The Bureau of Labor Statistics (BLS) released the November job openings and turnover data today [DATA HERE] showing 370,000 workers quit their jobs in November bringing the quits rate now to 4.5 million people.
From the report, “Quits increased in several industries with the largest increases in accommodation and food services (+159,000); health care and social assistance (+52,000); and transportation, warehousing, and utilities (+33,000).”
Over the 12 months ending in November 2021, hires totaled 74.5 million and separations totaled 68.7 million, yielding a net employment gain of 5.9 million for 2021. However, while the unemployment rate drops with fewer people working, the employment picture overall appears to be tenuous.
The FRED personal savings rate for Americans overall [DATA HERE] has been dropping rapidly since March 2021, the last federal COVID employment bailout injection. All of the federal assistance has created massive data skews in the savings rate, as federal subsidies gave an artificial boost to the U.S. savings rate.
It appears that the aggregate American worker is now using their savings, created by COVID bailouts, to offset the massive inflation created by the COVID bailouts. The net result is a workforce going into negative savings each month as inflation driven expenses (energy, fuel, food) are higher than earnings. This is an unsustainable situation.
There is obviously a large retirement factor in the quits rate; however, it does appear the vaccination mandate is also a major influence. Additionally, when talking about people living paycheck-to-paycheck, rapid inflation almost always causes job-jumping for workers to get higher wages.
According to the BLS data, in November the job openings rate decreased in small establishments with 10-49 employees. This could be due to employees returning to small business, and/or there are fewer small businesses around to be hiring.
The hires rate rate increased in very large employers with 5,000 or more employees. However, the quits rate increased in both small businesses with 1-9 employees and in medium-sized businesses (1,000 to 4,999 employees). The I9 contracted workers are also leaving small and mid-size employers.
Then comes a significant aspect, “both the layoffs and discharges rate -and the total separations rate- increased in the larger establishments with 1,000 to 4,999 employees.” This could indicate mid-sized businesses are starting to see contractions in sales or demand and lowering their payrolls. This outlook would match the productivity drops we noted last month.
(DECEMBER CTH) – “The value of all products and services generated increased by 1.8 percent. However, the labor cost of generating that small amount of added value increased by 7.4 percent. The difference between those two numbers is a drop in productivity of 5.2% over the entire quarter.
This is the largest quarterly drop in productivity since 1960 !
The Biden administration will blame the drop in productivity on a lack of material to produce the end product (ie. the COVID excuse). Which means employed people were sitting around waiting for goods to arrive and being less productive. There is a small amount of that which might be true. However, it is not the biggest factor, at least not on this scale. Keep in mind we are talking about both goods and services.
The more likely cause of such a massive decline in productivity is a genuine decline in demand. In the aggregate, consumers needed less goods and services. This likelihood aligns with the diminished and softened retail sales figures recently noted. It is a simple cause and effect. When gasoline, energy, and essential products like food cost more, consumers have less money for other stuff. Demand for the non-essential products drop.” (more)
When we look at the macro picture, things look a lot clearer than the financial pundits talk about.
After the March 2021 peak of savings rate (massive fed spending bill), sometime around June of 2021, the U.S. economy overall started to jam up. In May of 2021 the first round of massive inflation started, what the Fed and White House called “transitional”, but we noted it wasn’t.
Then, new home housing starts, and contracts for new homes yet to be built suddenly stopped; while at the same time (June/July 2021) new permits for construction dropped. From that moment forward prices for food, fuel and energy related products started a massive upward spike. Despite the Fed and administration “transitional” talking points, the prices continued to climb and inflation was growing month over month.
The middle class and working class started to really feel the inflationary pain in the second half of 2021. It was not the Delta variant driving this economic pain, it was inflation and the collapse of disposable incomes. By the time we go to November 2021, suddenly the low employment gains shocked the financial pundits. A few weeks later, we saw sales data from November go down, and retail hiring for the holiday season was non-existent.
Take a look at the timeline in hindsight. At exactly the wrong time last year, September 2021, Joe Biden mandated vaccination for all U.S. workers. The economic data was sending signals that things were tenuous, but no one was paying attention. The already tenuous economy and labor pool (economists ignoring) was hit with an ultimatum of forced vaccination or get fired.
It’s not a single factor leading to this quits rate data. As you can see, there is a snowball effect inside the data. Wages earned, including any pay raises, have been chewed up by much higher inflation. When we look back upon this economy in a year, I am quite certain we will identify the inflection point as June of 2021. That’s when things peaked and started to go down.
Keep in mind, inflation has a big impact on job turnover. When people feel inflation, they look for pay raises. Larger employers are slower to respond to pay raises driven by worker needs, and many have very structured pay raise guidance.
Ex. if a worker needs a raise (immediate inflation driven), and the boss or organization is less responsive (structured pay raise schedule or performance review), the worker can get a faster pay raise by quitting their employer and going to work at a higher entry wage rate with another firm. If the job market is tight, the worker can make much more doing this. This is called job-jumping. In my opinion, this is a big factor right now.
So, what does the labor market look like in your town? What is going on in/around your community and local economy? Are you seeing a drop in spending habits overall for the people around you? The workforce hunkering down, forced to spend savings to survive and dealing with massive rising costs, will ultimately lead to less employment.
What do you see around you?
Does this mean that angry Joe isn’t going to unite the country?
Oh my!
“We feed them” Nazi Pelosi.
“The middle-class and working-class started to really feel the inflationary pain in the second half of 2021. It was not the Delta variant driving this economic pain, it was inflation and the collapse of disposable incomes. “
That is exactly what I am observing here on the Central Coast of California. The pain doesn’t seem to be impacting the wealthy, but middle and working class folks are watching every dime. The business at the Bargain Grocery Outlets is booming.
Joe doesn’t feel any economic pain.
Right, but it’s now 20% to the Big Guy due to inflation.
So when will (did) we become a socialist country?
When the sheeple decided that Buraq was a good idea.
And we are living his 3rd term as we speak freely.
January 2021 when the coup was completed.
I’d say the 17th amendment in 1913 was at least the entrance ramp.
Don’t forget the creation of the fed in the same year.
the 1st ProgreSSive Era of Woodrow democRat Wilson. 2nd ProgreSSive Era of democRat FDR the “Red” and WWII to save Joe Stalin. 3rd ProgreSSive Era with democRat LBJ’s Great Society+ Vietnam, 4th ProgreSSive Era with Bushie’s 1 & 2 NWO Cartel, Clintonista’s Cartel, Obamaite’s Bolshevik Transformation, Coup, and Biden Residency.
