Welcome to Omgili,
Omgili ( Oh My God I Love It ;) is a search engine for discussions. With Omgili you can find answers and solutions, debates, discussions, personal experiences, opinions and more... To learn more about Omgili click here.
This is a complete preview of the discussion as it was indexed by Omgili crawlers. Use this preview if the original discussion is unavailable.
Click here to view the original discussion.
 |
|
 |
|
Yahoo! Message Boards - The A Team - * 95% of jobs created were temporary!
<<At least my Marina gives me free ice with a gas fillup .
. .>>
Is that for keeping the lobsters cold?
|
|
 |
|
 |
|
|
|
|
I understand that Bond_Da y is in negotiations for Greg Norman's old boat.
See http://home.earthlink.net/~tei_share/ima...
|
|
|
|
|
|
|
|
|
<< At least my Marina gives me free ice with a gas fillup .
. .>>
guess who they buy their ice from ?
i figger by July we'll charge more for a bag of ice than a gallon of gas !
|
|
|
|
|
|
|
|
|
>> but read in WSJ today how soybean and grain prices on moon is finally working its way to much higher prices in the supermarkets <<
Got a good case of sticker shock yesterday - been buying 2-stroke motor oil at K-mart for years at $5.99, which is usually a couple of bucks cheaper than anywhere else.
They raised their prices to $8.99 a gallon last week.
*OUCH*
At least my Marina gives me free ice with a gas fillup .
. .
|
|
|
|
|
|
|
|
|
I admit this is anecedotal but I had a lot of experience with temporary work (most of it full time) for part of both 03 & 02.
First of all, there were several full time permanent positions I could have had, but forgetting that for a moment, I just want to comment on one large company and my experience there.
Starbucks has one of their largest plants here and it has been getting bigger and bigger as the years go by.
They also use a fair number of temporary full time workers.
What was interseting was that most of the permanent full time workers I spoke to had, at one time, been temps.
Most had worked as temps a minimum of 3 months before being offered a permanent position, some longer.
Interestingly, the main reason for not making them permanent has little to do with benefits.
Rather, it is to make sure they "fit" ...and that they will stay.
Most companies have a probationary period and that last usually about 90 days.
During that period you can get rid of a person without cause.
But there are real problems with having a specific and arbitrary period.
I not only like Starbuck's approach (not my favorite coffee), but I have a feeling it's used by many others.
|
|
|
|
|
|
|
|
|
<we might miss these kinds of things but lower income America surely does not >
lower america here.
I am not keeping an exact count, but the cost of my life is basically unch'd.
Phone, mail [via e-mail], travel, clothes and computer stuff is so much cheaper...this makes a big difference to me.
|
|
|
|
|
|
|
|
|
<<cooking oil up over 20% recently >>
Started a position in BG yesterday - looks good to me.
|
|
|
|
|
|
|
|
|
<< sure, but what would force the Fed to raise rates would be upward pressure on wages, right?
>>
agreed that the wages earned part of the data is far less than 'robust'
but read in WSJ today how soybean and grain prices on moon is finally working its way to much higher prices in the supermarkets
cooking oil up over 20% recently
we might miss these kinds of things but lower income America surely does not
watched Glassman (head economist) all pumped up on CNBC this morning how one has to get long alot of stocks right now but his focus was purely on earnings at corporations and how they justify higher stock prices and he emphasized (holding up 2 fingers) how little commodity prices means to our economy
lots of conflicts here we all need to balance in our own minds
|
|
|
|
|
|
|
|
|
<< sort of suggests that there is plenty of temp work demand if people looking for fulltime work can land temp jobs in this size this quickly , no ?
>>
sure, but what would force the Fed to raise rates would be upward pressure on wages, right?
Average hourly earnigs down and average workweek down suggests continued patience at the Fed, not a rush to raise rates....
I think they'd love to see a full blown recovery with no increase in wage inflation
|
|
|
|
|
|
|
|
|
With total compensation costs so high for fulltime employees , be rest assured that many companies hire people as 'temp workers' with no intention of them being temps
by hiring somebody as a temp , they get nothing but but a paycheck they are treated as outside consultants / contractors .
it also gives them full flexibility to eject these people if the recovery slows down
but most temps want fulltime jobs and if demand for workers increases , many of these temps get fulltime status or leave and go to companies where they CAN get that status
you will never see employers load up on fulltime workers again in this country there are huge companies today specializing in the placement of temp workers
thus any economic recovery in the future will start with a blast of temp hiring
"" Lacy opines that Congress did not renew
unemployment benefits so many people took whatever they could get.
This accounts for the surge in people entering the workforce.""
sort of suggests that there is plenty of temp work demand if people looking for fulltime work can land temp jobs in this size this quickly , no ?
|
|
|
|
|
|
|
|
|
Daysunsan:
This type of report is showing up in various forms across the media.
It will be interesting to see if the rationale for the huge sell off yesterday in interest rate sensitive stocks is reversed due to second thoughts on that possibility of interest rate increases.
Sojo
|
|
|
|
|
|
|
|
|
I subscribe to the chuck butler's daily pfennig from everbank.com, and thought i would share a tidbit from this mornings missive
OK...
Onto other things...
HOLD THE PHONE ON THAT SO-CALLED JOBS
CREATION DATA from Friday!
Did my shouting come through the internet?
If
not, believe me now and hear me later, I'M SHOUTING!
My friend and well
respected analyst, John Mauldin sent me a report yesterday that the
markets obviously didn't have privy to when they sent the dollar soaring
on Friday...
Here's the skinny...
Lacy Hunt of the King Report broke down the labor data and here's what
he found...
This also answers many questions I received yesterday about
how could we gain 308k jobs and the unemployment rate rise?
Well, here
goes...
" Of the 308k jobs created, 296k are temporary or part-time jobs!
(95%!)
Let us repeat and let's be very clear, almost all jobs created in what
is heralded as a great employment report are part-time jobs.
"In March,
the number of persons who worked part time for economic reasons
increased to 4.7 million, about the same level as in January.
These
individuals indicated that they would like to work full time but were
working part time because their hours had been cut back or because they
were unable to find full-time jobs.
(See table A-5.)" People want
full-time but can't find it.
Lacy opines that Congress did not renew
unemployment benefits so many people took whatever they could get.
This
accounts for the surge in people entering the workforce."
The reason I make this out to be such a big deal, and it's not politics
(as I've been accused of in the past), is that so many decided that this
report would be the straw to stir the Fed Reserve's interest rate hike
drink...
I don't see the Fed moving on numbers like that!
How could
they? I wonder when the markets will get wind of this, and take
appropriate action?
They sure didn't yesterday, as the euro was pushed
down to 1.1984, only to recover overnight close to the 1.21 handle!
The St.
Louis Fed's Poole, will speak today, it will be interesting if
he brings up the labor report...
|
|
|
|
|
|
|
|