Job openings are almost at a 13-year high

[~primetime~]

Who's hiring? Almost everyone (http://money.cnn.com/2014/12/05/news/economy/jobs-hiring/index.html?hpt=hp_t3)


Hiring was more widespread in November than any time since early 1998. By comparison: this time five years ago, 86% of U.S. companies were cutting jobs.

"It's about time," said Dan North, chief economist with credit insurance firm Euler Hermes. "This is what we've been missing."

Consumers are spending again in a year of strong economic growth, driven by low energy prices and pent-up demand for cars and homes.

Job openings are almost at a 13-year high as companies try to meet the latest wave of demand.


good stuff :rockon: ...in conjunction with oil setting record lows it really feels like we are headed toward a booming economy, I'm sure posters will let me know we aren't though lol.

[fiddy]

brb getting on the next plane to murica

[Akrazotile]

Thanks Obama :facepalm


Wait. This is actually good news.


Thanks Obama! :rockon:

[KevinNYC]

Who's hiring? Almost everyone (http://money.cnn.com/2014/12/05/news/economy/jobs-hiring/index.html?hpt=hp_t3)


good stuff :rockon: ...in conjunction with oil setting record lows it really feels like we are headed toward a booming economy, I'm sure posters will let me know we aren't though lol.
Jobs numbers for November were a lot higher (http://www.nytimes.com/2014/12/06/upshot/jobs-numbers-offer-encouraging-signs-of-momentum.html?abt=0002&abg=0) than expected with 321,000 new jobs added and the previous two months were revised up a little bit.

Average hourly wages rose 0.4 percent, and the average length of the workweek for private-sector workers ticked up to 34.6 hours, from 34.5. Add it all up, and an index of weekly payrolls rose a whopping 0.9 percent in November, which is the kind of monthly swing that rarely happens.

The hiring seems to be spread broadly through the economy too, with hiring generally up across all sectors.

Dow Jones will go over 18,000 today. With cheaper oil prices, I expect Christmas spending will be up and I expect the Dow to say high for a bit. The US is clearly doing bettter than Europe and Japan.

[KevinNYC]

@JustinWolfers

[ALBballer]

Eh this all a disillusion when the debt is close to 18 trillion dollars.

Not to mention the wealth disparity is much worst and many of these jobs are low paying part time jobs.

[~primetime~]

the hiring is wide spread...not just McDonalds

[KevinNYC]

Eh this all a disillusion when the debt is close to 18 trillion dollars.

Not to mention the wealth disparity is much worst and many of these jobs are low paying part time jobs.

Is disillusion a word you just coined? It's not bad.


The recent few years of job growth HAS been mostly full time employment (http://fivethirtyeight.com/datalab/novembers-jobs-report-crushed-it/)
https://espnfivethirtyeight.files.wordpress.com/2014/12/casselman-datalab-decjobs-4a.png

This was a very, very good report.

Wages were up
Hours were up
Overall Payroll was up
Previous months were revised upwards.

We still need more of a lot these months, We still need to recover more, but this is going to best year for new employment since 1999.

Trends are pointing up broadly across the economy.

[ALBballer]

Is disillusion a word you just coined? It's not bad.


The recent few years of job growth HAS been mostly full time employment (http://fivethirtyeight.com/datalab/novembers-jobs-report-crushed-it/)
https://espnfivethirtyeight.files.wordpress.com/2014/12/casselman-datalab-decjobs-4a.png

This was a very, very good report.

Wages were up
Hours were up
Overall Payroll was up
Previous months were revised upwards.

We still need more of a lot these months, We still need to recover more, but this is going to best year for new employment since 1999.

Trends are pointing up broadly across the economy.

Is this Obomanite really aruging semantics?

http://lmgtfy.com/?q=define+disillusion

Secondly you can be impressed by all the graphs you want but:

"While a chunk of the job gains were temporary or part time the gains were broad based enough and large enough to support career creation too. In a growing economy temporary jobs also have more potential to turn into full time opportunities which could be a good sign for future improvements to the employment picture."

http://www.forbes.com/sites/samanthasharf/2014/11/07/jobs-report-u-s-economy-added-214000-jobs-in-october-unemployment-down-to-5-8/

Regardless this is all a facade when the government is in debt over 17 trillion. This simply can not be sustained in the long term and until this issue is fixed this is all one big mental circle jerk between you and Primetime over these figures.

[nathanjizzle]

russwest0 heres your chance to make your move.

[DeuceWallaces]

A full time job at Macy's is still a job at Macy's.

