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Green shoots! Don't count the $50K engineer who was laid off and now works at Chili's as unemployed or underemployed. He's FULLY employed baby!
Both Morton's and Ruth's steakhouses have shown and improvement in numbers/traffic. Think real hard and then tell us what you think that means. Maybe somebody intelligent could point it out to you.
Of course family style dining and fast food restaurants are hiring. If unemployment benefits keep getting extended and more people added on to it, there are going to be more people using their "benefits" to go out and eat when "looking" for work
It is certainly the case in my town. Not only are existing restaurants hiring, but new ones are opening, seems like one or two every week, including an Olive Garden that is 100% new construction. We've got plenty of green shoots here
Of course family style dining and fast food restaurants are hiring. If unemployment benefits keep getting extended and more people added on to it, there are going to be more people using their "benefits" to go out and eat when "looking" for work
Spend money you don't have? Only the government should be able to do that!!!
Oh my dear lord, when is anyone going to get it. People may mock me but since NO NEW JOBS HAVE BEEN CREATED, this is definitely going to be a double dip recession. How the hell can there be a recovery otherwise. I laugh at these ridiculous assumptions that there could be a recovery in this environment. Mock the drunk all you want, but the drunk is right.
Jobs are created EVERY SINGLE MONTH - even in the WORST of RECESSIONS - heck even in the DEPRESSION jobs were created - just as jobs are lost EVERY SINGLE MONTH - even in the BEST of ECONOMIES. What differentiates a GOOD job market from a BAD job market is HOW MANY jobs are created vs HOW MANY jobs are lost. Over the last 2 years, the number of jobs lost have vastly outnumbered the number of jobs created - but that DOESN'T mean that NO JOBS WERE CREATED.
We are NOW at the point when that is turning around and MORE jobs are being CREATED than are being LOST. How big the difference between those 2 numbers is will determine just how FAST the unemployment rate goes down.
Jobs are created EVERY SINGLE MONTH - even in the WORST of RECESSIONS - heck even in the DEPRESSION jobs were created - just as jobs are lost EVERY SINGLE MONTH - even in the BEST of ECONOMIES. What differentiates a GOOD job market from a BAD job market is HOW MANY jobs are created vs HOW MANY jobs are lost. Over the last 2 years, the number of jobs lost have vastly outnumbered the number of jobs created - but that DOESN'T mean that NO JOBS WERE CREATED.
We are NOW at the point when that is turning around and MORE jobs are being CREATED than are being LOST. How big the difference between those 2 numbers is will determine just how FAST the unemployment rate goes down.
Ken
Personally I hope that you're correct that more jobs are being created than lost but I don't see it in the cards at least not on a sustainable basis.
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