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10-Year Private Sector Job Growth Finally Goes Negative

Posted by: Michael Mandel on September 04

Consider this a memorial service. Back in June, I wrote a post called “A Lost Decade for Jobs”, where I pointed out that 10-year private job growth was rapidly heading for zero.

Well, folks, it finally happened this morning. The employment report shows that private sector employment in August 2009 was lower than it was in August 1999—the first time this has happened since the Great Depression. Here’s the chart:


Yes, people have objected that I’m comparing a boom year to a bust year, and so I am. But frankly, comparing bust years to bust years doesn’t make the picture better.

Here’s the change in private employment from one recession trough to the next (assuming that August 2009 is a recession trough).


For example, from the recession trough of March 1991 to the recession trough of November 2001, private employment rose by 21.7%. That’s typical…in general, private jobs grow from recession to recession.

But not this time! As of August 2009, we are down 839K private jobs compared to the previous trough in November 2001. The only other negative trough-trough case was July 1980 to November 1982—and many economists treat the 1980 and 1981-82 recessions as a single downturn.

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Reader Comments


September 4, 2009 03:40 PM

Thank You George Bush and the conservative think tank messiahs of free(?) enterprise and capitalism(?)!


September 4, 2009 03:50 PM

Why this continuous purge of jobs? Simple answer is our wages are too high compared to most countries. Yes, there was a time we were more educated, inovative and were a skilled work force. But now people of other countries have caught up.


September 4, 2009 03:55 PM

And how is our green stimulus plan doing, how is manufacturing doing?


September 4, 2009 04:04 PM

Chilling statistic, but it also sets the stage for a major snap back in employment. We may see a strong business driven rebound as firms have access to a large and eager hiring pool. This has tended to happen in the past as long as structural impediments -long-term wage contracts, etc. - were not in place. Analysts are always caught by surprise at how quickly economies can turn - up or down.


September 4, 2009 05:07 PM

Obviously time for another tax cut for the top 2% of income earners, since it worked so well last time. Stop exporting jobs to China and stop importing H1-B 'talent' and the trend will quickly reverse.


September 4, 2009 05:12 PM

Thank you Obama and free-spending liberal Democrats! Without your negative-stimulus programs and tax increases this crowning achievement would not have been possible.


September 4, 2009 05:38 PM

This could be an effect of the shift to a knowledge economy in the US, and the growth of offshore blue-collar service and manufacturing industries. If GDP (inflation adjusted) has grown in the same time frame, and per capita incomes have grown as well, this is not bad on the whole. It may be due to inadequate supply of workers suitably tooled for the knowledge economy, poor attitudes towards labor intensive work and/or US wages for labor-intensive work are too high.


September 4, 2009 05:38 PM

Economists said that globalization was good for us and would lead to stronger economic growth. We came through a decade of rather tremendous innovation and rapid expansion of globalization. And now we are worse for it? So far, the basic recommendation (here) has been to do more of the same, only faster.

Is there any chance the your models and theories are simply wrong - or that you were not telling us the truth about the impact? It seems that we will continue to shed jobs and wages until we meet other nations rising up in say, 2020.


September 4, 2009 05:47 PM

Poor table. The axis on the first table does not have any dates so it is difficult to judge where, for example, is 2001. Since this is a "percent change over previous 10 years" metric, I would like to know what the base was (total population of employables) for purposes of the comparison. If we have an aging population, for example, with less labor force participation, you would expect to see a decline, and a dramatic one.

You can do better.


September 4, 2009 05:52 PM

Wow, where's all the "free trade" and pro (illegal) immigration supporters? I think the data speaks for itself.


September 4, 2009 08:40 PM

Several years ago when our wonderful government shoved American workers into direct competition with the world's labor pool (NAFTA), I said to many of my friends that there was no way that the American worker would win this competition. How do you compete with people that will work for less than a dollar an hour? You do not. I see America free falling to a level where we will be just another banana republic with a dictator as our "president". We are getting really close with the current pack of pols that we so grandly elected a few months ago. Hold on to your money because I believe that we have not seen the really bad stuff yet. Can you imagine paying $ 5.00 for a loaf of stale bread?
I can.


September 4, 2009 08:43 PM

Hey man,
Do I sense a Obama lover behind the curtain? You can take it and do what you may. I have been taking BW since the early 1970's and it makes me sick that BW has someone like you as an employee.


