CHICAGO, March 3, 2016 – After surging to a six-month high to begin the new year, downsizing slowed in February, as US-based employers announced 61,599 job cuts during the month, 18 percent fewer than the 75,114 in January, according to a report released Thursday by global outplacement consultancy Challenger, Gray & Christmas, Inc.
The February total was up 22 percent from a year ago, when employers announced 50,579 job cuts during the month.
Planned job cuts total 136,713 through the first two months of the year, up 32 percent from the same period in 2015, when employers announced layoffs totaling 103,620 in January and February.
Just as in 2015, the energy sector has seen the heaviest job cutting in the opening months of the year. These firms announced another 25,051 job cuts in February, bringing the year-to-date total to 45,154. Most of the cuts in the sector have been attributed to low oil prices.
The 45,154 energy cuts through February represents a 24 percent increase from 2015, when employers in the sector announced 36,532 planned layoffs in the opening two months of the year.
“Low oil prices continue to take a toll on workers in the energy and industrial goods sectors. Since January of 2015, these two sectors alone have seen workforce reductions in excess of 200,000, the majority of which were attributed to oil prices. The major concern is that the job losses in cities and towns that rely heavily on oil production will begin to drag down other parts of the local economy,” said John A. Challenger, chief executive officer of Challenger, Gray & Christmas.
“Shockingly, we have not seen a precipitous rise in unemployment in the many cities that were benefitting from the recent oil boom, suggesting that the job losses are contained to the energy sector, for the moment,” said Challenger.
Well, let me help: Waiting periods, dude. Severance packages. Give it time. It’ll be along.
Combine this with the numbers from the ADP report out yesterday and it’s almost a slam-dunk that the jobs report tomorrow from the Labor Department will show 4.8 – 4.9% unemployment.
And if we only count the people who haven’t run out of U.I. benefits, or who can’t find work and have had to take Social Security early to survive off the streets, I’m sure we can work that number down even further.
Futures are about flat. And while oil blipped up to $34.88 on the WTI contract, that isn’t enough to save Houston.
Political Hype and B.S.
Sometimes, I think it’s a sign from above that Thursday is Garbage Day here at the ranch. Because it seems to match closely with the news flow.
Most of the real news of course, goes unreported. The lib-media gang bang on Donald Trump was almost too-well orchestrated by the corrupt corporate system that fears real pro-human change more than anything in the world. Yet still, a surprisingly small number of people “get it.”
Instead, we read about how tonight’s nonsensical stand-up comedy act, with the Rude-bio and such is being pandered as a “Megan-Donald Rematch.” Like anyone in their right mind would care?
But the Donald bashing is only just picking up steam. Read “Republican donors’ anti-Trump efforts ramp up, with an eye toward Florida” and then flip over here to see how even Mitt Romney has been sucked into the fracas with “Mitt Romney: Donald Trump is a ‘phony, a fraud’” The orchestration of the none-base GOP is clear.
What I have referred to as the “Paul Ryan Wing” of the Obamacrats is doing just fine; pretending to hold to traditional republican ideals, yet throwing in with the O Machine on open borders, flood us with Syrians, and don’t protect us from Free Traders who profit on the wage spread between have and have-not countries.
One of our typically “brighter-then average by a long-shot” readers (he’s a lawyer, but try not to hold it against him) offers this sad assessment of what spews from the bread and circus box tonight:
Once again, the audience for the Detroit GOP presidential debate is going to be filled with GOP establishment minions who will cheer for Rubio and boo Trump (and perhaps Cruz). Only 50 tickets will go to rank and file Republicans. The panicked fixers are doing all that they can do put their thumb on the scale.
Yes sir, Trash Day it is.
As usual, one of the refreshingly honest people continues to be Dr. Ben Carson who now “…Says ‘No Path Forward’ in His Bid for White House.”
There isn’t for Rubio, Cruz, Kasich, or Ben, either. But only Ben has that terribly missing element that president candidates ought to have: Integrity and honesty.
Would the republican sitcom be a little more bearable if a few more people other than Ure’s truly had taken the time to read Carson’s A More Perfect Union: What We the People Can Do to Reclaim Our Constitutional Liberties. 4.6 stars on Amazon Reviews versus 4.2 for Rubio’s American Dreams: Restoring Economic Opportunity for Everyone which scored a 4.2. Due to workload, I don’t read below 4.0.
Come to think of it, my novel DreamOver has a 4.1 stars ranking…so maybe I should run for the presidency instead of county commission here in the Outback.
Back to the point: Is honesty and integrity important? Come on, is that such a tough question?
No, I didn’t send Carson a contribution, but I did buy his books. While some of our more reactionary readers disagree with many of Carson’s personal views on religion and history, he’s still a genius and whether I agree with ‘em of not, I go out of my way to read as many books by legit geniuses (especially those who have made it from the ghetto to the Halls of Power which keeps my reading list short) because there is much to be learned about heart, mind, will, perception management, personal goal setting…you name it.
