 30, 2009 at 12:55 PM

Yeah…Once everyone has been laid off, new unemployment claims will be zero and the recession will have ended.

I love Obambi-speak.

txdoc on July 30, 2009 at 12:56 PM

What about people like me who are getting laid off and would never think about even signing up for unemployment benefits? People with that persuasion are not counted either.

I’m going to do everything in my power to get employed asap, and screw gov’t handouts.

daesleeper on July 30, 2009 at 12:29 PM

I have been self-employed for 30 years. Never took one dime of “un-employment”. There have been many lean years but not lean enough to give up my freedom. I remember when I had employees and I had to fire them. They would run off whining and file for unemployment. They would get a rude awakening when they saw the amount and how long it paid. Most of them ran off to California – I wonder how that is working out for them now???

izoneguy on July 30, 2009 at 12:56 PM

Just a thought:
Possibly the reason the number of new claims are down slightly is because there have been fewer people working to get layed off.Once an employer has trimmed his staff to the minimum,there is no one left to fire.

DDT on July 30, 2009 at 12:38 PM

Until the business itself fails due to lack of customers.

NickelAndDime on July 30, 2009 at 12:57 PM

I have a Ph.D. and two Master’s degrees.

I’m embarrassed at how much I don’t know.

jazz_piano on July 30, 2009 at 12:55 PM

I’ve only got a BSc, with an IQ that gives most people nosebleeds….go figure.

LimeyGeek on July 30, 2009 at 12:58 PM

I know I’m probably the exception but my shops are doing just fine. It pays to be adaptable and have employees with a wide range of skills.

Bishop on July 30, 2009 at 12:53 PM

You are in a somewhat counter-cyclical industry. When times are hard, many people hold on to their vechicles longer, and therefore use more service.

Vashta.Nerada on July 30, 2009 at 12:58 PM

The stock market is going up so most people will only see that.

tomas on July 30, 2009 at 12:31 PM

Now wait a minute! Didn’t the MSM tell us that the stock market was not an indicator of economic strength during the last administration?

sdd on July 30, 2009 at 12:59 PM

I’ve only got a BSc, with an IQ that gives most people nosebleeds….go figure.

LimeyGeek on July 30, 2009 at 12:58 PM

And you’ve probably put your intelligence and education to better use than most academics.

jazz_piano on July 30, 2009 at 12:59 PM

Hey, maybe Pelosi didn’t misspeak after all when she said we’d be losing 500 million jobs a month! Obama can do ANYTHING!

LOL — love the cupcake picture, BTW.

NoLeftTurn on July 30, 2009 at 1:02 PM

Call back the Stimulus and ALL Pork in the Spending Budget and re-issue the money for:

1. Federal Tax Holiday- 1 year
2. Tax Incentives for small business
3. Cut the Corporate Tax Rate

Jobs. Jobs. Jobs.

TN Mom on July 30, 2009 at 12:41 PM

All of this sounds great – one big problem. The statists are in control.
Obama is the uber-Marxist. The goal is to crush free-enterprise. Obama says the stimulus will create jobs – it won’t – it does not have to. The statists will use the rest of the stimulus to grab what they can and then – sorry.

Unless enough people vote like their lives depend on it then it won’t matter.
If Congress does not turn RED in 2011 and repeal the stimulus then America is screwed. So you guilt laden folks who are afraid of being called racist better get off your butts and actively campaign against the democrats and any moderate Republicans.

Do you want big brother to rule you the rest of your government insured lives?

izoneguy on July 30, 2009 at 1:02 PM

The stock market is going up so most people will only see that.

tomas on July 30, 2009 at 12:31 PM

Now wait a minute! Didn’t the MSM tell us that the stock market was not an indicator of economic strength during the last administration?

sdd on July 30, 2009 at 12:59 PM

Yes they did. If any of this crap gets passed the stock market is doomed….
If it gets defeated then the stock market will go up and Obama will take credit for that.