September 4, 2009 10:41 PM

If we export enough jobs then unemployed Americans will start to die of hunger and the statistics will improve.

Joe Cushing

September 4, 2009 11:01 PM

Looks like we got our first bit of spam since you stopped the comment filtering.

There is so much pessimism in these comments. We will be fine in time. The public is outraged enough at the deficit that government is not likely to try anything else that is expensive. Only government can prevent the recovery.

Bad Times

September 5, 2009 12:42 AM

Meanwhile Obama does nothing but spend; helping Big Banks while Americans can't pay their bills. Where are the good paying, new jobs? Crickets...


September 5, 2009 01:21 AM

Welcome to the new age of globalisation and the new paradigm shift of the
'economics of scale'...Ancient India's humble contribution to human civilization ,the concept of "Shunya"...ZERO! It all adds up doesn't it.Only this time the zeros outnumber everything else!


September 5, 2009 02:35 AM

The anti-free-market policies of Obama are to blame. Bush thwarted a severe recession when he inherited Clinton's mess, only to see Obama overturn the good work, and worse.

Plus, I am stunned at the ignorance of some people. The people who say it is wrong to 'outsource jobs to India' also think it is wrong to bring in educated H1-B workers. These people fail to see the gaping contradiction between these two beliefs.

You can either bring the worker to the job, or the job will move to the worker. If the worker is brought to the US, at least he pays taxes in the US, buys goods in the US, offsets the retirement of baby boomers, etc.

But noooo. Idiots who oppose the immgiration of H1-B workers then are shocked to see the jobs go to where the workers are - workers who wanted to come to the US and be good taxpayers and consumers.

So the idiots who opposed H1-B visas and now oppose outsourcing have only their own economic ignorance to blame.

Alfredo Petrillo

September 5, 2009 05:47 AM

In Italy the situation is almost the same, personally I have initiated activities in 2008 and currently with no help from banks or the state I found myself having to bring my work home and work freelance.

Mike Mandel

September 5, 2009 07:51 AM


I was playing with a minimalist look for the chart, but you are probably right...more dates are better.

As for your other question..roughly speaking, the adult working population has grown about by 10% over the past 10 years. But it would be an interesting exercise to compare job growth and adult population growth over different periods.


September 5, 2009 10:39 AM

Thanks to our first simian president, george bush, for this crowning screw up. Thank god we have someone intelligent in the white house after 8 long years.

education matters

September 5, 2009 10:43 AM

Maybe if we spent more time reading and attending school instead of watching American Idol and talking rap lingo we may be able to do the jobs necessary for a 21st century economy.. H1-B vias are necessary to recruit the talent needed..


September 5, 2009 10:45 AM

We will rebound, history has already proved that over and over again.

Regarding outsourcing, it is really sickening to see jobs of H1B workers remain whilst citizens loose their jobs (I am from India and worked my way to get the citizenship status)

We need to stop handing over US jobs overseas once and for all


September 5, 2009 11:11 AM

The people are not to blame for this situation. This is a failure of leadership. Neither innovation nor education will solve this problem. We have to orient our thinking toward making as much for ourselves as we can. It should be perfectly clear that we cannot consume if we don't produce. If Americans wear shoes we should make shoes in America.

Mike Rosen

September 5, 2009 11:28 AM

Republicans have no concept of investing for the future. The GOP focus for 30 years on short term profits is finally coming home to roost. Gin those stock prices and stock options, offshore jobs and limit R&D - works great to jack up short term profits but a sure recipe for sucking the life blood out of an economy. Bravo GOP!

Now Obama wants to invest in technologies for future job growth and bring down long term health care costs so we can compete globally and the GOP screams socialism. This from a party that increased the debt by over 1000% over 25 years. Can you smell hypocrisy?

Yes, it's high time to jettison GOP/Greenspan embrace of Ayn Rand principles that led to the demise of our financial system and get back to the basics of building up our economy again i.e. if communist China is willing to lend us the money to do so.


September 5, 2009 12:07 PM

I live in Singapore and work for a US based bank. Its fantastic here and as for job security, if anything they are adding on staff evrey month. So here I get to enjoy agreat life style plus a secure job. Most jobs that move here are from NY or London. Contracts, when they come up for renewal in NY , are not renewd and instead they can add equivalent of nearly 2 in Singapore, which we ship directly from India or Philippines. Everything is global and I think we have to learn to live and adapt to the change. Jobs will move to a lower cost location like water will flow from a higer to a lower point.


