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| User Info | ADP Payroll: Ugh (Updated) in forum [Ticker] | |||
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Genesis Posts: 71431 Incept: 2007-06-26 
KD^2 
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http://market-ticker.org/archives/1295-A....
---------- "The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me Last modified:
2009-08-05 10:21:05 by genesis
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Froghat Posts: 213 Incept: 2009-01-28 Banned
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It's better than expected! Green shoots!
2009-08-05 09:17:13
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Bsaxberg Posts: 112 Incept: 2009-07-04 North Dakota
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This is where I'm thinking that me getting the opportunity to add a second full time job is becoming a good idea. I will find out today if I am lucky enough to go from 1 FT + My own business to 2FT's + My own business. I wasn't looking for the second FT, it might just have landed in my lap. Will see what the offer is. How many people out there are like me?
2009-08-05 09:20:26
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Biggerdog Posts: 9 Incept: 2007-11-16 
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Typo alert: flat-lined from Pay going forward
2009-08-05 09:20:44
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Madashel Posts: 577 Incept: 2007-09-14
West Texas
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I know a lot of people who are underemployed or unemployed who are definitely suffering. Anyone who still has a job and pays attention feels fortunate to still have a job. I have been aggressive in trying to find work and have several promising prospects. I have had to expand from only installing tile, stone, and wood floors to total remodeling to make up for the loss of work available. Plus we have undercut the competition on pricing just to get work. A lot of people want to get work done on their house or business, but most do not have the extra cash to actually do it. It's definitely rough out there and I don't see it getting better anytime soon.
---------- "Those who cannot remember the past are condemned to repeat it." - George Santayana "It is better to live for something rather than die for nothing." - George S. Patton
2009-08-05 09:25:33
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Northwoodspete Posts: 407 Incept: 2008-05-25 
Minneapolis
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BSaxberg - ND has the lowest unemployment in the nation (by a wide margin). You're a unique data point. http://www.bls.gov/web/laumstrk.htm ---------- I'd like to remind everyone in this joyful occasion that many (like in the tens of millions) of you did get your wealth undeservingly, knowingly or not, under a twenty year regime or social contract that ended up bankrupting this country.--Mtgspy Last modified:
2009-08-05 09:33:59 by northwoodspete
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Ludanjack Posts: 1343 Incept: 2007-07-29
Ft. Lauderdale
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Bsax...work 60+ hours a week and sometimes 70+. Would like to back off but am scared too. Spend all free time with kids. Friends department has suffered. To employment report: I think what people miss is that these losses are against a smaller pool of employed so the ratio of losses may be the same or higher than earlier. ---------- "This is only something that can be fixed after we kill all the players that carry the virus, because the virus only dies when the host is dead. The hosts are the sick financial institutions being run by crooked executives, regulated by incompetent regulators, appointed by blissfully ignorant politicians and at the end
2009-08-05 09:39:13
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Bsaxberg Posts: 112 Incept: 2009-07-04 North Dakota
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Ludanjack I understand what your saying. Work as many hours as you can until the wheels come off.
2009-08-05 09:41:29
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Coolhandluke Posts: 5637 Incept: 2007-12-19
Out of the box
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Until the economy starts creating more jobs than it is loosing the down trend continues. It's realy not that complicated. Only the liars want to avoid this simple fact. ---------- It's not that I'm lazy, I just don't give a **** anymore.
2009-08-05 09:53:10
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Kwl88 Posts: 304 Incept: 2009-04-16 KC, MO
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Genesis, yeah this is TRUE.....I think most of your clientele on these Forums agree.........However - when is the stock & credit markets going to move in the same reality as the REAL marketplace? AND will the "green shoots" perception in the stock markets specifically be able to CHANGE the marketplace reality in the long-term or even in the intermediate-term not just the short-term? So far this "kick-the-can" strategy is working when it comes to the stock & credit markets.....Of course - I don't want to be in stocks & bonds when their strategy crashes along with the stock & bond markets....
2009-08-05 10:09:26
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Clumsygardener Posts: 57 Incept: 2009-07-17
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CNBS has a fluffy "on track for 2010 turnaround" headline, but they bury the lede:Quote:
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2009-08-05 10:17:07 by clumsygardener
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Spazznout Posts: 235 Incept: 2009-04-15 Columbus, Ohio Online
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My family is getting hurt here in Ohio financially, yet we do not show up on the statistics. I work for a small business. Less than 25 people. We are down 34% YOY. I am a 1099 sub and my pay check reflects that YOY decline. We are doing better that most companies in our field due to the owner recognizing our economic situation and getting the business debt free 2 years ago. In our city nearly half of our competitors have now gone out of business with their assets being auctioned off very cheap.(which has been a win fall for the co. I work for). Regardless My company has laid off 10 full time 1099 sub's in last 6 mos. Those folks do not show up in any number. (Just like all those subs from the other half of the businesses in my field who are now shut. 2k-3k people not counted) My wife works in a Major Automobile financing and bank divisions (not GM or Chrysler or Ford) North American Headquarters. They have laid off 40% of staff and are consolidating 2 out of country locations back to this headquarters. All overtime eliminated. Salaries froze. Nearly all "Perks" eliminated, Health care costs share increased. My brother (a collage student at OSU) finishing his degree in Education with a minor in English as a second language) had worked at a prestigious hotel as a banquet manager for 4.5 years while attending school. After Christmas business declined to the point where he has worked 6 days in the last 3 mos. And finding an alternative job is not really plausible as he is competing with people looking for full time employment and all he can offer is the hours of a college student. Thats my reality on the ground. Does it Suck. Hell Yes. Am I suffering, No.....Not yet anyways. Money management has always been a strong suit for us. But reality is my situation in this town i duplicated many derivatives over in my city and these numbers are not being reported in these kinds of reports. Unfortunately the numbers tell us most folks were not financially prudent and are now in big trouble. The **** has already hit the fan for them. It is very evident by the incre3aed visible use of .gov food card at grocery stores. These reports are so closely followed by markets. To me it seems they really are not representative of our economy but in a view of the corporations in this country. By there own reporting small businesses are taking the largest hit. Yet they are the most under reported and inaccurately reported sector of our economy. Small businesses are also the largest employers in our Country. Green shoots huh. God help us all....if there is one. ---------- "Those who make peaceful revolution impossible, make violent revolution inevitable." John F. Kennedy 35th president of US 1961-1963 (1917 - 1963) Last modified:
2009-08-05 12:21:27 by spazznout
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Ptoemmes Posts: 79 Incept: 2009-04-13 Online
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It didn't take ADP via CNBS - to attempt to water the green shoots in case they could not be seen in the initial headline. http://www.cnbc.com/id/32295270 " The United States is on track for a modest job recovery in early 2010 in line with its economy emerging from the worst recession in decades, said ADP Employer Services and Macroeconomic Advisers LLC Wednesday. " As for birth-death adjustments...gotta wonder if any laid off person who becomes a consultant is counted as a small business job birth? Pete
2009-08-05 10:33:08
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Asimov Posts: 26714 Incept: 2007-08-26
east tennessee Online
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Karl: When you update a ticker, could you start indicating somehow which parts have been changed/added? thanks.