The miracle is that there is even a country, such as it is, left standing or more accurately staggering.
but it’s all good, Comrades. You don’t need no stinkin money or food, just take the Jab and all will be fine. Dead people are quite compliant.
I don’t understand why election of senators is worse than having the state legislatures appoint them.
The Senators w e r e the ambassadors of the state legislatures to the national legislature. They could be recalled in a day if they did not do the will of those who sent them. They did not represent the single biggest most corrupt city in their respective state. They were a check on federal power.
Now, each is elected by all the votes counted [not cast] in the most corrupt metropolis in his/her/its/zhes state and stays until zhe drops dead or becomes too embarassing to be allowed to stay.
When it was decided that the Income Tax was pro-American in 1916!
Maybe Hunter is selling our monochromo antibodies the highest bidders
Grocery Outlet over Safeway in our small community…great store, easy wide aisles, no masks, great prices, everything you need.
Yep. I don’t go in with a list; just a budget and my imagination.
What town is you Grocery Outlet in?
I’ve been an Aldi shopper for years, and even their prices are substantially higher than at this time last year.
Prices are up across the board but being a seasoned bargain shopper is serving me well.
My Smart and Final stores in LA have had a lot of discounted beef they could not sell. Will see if it is a trend or not in a couple of weeks.
My Smart and Final store in Glendale (LA suburb) was completely out of their so-called $4.99/pound tri-tip steaks today. I asked for a rain check and was told no. Wondering if these weekly ad “specials” are just come-ons to get us into the store.
Loss leader items, or just a limited amount of items. One hundred plus or minus fifty items.
Take advantage of butter when you see it. Seems once a month it get put down to $1.99 pound
Ha.. I’ve bought 50 lbs of butter over the last few weeks. 1.68 and 1.99/lb
Buy cheap and in bulk!
Must be a great Southern Cook!
I cannot believe the price on Sockeye Salmon.. What could be driving up the cost of salmon? I buy the on the boat quick frozen vacuum packed (closest to fresh off the boat you can get) and I just will not be eating that for awhile. Wowie, Zowie.
They say farmed salmon contains 10x more antibiotics than beef.
…and the added food coloring.
The cost of diesel
There is nothing more demoralizing than Inflation.
We are already experiencing the Red Queen Effect. Based upon the Red Queen in Alice in Wonderland who ran on a turn table and moaned that she had to “Run harder and harder just to stay in the same place.”
Inflation means you run harder and harder and keep falling farther behind.
Hi Mrs. Jones. I know Grocery Outlet well. I wish we had them here in Las Vegas.
How many of these “quits” are actually people who have died?
http://theeconomiccollapseblog.com/has-the-mystery-been-solved-we-just-got-some-new-numbers-that-nobody-can-deny/
This is an interesting story I’ve been following for the past couple of days. If true, this could be the ‘cold water to the face’ moment for those who had not previously caught on to what is really happening.
I keep seeing this article getting quoted, but the question never answered is “compared to what?”
I am very familiar with actuary tables in the insurance industry. I work with actuaries all the time. “A 40% increase in mortality amid 18 to 64-year-olds compared to pre-pandemic levels,” is vague in the extreme.
There are multiple factors at stake, including the underwriting of the insurance policies themselves. Did the carrier’s actuaries mis-forecast the original tables (similar to what happened in leased automobile rates a few years ago).?
Did the insurance company target a new group, or take on a new set of bigger clients (big employers) for life insurance claims as part of their business expanding?
There are multiple ways the insurance industry, writ large, can encounter an unexpected increase in payments based on poor forecasting models, changes in policy, changes in company marketing, changes in growth of the underwriting agencies. Many, many factors.
In summary, do not take a statistical claim in the insurance industry as empirical evidence of something actually happening. Remember, the example of financial insurance industry [Anderson] getting wiped out because they were providing investment security insurance products during the time when the 2005-2007 housing market was collapsing?
I would need to see this insurance companies’ actuary tables before I would accept their claims.
That’s why I have not written about it. People with little knowledge of how the life insurance industry operates are making some considerable leaps. FYI
Thanks for your caution on this, Sundance, I’ve been trying to see the smoking gun there also, but am coming up empty.
Appreciate the feedback, Sundance.
One needs to wonder how many people are dying from the stress of watching a government go barking mad and can do nothing to change it?
I was just looking at death rates in the USA and did not see a 40% increase in 2021, but this soon into the new year 2021 was most likely a projection.
I only read it once. I was pretty sure he was referencing 3rd quarter and was saying so far he expected same for 4th quarter. Also he was using pre pandemic levels as baseline.
Drug OD’s, Suicides and murder are all probably up since pre pandemic so you cannot just say they are all vaccine related deaths. Those death increases are probably government policy related deaths.
Government policy related deaths may continue well after the government changes policy.
He mentioned the 3rd qtr rate increase was continuing into the 4th qtr. And he illustrated why the 40% number is way beyond unprecedented.
““And what we saw just in third quarter, we’re seeing it continue into fourth quarter, is that death rates are up 40% over what they were pre-pandemic,” he said.
“Just to give you an idea of how bad that is, a three-sigma or a one-in-200-year catastrophe would be 10% increase over pre-pandemic,” he said. “So 40% is just unheard of.”
Still, I agree with waiting for a deeper investigation into these data to understand if what it suggests at face value holds true after independent deep analysis.
Agree…an interesting story but difficult to draw any solid conclusions at this point. I just feel a spark in the air, like convention wisdom might be shifting.
I thought the original story was based on actual claims experience for death benefits and disability.
The CEO said all insurance of that industry are seeing the same thing, and the Hospital admin said they’re seeing it as well, after the vaccine rollouts. Steve Kirsch that has two MIT degrees talked extensively about this on his blog and War Room two mornings in a row.
No other publicly traded insurance companies are reporting anything similar.
If they were, their stock market values would be dropping. They are not.
Just another data-point showing something off with this report.
Then the question needing answered is: Who benefits from promoting the narrative of a 40% increase?
Branch Covidians and Big Pharma come to mind
Perhaps someone’s trying to sQew the narrative.
Are the publicly traded insurance companies reporting NO statistically significant increases or are they simply not reporting any comparative measurements for death-based claims?