September 5, 2009 12:44 PM

For crying out loud! Will you Obama-loving libs STOP blaming everything on George W. Bush? It's no surprise to anyone that he made some decisions that took the US in a negative direction, financially speaking, but it's B. Hussein Obama that is trying to lead us into a Marxist/Communist state where no one but those in power have anything. Personally, give me back "W". At least he's FOR American Independence. All Obama wants is power.

Asleep At The Wheel

September 5, 2009 12:57 PM

The last decade? Yeah, its plain to see in black and white that the GWB administartion was a complete and utter failure. Ironic and tragic that a man with a Harvard MBA ran the world's mightiest economy into the ground.


September 5, 2009 01:00 PM

Thanks, Zillo, for rubbing it in.

Prof. Samuel D. Bornstein

September 5, 2009 01:45 PM

The most important signal of any recovery is an increase in employment. Historically, small business has been a reliable source for job creation and has played a major role in jumpstarting previous economic recoveries. While small business is considered the job creation engine of our economy, this time it will be different. The unprecedented housing bubble, the vast number of underwater borrowers with negative equity, and the Alt-A and Option ARMs toxic mortgages will be the Game Changers. The small business job creation engine will be stalled by the expected spike in monthly payments as these mortgages reset over the next few years. The impact on foreclosures and unemployment will jeopardize the recovery of the U.S. economy.

This recession is unique in that it is complicated by the Housing Bubble of 2004 to 2007 when housing prices boomed and then tanked. Many refinanced or purchased homes and fell prey to toxic mortgages such as Alt-A and Option ARMs prime and near-prime mortgages. Among these homeowners are a significant number of small business owners, employing from 1 to 21+ workers, who were drawn into these mortgages by the ease in which they could refinance and access cash with low “teaser rates” and little or no proof of income, to quench their continuous need for an ongoing influx of capital for their existing or newly created businesses.

Refinancing was the easiest way to meet the small business’s cash flow needs. This option was chosen instead of the traditional sources of funding provided by the SBA, commercial banks, or other financing sources that required cumbersome financial statements, income documentation, and credit history.

These Alt-A and Option ARMs mortgages are scheduled to reset after the initial 5 year period, which means that mortgages issued in 2004 through 2007 will adjust in 2009 through 2012. These resets will usher-in the 2nd “Tsunami” wave of foreclosures that will come at the worst possible time for our economy. As these toxic mortgages reset and the monthly payments skyrocket, small business owners will be at risk of foreclosure and financial distress that will result in job loss for their employees.


September 5, 2009 02:39 PM

I love how the conservatives blame this on Obama, when he has been in office for less than 9 months, yet we had 8 yrs of George W Bush! Hummm....funny, considering when "W" came into the White House we were no longer in debt as a country. This is so scary. I hope the country bounces back quickly, which I doubt will happen. So your conservative Republicans, you can thank YOUR elected officials for this mess.


September 5, 2009 03:00 PM

er... in was Bush who increased R&D spending, after Clinton slashed it. Mike Mandel himself wrote an article about this is late 2004 titled 'Faith, Hope, and Progress'.

Then again, a prerequisite to being a Democrat voter is to ignore facts. That is why we have a failure like Obama in the white house.


September 5, 2009 04:01 PM

All believe that what works for themselves is the best solution. As conservatives point out, world living standards are on average better for globalization. But it's natural to expect Americans to ask "What's in it for me?"

If you have a good job, there's plenty in it for you, but if you don't, well then... there are plenty of conservatives with no joy in their lives but to call you a loser for whining about it. In the developed world, we have a job creation problem (by historical measures), since many of the advantages of living in wealthy geographies are fading, but the costs and expectations are not.
It's all very well for conservatives to dance around with pom-poms and cheer the globalization process, but telling the poor and unemployed to just get over it is not likely to prove an effective means of keeping the peace. I don't think we'll take a transition to being a third-world country that well. Ruplicans ought to be thrilled to see Obama and the Democrats in office: they have an incredibly difficult task ahead of them.


September 5, 2009 04:22 PM

Taking care of america's natural resources is where the money will be. By natural resources I mean the geriatics set. There will be plenty of jobs wiping the crud off old peoples', including me, faces and buts. Go Republicans!!!

James Partie

September 5, 2009 05:32 PM

Let add another 9 trillon on to the national debt for "health care reform" and in 10 years just envision the US job market.


