There is all this talk about optimism in the economy. We are hearing the job picture is getting better and more Americans are beginning to go back to work. Is this the truth?
Remember we are in the holiday season where temporary holiday jobs are abundant. Have you seen how many jobs UPS has in the paper? Are most of them permanent full time jobs with benefits? I didn't think so.
According to Bloomberg, as the mainstream media works to spin the truth about jobs, November wasn't a good month for job creation as layoffs are on the rise again. If it wasn't for the holidays, there would be no cheer.
Employers in the U.S. announced plans in November to cut 48,711 jobs, the most in eight months, as government agencies trimmed payrolls.
Now 48,711 doesn't sound like a lot compared to where we where at. The problem is employers aren't prepared to hire, and as you can see many of these were government jobs.
Challenger reports that hiring plans crashed from 26,012 workers, down from 124,766 last month. Some of that dropoff is reflective of seasonal hiring patterns. The key question is how many of those hired last month survive into the new year.
That's the real problem here. The numbers reflect seasonal jobs, and there seems to be no solid evidence employers are ready to start hiring again.