Jo Nova linked to the same report as was referenced on the war room a couple days ago. She also refreshed a study out of the UK that showed some questionable statistics. Again these could be anomalies explained by other factors, or it may not.
blockbuster-paper-covid-vaccines-may-not-improve-your-chances-of-staying-alive-at-all-even-in-a-pandemic
Other insurance companies may not be reporting in public news conferences but the CEO who gave that report is quoted as saying,
“We are seeing, right now, the highest death rates we have seen in the history of this business – not just at OneAmerica,” the company’s CEO Scott Davison said during an online news conference this week. “The data is consistent across every player in that business.” (Emphasis mine)
That last sentence implies he has inside knowledge from other insurance companies. There’s little leeway in which to interpret that assertion.
We can ask funeral directors if there is an unexpected increase in business over the last six months.
SCI
From Yahoo Finance: “Service Corporation International provides deathcare products and services in the United States and Canada.”
Earnings:
2016 – 3.03B
2017 – 3.09B
2018 – 3.19B
2019 – 3.23B
2020 – 3.51B
2021 with 3 of 4 q’s reported – 3.09B
Q4 reported typically in February.
Probably looking at another ~1.0B which would put them in the 4 Billion range for 2021.
https://market-ticker.org/akcs-www?singlepost=3764622
Sorry, but I don’t need to query ANYONE re: the claim of a 40% increase in deaths among the young. That number is SO LARGE that I would SEE the results in my circle of friends and family. It’s too large a number NOT to impact nearly every family in America. Someone in EVERYONE’S extended family would have experienced a death.
It’s totally FALSE. Why? My common sense radar says so.
I don’t live my life according to stories such as this.
Agree, a number that big would be obvious, particularly to anyone surrounded by the vaccinated.
British funeral director John O’Looney was interviewed by Reiner Fuellmich at length about his observations in Britain on this. I believe it is still available. Well worth watching.
Ha!
I sell furniture in OK. My funeral director clients have told me that they have been much busier than usual this past year. They tell me that a lot of it is covid, a lot of it is people “recovered from covid” [like me], and a lot of it is other things [I assume that would include deadly delays for routine medical care, suicide, drug overdoses, and vaccine side effects].
I think Steve Kirsch might be looking at that.
Sundance- thanks as always for injecting some sanity and perspective into this subject. I too have been following it for the past several days and it seems like some people are using questionable numbers and conclusions to generate more Fear Porn.
Sorry, but I don’t need any more of that, I have quite enough where I live in NY, surrounded by hysterical, pants-wetting Covidians.
Same here in the US swamp aka Chicago.
Now, we know deaths are up in Chi-raq!
same here in western NC.
Consider this:
We understand that they are trying to “control the people through fear.” But does it apply to both sides of the issue?
We, the unwashed [non-compliant, unvaxxed, resistance, what have you], are ALSO effective driven by fear. We fear what will happen to this country as we see disaster on the horizon.
I’m feeling like we are on one side of the coin while the rest are on the other side of the coin. There’s PLENTY of fear for both sides.
It would be nice if we could get off of the coin entirely unfortunately we are contained in our existence. But I feel like recognizing the puppet masters understand that they are controlling both sides of the fear coin to varying degrees. And I feel like we limit the degree of control simply by seeing through their manipulations:
Case in point: “Vaccine Mandates” sent people scrambling in many directions. Sundance then pointed out “hey, they said there was a mandate by they haven’t written anything up…” And others have pointed out “hey, they are trying to mandate a vaccine which is under EUA which is illegal and the courts have backed that position up!”
Knowledge is the antidote for fear and thus weakens the control they have.
Just a few thoughts…
Excellent points.
Could you look into this a little more deeply? I read somewhere that these data come solely from the state of Indiana, but I can no longer find the reference. County death records could be used for comparison purposes.
My question: Is this “boomers” dying primarily? If so, then it makes perfect sense. A boom in babies long ago will be met with a boom in deaths at the end of it.
“Davison said the increase in deaths represents “huge, huge numbers,” and that’s it’s notelderly people who are dying, but “primarily working-age people 18 to 64” who are theemployees of companies that have group life insurance plans through OneAmerica.”
It wouldn’t have to be huge in absolute terms to be huge proportionately. If ten people in a cohort in a city die normally and 14 this past year, they don’t stand out. But if each has a million dollar policy, it adds up to 4 million increased expenses. Multiply that across a thousand communities and it is 4 billion. It isn’t the absolute number that is startling; it is the unexpected deaths in younger cohorts. We don’t all know 25-year-olds who are dying every year. If that number increases by 40%, we still don’t know them, because there still aren’t that many. But we do all know 70-90-year-olds passing each year, because there are so many of them.
It will be interesting to see whether this turns out to be real.
It’s the old adage at work. Lies, damn lies and statistics.
Lies. lies Lies and then there are statistics and actuaries, all driven by humans.
Uh, … Prudential, New York Life, Pacific Life and Anuity …
https://www.americanthinker.com/blog/2022/01/more_preliminary_evidence_that_the_vaccines_have_led_to_a_spike_in_deaths.html
Quite the little story there.
How do we know vaccine mandates aren’t causing some of this?
I think we can make a pretty good guess that they are.
Of course caused by Mandates……duh…….who wants poison in their arms? Not worth the jab. LIARS when there are medications to stop the virus….duh!!!
I suspect there is a lot of waking up going on amongst even those who have taken the 2 jab course but now find themselves not “fully vaccinated” and therefore see their jobs on the chopping block. And I imagine a goodly proportion have realized they are nothing more than willing guinea pigs in the most atrocious and immoral experiment in history and are no longer willing to play nicely.
IMO, it is a contributory factor as is a fear of contracting COVID among many, combined with an increasing number of the 20 and 30 somethings who are occupying their parents’ basements.
Look to the 2020 election fraud. There wasn’t ONLY one cause or method. It was a LOT of things at once.
Most people look for only one cause for one problem. There’s plenty of room for multiple causes. Look at something as simple as health and look at all of the things a person can do to improve it. Exercise(s), Diet(s), Environment(s)
As health can be improved by addressing MANY aspects which contribute to health of a person, many aspects of economic health can be destroyed by addressing MANY aspects.
And pretty nearly every aspect of economic health is being attacked! The money supply is being attacked by all of the congressional spending. The jobs/worker supplies are being attacked by mandates and other things.