September 5, 2009 09:03 PM

Don't blame George Bush! He is the hapless shlub who inherited 35 years of neo-liberal economics beginning with Ronald Reagan and continuing through the presidency of (gulp!) Bill Clinton (witness NAFTA).

Oh! weak Americans! You wanted the cheap shirts. The cheap laptops. The Cheap Big Screens! The Cheap (fill in the blank)! NOW the sins of the wicked are returned! All of those jobs you sent overseas represent an unemployed American. I know, you still have YOUR job. But, you know, these things all add up.

It's just unthinkable! Some guy working in factory here in America should be able to provide for his family! Why, it's un-American! Surely, as there is a God in Heaven, he MUST BE OVERPAID! Yeah, that's it--these American workers are OVERPAID!

Those kind of jobs should be done by FOREIGNERS! Why should a worker expect more than $0.57 an hour? Heck, the Chinese are perfectly willing to work for that. The answer is to SHIP OUR ECONOMY OVERSEAS!

Enough of unions, fair wages, environmental standards, and opportunity. WE DON'T NEED THOSE LOWLY WORKERS!

Or, do we . . .?


September 5, 2009 10:04 PM

The similarities between the current case and the 1982 recession stop at the chart. Looking ahead there is no optimism beyond some near-term inventory building and stabilization from Depression-type pullback in industrial activity. Tax rates are not going down to stimulate anything and the capacity for debt and dollar stimulus for additional growth from here is done. A declining dollar will not help MFG when it is hopelessly uncompetitive and on the verge of getting further a shellacking from one sided cap and trade. The US no longer dominates oil demand the way it once did to generate a similar tax cut effect from falling oil prices over an extended period like the 1980s. Hey let's try a 5X increase in minimum wage to test that "minimal impact" policy for all its worth. You can't say the timing is bad with all the other more massive policy planks on the table now. It looks more like "come one come all" to the party policy binge.


September 5, 2009 10:42 PM

All those H1-B bashers: do you even know how hard it is to get a visa and then get a job in another country?

And while I do not condone any abuse of the program, any one working on the H1B visa is a slave only because the government has effectively reduced the program to serve only employers willing to abuse employees, by taking away by proxy the ability to get permanent residency, and more worryingly still this game played and encouraged by the Dems has turned into all around India and Indian bashing.

Obama, the son of a non-immigrant student visa holder,is now the champion anti-immigrant, and people are still blind to this.

I will not repeat the valid arguments made by Kartik above but point out that this anti-immigrant (especially legal Asian immigrant) rhetoric is growing obnoxiously loud and will serve no purpose.

Don't want H1-B (esp. the brown and yellow skinned ones?), okay two options: give them PR or send 'em back (yeah I hear the Obama supporters hollering Send 'em back), well go ahead, send 'em back and see the consequences....suffice to say those hoping that by doing so America will turn into a 1950s Caucasian paradise will be disappointed.....

The democrats are a 100 times more racist than the republicans because they prey and encourage people to prey on the weakest link in the society, which is not colored people with an Americna passport but those on temporary status with no protections who are the easiest scapegoats.

And a few facts: H1-B holders account for less than than 0.1% of the job market overall and in the tech sector itself their share is less than 2% .....and just see the postings on dice or any other site these days saying H1 need not apply (politically correct for Indians need not apply)....back track about 140 years and it rings a bell with the Irish need not apply everywhere....

Hoops McKinsey

September 5, 2009 11:11 PM

"You gotta have a hustle in the land of milk and honey." Grand Master Flash.

You got 2 choices, either get a tax id number or you will have a prison id number.

When did American's become such whiners?
This country never promised me anything other than opportunity. I never expect my government to take care of me.
Face it, a strong dollar policy is good for buying stuff from the rest of the world and consuming it. That's what we do.

We are only 5% of the population of the world. Yet we consume 90 % of the worlds stuff.
Just think, if we would fix our dollar to be the cheapest currency like China we could make stuff for the world and give people those labor jobs they want back.
When you way a guy in India makes $700 a month and he has a degree means $1 = 50 rupees. And $3500 rupees is similar to $3500 u.s. dollars in what it actually buys, beer, weed, food, you know the basics. It's only a matter of time. Print enough trillions and your money is worthless.
Good if you owe somebody a lot of debt in that paper.
A trillion dollars doesn't buy what it used to. Look at the Japanese yen. It has a comma for even the smallest amount of money. We can do it too...


