"Every gross brained idiot is suffered to come into print." ~ Thomas Nash (1592)
"The fox knows many things, but the hedgehog knows one big thing."
--Archilochus
Glenn Reynolds:
"Heh."
Barack Obama:
"Impossible to transcend."
Albert A. Gore, Jr.:"An incontinent brute."
Rev. Jeremiah Wright:"God damn the Gentleman Farmer."
Friends of GF's Sons:"Is that really your dad?"
Kickball Girl:"Keeping 'em alive until 7:45."
Hired Hand:"I think . . . we forgot the pheasant."
Labels: Economics
Presented for your delectation by the Gentleman Farmer at 7:27 PM
Comments on "Because They Can"
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Anonymous said ... (5:16 PM) :
post a commentfrom cnn.com:
"You do see indicators of a softer market than just the raw [unemployment] numbers," said Bill DeMario, chief operating officer of Ajilon Professional Staffing, a unit of staffing giant Adecco. "To some degree, we've already experienced some of the impact of a slowing economy."
According to the February jobs report, there were 565,000 more part-time workers who wanted full-time jobs than a year ago. That's a 21.1% jump in the number of those who are under-employed.
In addition, a rapidly increasing number of people are being forced to take more than one job. There were 161,000 more workers in February who held more than one part-time job than there were in January. One economist said this is a further indication of how bad the market is.
"Basically, this is a sign that we're in a recession," said David Wyss, chief economist for Standard & Poor's.
Wyss said another sign of the weakened market is the steady decrease in the past year in the number of temporary employees in the business and professional services sectors. There has been a loss of more than 100,000 jobs in this category in the past 12 months.
"This is a leading indicator, since these are very often the first employees cut," said Wyss.