There are a S-Ton of “right answers” so you might as well select “D. All of these and more” as your answer.
There are a S-Ton of “right answers” so you might as well select “D. All of these and more” as your answer.
^^^ That. ^^^
All of the vaccines target the spike protein on the virus. The omicron virus has lost that spike. So the shot is both useless and dangerous.
Can you cite a source on that assertion?
Any one could cite would be in error.
There are consequential differences in the spike, contributing to both its contagiousness and mildness, but it’s of course still there.
However these variations are indeed responsible for OmniCon’s ability to blow past Vaxx induced antibodies. This was one of the first observations made when the Vaxx concept was introduced; any immunity would be narrowly focused and easily defeated.
They are.
Quit, or ‘voluntarily resigned’ by the H.R. department, for not getting the mandated Jab?
That was my reason. Not outright fired, but because my 90 days were not fully up I was not given permanent status and told bye bye strictly because it was a “vaccinated shop.”
FedGov is doing everything it can to encourage or coerce people not to work. Covid mandates, regulations and “guidelines” are at the center of this effort. The greatest damage is inflicted on small businesses, which have soldiered on throughout the entire scamdemic, with FedGov as the biggest impediment.
It’s almost as if Buraq and Xi jinping were trying to ruin our small businesses.
Almost?!
There is only so much pie. If the stock market reflects the big business, then stock market growth reflects the failure of small business.
Amazon would be an example of that that is easily understood.
Pie is fixed unless government creates extra pie!
There is only so much pie –
Unless you have a PDJT in office who knows how to bake extra pie (growth).
We’re a long way from getting that back but we need it again.
There is still only so much pie.
When Trump brings home the bacon, he is bringing home pie.
Over the last 50 years, Corporate America has shown they have no loyalty and no respect for the American Worker.
’bout time we repaid them.
Here here.
Kind of a broad brush your using, there.
Top 100 to work for by Fortune Mag.
“The 2021 Fortune 100 Best Companies to Work For list honors the most heroic companies supporting their people and communities in the U.S. during this historically challenging year.”
https://fortune.com/best-companies/2021/
These “100 Best Companies To Work For” … might, in their own self interest, treat their own employees well, but that does not mean they treat American Workers with loyalty and respect as a group. I agree with “Baby El’s” opinion.
Neither has government. Do they get a prize also?
I believe that dubious notoriety applies to most businesses going back in history, else the unions would never have bern able to attract so many loyal generations of members.
Business got better in the latter 20th century to try and stave off the spread of unionism, but that all went to hell in a hand basket when the globalists entered the scene and pulled the rug out from under huge swaths of the domestic workforce.
The Great Reset collaborators, a.k.a Uniparty, are not going through all this trouble just to return the power back over to the people in a election.
How do you think the Uniparty is going to try to explain how they rigged another election and then think about how the 4th branch is currently portraying American patriots (citizens) in the media.
Not Sure is doing pretty well
Congratulations! You KNEW you must have been doing something right…
You stuffed the ballot box!
You are in 2nd place to President Trump! Any talk of a VP slot?
VP slut – that would be Kamala
by watching foreign media – you can see the training of them to accept ‘the military had to step in to save democracy from the rise of white nationalism’
zero doubt the military is being purged, reviewed, and trimmed to obedience perfection is anticipation of 2024.
the midterms 2022 will give the Reds the House to make it appear we won. that gives them 2 more years to implement the DOD passport immunity checkpoint system by 2024 – then the military will not allow PDJT to campaign.
Common thread: you lose when you are not participating in the process.
Are election operators/workers primarily Democrat, Republican or independent? We all know the answer… and now you know why we lose.
I’ll project some of my behavior onto others. It was the holidays so I swallowed some huge price increases and bought food etc. that normally I wouldn’t have given the price. I’ve put back on my shopping eyeglasses and will be reining in spending. Substitute, defer, do without, some combination.
I did the exact same thing. I’m surprised how much food I don’t need to buy nor eat in large quantities. I love saving the money too. LGB
We as seniors have been doing this for a long time. Zero interest rates…and in reality negative ones…have forced to completely restructure out retirement expectations.
Waco-like retirement communities should be the way of the future.
mile long communities – chain linked to other – all owned land.
I’m very familiar with Waco and the small community of Marlin and various small towns surrounding. You are correct about that WB.
I’m on the DAD retirement plan: dead at desk.
Oh I sincerely hope not. 🙏
Here in the MidWest, people are being hit with sticker shock on their first heating bill of Winter. People working from home means more heat is consumed also. Only well to do people seem to be buying cars. Food prices went through the roof just after Thanksgiving. People are tightening – they have to.
Here in the northeast, I was shocked as well. Apx. 30% increase and winter, so far, is fairly mild.
I’m in central Florida. We generally use heat pumps for heat since our winters are short and fairly mild, so electricity costs are important. So far they haven’t risen much.
I’m a refugee from Delaware and I’m not missing paying for home heating costs. My prayers to you all with long harsh winters
My gas bill went up $100. I keep my home at 66 degrees, and I use my gas oven very seldom. I have a gas water heater but it is supposed to be energy efficient. Electric budget went up $30 so far. I heard the utilities were going to go higher, but I was not prepared for such a hike.
Damaging the carbon based energy sector is likely the root cause of most of the hurt.
If 20% get it done and an appreciable % of those retire or otherwise withdraw….
Xiden admin has created the perfect storm to ravage our country.
May they all burn in Hell!
True. Energy is everything.
Until the 2020 election is corrected to the truth – what you see today will continue. They cannot openly steal elections and expect deplorables to be productive for them. Chicken and egg. Buh bye, Felicia.
You hit the nail squarely on the head!
Plus, you have one of the best avatars on the internet.
I heard that ATT lost somewhere in the 1-3k range of employees in the weeks leading to the company’s vaccine mandate, presumably due to the mandate.
My friend that works building the new Tesla plant in Austin informed me that today they got the dreaded email again re-instating the vaxx mandate due to the 6th circuit overturning the 5th circuit ruling. I will report as to if there is going to be a mass “OH HELL NO” with the construction workers (which number over 1000) onsite. They have until Jan 10 to get jabbed.
joe biden – Happy 2020
Oh yes. It’s really 2020 too !
my 2020 was great business wise
but I really saw a downturn in 2021,
especially the second half
I think my customer base ran out of the “free money”,
and felt the inflation crunch.