---------- It's justifiably immoral to try to deal in a moral fashion with an immoral entity. If you trade based on what other people say, you will lose money. Especially what I say. I won't be held responsible. Festina lente.
2009-08-05 10:50:24
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Willoo Posts: 3 Incept: 2009-06-21 so cal
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Why doesn't ADP payroll report show earnings trends. They have such a database that these numbers would reflect earnings growth or decline.
2009-08-05 10:54:05
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Bsaxberg Posts: 112 Incept: 2009-07-04 North Dakota
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Willoo, I dont think they want to tell you that, it would be too close to the truth.
2009-08-05 10:58:06
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Coolhandluke Posts: 5637 Incept: 2007-12-19
Out of the box
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Spazznout, Thanks for the firsthand report. ---------- It's not that I'm lazy, I just don't give a **** anymore.
2009-08-05 11:22:13
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Dji Posts: 720 Incept: 2009-04-21
Fleming Island
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FBN reporting numbers on ADP did I hear them just say ADP said the recession ended in JUNE? ---------- What goes up Must come Down- Alan Parsons Project THE TRUTH HURTS! -Dji
2009-08-05 11:33:37
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Sharon Posts: 1786 Incept: 2008-02-10
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As Spazznout says, the 1099 contractors, who are technically self-employed, are not being counted in the statistics. There are a lot of them. Quite a few employers switched to employing as many people as possible as independent contractors in recent years. Then you have all the people who are bona fide independent contractors. Their incomes have dropped--if they can find work at all. Also not counted.
2009-08-05 11:58:35
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Tesla Posts: 8174 Incept: 2008-04-03
Delaware
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They're counted in U6, not the headline U3.
---------- "Neither the wisest Constitution nor the wisest laws will secure the liberty and happiness of a people whose manners are universally corrupt." Samuel Adams I'd rather die on my feet than live on my knees. - Emiliano Zapata
2009-08-05 12:08:55
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Zenthunder Posts: 4684 Incept: 2007-10-11
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Job loss is slowing because of all this optimism on TV - many business owners are holding off on cutting because they believe they will turn the corner soon. When the **** hits the fan again soon we will see 1M+ losses per month. Mark my ****ing words.
2009-08-05 12:14:58
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Spazznout Posts: 235 Incept: 2009-04-15 Columbus, Ohio Online
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Tesla, I know there supposed to be included in U6 however they have no real way to quantify there #'s with hard statistics such as in U3. There is some serious under reporting or estimating going on there as is quite evident when compared to the reduced tax revenues now being reported. Just another continuation of the smoke and mirrors. ---------- "Those who make peaceful revolution impossible, make violent revolution inevitable." John F. Kennedy 35th president of US 1961-1963 (1917 - 1963)
2009-08-05 12:18:27
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Taint Posts: 165 Incept: 2008-12-24 texas
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I work in the corporate world...face many clients in a yet modestly strong industry. Overall, there are more layoffs coming. In general, people have cut but not into the 'meat' of their organizations yet. Most are hopeful they can stabilize and forecast revenues. The issue in this recession has been about protecting then forecasting revenues to effectively manage the business. Corps are still long people and when rev numbers are at best flat QTQ and down 30 percent YOY in 3Q, there will be more 'cost cutting actions' taken. If revenues are down QTQ in 1Q 2010, the business world will really wake up. It might happen with 4th qtr earnings but expect 1Q 2010 to be the eye opening event. This will create the "W" so many have been forcasting. To me it was never anything but a GD "L".
2009-08-05 13:04:22
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Sharon Posts: 1786 Incept: 2008-02-10
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The 1099 contractors and other independent contractors are not able to draw unemployment, so statistics won't show them collecting it--or coming to the end of it. I suspect most of these contractors have suffered a decline in their incomes. I'm a 1099 contractor myself, and my income has been steadily declining for the past three years.
2009-08-05 13:10:47
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Karlmarxghost Posts: 2640 Incept: 2009-01-26
Stealing Your Property
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pfft the moved my image... ---------- My views are my view and mine alone. Karl or ticker forum does not endorse or necessarily agree with my views. DO not trade on my views or take them personally. Last modified:
2009-08-06 10:27:13 by tjeffersonsghost
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