Obama is playing the American public like a fiddle. Don’t be fooled.

izoneguy on July 30, 2009 at 1:05 PM

a positive thing to have people refer to the family compound hunting grounds.

highhopes on July 30, 2009 at 12:01 PM

-
And I may stay put, but for now it’s a wait and see thing.
-

RalphyBoy on July 30, 2009 at 1:06 PM

An expert is someone who knows more and more about less and less.
Fighton03 on July 30, 2009 at 12:48 PM

An expert is someone who can tell you 100 different ways to have sex while never once having done so himself.

TXUS on July 30, 2009 at 1:06 PM

Of course it’s going up in July. It’s the 1st month in the new fiscal year for government facilities including schools. People that were cut due to budget reasons couldn’t file until July 1st.

Static on July 30, 2009 at 1:07 PM

Expert an EX is a has been and a SPERT is a drip under pressure! Found in the conservative dictionairy on “Liberal Definitions”

amex on July 30, 2009 at 1:08 PM

Not to mention all of us who live in Democrat-controled states were job creation is viewed as evil – like WI.

Friendly21 on July 30, 2009 at 12:26 PM

That’s why we jokingly (well, maybe not jokingly) refer to it as The People’s Republic of Wisconsin.

Interesting note, though. If you were to go by the number of people at the Lake of the Torches Casino in Lac du Flambeau, Wisconsin last Friday, and the amount of money they were dumping into the slot machines, it would be difficult to imagine there is any problem with the economy. Looked like the summer people, up from the cities, brought a lot of money north with them.

This summer the parking lots at the casinos in the UP, nearby the Wisconsin border, are full most days now with lots of Wisconsin and Illinois license plates. Go figure.

Yoop on July 30, 2009 at 1:09 PM

And you’ve probably put your intelligence and education to better use than most academics.

jazz_piano on July 30, 2009 at 12:59 PM

Admittedly, I graduated (a) in another country, and (b) when a BSc was a helluva thing to have – MSc was for specialization, and PhD for flashes of brilliance. Nowadays, it has all been so laughably dumbed down that I don’t even value PhDs much any more – unless they’re something clearly special.

I see MSc interviewees all the time that are as thick as pig shit. What the hell did they waste so many thousands of dollars on? It’s almost criminal.

But I’m old and ornery, and have learned infinitely more in my many years post-university.

LimeyGeek on July 30, 2009 at 1:12 PM

An expert is someone who can tell you 100 different ways to have sex while never once having done so himself.

TXUS on July 30, 2009 at 1:06 PM

I still want to know those 100 ways.

LimeyGeek on July 30, 2009 at 1:13 PM

But I’m old and ornery….

LimeyGeek on July 30, 2009 at 1:12 PM

Wanna have a beer?

ornery_independent on July 30, 2009 at 1:14 PM

An expert is someone who can tell you 100 different ways to have sex while never once having done so himself.

TXUS on July 30, 2009 at 1:06 PM

that would explain why they are so desperate to screw us over.

Fighton03 on July 30, 2009 at 1:15 PM

Wanna have a beer?

ornery_independent on July 30, 2009 at 1:14 PM

Any day with a “Y” in it

LimeyGeek on July 30, 2009 at 1:16 PM

An expert is someone who can tell you 100 different ways to have sex while never once having done so himself.
TXUS on July 30, 2009 at 1:06 PM

I still want to know those 100 ways.
LimeyGeek on July 30, 2009 at 1:13 PM

Don’t know. Not an expert.

TXUS on July 30, 2009 at 1:17 PM

Don’t know. Not an expert.

TXUS on July 30, 2009 at 1:17 PM

Ah well….I’ve never needed more than 5 anyway. The rest would probably give me a hernia or snap my dick off.

