Comments on: ADP jobs #

By: Chief Tomahawk

Chief Tomahawk — Wed, 01 Jul 2009 15:25:01 +0000

Thanks, Alfred. I guess that means a lot are returning home to the parents after graduation. Even more stress for the apartment rental market.

By: alfred e

alfred e — Wed, 01 Jul 2009 14:32:09 +0000

If my memry serves me correctly as of a few weeks ago the stats wouls have been last year 54% of graduating students had jobs. This year it’s 19%.

Pretty grim if true. What an economy to graduate into.

By: Chief Tomahawk

Chief Tomahawk — Wed, 01 Jul 2009 13:14:29 +0000

Rob, I’m curious how deep and vast these state budget cuts are going to be? Not only will they cut staff directly, but that loss of spenders to the economy could trigger another down cycle from the economy as a whole and thereby more private sector job losses.

I wonder how the recent college grads are doing these days?

By: rob

rob — Wed, 01 Jul 2009 12:40:23 +0000

My wife and I had an interesting observation this past weekend. As usual on the weekend, we heard from several friends. In our circle of friends, we have at a catagory that can be referred to as blue collar labor workers without secondary education. (college, trade, etc) Then another catagory of friends are college educated. Over the weekend we heard from THREE different couples where the blue collar worker was losing their jobs within the month. Two of these were with long standing companies that are not scaling back, just shutting the doors completely. We also heard from three couples that are educated. They came by and was showing off their new vehicles they picked up Sat! While there are several points to be extracted from this, the biggest take away for me was that companies in my circle are starting to pick up on firing, not slowing down. Two months ago, we only knew two people that had been laid off. We now know 15.