Tag Archives: jobs

02/2/22

Governors and Jobs — The Big Tell

Lousy jobs report coming out on Friday showing the United States lost more than 300,000 jobs in January 2022. Hello, America! Not good.

The White House is working overtime trying to come up with some explanation as to why the “fastest economic growth in nearly four decades” misses the mark by more than 500,000 jobs in a single month [expected 200,000+ new jobs and will show a loss of 300,000+ jobs resulting in a 500,000 + jobs miss, ouch!]. This is a huuuuuuuuuuuuge miss.

In a storm of record inflation the Biden jobs record — primarily a dead cat bounce by all indications — was the only actual bright spot on the big picture.

A dead cat bounce has nothing to do with Catwoman, who is very much alive and contemplating a remake of her iconic movie. It is a technical term of financial art meaning that even a cat dropped from a great height bounces upward when it hits rock bottom. [It is presumed the cat dies from the fall.]

But, that is not the story I want to tell you today. Continue reading →

10/31/21

Some Thoughts On Job Creation

Presidents are always puffing up and beating their chests about all the jobs they’ve created by their general goodness, wisdom, and pluck.

Here’s the thing — we don’t need any more jobs in the short term. We have plenty of jobs.

We need folks to fill jobs. Let me show you why I think this:

 1. The US Bureau of Labor Statistic publishes a nifty monthly report called the JOLTs report — Job Openings and Labor Turnover. Catchy, eh?

It always seems to be a little behind the times, because the most recent one was published on 12 October and it had the August 2021 numbers.

 2. The report provides information on:

The number of open jobs;

The number of hires;

The number of folks who have quit their jobs; and,

The number of folks who have been involuntarily laid off, discharged, or “other” separations. Continue reading →

03/17/20

When Innovation Kills Good Jobs

In case you have not noticed, there is a short term crisis that has necessitated the closing of many schools, a re-orientation toward distance learning, and a growth of innovation surrounding this changed condition.

Distance learning has been an ongoing thing for some time already and the use of technology in education is no spring chicken. [Some of the big college MBA programs are delivered exclusively through distance learning with limited to no degradation of the experience.]

One distance learning company has an outstanding call for 5,000 teachers to provide classes through its platform.

Continue reading →

09/19/19

Amazon Hiring

Big Red Car here on a rainy day along the Houston coast. They are saying Houston might get TWO FEET of rain. Wow!

So, Amazon has been holding a hiring extravaganza. They held a multi-city job fair on 17 September 2019 in Arlington, Boston, Nashville, Dallas, Chicago, and Seattle. This is where the job fair is being held, but the jobs are all over the country.

Young lady pointed out to me that the “a” and the “z” on the logo are connected by the arrow ’cause Amazon will sell you whatever the heck you want from A >>>> Z. OK?

You will note that they did not hold a job fair in Long Island City because the local Dem politicians ran Amazon and its proposed HQ2 off. That ended up with places like Austin By God Texas and the places noted above getting more of the hiring tasking.

You may credit the savant Congresswoman Alexandria Ocasio-Cortez for that move. Well played, AOC. Who needs those stinking jobs, eh?

Yeah, I did that. Ran off those 25,000 Long Island City Amazon jobs. Me. Green New Deal rules! (Notice I have my “smart girl” glasses on.)

Continue reading →

07/8/19

Austin — Tech Pros Love It

OK, so you are probably getting tired of your Big Red Car touting Austin, but allow me one more bit of apple polishing, may I?

Austin By God Texas has been identified as THE MOST DESIRABLE CITY for a tech pro to work in the United States.

Plus, you can swim at Barton Springs and swim laps in its 65F water temp, 1/8th mile length. Ahh, Austin!

Image result for images of barton springs

Surprised?

Continue reading →

01/4/19

Jobs

Big Red Car here on a Jobs Report Friday. Hey, have a great weekend.

So, I was a little concerned about the December jobs report — because of the dipping stock market, the election results, the Fed’s moves, the general tenor in the air.

No reason to be alarmed, apparently.

Continue reading →

11/12/18

Strength of the Economy

Big Red Car here, snowing in the Panhandle and going to be 30F in the ATX tonight? Yes. Snow tonight? Nah.

So, I like to take a look at information below the surface to prove or disprove what the surface currents seem to indicate. One of my favorites is to plumb the depth of the job market and its inverse, unemployment.

Anybody with a brain knows that U-3 — the measure of unemployment that the media uses — is not very accurate for a number of structural reasons. While, folks also know that BLS U-6/7 is a better snapshot.

One other area I like to look at is full time v part time employment.

Continue reading →