Here are a few factors I see from my family’s 3 jobs:
A. Frustration that companies are run by mindless wokesters or committees that only allow politically correct decisions. Often people who were promoted solely because they were not white men. Driven home hard by all the time and money wasted on DEI. No respect for leaders
B. People know they might be fired without unemployment benefits for no good reason anyway
C. Wages won’t be increased to keep up with inflation
D. Other employees have thrown in the towel and aren’t making an effort (largely due to the above, but also lazy and uninterested ones are taking some inappropriate jobs because the COVID-era wages got good). Good employees don’t like to see things fall to pieces
E. In retail, complete abandonment of shoplifting enforcement. Everything free for the taking. People who work to make their companies work well get really disillusioned with that
I’ll be laid off later this month (acquisition, mostly a coincidence except that maybe the CEO had some of the above frustrations). I’m not looking for the next job.
Wife will retire early if push comes to shot, or no more work from home and must wear a mask in office.
She is part of the Senior knowledge base and no fresh out of college is remotely capable of filling her slot.
I at 69+ would take some sort of employment just to have something to do but no way in hell am I gonna get shot or wear a mask. I used to have plenty to do but the mask and shot Nazis have pissed all over that.
Our version of water cooler talk shows everyone is paying close attention to where the prices of things are. Some have finally started listening to me as I pass along the warnings that Sundance passes to us. Ergo, they are trying to take stock of needs vs wants, and paring down what they can, bulking up on what they need, and brushing up on skills to reuse/recycle/upcycle/substitute etc.
Labor wise, most businesses are still showing hiring signs, they just don’t seem to have any takers. There seems to be quite a shifting going on. Lot of new people moving to the area, some people moving out. I’m guessing people are relocating where they feel the will fare the best when sh*t hits the fan.
Prices in general are up and down. One week beef will be down, and chicken up, next week it might be the opposite. So far fuel has remained fairly steady and still under $3. Things on the shelves is spotty for name brand, but since I shop an independent owned supermarket, they source most everything from in state, including the “store brand” of goods. They are actually stocking a lot more of the store brand, responding I suspect to people more often choosing the cheaper, but just as good, option.
Where we will be in a month I can’t begin to guess, but I am getting a jump on my garden just in case.
Wish I could find gas for under $3/gal! Just this morning I drove past a station asking $4.79/gal!!
Insane.
Come to NW Louisiana. Gas is $2.84 this morning.
How can gas cost under $3 there and it’s $5 here? Is it all state taxes? No wonder the state of CA is bleeding population.
I just signed up for instacart – figure that I will save money by not making impulse purchases!
AO Insurance Co post 40% increase death 18 64 in the last Qt say it’s been increasing monthly, losing more workers, the madness has to stop. real eye’s, realize, real lies
Ours slipped to $2.85 from $3.15, but it seems to be stuck there for now. I expect it to go back up.
All part of the plan. The great depression ushered in a LOT of social welfare programs which have been destroying the country all this time. Now they want to accelerate it.
The national response to the programs which “fixed” the great depression somehow made a lot of people happy… happier than the nation being in a depression anyway.
What’s the difference between then and now?
Simple: We have the internet and resources made accessible like Sundance.
I’m not really seeing too much. A lot of help wanted signs, a lot more homeless camps, some shortages of products, longer lead time to receive online orders, higher fuel cost, not too much more than normal complaining from fellow employees. We don’t discuss home finances around here, it’s none of my business how someone else manages their income.
In my own life, I’ve been preparing for an economic downturn for a long long time and I’m surprise that it hasn’t fully arrived yet and I’m glad it hasn’t for I’ve used the time wisely.
This is about mail-in ballots and the 2022 elections. They don’t care hpw many people are suffering, as long as they get to their achieved objectives. More stolen elections. More fraud. More stolen treasury. Period.
TwoLaine…: Truth needs no explanation.
My lovely and hardworking daughter wore herself out with 60+ hour weeks this past year in her white collar job. She has three teens at home as well with all that means extra curricular activities-wise.
No raise.
Sounds like those teens need an afterschool job like I had.
While I appreciate your point and would agree if they had a car and driver’s license, the fact is she would have to get them to these jobs. Which means she would have to interrupt her job to deliver and pick them up. Hardly a solution at the moment.
I came of working age (12) in SE Idaho in the early 90’s. My first real job was moving aluminum irrigation lines across potato fields for 13 cents a pipe before school and after class before football practice. We rode our bikes. We have let our young folks get soft, Ma’am.
Again, I take your point. I realize you are unfamiliar with where we live. You will have to accept that our circumstances and location are such that for these teens, this is just not possible at the moment.
Once drivers licenses are secured and cheap runabouts are bought, then it will be possible and is planned on.
I’d also add one of those teens is a 14 year old girl. With the way things are these days, there is no way I would put her on a bike to make her way to a job on a busy road. The world is a dirty corrupt place and she is precious to us. Our area has a lot of illegal aliens (not economic migrants) So no.
I babysat at 10 years of age, then lied about my age and detassled corn each summer at age 13;
no way did I look 16; more like 10 LOL. Then I led the strike to raise our pay from .65 cents per hour to .75 cents. LOL Those were the days. Certainly don’t miss the hot, hot, summers and all the
bugs.
What makes me wonder about this is the “somewhat concerned” response of the people surveyed.
“Somewhat concerned” just doesn’t carry a sense of urgency or even worry. To me, it’s like the respondents are saying – eh, I’ve been down this road before, no big deal.
I wonder if the there were responses which conveyed a more urgent sense of a problem.
The other thing to keep in mind is that this is a NYT survey. How likely are they to present statistics portraying biden as a screw up?
Tweets by bencasselman
I work in the tech industry in the South (can I even say that word?) ok, fixed it, anti-North. We are seeing a massive number of quits in my company, mostly driven by folks upgrading to new positions at other companies. Massive influx of new tech jobs in my city. Our own HR won’t compete to retain our experienced employees by offering retention packages or incentives. So we’re hiring as fast as we can to keep up with the quits, often times paying new hires with zero internal product knowledge and almost no experience more than the experienced guys who left (and would have stayed for less than we’re being forced to pay new hires). We’re spinning our wheels with training and onboarding to keep up.
This kind of thing has been going on since the mid-1990’s. Once I realized in the early 2000’s that I was working for peanuts in comparison with the new hires who didn’t know a quarter of what I knew, I took a deep breath and jumped into the world of contract job shopping.