LimeyGeek on July 30, 2009 at 1:18 PM

Wanna have a beer?

ornery_independent on July 30, 2009 at 1:14 PM

You could meet at the White House–they’re serving beer today.

jazz_piano on July 30, 2009 at 1:19 PM

You could meet at the White House–they’re serving beer today.

jazz_piano on July 30, 2009 at 1:19 PM

I’d drink those poofs under the table without breaking a sweat.

LimeyGeek on July 30, 2009 at 1:20 PM

LimeyGeek on July 30, 2009 at 12:52 PM

Ever read Terry Pratchett?

Fighton03 on July 30, 2009 at 1:20 PM

Ever read Terry Pratchett?

Fighton03 on July 30, 2009 at 1:20 PM

Terminal addict

LimeyGeek on July 30, 2009 at 1:21 PM

I’d drink those poofs under the table without breaking a sweat.

LimeyGeek on July 30, 2009 at 1:20 PM

right Bruce.

Fighton03 on July 30, 2009 at 1:21 PM

LimeyGeek on July 30, 2009 at 1:21 PM

Your post had me thinking of the UU. Thank god my coffee cup was empty.

Fighton03 on July 30, 2009 at 1:22 PM

right Bruce.

Fighton03 on July 30, 2009 at 1:21 PM

right Sheila ;)

LimeyGeek on July 30, 2009 at 1:22 PM

LimeyGeek on July 30, 2009 at 1:22 PM

Now that’s just un called for …….now excuse me while I get my chainsaw…got some trees to cut down. :)

Fighton03 on July 30, 2009 at 1:23 PM

Ed,

Please, please don’t put cupcakes on the main page again.

Americannodash on July 30, 2009 at 1:23 PM

I’d drink those poofs under the table without breaking a sweat.

LimeyGeek on July 30, 2009 at 1:20 PM

Yes, I could as well. Too bad I don’t get paid for it (anymore), cuz I’m really good at it. And this Obamaconomy makes it all that much more tempting…

ornery_independent on July 30, 2009 at 1:28 PM

The chipmunks are in charge

LimeyGeek on July 30, 2009 at 12:10 PM

They’ll do a better job!!!

NJ Red on July 30, 2009 at 1:30 PM

When my father was laid off in the 50′s due to a steelworkers strike the only assistance you had then was called “relief”. It consisted of government canned meat, cheese, powdered milk, powdered eggs, flour and dried beans. We ate and were not hungry and he worked several jobs building fireplaces, roofing, etc to pay the electric bill. We need to return to those times and get rid of welfare. I have witnessed people swiping their EBT cards with buggies full of steak, etc and then go out and sell the meat for 50 cents on the dollar so they can buy beer and crack. Let them eat dried beans in my opinion or get a job, but our government wants people to be dependent on them for everything so they will get re-elected. Shameful contrast to the era when there were family values, god and pride in our country.

Yes we need change, we need to move back to the 50′s.

workingforpigs on July 30, 2009 at 1:30 PM

During the crisis of Apollo 13 congress asked the american citizens to pray for the safe return of the astronauts, our government would never do this now. Our government is shameful.

workingforpigs on July 30, 2009 at 1:32 PM

So when our president gets intoxicated during his beerfest, who is in charge of pushing the button? What example does this set for our youth?

workingforpigs on July 30, 2009 at 1:42 PM

My family owned business in Michigan has 12 employees. It’s evenly split between Dems and Repubs. If I have to cut jobs soon, is it wrong for me to let the Dems go first? After all, it is their politicians that have taxed businesses and jobs out of our state. In my mind, it wouldn’t be fair to cut the jobs of those that support my business and it’s growth with thier vote. Could I be held legally liable for this type of a decision when the Unions in Michigan have run the state this way?

MichiganMatt on July 30, 2009 at 1:50 PM

If it gets defeated then the stock market will go up and Obama will take credit for that.

