Quote:Companies across the economy are finding ways to do more with fewer workers, dimming hopes that hiring will take off anytime soon.

Employers became leaner and more efficient in the third quarter. Wages, meantime, remain flat or falling. The result is that productivity — output per hour of work — jumped at the fastest pace in six years.

The good news for companies, though, may be bad news for the jobless. As long as companies can get their workers to produce more, they have little reason to hire — at least until consumer spending picks up. And the squeeze on incomes could depress consumer spending, putting the economic recovery at risk.

http://news.yahoo.com/s/ap/20091105/ap_o...us_economy

(11-05-2009 01:02 PM)BlazerFan11 Wrote:  

Quote:Companies across the economy are finding ways to do more with fewer workers, dimming hopes that hiring will take off anytime soon.
Employers became leaner and more efficient in the third quarter. Wages, meantime, remain flat or falling. The result is that productivity — output per hour of work — jumped at the fastest pace in six years.
The good news for companies, though, may be bad news for the jobless. As long as companies can get their workers to produce more, they have little reason to hire — at least until consumer spending picks up. And the squeeze on incomes could depress consumer spending, putting the economic recovery at risk.

http://news.yahoo.com/s/ap/20091105/ap_o...us_economy

When consumer spending picks up, a lot of that hiring won't be done here. The retail/service jobs will be here, of course, out of necessity. But the value added jobs will go to places not threatened with Obamacare and Obamanomics.

I'm reading a lot about companies that won't hire w/ all the uncertainty in the air.

Obamacare, cap-and-trade, higher taxes, it's all affecting employers, who must sit back.

Oh yeah, the fact that the current spending is coming from gov't borrowing ain't helping either.