Join the forum, it's quick and easy

Would you like to react to this message? Create an account in a few clicks or log in to continue.
Latest topics
» Stillnutty passed away
How Washington Is Killing Jobs EmptyWed Feb 06, 2019 3:59 pm by Sad American

» UF2 Members Chat Thread: Part 3
How Washington Is Killing Jobs EmptyThu Mar 02, 2017 1:02 am by DesperateInRI

» UFO 2.1 VIDEO JUKEBOX - Our Chords & Keys To Ascension
How Washington Is Killing Jobs EmptyWed Mar 01, 2017 8:19 pm by DesperateInRI

» I see this board has been quiet
How Washington Is Killing Jobs EmptyTue Jun 07, 2016 1:24 pm by Knight1009

» Hello Ya'll. *Theirmommie*
How Washington Is Killing Jobs EmptyTue Nov 17, 2015 9:42 am by my_lucid_bubble72

» 20 % of Americans Struggle To Buy Food
How Washington Is Killing Jobs EmptyThu Jul 16, 2015 1:00 pm by pbrad009

» The Make Some One Day Challenge
How Washington Is Killing Jobs EmptyWed May 27, 2015 12:32 pm by Prof_NSA

» Clues to why they not hiring you
How Washington Is Killing Jobs EmptySun Apr 05, 2015 5:25 pm by Sandra5yearsunemployed

» New Year Nothing Change
How Washington Is Killing Jobs EmptyTue Jan 20, 2015 5:48 pm by Prof_NSA

» Passed?!?! H.R. 3979: Emergency Unemployment Compensation Extension Act of 2014
How Washington Is Killing Jobs EmptyFri Dec 19, 2014 4:24 pm by charliekerper

» Forbes: America's #1 Problem is Jobs, Not Debt
How Washington Is Killing Jobs EmptySat Nov 15, 2014 10:50 pm by jmainframe

» Economy just getting worse
How Washington Is Killing Jobs EmptyMon Oct 06, 2014 12:16 pm by oncemore

» January Jobs Report: U.S. Economy Adds 157,000 Jobs; Unemployment Rate Up To 7.9 Percent
How Washington Is Killing Jobs EmptyFri Oct 03, 2014 11:23 am by DesperateInRI

» Hey Guys!!!!
How Washington Is Killing Jobs EmptyMon Sep 29, 2014 9:17 am by pbrad009

» Up all NIGHT WORRIED!
How Washington Is Killing Jobs EmptyThu Sep 25, 2014 11:56 pm by pbrad009

Social Networks
June 2024
SunMonTueWedThuFriSat
      1
2345678
9101112131415
16171819202122
23242526272829
30      

Calendar Calendar


How Washington Is Killing Jobs

Go down

How Washington Is Killing Jobs Empty How Washington Is Killing Jobs

Post by Guest Sun Jul 10, 2011 8:06 am

The conventional wisdom is that it's all a bluff. Politicians might be crass and even corrupt, but they're not self-destructive. Except now, Americans aren't so sure. Dire predictions about what could happen if there's no debt deal in Washington are beginning to impact consumer confidence and weigh heavily on the minds of business leaders. Ryan Sweet of Moody's Economy.com points out that confidence surveys show Americans are getting gloomier, even as fundamentals such as debt levels and spending have been improving. "The catalyst for the decline … may be related to the drumbeat of media attention to the debt ceiling and the doomsday scenario if it's not raised," he writes. "If the debt-ceiling issue is not resolved soon, declines in sentiment will intensify."


That affects the job market because business leaders closely follow the attitudes of consumers, since that's where much of their business comes from. And if consumers are spooked, businesses are very unlikely to bring on workers they may have to let go in a few months. The latest data show that companies have even stopped hiring temporary workers, who they usually bring on before hiring more full-timers.

http://www.usnews.com/news/blogs/rick-newman/2011/07/08/how-washington-is-killing-jobs?s_cid=rss:rick-newman:how-washington-is-killing-jobs

Guest
Guest


Back to top Go down

Back to top

- Similar topics

 
Permissions in this forum:
You cannot reply to topics in this forum