NO JOB GROWTH
Jobs do not grow on trees. Jobs grow in manufacturing sites, and those are in China!
The Talking Heads in the U.S. want to make the public feel comfortable, feel that jobs will be calling them within a few months.
Totally untrue.
Here is the Bloomberg report:
No Job Growth for Small Business Spurs Recovery Doubt
By Michael McKee
Feb. 8 (Bloomberg) — Small businesses are becoming the Achilles heel of the U.S. recovery by limiting growth and job creation.
Companies with fewer than 500 employees, such as Phoenix Technologies Ltd. and Sonic Corp., helped lead the economy out of the four recessions since 1980. This time, they continue to cut capital spending and dismiss workers, eliminating 3,000 jobs in January, according to Roseland, New Jersey-based Automatic Data Processing Inc., the world’s largest payroll processor.
The National Federation of Independent Business’s index of small-business optimism has been near historic lows for 15 consecutive months, declining to 88 in December from 88.3 in November, the federation reported Jan. 12. During the four prior recessions, it dipped below 90 only once.
The economy still needs a contribution from small companies, or growth and employment gains won’t be as fast as they could be, Rupkey said. “ISM and leading indicators are probably overestimating the recovery speed.â€Â
The nation’s monthly payroll figures are inflated because the Labor Department model that estimates small-business hiring has overstated the number of jobs added during the recession, Shepherdson says.
CREATING JOBS OUT OF THIN AIR
According to the model, small companies created an average of 113,000 jobs a month from February through December — a period when total employment fell by a nonseasonally adjusted 3.7 million, Labor Department statistics show.
The model “is creating jobs out of thin air that are not actually being generated,†Joshua Shapiro, chief U.S. economist at MFR Inc., an economic-consulting firm in New York, said in a Feb. 4 note to clients.
We are in THE ECONOMIC RIP TIDE, and the U.S. is being pulled out to sea. There are no jobs where we are going
