Monday, 21 July 2014

Jobs gone forever: Unemployment insurance turning into a pension.

This US chart shows unprecedented jumps in the wait between jobs, measured now in months instead of weeks since the 2008 recession struck.  It's not a ripple, it's a sea change.  Some jobs are disappearing forever.  The 2008 economic stall helped, feckless Obama helped, and businesses have been prodded into finding ways to do more with fewer people so they can survive.
Source at Zero Hedge

Related: The full-time job loss since June of 2007 now tops five million. The overall job loss is still 2 million, in spite of the fact the US now has a working-age population that is 14 million higher than in June 2007."

Did you read about the hamburger machine that makes better, fresher hamburgers faster than paid staff? Your choice of lean, beef and pork custom ground, blended and grilled.

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