Best answer:

Answer by Mogollon Dude
Scrap dealers .

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The great news is, days like these are ending. There’s a new website named JobBite that allows you rate your employer. Check out the site and you be able to read reviews on thousands of companies. From manufacturing to sales and else you can think of, no more walking into a blind date with a new employer.

JobBite doesn’t just give you overall feelings about an employer, you have the ability to see salaries and benefits too. Visualize for a moment, you decide you want to research what’s it like working at WalMart or Halliburton careers. Click over and get specific compensation for a tons of different of positions. The coolest part is that it’s easy to research places of employment and there isn’t any sign up required.

Is this info actually real and useful? I think so, a quick look through some of the reviews and you’ll find that many of them are very detailed which means it’s unlikely to be written by some random troll looking to bad mouth a company for whatever reason. I wish sites like this were around when I was starting my career. A lot of trouble in my life could have been avoided. This type info puts the power in the hands of those seeking employment. Good luck with your job search!

Question by April Junior Fan: Now that the recession seems to be over, how long will it take for all the jobs to come back?
Stock markets are soaring, housing is booming, retail and consumerism is on fire. With all of that data showing that the economic slowdown/recession is finally over, how long will it take for jobs to flow back?

And was this the shortest recession in history?

Best answer:

Answer by Cut Throat B****
If that is what you believe then be prepared for the shortest stock market soar and housing boom in history.

What do you think? Answer below!

The recession’s been over since June 2009, really. The National Bureau of Economic Research says so. It lasted 18 months, from December 2007 through June 2009, making it the longest recession since World War II.

Unfortunately it’s been a weak recovery. In an effort to stimulate the economy and create more jobs the Federal Reserve has a plan they’ll implement known as QE2. They need to implement QE2 because QE1 didn’t do the job. QE or “quantative easing” of the money supply is supposed to increase the amount of money in circulation, which will help stimulate the economy and create jobs.

The problem with this approach is that it’s the same approach taken by the Weimar Republic in Germany following World War I. Remember the horror stories about the Deutsche Marks not being worth the paper they were printed on and needing a wheelbarrow full of them to buy a loaf of bread? Federal Reserve Chairman Bernanke admits that the impact will be minimal on the housing industry and that he’s trying to boost stock prices. Basically, the Federal Reserve is still following policies favoring Wall Street over Main Street, stock prices over jobs.

The last time the economy in the U.S. was really doing good was during the Clinton Era. Neither party is solely responsible for that. It was a mindset adopted by both parties to take deficit reduction seriously that led to a policy of economic sanity.

Before Clinton, the first President Bush took a hard political hit for reversing his promise, “read my lips, no new taxes.” But it was felt that deficit spending was at an unacceptable level and action needed to be taken. Early in Clinton’s presidency he also took a political hit for raising taxes.

In 1994 Clinton lost both houses of congress to the Republicans. Without a Democratic majority Clinton was unable to pass spending measures on pet projects that he probably would have otherwise. Because of this shotgun wedding of a Democrat in the Executive and a Republican controlled Legislature, deficit reduction became a reality for the first time in recent history. So why does Obama, Bernanke, and Timothy Geithner in Treasury, pick the path followed by Weimar Germany over that of the Clinton Era?

The Republican Party deserves a fair share of the blame for the present deficit. During the presidency of the second President Bush almost all Republicans rolled over for him, giving him everything he wanted. That included deficit spending in amounts unheard of up until then. Bush likes to blame 9/11 and the War on Terror for everything that took place during his presidency. But that’s a convenient cop out. Remember, it was his own Vice President, Dick Cheney, who said, “Reagan proved that deficits don’t matter”.

Obama’s astronomical level of deficit spending is a natural progression from what Bush left him. The Republicans needed a Democrat in the White House before they rediscovered their ooh so righteous indignation over deficit spending.

Bernanke says that QE2 will expand asset purchases of Treasury Bills by about billion a month. This amount can be adjusted as the Federal Reserve feels necessary. Hopefully the new legislature will work to shelve this plan as a recipe for failure. The European Central Bank wasn’t impressed by QE2, and Business Week believes that QE2 will only have limited success in sustaining economic growth and creating jobs.

