U.S. Jobs Market Still In Sleep Mode
by Bradley Voight on 07/06/12June followed up May's less than stellar jobs report with another dud, at least as far as the markets are concerned. U.S. stock markets and base metals shifted into reverse by over 1% and oil is down 3% at 11am EST. Analysts were hoping for something like 150,000 jobs and the private sector produced just 80,000 positions. If you are looking for a silver lining, June is the 28th straight month of job growth in the U.S.
If you ask me, I think that slow and steady job growth is good considering the downturn we endured in '08-'09. If companies just start hiring to be hiring, then there is a risk that many new hires would be laid off in a soft patch. I still contend that there are literally thousands of $40-$60,000 jobs in the trucking industry that are going unfilled, I see at least 35 driving jobs in the Sunday want ads each week. Each ad says multiple drivers are needed. I think there are a lot of lazy folks out there who would rather take a handout than earn an honest living, sad but true.
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