(01-10-2024 05:30 PM)BigTigerMike Wrote:  Newsweek Survey of 900 companies says 4 in 10 are planning layoffs -- citing the coming recession. And more than half are freezing hires.

(01-10-2024 06:22 PM)JMUDunk Wrote:  Self fulfilling prophecy…

“We think there maybe/could be a recession coming!”

So, let’s layoff a bunch of people and make damn sure of it.

Hunh

(01-10-2024 06:37 PM)Attackcoog Wrote:  

(01-10-2024 06:22 PM)JMUDunk Wrote:  Self fulfilling prophecy…

“We think there maybe/could be a recession coming!”

So, let’s layoff a bunch of people and make damn sure of it.

Hunh

Ehhhh---there is a little more to it than that. Companies do have some foward visibility. They can see they dont have many orders coming in and they can see they have worked off any back log of production they may have been carrying----so they know their labor needs are about to fall off substantially unless something changes radically. Its not just a wild azz guess. Typically---especially in this labor market---an employer will be averse to getting rid of trained employees now that decent workers have become more difficult to replace. First they cut hours rather than lay people off---and thats exactly what we have been seeing in the labor stats as the average number of hours worked has been falling steadily. Employers will try to hang on to employees in the hopes things turn around. Thats basically where we have been for the last few months.

(01-10-2024 06:47 PM)stinkfist Wrote:  

(01-10-2024 06:37 PM)Attackcoog Wrote:  

(01-10-2024 06:22 PM)JMUDunk Wrote:  Self fulfilling prophecy…

“We think there maybe/could be a recession coming!”

So, let’s layoff a bunch of people and make damn sure of it.

Hunh

Ehhhh---there is a little more to it than that. Companies do have some foward visibility. They can see they dont have many orders coming in and they can see they have worked off any back log of production they may have been carrying----so they know their labor needs are about to fall off substantially unless something changes radically. Its not just a wild azz guess. Typically---especially in this labor market---an employer will be averse to getting rid of trained employees now that decent workers have become more difficult to replace. First they cut hours rather than lay people off---and thats exactly what we have been seeing in the labor stats as the average number of hours worked has been falling steadily. Employers will try to hang on to employees in the hopes things turn around. Thats basically where we have been for the last few months.

where's the spending power when the majority in %pop are spending to merely survive whilst leaving the 'abonnement' in the dust ... there's a benefit to viewing from the lens within the 'sip...

the south is now simply playing 'ketchup' (ol' joke)...

rubber's gonna meet the row-add ... it's simply a matter of when based on overspending...

#keepThatFaith

(01-10-2024 06:56 PM)Attackcoog Wrote:  

(01-10-2024 06:47 PM)stinkfist Wrote:  

(01-10-2024 06:37 PM)Attackcoog Wrote:  

(01-10-2024 06:22 PM)JMUDunk Wrote:  Self fulfilling prophecy…

“We think there maybe/could be a recession coming!”

So, let’s layoff a bunch of people and make damn sure of it.

Hunh

Ehhhh---there is a little more to it than that. Companies do have some foward visibility. They can see they dont have many orders coming in and they can see they have worked off any back log of production they may have been carrying----so they know their labor needs are about to fall off substantially unless something changes radically. Its not just a wild azz guess. Typically---especially in this labor market---an employer will be averse to getting rid of trained employees now that decent workers have become more difficult to replace. First they cut hours rather than lay people off---and thats exactly what we have been seeing in the labor stats as the average number of hours worked has been falling steadily. Employers will try to hang on to employees in the hopes things turn around. Thats basically where we have been for the last few months.

where's the spending power when the majority in %pop are spending to merely survive whilst leaving the 'abonnement' in the dust ... there's a benefit to viewing from the lens within the 'sip...

the south is now simply playing 'ketchup' (ol' joke)...

rubber's gonna meet the row-add ... it's simply a matter of when based on overspending...

#keepThatFaith

Yup. Using debt and credit cards to try to maintain their living standard. Interestingly, credit card companies are becoming concerned over the explosion in "buy now--pay later" apps that have allowed consumers to effectively stack up additional short term debt that isnt easily tracked. Credit card companies are concerned that the heavy use of these "buy now-pay later" services over the Christmas holidays will result in a financial 2024 "hangover" that bumps already high credit card delinquency rates even higher.

(01-10-2024 06:58 PM)BartlettTigerFan Wrote:  My company laid off everyone they could and still keep the doors open in 2023.

(01-10-2024 06:26 PM)Kruciff Wrote:  That recession is going to hit any second minute day week month year now. Just around the corner, promise

(01-10-2024 07:00 PM)Attackcoog Wrote:  

(01-10-2024 06:58 PM)BartlettTigerFan Wrote:  My company laid off everyone they could and still keep the doors open in 2023.

Sorry to hear that. Just curious---what industry?

(01-10-2024 06:58 PM)BartlettTigerFan Wrote:  My company laid off everyone they could and still keep the doors open in 2023.

(01-10-2024 07:07 PM)Eldonabe Wrote:  Everyone say it with me

B I D E N N O M I C S