Jobs Update

An updated view of the job situation.

Source: Bud Conrad, Casey Research

The Tigers Plan A Protest

Say it isn't so! My Tigers are about to join the collegiate protesting ranks. The financial pain continues for colleges.

BATON ROUGE, LA (KPLC) - "It's being called the largest layoff in LSU history. Hundreds of instructors are in danger of losing their jobs. Tuesday, they're expecting to get a letter that warns they will lose their jobs in the coming year if the university can't come up with another way to trim the $13 million in cuts ordered by Governor Bobby Jindal. So, instructors are gearing up for a protest today. They're inviting students and the general public to show up for a memorial service at the flag pole on campus today from 12 p.m. to 1 p.m. They'll be protesting the cuts and wearing all black. They say they're mourning the loss of the university's flag ship status."

Source: KPLC

Another Delayed Notification

I've commented a few times about the fact that the media reports on what "has" happened and rarely reports on what "might" happen in the future. I found it comical recently while reading the New York Times that they reported that virtually no jobs have been added on a rate of change basis in the private sector over the last 10-year period. They explain that the miniscule growth was related to government hiring. Now that the economy is "down the contraction road" they now report a metric that has had warning signs for 9 years and 364 days. Wouldn't it be helpful if a year ago they present these data and forecast that the trend might continue for another year? As Gerald Celente continues to state "why do we continue to listen to the same people that didn't warn us that this was coming?"

The article:
http://www.nytimes.com/2009/08/08/business/economy/08charts.html?hpw

The chart:
http://www.nytimes.com/imagepages/2009/08/07/business/20090808_CHARTS_GRAPHIC.html