Good news on the Jobless numbers? (fools asked me to repost this)
If i was running a company right now (which i am) the first thing i would do is cut non performing/unessential personnel.
ONCE I HAD DONE THAT IT WOULD BE NEAR IMPOSSIBLE TO CUT ANY MORE PERSONNEL. Therefore my 'increase in new jobless' would stall, at least temporarily. NOT BECAUSE I WAS SUDDENLY MAKING A WINDFALL (which i'm not) but because i can't lose a single other employee without COLLAPSING. I am still in bankruptcy (also in RL), and near forclosure, i just CANNOT lose a single other worker.
If the spending doesn't increase (my revenue i mean) i will go under, losing a 35 year old organic farm. The stall (for me) is not a indicator that i am doing well, just that THERE IS NO MORE TO CUT.
I sell in Telluride. My customers include Woody Harrelson, Darryl Hannah, and Joe Cocker, among other notables, but even though most of my customer base is rich, the rest of my customer base is declining, while the market continues to tighten. If i sell to rich folks, i don't know how other farmers are making it.
In conjunction, all my current employees are my highest paid ones. Inherently the average wage has gone up, and so has the number of hours.
Any of you who lives in the real world will see this crystal clear. If I l cut two more emplyees, it's because i'm BK.