It worked out very nicely up until the pandemic blew the economy down and suddenly there was real job competition from other professionals with a similar talent stack whose employers had folded under the weight of the lockdowns.
Time to jab Jim Cramer again and roll him out there with glorious news of the economy.
I actually tend to think that covid reset how many people look at their household situation. I suspect many families are pulling back to a more traditional “one parent income” model where the other parent runs a business out of their house off the books or just focuses on the kids/school.
Inflation aside, I think the pandemic showed a lot of people that they were working way too hard to maintain a comfortable lifestyle. I had a family member come to this conclusion a few years ago (pre covid). He was working like a dog, never home, and his expenses were really high because when you work like that you eat out more, and you try to squeeze all your fun into Saturday. He cut way back, made less money, but wound up realizing he could do with a lot less and be happier.
The implosion of the public schools was going to have consequences, and a lot of parents were given front-row seats to just what a complete waste of time public schooling is. If all they’re using it for is a daycare, why not just stay home and go to one income if you can and skip the forced indoctrination and bad teachers altogether?
The vax mandate is probably only a small factor. Only about 1/2 the workforce is subject to them (Government or companies >100). If the country is 60-70% vaxxed, then that probably means most people either got vaxxed or are in a job situation where they didn’t have to get one (e.g. 30% of Americans are self-employed).
The question to me is what will people do with their free time if they do pull back and realize that the whole “2 income family” thing has been deeply destructive to our society.
Probably some wishful thinking on my part, but I wouldn’t underestimate that the labor shortages come down to:
I agree with your analysis. Everyone except the rich get squeezed by consumer price increases, but it can also lead to positive re-evaluations of how one chooses to live and earn.
I know I was lucky. I got to work in professions I truly enjoyed, and they provided enough money to live comfortably. Many more people work in “McJobs” that generally suck, barely cover basic expenses, and they must “live” on their days off.
The problem with what used to be called the rat race is that even if you win, you’re still a rat in a maze.
Like your post.
‘The powers that be’ planned and wanted a reset.
Don’t really think they thought it out. 🤔
It’s like that old line from the movie “Wargames”. “Interesting game. The only way to win is not to play.“
At Church, most of the ‘regulars’ are on electronic pay. So what’s in the basket is typically from people who give from what they have that week. During Trump, the basket was full – people felt comfortable giving. After Labor Day 2021, there was a noticable drop. Then after Thanksgiving, the basket comes around and is nearly empty. Working folks are tightening.
The biggest WalMart in Joplin, MO is experiencing a shortage of plastic shopping bags. Don’t know exactly what that means, but, combined with short staffing, terribly cluttered aisles, terrible stocking practices (pallets in aisles during peak hours overstock on top shelves when actual retail shelf space is empty) and a noticeably lower caliber of worker tells me that at least this WM Super Center sucks. For only being 1 hour north of WM Home Office in BVille, AR it is woefully mismanaged. By far the worst WM I’ve ever been in. But, it’s the closest one to me and I’m stuck with the suckage.
I’d like to find one of these discount grocers in the SW MO area. It’d be worth driving to.
You need oil to make plastics. Less oil = less plastics.
I buy most of my groceries from Price Cutter (used to be called Ramey’s in the Springfield area) I use Walmart only for a few items that Price Cutter doesn’t have. I found the difference in price negligible.
I’m seeing the same stocking issues at Walmart in Central Florida. Pallets in the aisle and no one stocking.
Do a search and see what you can find, because the Wally World here is way more expensive than the local supermarket. Not to mention that the cuts are a lot worse. I only go to Wally World as a last resort for something I can’t find elsewhere and need immediately.
Other end of the stick – in my blueMA town stores are no longer allowed to use plastic bags.
I had been saving a big stock of them for years, so now I have to lug my own into the grocery stores, where the employees are very good about using them instead of foisting paper on me.
Occasionally I get out to a further town without this nonsense and stock up some more…
Sam’s sells t-shirt bags in a package of 1000 for about $15 and they are much better than the avg grocery plastic sack. We use them for trash can liners and dog pick up bags.
Lol, when I go to the store, I often grab about 1/2″ of extra bags and stick them in with the groceries. Handy for small wastebaskets and picking up the dog’s yard deposits. When the kids were babies, we used them for diapers.
You asked for the view from our personal perspective. I have three jobs. The first is managing a small farm. Inputs are up, prices are up and everything is in balance. If the prices should crash between putting out the crop and harvest then we can not cover the cost of the inputs with a lower price. If people start to complain about inflation to the point that politicians do the wrong thing, then they can pull prices down and the harvest will not cover our cost to produce. It is a delicate balance that is being maintained by consumers paying more than they should.
My second job is a consultant to manufacturing. They have slowed. Most of my customers provide parts to assembly plants. My customers can get materials and produce, but without finished products to put them in, then the work slows. They are using the time for improvements and maintenance. This is good as long as it is temporary. When everything gets fixed, then people will be laid off.
My third is that I sell industrial supplies online. I service smaller businesses that buy things on the secondary market. I also try to find obsolete parts so that older machines can be kept going. This business has slowed by 80% since early 2021.
The last two make sense. My industrial customers are large employers and are protected from downturns. My supplies business is to smaller companies that operate on the edge of solvency. When things get tough, they quit buying and hunker down.
I had a 4th job, rental property. I bailed out on that in mid 2021. I got a great price and no longer am a landlord. I don’t miss it. The tornadoes in Kentucky hit a block away from my property that I sold. We contacted our former renters to see if they were OK and they were. We would have had to been down there but I no longer had that to take care of. In the tornado areas, everyone is still digging out or helping someone. The downturns are not really on the radar, but they will be. The struggle they will have rebuilding will be harder, much harder. There was an interesting side story to the tornadoes. Cars were already in short supply as it was everywhere. In a bit under four hours, hundreds of cars were destroyed across a vast region of the state. People needed vehicles and the entire available inventory went to close to zero in a week. When a tragedy hits, there needs to be backups of supplies and that includes replacement transportation. There is a shortage of materials, transportation and other needs that are now in even greater demand. People are reaching into the saved stuff and using it.
My prayers to those whom lost property, loved ones and belongings. So sad
VibeMan: Interesting remarks. I, too, wear multiple hats, managing a healthcare practice, a condo building a family trust, etc. Expenses are up across the board for supplies, maintenance and repairs. Service takes longer to schedule and be completed. Deliveries are less reliable than in the past.
