More Spin on the "Jobless" (or "Job Loss") recovery from MSNBC

"More companies to add jobs in spring"
http://www.msnbc.msn.com/id/4534763/

This article is like a "Where's Waldo" game...see how many things you can find that just don't add up.

First: "Roughly one in four employers plan to add workers in the second quarter of the year to keep pace with increased demand for their products or services, according to a survey of 16,000 businesses by Manpower Inc., set for release Tuesday."

OK...Manpower is a TEMP agency. A temp agency surveyed employers and one in four is gonna hire TEMPS. Whoopee.

Second: "Someone looking for a job no doubt will have an easier time now than in recent memory, than in the past two or three years," said Jeffrey Joerres, Manpower’s chief executive officer and chairman. "It’s still going to be difficult in that companies are going to begin this process very cautiously."

So it will be easier than the time of the "Dot Com" bloodbath but it's still gonna suck. And the way companies are going to proceed cautiously is to hire TEMPS. As in lower wages, no medical benefits, no vacation / sick pay, etc. etc. etc. Whoopee again.

Third: "Substantial job growth will come if companies fulfill their hiring projections for the quarter, he said."

IF...ah, yes, the "big IF." And monkeys might fly out of my...ah, forget it.

Fourth: "Last month the economy added just 21,000 jobs, with much of the new hiring by government, according to the Labor Department. That left the unemployment rate stuck at 5.6 percent in February."

SO...we're still not hiring 150,000 (or was it 250,000) new people per month, but it's all going to magically turn the corner in Spring (which is, in "real world" time, like 5 minutes away????)

Why do I feel that every time MSNBC or CNN or Fox posts an article like this it's immediately followed by a check in their mailbox from Karl Rove?

Who believes it anymore?

just past that rainbow over there.

Cheers
Drifter

owned-and-controlled media outlets is fed to them directly from the WH, I wouldn't doubt...
Your tax dollars at work!

to spin than foreign policy. The American people need only look at their family, friends,and communites to realize that the unemployment figures are seriously flawed.

projections for the quarter, he said."

Well, as we all know it's never enough profit for Wall Street so they will keep on cutting jobs to make more money.

:eyes:

Wall Street will NOT make it for the third quarter so they will have to outsource more jobs to keep costs "down".

:eyes:

BS!!!!!!!!!!!!!!!!!!!

millions in bonuses for their cleverness and business savvy...

nfm

There's nothing in the data to support those conclusions. Not one technical economist believes this stuff. It comes from the traditionalists who still believe cutting taxes will lead to more jobs, despite the fact that there is no data to show that such as ever actually occurred.
The Professor

...Lou Dobbs addresses the same issue on the CNN site regarding attacks on his "Exporting America" series:

"Exporting America: false choices
In none of the attacks on my position on outsourcing has a news organization addressed the facts."

http://money.cnn.com/2004/03/09/commentary/dobbs/dobbs/index.htm

In the article Dobbs quotes Daniel Henninger of the Wall Street Journal, who ran a scathing indictment of the news host's position on exporting America: "It's as if whatever made Linda Blair's head spin around in 'The Exorcist' had invaded the body of Lou Dobbs and left him with the brain of Dennis Kucinich."

Edited for spelling error

I read the Dobbs article, and i'm not sure if i'm making the same connection as you intended.
The Professor

Dobbs is basically saing that statements are being made without data to back it up...at least that's how I read it.

Like all projections are facts? You can bet if the "manpower" survey showed otherwise it would have been buried and never seen the light of day.

Like all projections are facts? You can bet if the "manpower" survey showed otherwise it would have been buried and never seen the light of day.

I've never believed these "surveys"...just in the simple premises that they are done to promote hiring "temp" workers (you properly noted the Manpower reference) and how vaguely these things are presented.

In theory, if there's a heavy job demand, then there'll be a heavy demand on temps. In theory. In the 90's, it worked since there were more jobs than people to fill them (I think this is the only time in my nearly 50 years I'll ever see that) and the growth was across the board (all sectors were growing).

