The greatest Economic expansion since the arrival on Earth of the Annunaki, 20,000 years ago, is expected to defy all economic realities. Reports are that even with inflation raging and commodity prices rising, the Obama Boom is set to continue apace. Employers are set to do a historic first, they will hire new workers even with increasing costs!
NEW YORK (CNNMoney) The economy may be losing steam, but that won’t stop companies from hiring.
Businesses have added more than a half-million jobs this year, the best three-month gain in private-sector employment in five years. And that momentum should continue.
[…]
Lots of companies are facing those same problems. The number of employers who have more employees than they did the previous month has been steadily gaining, according to the Institute of Supply Management’s surveys of executives. A third of manufacturing executives report increased staffing, while 22% of service sector executives are bringing on more workers to the industries that produce most of the nation’s jobs. Both readings are very high by historic standards.
[….]
“We’re seeing candidates receive multiple offers,” he said. “That means companies are interested in good talent. It’s been a while since we’ve seen the situation where candidates are saying, ‘No, thank you, I have another offer.'”
So Inflation and rising costs will not derail job growth? I have never heard or read of this ever occurring! Higher costs, mean less demand. Who are these people interviewing? The media will defend the myth of the Obama Boom at all costs. They will even tell people not to worry about inflation.
Tags: Inflation, Obama Boom