Greed has proven to be the downfall of laissez faire economics. For long term economic stability the Glass Steagall Act needs to be reenacted. Glass Steagall was enacted in 1933 during the Great Depression to separate the ownership of commercial banks, insurance companies, and investment banks or brokerage firms. This was intended to protect the commercial banks which most Americans rely on for their savings and their home mortgages. Glass Steagall performed the job for which it was intended admirably. Repeal of Glass Steagall began in 1980 and it was fully repealed in 1999. The repeal had direct consequences in the meltdown of the mortgage industry.

There’s a danger to any country when they become overly indebted to private banks such as the Federal Reserve. The banks use this indebtedness to leverage control of a country’s natural resources, leaving that country with even bleaker prospects, its citizens with fewer jobs and in servitude. For further elaboration on this subject I highly recommend two books, the Shock Doctrine by Naomi Klein, and Confessions of an Economic Hit Man by John Perkins.

At least there are a lot of new people in both the House of Representatives and the Senate. Let’s wish them the best; they’ve got a lot of hard work ahead of them. Hopefully they’ll place jobs ahead of stock prices. I think the bankers have abused the American people enough as it is.

References:

http://www.huffingtonpost.com

http://www.factcheck.org

http://www.businessweek.com

http://www.chron.com

www.sourcewatch.org

Find More Recession History Articles

The three biggest lies about the economy (The truth about jobs, the market and U.S. socialism)

Myth 1: Unemployment is below 10%

Myth 2: The markets are panicking about the deficit

Myth 3: The U.S. is sliding into “socialism”

Fitch Ratings says in its latest Sovereign Review and Outlook report that the outlook for the global economy and sovereign credit is at a critical and uncertain juncture. Economic data show the global recovery is strengthening, but concerns over sovereign debt sustainability in some euro area countries and renewed market volatility raise the risk of a double-dip recession. Request sent

The global recovery has strong momentum, and Fitch’s base case is that global GDP will grow 4.1% in 2011, after contracting 3.1% in 2010, helped by a rebound in world trade, a turn in the inventory cycle and accommodative fiscal and monetary policies. Emerging market (EM) economies are providing the main impetus to growth, helped by a gradual recovery in US consumption and a strong rebound in Japan. However, activity in the euro area remains sluggish. The extension of loose monetary policy should support continued expansion in 2012 – albeit at a weak pace relative to previous recoveries – despite the fiscal consolidation plans currently mapped out by major advanced countries. However, the high degree of macroeconomic uncertainty is highlighted by the presence of inflation and deflation risks, and the scope for policy misjudgments is high.

Consider, for example, the situation among men of prime working age. An analysis of data at the U.S. Labor Department shows that there are 79 million men in America between the ages of 25 and 65. And nearly 18 million of them, or 22%, are out of work completely. (The rate in the 1950s was less than 10 %.) And that doesn’t even count those who are working part-time because they can’t get full-time work. Add those to the mix and about one in four men of prime working age lack a full-time job.

To hear the G-20 tell it, the U.S. and other top countries had better slash those budget deficits before the world comes to an end. And maybe the markets should be panicking about the deficits. But they’re not. It’s that simple. If they were, the interest rate on government bonds would be skyrocketing. That’s what happens with risky debt: Lenders demand higher and higher interest payments to compensate them for the dangers. But the rates on U.S. bonds have been plummeting recently. The yield on the 30-year Treasury bond down to just 4%.

For a system allegedly being strangled in its bed, U.S. capitalism seems to be in astonishingly robust shape. Numbers published by the Federal Reserve a few weeks ago show that corporate profit margins have just hit record levels. Indeed. Andrew Smithers, the well-regarded financial consultant and author of “Wall Street Revalued,” calculates from the Fed’s latest Flow of Funds report that corporate profit margins rocketed to 36% in the first quarter. Since records began in 1947 they have never been this high. The highest they got under Ronald Reagan was 30%. The picture is also similar when you exclude financials.

The Dow Jones Industrial Average is above 10,000. Small company stocks have rallied astonishingly since early last year: The Russell 2000 index is back to levels seen not long before Lehman imploded. Meanwhile Cap Gemini’s latest Wealth Report notes that the North American rich saw an 18% jump in their wealth last year. Meanwhile, federal spending, about 25% of the economy this year, is expected to fall to about 23% by 2013. In 1983, under Ronald Reagan, it hit 23.5%. In the early 1990s it was around 22%. Some socialism.

