Doomzie "recession" to hit hard: One-Third of U.S. Employers to Hire Workers

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Of course, its not 100% will add workers. IPSO FACTO in DOOM THEORY "recession". Better stock up on rice and beans to get through the "hard times".

One-Third of U.S. Employers to Hire Workers-Survey August 28, 2000 1:50 am EST Provided by MILWAUKEE, Wis. (Reuters) - Nearly one-third of U.S. employers expect to hire more workers in the fourth quarter despite a labor shortage, a survey released on Monday said. The outlook reflects the highest year-end demand for workers in 25 years, according to a quarterly employment outlook survey conducted by Manpower Inc. (MAN.N), a Milwaukee, Wis.-based temporary employment company. Of the 16,000 companies polled, 32 percent of employers said they plan employment increases while only 7 percent plan to cut staff, according to the survey. The report also said that 57 percent of employers anticipate no change while 4 percent are uncertain. The fourth quarter is typically a less-active hiring period than spring and summer, Manpower said. "Removing the impact of seasonal variation, the upcoming period is particularly significant," Jeffrey Joerres, Manpower's president and chief executive officer, said in a statement. Manpower said the wholesale and retail industry showed the strongest demand for workers as they seek holiday help. In fact, 41 percent of the companies in the industry surveyed expect to hire new workers and 6 percent anticipated cutbacks. Hiring activity for the country's transportation and public utility companies is the highest in 21 years, with 30 percent of the companies planning to hire new workers and 7 percent anticipating staffing cuts. Manpower also said that only the construction industry failed to meet the same hiring levels as last year. (YEAH REAL BAD. INTEREST RATES WENT UP SO WHAT DID THEY EXPECT?)

-- cpr (buytexas@swbell.net), August 28, 2000

Answers

SO MUCH FOR THE "recession coming because of the rise in oil prices.

The outlook reflects the highest year-end demand for workers in 25 years, according to a quarterly employment outlook survey conducted by Manpower Inc. (MAN.N), a Milwaukee, Wis.-based temporary employment company. Of the 16,000 companies polled, 32 percent of employers said they plan employment increases while only 7 percent plan to cut staff, according to the survey.



-- cpr (buytexas@swbell.net), August 28, 2000.

Now watch some MORON post "See, cpr can't even do math. 32% is not 1/3rd."

-- cpr (buytexas@swbell.net), August 28, 2000.

No some moron will post "tell us when you are done talking to yourself creep".

Hey creep, let us know when you are done talking to yourself.

Look ^^^^see I told you.

-- (crpis@loser.com), August 28, 2000.


SO MUCH FOR THE "recession coming because of the rise in oil prices.

Clinton Calls Oil a Recession Risk

-- Who to believe (CPR@or.Clinton), September 08, 2000.


http://greenspun.com/bboard/q-and-a-fetch-msg.tcl?msg_id=003iz5

Saturday September 9, 3:35 pm Eastern Time

EU to OPEC: Boost Oil Production

By PAUL AMES
Associated Press Writer

VERSAILLES, France (AP) -- European Union finance ministers on Saturday urged OPEC to boost oil production to prevent soaring fuel prices from putting the brakes on the world economic expansion.

``The current level of oil prices is a source of major concern,'' the 15 ministers said in a statement. ``Oil prices need to return to a level that preserves worldwide growth.''

French Finance Minister Laurent Fabius, who chaired the EU talks, said he hoped the Organization of Petroleum Exporting Countries would decide at its meeting Sunday in Vienna to bring down oil prices, which have tripled since December 1998.

He warned that failure to do so could hurt everyone, not just oil consumers.

``Any measure that knocks Western economies off balance will sooner or later have a negative impact on the producers,'' Fabius told a news conference.

Saudi Arabian Oil Minister Ali Naimi said Saturday the OPEC members will agree to raise petroleum output by at least 500,000 barrels a day, but energy analysts estimate an increase of 800,000 barrels a day is needed to bring prices down from 10-year highs.

``The increase in oil prices can only be turned around by OPEC,'' said German Finance Minister Hans Eichel. ``OPEC has to act now.''

The rise in crude prices risks accelerating inflation and undermining the resurgent EU economy, which is expected to grow by 3.4 percent this year, its fastest rate in over a decade.

Protests against rising oil costs brought chaos to France this week as truckers and farmers led a week-long blockade of refineries and choked supplies to gas stations.

The protesters blame their own governments' fuel taxes of up to 80 percent for the high prices and demanded cuts.

Although the French government agreed to ease taxes to end the blockade, European ministers ruled out any concerted reductions.

``Each minister stated his government's position of no change in its policy on oil taxation, for economic and environmental reasons,'' the EU statement said.

Some ministers were critical of the French cuts to appease protesters.

``France should not go any further in lowering taxes,'' said Dutch Finance Minister Gerrit Zalm. ``Not everybody was happy with what happened.''

The ministers agreed to investigate allegations oil companies collude to keep prices high. ``Perhaps this is the moment to increase the level of competition and transparency in the sector,'' said Spain's Economics Minister Rodrigo Rato.

-- (in@the.news), September 10, 2000.



EU to OPEC: Boost Oil Production

http://biz.yahoo.com/apf/000909/eu_finance.html

-- Sorry. Here's (the@real.link), September 10, 2000.


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