Similarly, by the way, there’ is a good deal to be learned from many of histories less popular people. A prime example is Hitler’s Second Book: German Foreign Policy. Whether you thought after Mein Kampf (My Struggle) that Hitler was out with the nutters on racial purity and such (yep, sure was), he succeeded as a populist and ultra-nationalist. And most of his logic when comes to foreign affairs is in this second book. Turns out, there’s a fair bit of echoing of that going on.
So spend time on another debate with the wannabes? Hell no.
The REAL NEWS across the whole political spectrum this morning is not the lead on the Corporate-orchestrated Trump-bashing channels. It’s that “Report: Former Clinton staffer granted immunity in email flap.”
The New York Times hints in “As Presidential Campaign Unfolds, So Do Inquiries Into Clinton’s Emails” that Hil herself may be questioned by the FBI.
Between us-uns, it ain’t never gonna happen: Either this will be swept or Hil will go amnesia, or she will fall down again, or….well, you know where to bracket your expectation bubble. I could be wrong (but I seldom am) but I would love to be on this one.
I want you to think about something really hard for a moment: What does it say about the average I.Q. of a country when the lead story in the MSM is about bad stand up comedy on the republican side takes precedence over critical developments disclosing the potential-to-likely corruption of a yet-to-be-indicted former First Lady who wants another bite of the apple? Is that the kind of Foundation this country should be built on?
It’s OK. It’s Just Fascism
Fascism, you know, is what we have today in America. Oh, sure, you can go read the Wikipedia entry over here and it will say that fascism is a right-wing thing, but that’s not the truth. It’s a whoever is in the crime family kind of thing.
In fact, the best definition comes from the remarkably useful Urban Dictionary that we have cited many times for its honesty and candor:
“The only official definition of Fascism comes from Benito Mussolini, the founder of fascism, in which he outlines three principles of a fascist philosophy.
1.”Everything in the state“. The Government is supreme and the country is all-encompasing, and all within it must conform to the ruling body, often a dictator.
2.”Nothing outside the state”. The country must grow and the implied goal of any fascist nation is to rule the world, and have every human submit to the government.
3.”Nothing against the state”. Any type of questioning the government is not to be tolerated. If you do not see things our way, you are wrong. If you do not agree with the government, you cannot be allowed to live and taint the minds of the rest of the good citizens.
The use of militarism was implied only as a means to accomplish one of the three above principles, mainly to keep the people and rest of the world in line. Fascist countries are known for their harmony and lack of internal strife. There are no conflicting parties or elections in fascist countries.
Well, let’s see here: Again Benito’s litmus, and since we have corporations and “terrorism” (which admittedly we helped manufacture), how would you score it?
This all happens when? Well, when corporations and governments (the crooked and untrustworthy of the public trust) build an alliance. Which you can see pretty clearly at work as the corporate-fascist forces look to engage in syncopated Trump-Bashing instead of asking the harder questions we ask around here.
Like “How come the FBI and DOJ haven’t gotten to the bottom of the Hillary crap yet?”
If you mumbled something like political influence peddling, give yourself a green star. Who should be in jail shouldn’t be this hard to find out.
And why haven’t the me-too media demanded re-filing of Freedom of Information Act requests for the past eight years, now that former Attorney General Eric Holder copped to regularly using a phony email addy?
No, those would out the ugly and crooked side of Ameriticks. And we need to labor on under the joke of corporate oppression as good little wage slaves who suck up the daily slop and turn our heads, the same way the protestants turned their backs on the jews in pre-war Germany.
Ah, don’t been bad. Being a corporate sub (or wage bitch) isn’t such a bad thing, now, is it? You get to keep almost 3/4th’s of what you make and there’s always unlimited sitcoms and distractions on the boob-tube, right?
(We pause before continuing while I stop crying and wait for my blood pressure to drop back into the only slightly elevated zone.)
Say, not to keep repeating the same old refrain, about how the Obamanation and the Paul Ryan wing of the socialist party is trying to flood America with people who are only here for the dole, but did you happen to notice the report that we will soon be living with “Fewer Agents Projected to Patrol Border?”
Want to here me do my imitation of a politically proper high-tech ICE agent?
“Halt! You’re under a drone!”
This would be followed by insane laughter at the coyotes and their posses bring in another load, some of which must end up in political coffers for the people at the top to act so stupidly. Know what I mena?
House Flipping is Back
Uh…don’t you have a pee test coming up, or something?
Oh, it isn’t that bad. Why, in Seattle you only need to work one full-time and two part-time jobs to have a rent-a-hovel these days. My kids are doing it.
And they are going to save money for as down-stroke on home ownership how, exactly?
Human Relations Notes
The Clintonistas are going to bring gender front and center in the political campaign. Which is right in line with our view that intelligence, honesty, integrity, and wisdom have nothing to do with the Office anymore.
And last, but not least we see how “Drive-Thru Sex Lands a Couple Behind Bars.”
As a public service, we really should kick a few bucks into the defense fund for this couple. After all, maybe he said something like “Hold the pickle…”