September 6, 2009 12:05 AM


2% of tech? I'm going to go down on record as in favor of H1Bs, except that I think there ought to be a lot more freedoms attached so that holders can move between companies, etc. more easily, and are thus in a better bargaining position. But, where I work, H1B holders have got to be in solid double digits in terms of percentage. That may not be representative, but 2%... sounds suspicious.


September 6, 2009 01:00 AM

@CompEng, believe it or not there are a lot of companies without H1-Bs (not that there is anything wrong with it, H1b was intended to supplement not supplant the US workforce but as you indicated slaves do not serve this purpose and keep in mind that many H1-B are graduates of American universities already having spent years in the US earning a BS/MS/Phd (just like Obama Sr.) who should probably have an alternate route of getting PR than going through the much maligned H1-B) and you probably work in IT, tech sector is not limited to IT by any means....


September 6, 2009 06:08 AM

@SM Sir, I take my hat off to you.

I've been here since late last year, from Engand my heritage is part Irish, part Indian. I grew up in a place economically destroyed by our Conservative governments drive to create "free enterprise" by overnight eradicating the UK coal industry. It's sad to find that the land of the free has become one fat and arrogant corporate state. The social apartheid of this place is overwhelming, that the working man has been disenfranchised by those who have wrested ownership in the name of corporate greed is truly sad.

The real culprits are not the recent foreigners who came here because we believed in the dream, it's those who immigrated here because they saw an opportunity to steal the dreams of others and have closed the door to success on everyone else.

Those that cut this country short are the ones who control AIG (nationalised under GW) and profit when all others become poor. They who ignore the need for infrastructure investment, meaning as the world oil reserves become ever more expensive to harvest the USA has no clear alternative. Those who leave this country alone in using Imperial measurements when all other children of the world have long embraced Metric - do you honestly think that alone does not increase the cost of engineering in this country?

Stop blaming the rest of the world for thinking its time this country stopped standing still and made an attempt to catch up instead of pulling all others back. The rest of the world was happy to see the 1950s end. We welcomed the Woodstock generation, supported the exploited youth sent to die in 'Nam and believed that with the end of cold war, freedom had really arrived.

America, the answer is simple, stop blaming others. Stop blaming yourselves. Just decide that you actually want be a part of the solution and make this a better place that runs for a real return on investment, not for one man but all men.

S. 887 H-1B/L-1 visa reform NOW!

September 6, 2009 08:07 AM reports 85,000 H-1B and 315,000 L-1 "temporary non immigrant" visas issued annually. These estimates do not count exemptions; universities, "non-profits", "research institutions", etc are exempt from the H-1B quota. Neither are foreigners working on "Optional Practical Training" (OPT), now 29 months for STEM fields, counted in the numbers presented by InfoWorld.

The full impact of these 400,000+ annual H-1B/L-1 visas is not measured as a percentage of the entire 155 million US workforce since the jobs for which H-1B/L-1 visas are eligible represent only a fraction of the total jobs in the U.S. Using the entire labor force as a measurement is a deliberate distortion intended to come up with a figure that dilutes H-1B/L-1 actual impact.

Now the H-1B/L-1 visa scam is spreading to banking, finance, teaching, nursing, and even LAWYERS. Theres a "shortage" of LAWYERS in America now?

The USA is now losing 100s of thousands of jobs monthly. Few of us are blaming India/Indians for this turn of events. What we ARE saying is that in such an environment, there are simply few "shortages" justifying 100s of thousands H-1B/L-1 visas annually.

Recall that the entire premise of H-1B is that there are "shortages" of Americans to fill certain jobs, so foreigners are needed on a "temporary basis" to fill the gap.

Laying off Americans and conditioning their severance on training their H-1B replacement (who will work for much less) amounts to blatant fraud of the H-1B program.

S.887 Durbin-Grassley H-1B/L-1 visa reform would remedy many of these egregious abuses of H-1B/L-1 "temporary non immigrant" visas while allowing US companies to hire foreign workers in cases of genuine US worker shortages.

H-1B/L-1 visas were never designed to attract the "best and brightest" anyway. What if a company needs to fly in that superstar because his or her high-level skills are needed on a project? We have the O-1 visa category, which covers the alien with "extraordinary ability". There are no limits on the number of O-1 visas that can be issued

The reality is that many Indians just don't care what the socio-economic impacts of H-1B/L-1/Outsourcing are on Americans. Many feel entitled to US immigration and jobs. Others insist they are entitled to US jobs because they have spent 10s of thousands pursuing a US education. Of course (per these same people) Americans who spent 10s of thousands pursuing the same education are entitled to nothing.