Obama is playing the American public like a fiddle. Don’t be fooled.

izoneguy on July 30, 2009 at 1:05 PM

I just looked up, a few minutes ago, in time to see Obama, on a Fox News coverage, taking credit for his policies working now and driving the stock market rise. YES, he just did say that!

Yoop on July 30, 2009 at 1:56 PM

MichiganMatt on July 30, 2009 at 1:50 PM

You could always cite the President’s handling of IG Walpin as legal precedent.

MarkABinVA on July 30, 2009 at 2:04 PM

I run a midwestern manufacturing plant, so I get to see this unfolding everyday. My dad started our business back in 77 and says he hasn’t seen an environment this tough ever. It’s been a downward trending rollercoaster thus far, but things are looking a lot worse. No one is spending. Companies are holding back on purchases, repairs, maintenance, etc etc. and I don’t blame them – we are doing the same thing. The only way to survive is to cut cut cut and get as lean and mean as possible. (And pray that the clowns in DC don’t make things even worse.)

Anyway, from what I’ve been seeing, August is going to have some seriously large unemployment numbers. A lot of plants have shut down temporarily or done other measures to avoid firing. However, you can only do that for so long before you realize that things aren’t going to be improving soon. I think a lot of companies will soon be cutting jobs that they are still holding on to. At least in MFG.

Free Indeed on July 30, 2009 at 12:32 PM

How much would you have to cut wages by to not lay anyone off?

Count to 10 on July 30, 2009 at 2:09 PM

Ah well….I’ve never needed more than 5 anyway. The rest would probably give me a hernia or snap my dick off.

LimeyGeek on July 30, 2009 at 1:18 PM

Quote of the day.

/recently married guy

Tak_Bulgogi on July 30, 2009 at 2:11 PM

My family owned business in Michigan has 12 employees. It’s evenly split between Dems and Repubs. If I have to cut jobs soon, is it wrong for me to let the Dems go first? After all, it is their politicians that have taxed businesses and jobs out of our state. In my mind, it wouldn’t be fair to cut the jobs of those that support my business and it’s growth with thier vote. Could I be held legally liable for this type of a decision when the Unions in Michigan have run the state this way?

MichiganMatt on July 30, 2009 at 1:50 PM

Pay them by their productivity, and cut the wages of the unproductive until you make ends meet or they quit.

Count to 10 on July 30, 2009 at 2:11 PM

My uncle has run a small machine shop in PA going on 25 years. He’s old-school and doesn’t do CNC stuff. Does a lot of work for Joy Manufacturing (coal mining equipment, uhoh). He’s done well for himself at this, until recently. The price of steel is going up and the demand for work going down. He’s worried that this is not a good convergence of data. Smart man he is. He told me where we’d be sitting right now about 10 years ago; and there was nothing that would be done to stop it. I didn’t believe him much then. Stupid me.

MarkABinVA on July 30, 2009 at 2:16 PM

That’s why we jokingly (well, maybe not jokingly) refer to it as The People’s Republic of Wisconsin.

Interesting note, though. If you were to go by the number of people at the Lake of the Torches Casino in Lac du Flambeau, Wisconsin last Friday, and the amount of money they were dumping into the slot machines, it would be difficult to imagine there is any problem with the economy. Looked like the summer people, up from the cities, brought a lot of money north with them.

This summer the parking lots at the casinos in the UP, nearby the Wisconsin border, are full most days now with lots of Wisconsin and Illinois license plates. Go figure.

Yoop on July 30, 2009 at 1:09 PM

You want to hear something odd. I just got a job in St. Louis in the corporate office of a casino company. I was worried about the nature of the economy and the nature of the job, but as I’ve been driving by casinos and sitting in on meetings, the casinos are still packed.

