Job Cuts and Layoffs

C

Card Slinger J

Aspiring Trainer
Member
So yeah my hours got cut again this week at work, instead of being able to work 3 days a week since I work under paycheck money at my retail store I'm working 2 days this week instead... It sucks...

Also the fact that the current U.S. Unemployment Rate is at it's highest in years that makes it even harder for high school graduates trying to find a new job, so what do they do cause of the Recession? Cut people's hours.

At least I'm making money that's what really matters to me right now, plus since I'm living with my family they sometimes help me cover for money on food and such.

So how are you guys coping with the current U.S. Recession?
 
That's a shame. I'm 14, and I can work 7 days a week. (Restrictions on hours though) It seems that lots of fast food/low profile jobs are available where I am. Best of luck to your search for a job.

*edit* Haha Zenith. Ohio <3
 
You can't legally work most jobs in New York State until 16, so I cannot say I feel your pain.

And yeah, we're still in recession, but I believe it is not as bad anymore.
 
Jobs are a lagging indicator. Which means the economy comes back before people start hiring. Myself, I am both worried and happy. I am worried about my job and I am happy not to be working all that overtime I had been.
 
I'm in contact with a large number of people who track the economic state of our country fairly heavily (billionaires), and most of them are in agreement that this year will still be hit pretty badly still. The reason why is because the banks were holding out on putting a large number of their houses and complexes on the market last year because they didn't want too much inventory for sale. It's basic economics - supply verses demand. If they would have dumped everything last year, they wouldn't have gotten as much money (even though they didn't really make out too well) as they did, because there would be more choices to choose from. I remember at the late parts of last year, for foreclosures, there were many bidding wars, of which you would have never seen in the earlier stages of last year.

From this, we can assume that in two years from now will probably be our bottom. Afterward, my sources are in agreement that it should start picking up from there. Thus, around four to five years from now, we should be cranking on all cylinders (this is where the smart investors sell :p). All of us savvy investors are picking up everything we can on the commercial end right now because the banks are dumping. This market is just what you make of it. Millionaires and billionaires are made in the down markets, not the booming economy.
 
Limitless said:
I'm in contact with a large number of people who track the economic state of our country fairly heavily (billionaires), and most of them are in agreement that this year will still be hit pretty badly still. The reason why is because the banks were holding out on putting a large number of their houses and complexes on the market last year because they didn't want too much inventory for sale. It's basic economics - supply verses demand. If they would have dumped everything last year, they wouldn't have gotten as much money (even though they didn't really make out too well) as they did, because there would be more choices to choose from. I remember at the late parts of last year, for foreclosures, there were many bidding wars, of which you would have never seen in the earlier stages of last year.

From this, we can assume that in two years from now will probably be our bottom. Afterward, my sources are in agreement that it should start picking up from there. Thus, around four to five years from now, we should be cranking on all cylinders (this is where the smart investors sell :p). All of us savvy investors are picking up everything we can on the commercial end right now because the banks are dumping. This market is just what you make of it. Millionaires and billionaires are made in the down markets, not the booming economy.
Click to expand...
Warren Buffet says "Sell when others are buying and buy when they are selling"
 
Oh I am still feeling the pain of this recession, back in October, I was laid off due to the economy. I am still looking for a job, and it just sucks. Granted the job I was at paid high enough that I have been eligible for unemplyment. So I am allowed to be on unemployment for a year, but I hate not working to be honest. When I worked, I originally worked 45 hours a week, then a year later we had our O.T. cut so we worked a straight 40. I'd love to be working a 50 hour week really, maybe pushing towards 60.
 
This topic almost reminds me watching a segment on the Colbert Report where one of Stephen's guests Raj Patel came out with a book called, "The Value of Nothing". Look it up on Wikipedia he might be onto something...

http://www.colbertnation.com/the-colbert-report-videos/261500/january-12-2010/raj-patel
 
Wal-mart hired me when I tried applying at Target and was unsuccessful. At Wal-mart, you can select which locations will receive your application and the application is good for 90 days. Pretty soon there should be temporary openings for the Spring season with Easter only a little over a month away and Valentine's Day quickloy approaching.
 
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