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Monday, August 12, 2013

Griper Blade: Demand Drives Hiring. Period. End of Story.

Cashier checks out customer
Last week, we got one of those good news/bad news jobs reports we're so used to seeing by now. The good news is very good news: new jobless claims are at a 6-year low, suggesting that employment has stabilized and that the days of massive layoffs are behind us. The bad news, according to the Associated Press:

[W]hile most companies have stopped cutting jobs, many remain reluctant to hire. That’s bad news for the roughly 11.5 million Americans who are unemployed and a major reason the unemployment rate is still so high four years after the recession officially ended.

"We have seen a disconnect between the level of hiring and firing," said Bricklin Dwyer, an economist at BNP Paribas.
Ask any rightwinger what's going on here and they blame Obamacare. Healthcare reform is creating the dreaded uncertainty and that uncertainty is keeping employers from hiring.

Thing is though, employers and capital investors aren't panicky types who need hand-holding and therapy before they take a risk. If they were, they'd be in a different line of work. It turns out that, historically, periods of uncertainty have been moments of opportunity, when the opportunistic investors and employers actually have hired more workers in order to take full advantage...[CLICK TO READ FULL POST]

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