Now, it's catch as catch can. And you can see this regime fudge with those numbers (and in fairness Democrats do this, too) to make things look better, but there's a truth that underlies these "stats" that tell a far more ominous tales.

That survey, I'm sure, didn't mention where the job growth was, both in business area and geography. Wanna bet if we do a survey of defense contractors, their business is up. Wanna bet they look ahead for more wars and spoils and can't wait to get that next Pentagon contract. And that's just the tip of the corporate welfeare iceburg that is manipulated by the regime to create more black is white is black rhetoric to scare and confuse.

The Rove Message:

1.) If you're unemployed, it's your fault, there are jobs there...thus you're either not worth counting or should be shamed to be part of that count.

2.) You're the only one with this problem, every one else is living rich, happy lives thanks to the Repugnican masters, so if you're not doing well enough, either you're not working hard enough or just not worthy (keep sucking up harder...3 hours of Rush per day required)

3.) Those who complain about job losses and the economy are undermining "Amurica" and the "war on terror" is far more important than putting food on your family or building a secure economic present and future. You see, they're far more smarter than we are...they know far more, thus we must blindly trust them without question or fail.

I hope this regime attempts to downplay the economy. With oil prices still rising, things are gonna get worse, not better as belt will be tightened even further.

The pleasure is to watch this regime now stuck in its lies and every way they turn they get smacked with reality. More and more people are also seeing this every day and this tar baby will get stickier as more people are strangled by this devestating economy.

I don't have it with me now, so can't say which news service it came from. My paper is a small-town type.

my conjecture: cheerleaders for Smirk & Co.
http://www.theyrule.net

Stephanie A. Burns

Age 49
President and Chief Executive Officer of Dow Corning, a global leader in silicon based technology and innovation, since January, 2004. Held key management positions at Dow Corning since 1983, most recently as President and Chief Operating Officer from February, 2003 to December, 2003 and Executive Vice President from December 2000 to February 2003. A director of Chemical Bank and Trust Company and Michigan Molecular Institute. A director of Manpower since July, 2003.

Willie D. Davis

Age 69
President of All Pro Broadcasting Incorporated, a radio broadcasting company located in Los Angeles, California, since 1977. A director of Alliance Bank Co., The Dow Chemical Company, MGM Mirage, Sara Lee Corporation, Strong Funds, Metro-Goldwyn-Mayer Inc., Wisconsin Energy, Inc., Johnson Controls, Inc., Checkers Drive-In Restaurants, Inc. and Bassett Furniture Industries, Incorporated. A director of Manpower since May, 2001.

Jack M. Greenberg

Age 61
Retired Chairman and Chief Executive Officer of McDonald’s Corporation from May, 1999 to December, 2002, and Chief Executive Officer and President from August, 1998 to May, 1999. A director of Abbott Laboratories, The Allstate Corporation, First Data Corporation, Hasbro, Inc. and Quintiles Transnational Corp. A director of Manpower since October, 2003.

Terry A. Hueneke

Age 61
Retired Executive Vice President of Manpower from 1996 until February, 2002. Senior Vice President — Group Executive of Manpower’s former principal operating subsidiary from 1987 until 1996. A director of Manpower for more than five years.


J. Thomas Bouchard

Age 63
Retired Senior Vice President, Human Resources of International Business Machines from 1994 to 2000. Senior Vice President and Chief Human Resources Officer of U.S. West Inc. from 1989 to 1994. Also a director of Health Net, Inc. and Nordstrom fsb. A director of Manpower since May, 2001.


Rozanne L. Ridgway

Age 68
Retired Diplomat. A member of the U.S. Foreign Service from 1957 to 1989, including assignments as Ambassador for Oceans and Fisheries Affairs, Ambassador to Finland, Ambassador to the German Democratic Republic and Assistant Secretary of State for European and Canadian Affairs. Also a director of The Boeing Company, Emerson Electric Co., 3M, the New Perspective Fund and Sara Lee Corporation. A director of Manpower since February, 2002.

