Tag Archives: Washington DC

MAY JOBS REPORT DISASTER: UNEMPLOYMENT HITS 9.1%


As a follow-up to several of my posts:

Here is the current US economic  situation as of today…  There is no joy in Mudville!

It’s Friday, June 3rd, the end of week 23 and the May jobs report is out.  As others have said, it is a disaster!  Briefly:

  •  The unemployment rate is now 9.1%, but the average work week has risen from 34.3 to 34.4 hours per week.  Average hourly earnings grew 0.3% vs. expectations of 0.2%.  This is more evidence that additional people are not being hired; existing workers are
    worked harder!
  • There were just 54,000 new jobs created in May, 2011.  The forecast was 154,000 – three times reality.  I need to get a set of those rose-colored glasses that they wear in Washington DC.  (Along with one of those white fedoras that Mat Lauer sported in Rome this week!)
  • Private sector jobs?   No joy; just 83,000 jobs were created and again, way below expectations.
  • Manufacturing employment went down 5,000 jobs.  This is the very sector we need to pull us out of this longest-running recession in modern times!

You can read the full Bureau of Labor Statistic report, ‘THE EMPLOYMENT SITUATION — MAY 2011’ here.

You can read Joe Weisenthal’s excellent report, May Jobs Report Disaster – Unemployment reaches 9.1% in Business Insider.

From my side of the peninsula, a double dip recession is inevitable!  Mind you that I am no economist but common sense tells me that with interest rates near zero (no chance of lowering them further) and the fact that almost half of the current mortgages in many areas of our country are ‘underwater’, and manufacturing jobs gone for good, how can you come up with any other conclusion?

If you have any money available for investment, buy gold or silver.  I’d love to tell you to get back into the stock or bond markets, (futures are sliding hard on the news today), I just can’t in good conscience tell you to do anything else!

What a mess!

Cliff

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We are finally Published on Amazon and Barnes and Noble


Amazon Kindle e-book reader being held by my g...

Image via Wikipedia

While it will be a day or two before you can actually go to Amazon.com and BN.com to purchase Views from Sandhausen (they have work to do after I finished), we are officially published!  The Hardcover and softcover versions will be another month to 45 days, VFS will be available tomorrow. 

eReaders that support ePub formats include the readers’ shown Here.

eReaders that support the Kindle format are limited to Amazon Kindle.  Having said that, how many more eReaders are required?

While I respect your enthusiasm, hold off on purchasing for the paper versions.  They are much more satisfying (in my opinion). The eBook’s advantages are that the interior photos are in color, and the hotlinks to places mentioned in the book are ‘hot’.  That means that you can click on the link, while holding down the Ctrl key, and be magically swept off to the location in question.  I am considering offering a bundle that includes your choice of eReader file along with a hardcover copy.  That was you have the tactile sensations of a paper book, along with the portability and added functionality of an eBook.

News from the Back Room indicates that another wonderful review has been received from Washington DC.  It is as follows:

1/15/11

REVIEW:

 Views from Sandhausen: Experiences from Foreign Service Assignment

Author: Clifford L. Feightner

Provocative and playful, Views from Sandhausen: Experiences from Foreign Service Assignment takes you on the Autobahn and highways of Europe, to a small village south of Heidelberg—Sandhausen. An American corporate ambassador and his wife share their first-hand experiences of the history, traditions, art, culture, cuisine, conveniences and inconveniences of living abroad. From this base location they venture through Germany, France, Italy, Austria, Switzerland and later the Cayman Islands—sharing their enterprising excursions, tips, photos and humorous stories. From the well known Louvre Museum and Neuschwanstein Castle to the local, lesser known KERVE celebration and “Blumen Flumen,” it is the personalities and perspectives of the expatriate couple that makes it a book well worth reading.

-Cher Skoubo

Owner, Skoubo Graphics

Washington, DC

http://skoubographics.com

On another note, we now have 858 Twitter followers. This is in addition to our 251 LinkedIn Connections, and 168 Facebook Friends, our little Tribe is really beginning to take off!  They are located worldwide and I trust that they will act as our ambassadors. 

Cliff