MobileVideoEngineer on July 30, 2009 at 2:18 PM

An expert is someone who knows more and more about less and less. a whole lot about nothing

Fighton03 on July 30, 2009 at 12:48 PM

FIFY

chemman on July 30, 2009 at 2:28 PM

…as I’ve been driving by casinos and sitting in on meetings, the casinos are still packed.
MobileVideoEngineer on July 30, 2009 at 2:18 PM

I’m guessing drug dealers are still doing fine as well. No business financed primarily by welfare is going to feel the pinch until the whole system collapses

…So try and enjoy the next couple of years!

logis on July 30, 2009 at 2:31 PM

All of this sounds great – one big problem. The statists are in control.
Obama is the uber-Marxist. The goal is to crush free-enterprise. Obama says the stimulus will create jobs – it won’t – it does not have to. The statists will use the rest of the stimulus to grab what they can and then – sorry.

Unless enough people vote like their lives depend on it then it won’t matter.
If Congress does not turn RED in 2011 and repeal the stimulus then America is screwed. So you guilt laden folks who are afraid of being called racist better get off your butts and actively campaign against the democrats and any moderate Republicans.

Do you want big brother to rule you the rest of your government insured lives?

izoneguy on July 30, 2009 at 1:02 PM

I’m not waiting until the next election. We were decorating my daughters car with window paint (back to college function) and I wrote on my own car:

WHERE ARE THE JOBS?

and

Save American Jobs: Fire the Democrats

Lots of folks honking their horns at me…

TN Mom on July 30, 2009 at 2:36 PM

Ah well….I’ve never needed more than 5 anyway. The rest would probably give me a hernia or snap my dick off.
LimeyGeek on July 30, 2009 at 1:18 PM

Let’s see. There’s good ol’ missionary, K9, Cowgirl, Reverse Cowgirl… damn, what would be the 5th? Oh yeah, the Lewinsky.

TXUS on July 30, 2009 at 2:49 PM

How much would you have to cut wages by to not lay anyone off?

Count to 10 on July 30, 2009 at 2:09 PM

In the case of my business…not enough. It’s only a matter of time.

Fighton03 on July 30, 2009 at 2:49 PM

If Congress does not turn RED in 2011 and repeal the stimulus then America is screwed.

So you guilt laden folks who are afraid of being called racist better get off your butts and actively campaign against the democrats and any moderate Republicans.
izoneguy on July 30, 2009 at 1:02 PM

There’s no way we can get 2/3′d majority in both houses next year. And just stopping this won’t prevent the collapse. Even if we got 51% nominal “Republicans” in Congress, there’d still be more than enough RINOS to make sure we got stuck with the blame.

So (politically speaking) we don’t have to worry about anything for the next year and a half except ruthlessly slashing out the dead weight in our own party, getting ready for 2011.

In the meantime, we need to attack and attack and attack and attack. Don’t get me wrong; I’m not saying we should be like the barking moonbats. They are a bunch of p*ssies. We need to go for the throat. They started this war; we are going to finish it.

logis on July 30, 2009 at 2:50 PM

Let’s see. There’s good ol’ missionary, K9, Cowgirl, Reverse Cowgirl… damn, what would be the 5th? Oh yeah, the Lewinsky.

TXUS on July 30, 2009 at 2:49 PM

You’re a smoker?

Fighton03 on July 30, 2009 at 2:51 PM

Let’s see. There’s good ol’ missionary, K9, Cowgirl, Reverse Cowgirl… damn, what would be the 5th? Oh yeah, the Lewinsky.
TXUS on July 30, 2009 at 2:49 PM

You’re a smoker?
Fighton03 on July 30, 2009 at 2:51 PM

Depends on what the meaning of “smoke” is. But I do like Gurkha cigars, which I’m told was Billy Jeff’s preference as well.

TXUS on July 30, 2009 at 3:15 PM

Here’s where some of the stimulus money is going:

Emergency grants from the National Endowment for the Arts may be going to help fund nude simulated-sex dances, Saturday night “pervert” revues and the airing of pornographic horror films at art houses in San Francisco.

Christian Conservative on July 30, 2009 at 3:35 PM

Well, that’ll at least stimulate some “jobs”… of the Clinton kind, unfortunately.

