The On-Demand Economy

More and more workers are moving away from traditional jobs and towards the “gig” economy of on-demand roles that have a finite time frame.  Some of the startling trend from the Yahoo article (emphasis mine): The report said the number of independent workers in America is expected to grow from 30.2 million to roughly 37.9 million in 2020, in part due to businesses seeking flexibility and also because young adults are more comfortable in the lifestyle. Adding occasional independents, the projected number of US adults working independently will grow to an estimated 54 million or nearly 45 percent of the private, non-farm workforce, the group said. I’m not sure what… Read More

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Spinning The Bad Economy

The economy is in rough shape as most people know.  However, I give credit to the Business Journal for attempting to spin a good story out of this hot mess.  Here is the headline: Challenger report: June job cuts hit 13-month low Sounds positive and they lead off with this info: Nationally, the country’s employers announced plans to slash 37,551 jobs in June, down 39 percent from May, which marks a 13-month low for planned cuts, according to a new report from human resources consultancy Challenger, Gray & Christmas Inc. Ah, but the truth often lies in the later paragraphs: Still, halfway through 2012, there have been a total of… Read More

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How To Tell You Are In A Bad Economy

From the Herman Trend Alert (emphasis mine): In December, companies with fewer than 300 employees experienced employment growth of 1.54 percent, representing the largest percentage increase since June 2010. 1.54 percent?  That is encouraging?  I know, I realize there has been little to no growth, but 1.54 percent is almost as miniscule as it can be.  This is the largest growth in 18 months.  To say it is a difficult employment market would be a monumental understatement.

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A Hiring Boom

Well, it is good to be back at it after a nice Christmas break with the family.  It is even better to come back to read an article like this one from CNNMoney.com.  How about this: "We’re looking at some leading indicators on employment, and they’re all flashing green lights," said Bernard Baumohl of the Economic Outlook Group, a Princeton, N.J. research firm. Though most economists still expect a painfully high unemployment rate of about 9% at the end of this year, Baumohl and others think that stat masks more important signs of strength. Baumohl and some other economists forecast between 2.5 million and 3 million jobs being added to… Read More

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A Great Headline

From Forbes.com: How To Handle Post-Recession Job Stress Post-Recession?  I think most people are still dealing with Recession Job Stress.  It gets worse: The worst of the waves of layoffs may be over, but countless American workers who still have their jobs are unhappy at them, overloaded with increased responsibilities, short of colleagues to share the burden, and unsure where they can turn to look for something better. Few people got raises last year–many took pay cuts–and it’s not looking like pay hikes will come anytime soon. Again, this viewpoint strikes me as seriously off target.  I equate this type of unhappiness to people who complain that their ice cream… Read More

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ROE Over ROI

Here is a somewhat ethereal concept I have been encountering in this present economy.  It starts with this – return on investment (ROI).  ROI has been the backbone of sales since time immortal.  This is the basis of sales in that customers pay the money to receive the solution.  As long as the customer views the return on their investment as greater than the investment, they will make the purchase (generally speaking). The top-performing salespeople possess this motivation pattern (called Utilitarian).  They view prospects in terms of ROI – how much return ($) will I receive if I invest time to close them.  This principle has changed in the present… Read More

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Strongest Performing Cities

I’m not sure what to make of this, but it caught my eye: Overall, the reading on local economies is still grim though, as home prices continue to fall and unemployment rates remain historically high, the report said. The list of strongest-performing areas included several middle American cities that were boosted by an uptick in manufacturing jobs and home price declines that were more modest than in other parts of the nation. The weakest performers were mostly sunbelt cities which saw some of the largest declines in home prices and continue to lag behind the rest of the country. Honolulu just jumps off the page for me.

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News From The Twilight Zone

From CNNMoney.com: A jobless recovery? Hardly. By historical standards, the labor market is recovering nicely — job growth has started earlier than in past recessions. I guess I was unaware of how good it is out there.  I think this article comes with a large serving of Kool-Aid also.

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Job Progress

I’m beginning to think we are becoming immune to employment reporting.  A sentence from the beginning and end of a CNNMoney.com article (emphasis mine): The good news: Overall employers announced fewer planned job cuts. … Economists are expecting the report to show there were 120,000 jobs lost in August, an improvement over July’s 131,000 job loss. In a prolonged recession, I guess these pieces of information are uplifting.

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The Stalled Economic Engine

You know this entire GDP reporting process is an absolute joke.  This AP article indicates that the Q2 GDP is going to be revised down…a LOT: The government is about to confirm what many people have felt for some time: The economy barely has a pulse. The Commerce Department on Friday will revise its estimate for economic growth in the April-to-June period and Wall Street economists forecast it will be cut almost in half, to a 1.4 percent annual rate from 2.4 percent Honestly, if a publicly-traded company were to do this, executives would be incarcerated.  How the government gets away with this propaganda is beyond me. But if you… Read More

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