These days, three-fifths of the entire budget goes on just three things: Insurance for our old age (through Social Security and Medicare), defense, and debt interest. Conservatives don’t want to cut the 0 billion-plus we spend on defense. We can’t cut debt interest payments. And while Social Security and Medicare certainly need reform, the main “problems” are simply rising life expectancy and health care demands. If we didn’t provide for the insurance through our taxes we’d have to do it individually.

The USA is being navigated to very serious inflation. The good consequences would be: much less real debt (nominal debt it will be the same) for the US, for the future taxpayer, for the homeowners. Bad consequences: the savers will be punished badly. All the retirees etc, USD will loose its position as the sole reserve currency of the world, hence USA will lose its role as a sole superpower. Overall if you are not a saver in USD it will not be that bad.

Source: Techcrunch

Looking at the above chart, all industries are hiring lesser staff, some less than others. IT job listings are down 43 percent from a year ago. Healthcare is holding up the best with only an 8 percent decline, but nevertheless still a decline. Job postings in banking and financial services have decreased 48 percent (to 144,569), and media and newspaper job listings are down 47 percent (with only 24,104 postings).

The global economic recession has, without a doubt, taken its toll on job seekers’ hopes, as we are now experiencing what is called the employers’ market. Job opportunities have plunged, and it still can’t be seen when the number of jobs available will rise, although many contemplate it should be soon, since the only way to go after hitting rock bottom is up.

Some people choose to wait the recession out, but who knows for sure when the economy is likely to pick up, and what can one do in the meantime?

1. Look at industry data

Despite the recession and the shortage of jobs, there are still research industries and job sectors that are encountering a shortage of workers or are still undergoing job growth. This is an area you may want to concentrate on in search of a job.

2. Upgrade your skills

Skills are what employers look for when hiring, so the more specialized skills you have, the higher your chances of being hired. It would be a good idea to use the time you have while waiting for a job to pick up a new skill or hone an existing one.

3. Try part-time or freelance work

If you’re not able to clinch a full-time job just yet, why not try working part-time or do freelance work instead first? These will definitely help with your expenses while you wait for a full-time job, and your future employer might very well take into account your enthusiasm and the skills you pick up while engaging yourself in such work. Moreover, you never know if your part-time or freelance job can lead to an attractive full-time one!

4. Network, network, network

As much as we all complain about small talk and other networking pains, one cannot deny the impact it can have on one’s social and professional life, and even more so in such an economic climate. Think about it, with no one hiring, possibly your only chance of getting your foot in the door is by knowing someone on the inside and convincing them how you’d be a perfect fit in the company.

5. Self-assessment

Before you even try to convince your employer about your strengths and how you’d be perfect for the job, perhaps you need to convince yourself first. Take some time to evaluate your interests, skills and strengths and how these can be a good fit with a company. Do a role play with someone objective and experienced to practise your answers to interview questions. Body language would also be a crucial deciding factor during the interview, so do make sure you are familiar with the dos and don’ts.

6. Learn to accept rejection

Many people wallow in their defeatist attitude and seriously, nothing ever comes out of that. Of course, nobody likes being rejected, and receiving countless rejections can lead to strong dejection, but think about it this way, people emerge from failures and rejections much stronger than before. Be ready to face countless rejections, but pull yourself up quickly because acceptance might be just round the corner.

7.  Polish your resume

Be sure to update your resume! Moreover, remember how you thought you didn’t look good in that one-size-fits-all apparel? More so for a resume that must be tailored differently for every job application. To make your resume stand out to the employer, always place the most relevant experience or qualification first for every different job application.

Gone are the days where we actually need to physically go to individual companies or snail mail them our resumes. With everything done electronically these days, your best bet for getting a job is through an online job portal. Jobsites in a way help match make employers and employees by providing a platform for them to find each other and discover the good fit they make. Most jobsites are 100% free and it makes applying for jobs and submitting your resume very easy and convenient. Many fresh graduates like Leonard G. find their jobs successfully through online Canada jobs sites, and have found very fulfilling and rewarding jobs, thanks to the great accessibility provided by these job-seeking platforms in Canada.

Remember, be active in your job pursuit, and be realistic. Best of luck!

Question by Average College Idiot: How come 48% of all jobs created post recession have been created in one state, Texas?
That would be Rick Perry’s state, and he might be running for President.

http://europeancourier.org/test/2011/06/18/48-of-post-recession-jobs-were-created-in-texas-which-does-not-have-a-state-income-tax/

Best answer:

Answer by Scrappy Coco
texas is beast thats why i live there!!!

Give your answer to this question below!