TXUS on July 30, 2009 at 3:44 PM

The Rock on July 30, 2009 at 11:41 AM

Solid suggestions.

TN Mom on July 30, 2009 at 12:41 PM

More solid suggestions.

Who needs ‘experts’? I get more economic wisdom and intelligence from the Hot Air comment threads than all the great economists in DC combined.

Chaz706 on July 30, 2009 at 3:53 PM

Begin a serious manned space exploration program = more jobs that you can count.Friendly21 on July 30, 2009 at 12:26 PM

Hey, that’s a Hell of an idea there.
Only one little question: How, exactly, are all of those programs going to make Obama’s core constituency happy?
logis on July 30, 2009 at 12:33 PM

Most will be happy: the Janitors Union will have lots of sweeping jobs, and the teachers Unions will see a huge demand for more high-quality teachers as the needed new schools are built, and the inner city types will have even more to complain about. What’s to lose?

These jobs would not be available for at least over 5 years. Therefore, they do not count in the “we want it now” liberal mentality and your suggestion is rendered invalid. Please try again to think of something that will benefit us now, as we do not care about our future generations.
Love, Nancy Pelosi
Sir Corky on July 30, 2009 at 12:40 PM

Thanks for that Nancy, we all know how hard it is for you what with the new Botox tax and all. But despite Your Highnesses objections, the Federal and state planning would begin immediately, as well as the educational aspects (see above) – if the plan was serious. However, since you do not care about future generations – but only for your self and your fellow corrupt cronies, please take yourself and your cronies and join the Human Extinction Movement. This single act of self-sarifice will earn you a place in our history books and leave more food and stuff for the rest of us who do care about ourselves, our children, our country, and our future as a species.

Friendly21 on July 30, 2009 at 4:02 PM

And Nancy Dear, don’t forget there is a whole huge pile of money sitting in a pot, which, if used for the above plan, will return vast profits instead of vast deficits. Just a thought.

Friendly21 on July 30, 2009 at 4:05 PM

Depends on what the meaning of “smoke” is. But I do like Gurkha cigars, which I’m told was Billy Jeff’s preference as well.

TXUS on July 30, 2009 at 3:15 PM

That brand did have some….unique….properties.

Fighton03 on July 30, 2009 at 4:06 PM

and the teachers Unions will see a huge demand for more high-quality teachers

you do see the dichotomy, yes?

Fighton03 on July 30, 2009 at 4:07 PM

I have to wonder if the economy will sustain a recovery if the debt is too great. What about interest rates and inflation?

Terrye on July 30, 2009 at 4:51 PM

When there are food riots in the streets because, lacking incentive, farmers stop farming and distributors stop distributing-and when boatloads of American refugees flee to Haiti, Obama will dig out the SOE (same old excuses)
1 You’re all racists
2 It’s Bushes fault

MaiDee on July 30, 2009 at 6:08 PM

I daily check the Forex Calendar for News events that might affect the rates of exchange. It’s rather hilarious to see a down News announcement “scored” as a positive event simply because it wasn’t quite as bad as expected.

It’s like getting shot in the chest but since it missed your heart, it’s great news! Meanwhile, you’re still bleeding to death…

karl9000 on July 30, 2009 at 6:56 PM

3. While we’re at it, cut off unemployment benefits past the normal six months so people are properly motivated to apply for all the open jobs resulting from #1 and #2.

TheMightyMonarch on July 30, 2009 at 12:37 PM

While I cannot speak for anyone but myself. Being “properly motivated” does me no good when I am either not qualified or over-qualified for the jobs resulting from #1 and#2. If the jobs are not available in my field I’m stuck until there is a shortage of workers. Contrary to all the talk about the corruptocrats being for science the science jobs are not there and they are becoming fewer. Including through the government.

jdkchem on July 30, 2009 at 11:01 PM

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