Foreigners won't enroll in US STEM programs (or B Schools) without access to US jobs via H-1B/L-1 visas screams the H-1B/L1 lobby. Of course, the SAME logic applied to Americans is railed against as "racist", "xenophobic" and/or "protectionist".

The callous dismissal of the pernicious socio-economic effects of H-1B/L-1/Outsourcing on Americans by those chanting "Globalization" can be only characterized as BIGOTRY.

Former Federal Reserve chairman Alan Greenspan said; "Our skilled wages are higher than anywhere in the world," he said. "If we open up a significant window for skilled workers, that would suppress the skilled-wage level and end the concentration of income."


September 6, 2009 09:36 AM

stop cribbing about h1-b.till the cost arbitrage would remain jobs will be lost in u.s. and other high cost countries


September 6, 2009 11:58 AM

a decade's recession was not that visible until last year when it had reached its peak but things would not be the same as the saying goes, "Life is made of ups and downs". Now that we are at the bottom it means that we are sure to rise.
Be optimistic. There's no point in cribbing about the past but to look what can be done for a better future. Remember the words said by some famous person (I dont know his name)"Don't ask, what has the country done for me? Ask yourself, what have I done for my country? and then you would see lots of changes."
I hope this would apply to all who are being hit by the recession now.


September 6, 2009 12:05 PM

HOW NOT TO HIRE AN AMERICAN ! This says it all. When Corporations openly market this type of service someone has to be willing to pay the price. No more open society in the US .


September 7, 2009 01:57 AM

Well, with Americans blaming H1Bs for all their problems, I really do feel like leaving this country and doing my stuff somewhere else. If all the visa hassles are explained by understanding that I'm part of the problem and not part of the solution, is there any reason to go through the trouble just to continue here?

I believed America was a place where bureaucratic hurdles never existed and you could flourish any business here as long as you could work hard and do your stuff right. After completing my Masters in Software Engineering, I got my dream job in designing and implementing software systems. After a few years, I got transferred from our Indian branch to the American office and all my disinterest in the west suddenly changed when I understood why this country was great - the system (government) gave you the freedom to succeed in every aspect of your life unlike how hard it was to do the same in my country. You can start a business here and know that government won't be your enemy. That one thing gives you a sense of giving back even though you are not a fellow citizen yet.

But it's been a crazy year and I am disappointed to say the least when there is so much ignorance touted as wisdom in the media. The complications in maintaining an H1B visa and getting for a green card are mad as hell taking anywhere from five to ten years in the same company. Is it worth it? Till now I thought it was. I have great relations with all my American coworkers and friends but the media keeps hammering that H1Bs are the enemy. I don't think waiting for a green card is worth it when you are portrayed as part of the problem and not the solution. The reason I came here was because my company and myself believed I could be part of the solution. We've done some great stuff over the years but now I'm thinking of looking for more welcoming pastures and even back to India though I won't think of starting a business over there. Visa complications that can come in any one of the many scenarios are a big turn off. The question that media and H1b bashers are asking is "Does America need H1Bs?". Maybe, maybe not. With the kind of animosity that is developing, I think professionals should start asking "Do H1Bs need America?" - I think it's a no. There are other welcoming pastures. Maybe India is where I should keep doing my stuff. Besides, America is going socialistic. Is there any doubt how inefficient it's going to be over the next few years.

saba aamir

September 7, 2009 02:25 AM

i want to job my five year experinces accountance assistant/telephone oprater/admin officer/guest relation


September 7, 2009 10:57 PM

Happy Labor Day, everyone.


September 8, 2009 07:35 AM

It is true that there are lot of unfilled positions for medical billing get a degree at

Brandon W

September 8, 2009 08:21 AM

Blaming Obama is just plain political stupidity. The man took office in the midst of a death-spiral handed to him by the previous administration. Let us remember that it was in September, before the election even happened, that the credit system practically collapsed. Bush was President for most of this time period and certainly oversaw the lead up to the current crash. But I'm also not letting the Democrats off the hook. Bill Clinton's policies - for all the whining from the right - were frankly very similar to Reagan/Bush I, and complicit in all this as well. What's more Democrats were in charge of Congress for some of that time as well.