It’s the mid-1970s without Jimmy Carter.
Turmoil and collapse is the goal of the hard left. Cloward-Piven is the best example of this. The idea is that through collapse, full socialist takeover becomes possible.
The criminal-oligarch faction of the left is being driven by the true believers and there will be no change in policy. Indeed, watch the left push for a carbon tax even as the economy plunges.
Every leftist sees himself as part of the “nomenklatura” that rides above the suffering masses. The eco-nazis are also OK with economic collapse as that is the ultimate in carbon reduction. And the leftist billionaires who scheme to cull 95% of the human population will see this is as simply another tool in the “never let a crisis go to waste” mode of government tyranny.
The globalists crashed American manufacturing by closing American factories and shipping those jobs to China. With an average multiplier of 10, each manufacturing job supported 10 other jobs. Manufacturing was the foundation upon which the entire American economy was built. When it crashed, small businesses all over the country crashed as well. So what is happening now? The globalists are coming after everything that is left.
The small independent businesses, whether a family owned restaurant, a locally owned franchise of a motel chain, a retail store, no matter. Whatever survived the destruction of American manufacturing is now in the cross hairs for elimination. Soon there will be only a small handful of GIANT multinational corporations that own and control every aspect of buying and selling everything.
It’s easy to point to the local cheap motel and rag on the owner for complaining that his “business model” no longer works because his cheap labor has dried up. Exploiter, right? Oppressor? Racist? But with the millions of illegals crossing the border, how is it none of them seem to be finding their way to these local businesses like they used to? Cheap labor flooding across the border, but still a cheap labor shortage. Yeah. Something ain’t right.
Small business owners are being squeezed out of business. The globalists killed manufacturing. Now they are coming for the rest.
And again. Information is out there. You just have to let it in.
FKS
Trapper “The globalists crashed American manufacturing by closing American factories and shipping those jobs to China”
The United States Congress did that.
Goldsmith tried to warn us.
https://charlierose.com/videos/1563
This is not incompetence – it is by design. All government policies are on track for Agenda 2030
The multinationals drive capital allocation and the needed US government regulations/policies to destroy small business and fuel their growth as global monopolies.
As it progresses the work force shifts to large monopolies in and around high density urban corridors. As inflation, taxes, and fuel costs rise, commuting becomes impossible and home mortgages unaffordable.
Rented housing and public transit soon are the only means to work and feed one’s family.
At the center of the urban corridors, the elite will live in the luxury of excessive consumption.
“They got the guns, but
we got the numbers …”
–Jim Morrison
We got the guns AND the numbers!
No, they won’t… because if their idiocy actually worked someone far more competent would have already implemented it.
History is full of elites with plans to totally dominate society and bend it to their whims… and every one collapsed under the weight of its own corruption.
Bottom line… the lifestyle demanded by the elites requires more labor than any system other than a free market can produce and they are so out of touch they will bleed the labor pool until the laborers have nothing to lose in dragging the so-called elites to the gallows.
That’s the history these idiots don’t even understand because the people who started this course ensured that history would never get taught.
We are headed for the collapse of Rome. The Red States are the Eastern Empire… they haven’t destroyed their economies to anywhere near the degree of the Blue States… they’ll survive in some form. I nominate Mar-a-lago as the capitol of the inevitable Red States of America.
The Blue States will go the way of Dark Ages Europe… the old elites will be torn down by the new warlords (ie. gang leaders) who protect their own from the others.
I believe you are correct, sDee. My concern is that nothing we can do politically will counteract that.
In my family, there was 1 job loss in August 2021 and 1 job loss in October 2021. Resignations due to the impending mandates. The workers were told they could not collect unemployment even if they were fired for noncompliance and certainly not if they resigned. This was in the state of CA. Two families moved out of California to “free states”, a.k.a., Red States in order to avoid the mandates and public school B.S. Two families have stayed in California, but have refused to comply – they know they may have to escape in the near future and have tightened their belts.
In my immediate family that is 2 jobs, so multiply that across the country by family group. Regarding spending, Christmas was mean and lean this year for the first time in 40 years. Available income has gone into making sure the families are well stocked on food and supplies, but purchases have been made from alternative sources (not Amazon, Walmart, or Costco).
Businesses here seems to be only just ticking over. My household is feeling it as gas is now eating a quarter of monthly salary. We’re frugal, and just did our final meat shop for the year.
Hunkering down and getting ready to sow a vegetable crop. Freezer is filled with butter and cheese for the year. Plenty of powder milk in store too.
People are worrying about forced power outages. Anyone hearing anything about that?
It depends where you live I guess. Aside from the hefty increase in natural gas, our electric supply is stable in SW Missouri
I remember spending $1000 per month (after tax income) on gas under King Obama.
Then he kicked in Obamacare with Piglosi’s CROOKED A$$ and that truly screwed everyone who had a decent job. I know people who lost everything because their hours were cut in half, etc.
I remember gas (or no gas) during Carters reign. If I recall correctly, one could only get $3.00 worth
at each gas station. It would take hours to go from station to station trying to fill up the tank. Long lines
and closed pumps.
But at that time gas cost around thirty cents a gallon. Had a VW BUG at the time. Three dollars, If the tank was 3/4 empty, would be able to fill it up.
Irritated the gas staff, when the pump turns off at $2.75, $2.85 $2,97. Had to make change,Those were the days. 🤗🤗😁🤔
Also found out, one of my friends owned a gas station. They were only allowed to pump a fixed number of gallons per day.
Funny you said that about outages, we had 8 brownouts this morning. They were short, but no apparent reason as the weather is not stormy, or anything. The last time that happened it was a precursor to the midwest zero degree outages that Texas is famous for. I swear the leftist have weaseled themselves into these power grids. I know HRC was trying to get her foundation into electric coops, that being said the one that just bought my area out is based out Little Rock, LMAO. What a coincidence.
Local Public Utility District (PUD) here in Jefferson County, WA just fired linemen and contractors for disobeying their vaxx mandate. We were already short of linemen to deal with winter storms. No other PUD in the state is doing this. Our area seems to be ground zero for some nefarious Great Reset operation.
Wendy’s down here in SWFL is handing out full color postcards to everyone in the drive thru reading: “Looking for a Employment?”