[KevinNYC]

Is this Obomanite really aruging semantics?
http://lmgtfy.com/?q=define+disillusion[/url]
Nope. Wasn't familiar with the word. By the way, according to definitions you're using it wrong. The numbers would be an illusion. Your feeling about the numbers would be disillusion.
Secondly you can be impressed by all the graphs you want but:

"While a chunk of the job gains were temporary or part time the gains were broad based enough and large enough to support career creation too. In a growing economy temporary jobs also have more potential to turn into full time opportunities which could be a good sign for future improvements to the employment picture."
.
Um, since a chunk is not all or even most, that quote doesn't contradict what I said and the info at that link supports the idea that this was a very, very good jobs report. (http://www.forbes.com/sites/samanthasharf/2014/12/05/jobs-report-u-s-economy-added-321000-jobs-in-november-unemployment-steady-at-5-8/)
[QUOTE]Friday morning The Bureau of Labor Statistics reported the strongest payroll additions in years. Employers added 321,000 jobs in November, a number far greater than the 230,000 economists were predicting. .....

[~primetime~]

A full time job at Macy's is still a job at Macy's.
It doesn't look like that is what's going on here...energy prices much lower causing more spending on everything in general causing hiring everywhere.

Home and car sales way up...

[bagelred]

Eh this all a disillusion when the debt is close to 18 trillion dollars.

Not to mention the wealth disparity is much worst and many of these jobs are low paying part time jobs.

You realize every country has debt, the U.S. will always have debt, and it's really not a big deal, right? It's just about maintaining appropriate debt levels as compared to the GNP.

Of course, the GOP are the worst spenders and usually destroy the deficit/debt as compared to Democrats...but Democrats typically get spending back on track.

[Akrazotile]

You realize every country has debt, the U.S. will always have debt, and it's really not a big deal, right? It's just about maintaining appropriate debt levels as compared to the GNP.

Of course, the GOP are the worst spenders and usually destroy the deficit/debt as compared to Democrats...but Democrats typically get spending back on track.


Is that what Barry's done?

[~primetime~]

exactly if there is any 'disillusion' it is how some people view the debt

People have been freaking out about the debt for decades and decades...ever since it started. 20 years from now the debt will be 500 Trillion, making this current debt look like pennies, and people will freak out then too. It is a never ending cycle that grows infinitely along with inflation. The only thing that is changing is the number of zeros in our money.

[ALBballer]

You realize every country has debt, the U.S. will always have debt, and it's really not a big deal, right? It's just about maintaining appropriate debt levels as compared to the GNP.

Of course, the GOP are the worst spenders and usually destroy the deficit/debt as compared to Democrats...but Democrats typically get spending back on track.

I blame Bush for starting this mass deficit (ie 2 wars and huge tax cuts) and your boy Barry for growing it even larger. While yes there has always been debt it has never been to this historic level other than around WWII.

[KevinNYC]

A guy who bust his ass off at a burger joint shouldn't be looked at differently than a guy who cooks high-class gourmet at some fancy restaurant, as long as they're doing the same hardwork and got proper training.

If the guy cooking high-class gourmet is not a better cook than a guy at a burger joint than he is a pretty shitty cook.

[DCL]

over here, i've been seeing new grads from SF State (a pretty shitty ass school) get decent jobs in startups. maybe the trend is not happening as fast in other parts of the country, but i think the recovery has been mostly under-appreciated. the country is waaaay better than just a few years ago.

[sundizz]

Maybe I should renegotiate my salary offer. A starting salary of 58k in San Francisco is barely enough to pay rent, utilities, car insurance, car payment, and student loan debt (not to mention prior credit card debt). Sigh. Damn monies....

[ROCSteady]

Good thing I got my real estate license it seems.


Maryland has bread though, more than most states

[Tarik One]

Eh this all a disillusion when the debt is close to 18 trillion dollars.

Not to mention the wealth disparity is much worst and many of these jobs are low paying part time jobs.
Yep. $10, 11.50, & $12/hr jobs are rampant. Companies are taking advantage of the desperation of job seekers. They lowball applicants on the wages because they know that if you turn down the offer, there are dozens, hundreds of other applicants who will take it.

[ThemBombs]

it's a bubble economy. it's one of the biggest consequences of a mixed economy when public spending and stimulus gets out of hand.
everyone who has taken courses on economics and thoroughly understands the laws of economics knows this won't last very long. in fact, this is probably the "indian summer" economy we're supposed to enjoy before a major crash.

look at what happened in Greece. in Japan. in Argentina.

a global economy sustained on bubbles and debt won't last very long. and considering 3 of the 10 world's largest economies have officially slipped into recession, with Russia confirming it will in 2015 and several others also preparing for a recession, the economic future is in fact very bleak.