Look, we can play stupid political finger-pointing until the end of time and get no where, and all look like a bunch of propaganda-spouting idiots. But the fact remains that both parties are at fault. Both have become puppets of large corporate interests. And a state run by large corporate interests is THE DEFINITION of a Fascist State. Bush decimated the SBA and did nothing to really encourage entrepreneurship (instead, he encouraged us all to go shopping!). The expanding costs of healthcare and providing coverage are killing entrepreneurship and small business in this country. Few people are willing to risk their family's health to start a business despite their ideas and desires to do so. The costs of insurance to small business make it harder for them to attract and retain the best employees, or even provide decent healthcare to the employees they do have. Yet we're going to find every possible way to derail a fix. Higher healthcare costs mean higher overall labor costs which will merely further encourage the major corporations to take their work overseas to China or Brazil where they don't have to pay for healthcare provision. The U.S. is at a competitive disadvantage for retaining jobs AND engaging in entrepreneurship because too many large corporations are "Too Big to F--- With", and that word isn't "Fail". We are increasingly a corporate state. And that makes us a Fascist state. Maybe Obama can turn the tide, but we'll see. I'd rather have a country with some Socialist aspects than live in a Fascist state.


September 9, 2009 07:51 PM

I am simply amazed at the narrow mindedness of some of the comments I’ve seen here.
Obama did it. Bush did it. It was the leadership. It was the Republicans. It was the Democrats. It was NAFTA. It was buying cheap TVs. It was buying foreign cars. It was ?????
And then there are the scare tactics and BS stats like 9 Trillion $ for health care….
(personal note: I’ve been to and seen many other countries and there education and health systems. Our’s is embarrassing )

On the other hand there are some spot-on comments like limiting or making it more costly for US companies to export jobs. (not permanently but to provide more of a transition period for displaced workers) I don’t think flat out protectionism is the answer long term. Fact is weather we like it or not the world economy is here. The sooner that is recognized the sooner the US workforce can focus on where it needs to be and what industries we will focus on. By focusing on certain industries and competing world wide on those, the water level will work itself out and the economy will recover in a healthy way. I’d like to see other countries focus on providing the blue tarps and the US provide better more efficient aircraft, solar technology, space/moon factories, etc.

Point is; less blame and more solutions people. More solutions and less mindless blind political crap. And more to the point. Send your ideas to your senator or representative. God knows they are in a quandary and could use input.

PS. About 30% of the comments thus far are solution based.


September 10, 2009 04:12 PM

melancholic, thank you, thank you, thank you, thank you! I could not have articulated your view points any better and you took the words right out of my mouth. Americans truly are delusional and take for granted everything of value. Change the world for the better and create a Great Day!


September 14, 2009 07:54 PM

All you people who are blaming Bush and Obama for the current mess are nuts. IT's the fault of Bill Clinton and the Gingrich lead Republican congress of the 90's that voted for NAFTA and opened the door to China!!!
As for Bush, his mistakes haven't even been felt yet... Bush put our country in severe debt, but we haven't yet seen the inflationary effects and tax increases that'll be needed to pay for it... Yeah, he allowed the housing crisis to happen, but the housing crisis issn't the real problem, its just fuel on the fire.. the real problem is that there too many people in the world who can the same jobs we do for less... the housing bubb;e was just a pathetic attempt by government to make us feel like the econmoy was growing while globabalization actually ripped it to shreds.
As far as Obama, his stimulus is nothing compared to how Bush expanded medicare. Although, I doubt his stimulus will work as I don't see convincing evidence it will change the struture of how economy works and get us innovating again, but I doubt it will have much effect, but overall 1 trillion is a drop in the bucket compared to the deficits coming by the end of the next decade.


September 29, 2009 01:45 AM

In my opinion, the table is only one aspect of the employment considitions, you import and export employees, may be the table not include this part. anyhow to be opitimistic and try our best.


October 7, 2009 02:46 PM

I'm pretty sure a big reason for the exodus of all these private sector jobs is the lucrative and abundance of public sector jobs. The government at the federal and state levels has grown wildly over the past 10 years thanks to both sides of the isle.


December 27, 2009 10:13 AM

Just wondering, do these negative job numbers include the jobs sent overseas?

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Michael Mandel, BW's award-winning chief economist, provides his unique perspective on the hot economic issues of the day. From globalization to the future of work to the ups and downs of the financial markets, Mandel-named 2006 economic journalist of the year by the World Leadership Forum-offers cutting edge analysis and commentary.

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