Pathetic. The target age group for those part time jobs isn’t apparently the target age group any more.
#MoreBasementWorldOfWarcraft
16 bucks an hour at Burger King in SW Ocala.
18 an hour being offered, McDonald’s, middle of Virginia
I can only imagine with horror what level of intelligence I would be dealing with from an employer that thinks “a Employment” is English.
English is a third language, not a second, I hope.
Who wants a job where you can be thrown out on your butt at the whim of the County Health Dept. “lockdowns”? I really believe a lot of the service-industry vacancies are because people don’t want a job where you don’t know from one day to the next if you have a job or if the store will even be open next week.
They were called “non essential”. Nobody wants to think they are non essential.
I quit my 80 hour a week job 10 years ago when I got tired of Obama’s BS…..
This is just the next wave…. of people tired of the Communist BS coming from Biden & Co.!
Apparently, some AP writer thinks it’s a sign of a booming economy! Read the first sentence! https://www.wral.com/a-record-4-5-million-americans-quit-their-jobs-in-november/20062255/
The self-delusion is palpable.
Early retirements + excess deaths (that 40% increase in death claims not covered in the MSM) + disabilities. Just the excess deaths:
Cumulative All-Cause Excess Mortality – United States
https://www.usmortality.com/excess-absolute
United States reported 3,440,957 deaths of all ages for the year 2020. Expected deaths were 3,028,959. That is an increase of 411,998 deaths (+13.6%).
To date, for the year 2021, United States reported 3,280,066 deaths of all ages. Expected deaths thus far, were 2,849,782. That is an increase of 430,284 deaths (+15.1%).
I run a seasonal exterior contracting business. 2021 was my highest sales year in 46 years. 2020 was down as Governor Whitmer shut down all work for 2 months. Raised all of my installers pay 10% during that period. Raising it another 20% this spring as we are already scheduled to have roofing and siding material prices rise 10 to 15%. Most manufacturers are only making about 50% of the colors due to a lack of help. I needed and advertised for 1 additional sale rep and 2 new installers. Spent about 5k only to have zero apply. Even though I have raised my installers pay about 30% my crews are already paid 25 to. 30% more than my competitors. Have to pay what they are really worth in order to maintain leadership throughout the industry so that all of my competitions installers want to work for me. Didn’t work last year because the government was paying people to NOT work. Glad that’s over. Fortunately my company has a stellar customer satisfaction rating and we sell confidence in superior installations. My company does not do new construction which requires volume in order to make a profit. Remodels have increased dramatically with every one working from home.
Restaurants all around are closing lobbies several days a week not due to Covid, but due to no workers. What happens when grocery stores start closing for the same reason?
Also, just occurred to me, Walmart now closes at 11 like old days. Since all this crap started, it was noted it was for extensive cleaning. What if now it’s actually noone will work the overnight shift?
Yep, no one is going back to 24 hour operation, most likely due to inadequate labor.
We stopped by Walmart on Sunday to pick up something, and there were long lines, 25 registers, and only 2 were running. The line for self-checkout had 30 people in it.
A lot of these places still have forced masking in place, and I bet that is a big contributor as well. Who wants a crap job suffocating behind a mask when you can Door Dash without one?
The damage Liberals are doing to society is just evil.
It’s just more fear porn from all directions…..
disconnect and hold on tight….
The liberal left and uniparty whacko’s are working overtime to take what you have mentally and physically.
disconnect…
We will weather this until its over….and it will be over…because its unsustainable to carry on the current path….
Whole towns and communities were also put out of business, AGAIN, when Delusional Joe shut down the energy sectors. Everyone who supplied them went with it.
When school started in 2021, my area had only one out of 3 vendors left to supply food to schools. That one left shortly thereafter.
The company that feeds the jails and prisons also feeds the kids their school lunches in my part of Florida.
Democrat politicians will economically destroy the Blue States.
The crash of the Stock Market Bubble and Home Foreclosure
will dwarf the collapse of the 2008 Housing Bubble.
The lowest vaxx rates in the United States are among younger white GOP-voting men. Sure, you have to crunch the data in your mind, because whites look on first glance to be higher than blacks or Hispanics, but white Boomers have very high vaxx rates, and blacks and especially Hispanics have younger populations.
So yes, I could see a plunge in productivity caused by working-age white Republican men not working.
In case you’re wondering, white Democrat men have 90%+ vaxx rates regardless of age, so deaths among these men would also cause some of the drop, such as the 40% jump in life-insurance claims from that company in Indiana.
In addition, younger white unvaxxed men are unfortunately at the bottom of the stack for all the woke corporations out there in regards to hiring, so you have to consider that when companies complain about not being able to find workers.
Here in Western NC employers are still claiming they can’t find people who will work. I find it hard to believe to be honest because what would they live off if they are not working or rich? Target paying $14.50/hour; Hobby Lobby $19/Walmart $14 for third shift; on and on…this is good pay for people who may only have a high school diploma or GED and no skills. Oh, Burger King was offering 12.50 and that is for 16 year olds.
Oh, employee at TJ Maxx told me they are short handed because many of their part-time jobs were filled by women with husbands and with kids who want some extra money can’t afford to work there because child care costs are too high. But, still, I find that hard to believe too…something just doesn’t click.
Everyone here where I live works unless they just had a baby or are retired with enough income to be fully retired.
Parallel / shadow / underground economy. 🤔
Something I have not heard talked about is how many people are now working from home due to covid. That would impact a lot of other businesses. If you depend on commuters to stop and get coffee and danish, newspaper, or takeout lunch, those customers are no longer there. People working from home no doubt have an impact on the economy, and are another piece to the shrinking workforce.
Yep, you also need less gas, less food, do the laundry less, etc.
The company I work with just went to a “hoteling” model. They keep bullpen offices available at the main building, but nobody goes in and everyone is “encouraged” to work from home. It’s cheaper for them (lower electric bills, smaller office space required) and they push expenses off on employees (home internet, computer equipment, desks/chairs, etc.).
I’ve seen productivity crater in the “work from home” era.
I haven’t seen sales numbers for Christmas shopping. Shouldn’t we have seen the numbers by now?
Eight days past Christmas is still a bit early for solid numbers on Christmas shopping, but the projections from Deloitte etc are 8-11% up from last year. Biggest increases are in online purchasing. Lockdowns have been a boon to all Internet retailers.
Inflation will destroy the buying power of the Middle & Lower Class.