Edward J. Zore

Age 58
President and Chief Executive Officer of The Northwestern Mutual Life Insurance Company, the nation’s largest seller of individual life insurance, since June, 2001. President of Northwestern Mutual from March, 2000 to June, 2001. Executive Vice President, Life and Disability Income Insurance, of Northwestern Mutual from 1998 to 2000. Executive Vice President, Chief Financial Officer and Chief Investment Officer of Northwestern Mutual from 1995 to 1998. Prior thereto, Chief Investment Officer and Senior Vice President of Northwestern Mutual. Also a Trustee of Northwestern Mutual and a Director of Northwestern Mutual Series Fund, Inc. and Mason Street Funds, Inc. A director of Manpower since July, 2000.


Jeffrey A. Joerres

Age 44
Chairman of Manpower since May, 2001, and President and Chief Executive Officer of Manpower since April, 1999. Senior Vice President — European Operations and Marketing and Major Account Development of Manpower from July, 1998 to April, 1999. Senior Vice President — Major Account Development of Manpower from November, 1995 to July, 1998. A director of Artisan Funds, Inc. and Johnson Controls, Inc. A director of Manpower since April, 1999.

Dennis Stevenson

Age 58
Chairman of Pearson plc, an international media company and publisher of the Financial Times, and Chairman of HBOS plc, one of the world’s largest banking institutions based in the United Kingdom. A director of Manpower for more than five years.

John R. Walter

Age 57
Retired President and Chief Operating Officer of AT&T Corp. from November, 1996 to July, 1997. Chairman, President and Chief Executive Officer of R.R. Donnelley & Sons Company, a print and digital information management, reproduction and distribution company, from 1989 through 1996. Also a director of Abbott Laboratories, Deere & Company, Acceris Communications, Vasco Data Security International, Inc. and SNP Corporation of Singapore. A director of Manpower for more than five years.

http://www.sec.gov/Archives/edgar/data/871763/000119312504028807/ddef14a.htm

Beneficial owners of more than 5% of our outstanding common stock:

AIM Funds Management, Inc.
5140 Yonge Street
Suite 900
Toronto, Ontario M2N 6X7
Canada

4,824,000 shares 5.5% of 87,464,333 shares of common stock outstanding as of the record date

The board of directors has determined that eight of ten of the current directors of Manpower are independent under the listing standards of the New York Stock Exchange. The independent directors are: Mr. Bouchard, Ms. Burns, Mr. Davis, Mr. Greenberg, Ms. Ridgway, Mr. Stevenson, Mr. Walter and Mr. Zore. The board of directors made this determination after considering the following relationships and assessing the materiality of these relationships to Manpower, the named director and the entities involved:


• Ms. Burns is the President and Chief Executive Officer of Dow Corning, which has engaged us to provide temporary staffing services and Right Management Consultants, Inc., one of our subsidiaries, to provide career transition services.

• Mr. Zore is the President and Chief Executive Officer of The Northwestern Mutual Life Insurance Company, which has engaged in the following transactions with us:

• Robert W. Baird & Co. Incorporated, a wholly owned subsidiary of Northwestern Mutual, provided investment banking services to us in connection with our acquisition of Right Management Consultants, Inc.

• Northwestern Mutual and joint ventures or limited liability companies in which it has an equity interest lease space to us and our affiliates.

• Northwestern Mutual has engaged Jefferson Wells, one of our subsidiaries, to provide accounting and related temporary help services.

• Northwestern Mutual and joint ventures or limited liability companies in which it has an equity interest have engaged us from time to time to provide temporary staffing services.

Based on a review of the immateriality of the amounts involved in these relationships from the standpoint of each party to the relationship, the arm’s length nature of these relationships and the directors’ lack of involvement in negotiating the terms of these relationships, the board of directors has determined that the relationships discussed above are not material to us, the named director or the other entities involved.

(yeah, right - the Board can determine anything it wants)