GEICO closes all California offices, lays off workers: report

No of course not, I’m saying job gains have outnumbered job loses

 

Nah, jobs have just now started taking a dive.

 

Are you Madam Cleo? You are wrong. We are in a recession and unemployment is just starting to rise.

I remember when some said inflation would be "transitory".

 

That is statistically inaccurate, it’s GDP that is taking a dive, not job gains

 

people quit their jobs at a rate of 4 million a month in 2021. Low unemployment in this economic environment is a indicator we are in a recession. Will take 2 years to get inflation under control. When unemployment dips below its natural rate, it means workers are scarce and the economy is running too hot.

 

They should stop their endless insanely annoying commercials if they want to save money.

 

To be fair, California does represent 14.6% of the total U.S. economy. To put that into perspective, that would be like if the U.S. had only 7 equal sized states and something was happening in one of them.

 

Sure. Normally I agree. But a once-in-a-century pandemic isn't just a market fluctuation.

 

LOL! So you are just trolling.

 

I agree. By market fluctuations I mean what's coming. Covid was kind of a blanket save all. These comments are partially directed towards my own country as well.

 

Yes, we are certainly weeding out a bit here now. But the biggest problem is the supply chain. You can't do business if you can't get the parts you need. We have parts on order right now for funded projects, that we won't see until mid next year. Luckily we are highly diversified and can weave around the market. But some companies are devastated by this.

There was one part that is a common item normally costing about $300. They were back ordered until kingdom come and some companies were desperate. Our VP found one at EBay for $10,000.

 

So the folks at Geico didn't lose their jobs?

 

I wonder if this has more to do with AB5 or various other labor laws which are making it difficult to have any innovative or useful pay structures.

 

That poor little lizard

 

Kind of pointless to count these who don’t need a job

 

And we still haven't reached the employed number of 2019.

 

If that's true it's the definition of stagflation and that is a horrible place for us to be in the coming months...

 

Job gains are a matter of the economy as a whole gaining more jobs than losing jobs. Even when the economy is at its absolute best, there are some people who have lost their job. In our most recent jobs report, our economy gained 370,000 more jobs than what it lost

 

1 million Americans have died from COVID since 2019....

 

Yeah, there is an expected crash in the real estate market related to business/offices in particular. Housing market still doing well as people need more space working from home.

 

The Politically Connected Vultures circle:

Chuck Schumer’s son-in-law lands lucrative gig at private equity giant Blackstone.

Blackstone Prepares A Record $50 Billion To Snap Up Real Estate During The Coming Crash.

 

Nah, that is just smoke and mirrors. Losing thousands of good paying jobs then gaining low paying jobs that no one wants is not a win.

Even NPR sees it:

https://www.npr.org/2022/06/29/1108109505/job-cuts-layoffs-economy-recession

 

At present, there are 2 openings for every unemployed person and still, the Great Resignation continues apace. Where they are getting all their money from I have no idea but more power to them, let the employers feel the gentle dropping of **** onto their bald heads for once.

That GDP indicator is just an observation with no scientific backing anyway. Economists love observations makes them feel all scientific without having to think.

 

They get all tingly waiting for a Hitler. Lord knows the Republicans have enough of them.

 

FACT:
Californians can still obtain policies through a computer or a mobile device

FACT:
Technological Advances claim another victim...
Welcome to the 21st Century...