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Well, while the numbers DID reflect continued job growth, they WERE pretty anemic. We definitely need to see MORE private sector jobs created - and I still believe that will happen, but the truth is (positive growth or not) the private sector job numbers WERE disappointing. It STILL reflects job gowth (as opposed to the job destruction we faced a year - or even 6 months - ago) but it's not nearly as much as we need to see. There is still a lot of nervousness out there on the part of employers.
Ken
Why Ken..that's a very sobering post. You always seem to find the gold lining in most of the government published numbers..you are the optimist among us posters.
I don't like the trend myself..I try to look beyond the government created jobs because, as you say, it's the private sector numbers we want to see.
Believe it or not, you too are a trend and you're trending down this month for us posters on C-D
It IS really bad. An economy in recovery should be gaining jobs at a good clip.
According to the report 200,000 LEFT the workforce after gains for the last few months.
You should be crying, most definitely.
What the hell do you expect when employers have outsourced millions of jobs to other nations? Go in to any store and see how many items are made in China. Try to find anything made in the USA. Look at the trade deficit and you will see the problem. Adam Smith, the father of capitalism, must be rolling in his grave.
Ummm...since the "free market" supposedly creates jobs...shouldn't any complaints about a lack of h=jobs be directed to the same "free market?"
Just wondering....
Ummm...since the "free market" supposedly creates jobs...shouldn't any complaints about a lack of h=jobs be directed to the same "free market?"
Just wondering....
It's not really a free market when it's being stiffled with government mandates. Mandatory healthcare IS a factor being considered by small business as an example.
It's more like a highly regulated market with big business being the benefactor at the expense of the small/medium businesses who cannot afford to meet these regulations and mandates.
Really doesnt help when Obama scares employers thinking there will be alot of tax increases.
Employers are going to hold back on hiring wondering how bad they are going to get hit.
Hewlett-Packard just announced that they are eliminating 9000 jobs and sending most overseas. Once we get a government that realizes taxing the hell out of businesses does not produce jobs this will only continue. And the present administration is so out of touch with reality. Hopefully that will change later in the year.
Hewlett-Packard just announced that they are eliminating 9000 jobs and sending most overseas. Once we get a government that realizes taxing the hell out of businesses does not produce jobs this will only continue. And the present administration is so out of touch with reality. Hopefully that will change later in the year.
They are implementing their idea of a fair and just society where everyone gets everything they want or need one way or another.
Business is reacting to this and they won't wait until the mandates are in place..they will be proactive and be ready to not get taxed to the hilt next year.
Hewlett-Packard just announced that they are eliminating 9000 jobs and sending most overseas. Once we get a government that realizes taxing the hell out of businesses does not produce jobs this will only continue. And the present administration is so out of touch with reality. Hopefully that will change later in the year.
Nothing to do with taxes, but nice try. I do agree that corporate tax is US is too high, and has been for decades. Also, the 9000 are not necessarily US workers.
NEW YORK — Hewlett-Packard Co., the world's largest information-technology company, plans to lay off about 9,000 employees as it tries to cut costs in its back-office computing centers and deepens its use of software, rather than people, to do some of the work that those hubs require.
The changes to these data centers, which are clusters of computers that run websites and process information for HP's corporate customers, will be made over about three years, the company said Tuesday. The layoffs amount to about 3 percent of HP's global work force, which had 304,000 employees as of October, the most recent figure available.
HP said it will take $1 billion in accounting charges, part of which will be used for severance to the laid-off workers. But it also said it plans to replace two-thirds of the jobs elsewhere in the company, by hiring 6,000 people to boost its global sales and delivery staff.
Like most companies that offer such services, HP has data centers around the world. The company has more than 100 centers that it operates for its customers and plans to cut that number roughly in half, but it did not specify the locations.
Nothing to do with taxes, but nice try. I do agree that corporate tax is US is too high, and has been for decades. Also, the 9000 are not necessarily US workers.
NEW YORK — Hewlett-Packard Co., the world's largest information-technology company, plans to lay off about 9,000 employees as it tries to cut costs in its back-office computing centers and deepens its use of software, rather than people, to do some of the work that those hubs require.
The changes to these data centers, which are clusters of computers that run websites and process information for HP's corporate customers, will be made over about three years, the company said Tuesday. The layoffs amount to about 3 percent of HP's global work force, which had 304,000 employees as of October, the most recent figure available.
HP said it will take $1 billion in accounting charges, part of which will be used for severance to the laid-off workers. But it also said it plans to replace two-thirds of the jobs elsewhere in the company, by hiring 6,000 people to boost its global sales and delivery staff.
Like most companies that offer such services, HP has data centers around the world. The company has more than 100 centers that it operates for its customers and plans to cut that number roughly in half, but it did not specify the locations.
Indeed. Those layoffs are being driven by TECHNOLOGY changes - NOT by the US tax structure.
Quote:
Originally Posted by HappyTexan
Obviously HP didn't get the message that the economy has recovered and job creation is on the increase.
As mentioned, it's technology changes driving those particularly layoffs and they would happen NO MATTER WHAT the economy does. As someone VERY FAMILIAR with HP's it's something I can attest to. I spent 25 years working in IT in an HP environment.
Ken
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