Another hit to jobs

JustAnotherNut

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Dec 31, 2015
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So tell me again how our unemployment numbers are down & jobs are up????

Lowe's cuts 2,400 managers

Lowe's, the home improvement chain, said Wednesday that it is redeploying its workforce in a way that will eliminate about 2,400 positions, most of them in management.

The biggest change will occur in the stores, where Lowe's says it can cut one or two assistant manager positions as it tries to shift the focus "from back-of-the-store activities to customer facing ones," the company said in a statement. The move will "enhance our efficiency and productivity."

Lowe's had 2,119 home improvement and hardware stores in the U.S. at the end of its third quarter, Oct. 28. At that time, the chain reported having adjusted net income of $775 million, up 5.3% compared to the year before.

The new model will shift responsibilities in ways that some store workers will get new responsibilities. The goal is to get the new model in place for spring, a big-selling season in the home improvement business.

Lowe's says it has also cut 37 employees who worked in "leadership positions" in its customer support and distribution centers. It's also eliminating 10% of the vice presidents in its corporate office. In total, the chain based in Mooresville, N.C., says the cuts amount to less than 1% of its workforce.

"It is always difficult to make decisions like these that affect our people, but sometimes they are necessary as we build for the future and meet the evolving needs of consumers," Lowe's said in the statement.

Lowe's and its rival, Home Depot, have been helped by improving home sales that drive more home improvement projects. The company told investors at a conference last month that it is focused on trying to reach more potential customers and building loyalty from the current ones.
 
Well, we will see if you are celebrating that leadership by the end of 2019. Remember, President Obama assumed office when the market was going straight down, and we were losing 500,000 jobs a month. Now, President Trump will assume office with the unemployment at less than 5%, and the Dow at nearly 20,000. Let us see whether the orange clown can even hold onto those numbers.
 
Well, we will see if you are celebrating that leadership by the end of 2019. Remember, President Obama assumed office when the market was going straight down, and we were losing 500,000 jobs a month. Now, President Trump will assume office with the unemployment at less than 5%, and the Dow at nearly 20,000. Let us see whether the orange clown can even hold onto those numbers.

I have no doubt those balloons will burst in the light of day and give leftists another thing to blame Trump for.....
 
So tell me again how our unemployment numbers are down & jobs are up????

Lowe's cuts 2,400 managers

Lowe's, the home improvement chain, said Wednesday that it is redeploying its workforce in a way that will eliminate about 2,400 positions, most of them in management.

The biggest change will occur in the stores, where Lowe's says it can cut one or two assistant manager positions as it tries to shift the focus "from back-of-the-store activities to customer facing ones," the company said in a statement. The move will "enhance our efficiency and productivity."

Lowe's had 2,119 home improvement and hardware stores in the U.S. at the end of its third quarter, Oct. 28. At that time, the chain reported having adjusted net income of $775 million, up 5.3% compared to the year before.

The new model will shift responsibilities in ways that some store workers will get new responsibilities. The goal is to get the new model in place for spring, a big-selling season in the home improvement business.

Lowe's says it has also cut 37 employees who worked in "leadership positions" in its customer support and distribution centers. It's also eliminating 10% of the vice presidents in its corporate office. In total, the chain based in Mooresville, N.C., says the cuts amount to less than 1% of its workforce.

"It is always difficult to make decisions like these that affect our people, but sometimes they are necessary as we build for the future and meet the evolving needs of consumers," Lowe's said in the statement.

Lowe's and its rival, Home Depot, have been helped by improving home sales that drive more home improvement projects. The company told investors at a conference last month that it is focused on trying to reach more potential customers and building loyalty from the current ones.


and kellogg's is shutting down a plant, but that was a mistake of their on making, and people turned away from their products because of it.

Lowe's people can apply for jobs at HD for $12-33 hr in most areas.

As the economy and home ownership goes up, Lowes will probably expend again, if their prices and services are at competitive prices. Right now home ownership is down in many areas. More jobs, more home ownership, more need for products from Lowe's...............

Right now was have comitment for over a million jobs but it will take time to actually have that many working full time. Many will come in the next year, others in the next two to three. Billions of investments are being committed to the US economy so some of those Lowe's employees will get their job back or find better jobs. It just won't be tomorrow.

Many though they would lose job forever and have to work three jobs to make ends meet. Now we know there is light at the end of the tunnel and in the next few year an even brighter future if people work together
 
So tell me again how our unemployment numbers are down & jobs are up????

Lowe's cuts 2,400 managers
.
Well, let's look at the data. For November, 2016 (the 1st through the 30th), 1,528,000 people were laid off. Add on 2,440,000 people who quit in November and 242,000 who retired/died/left the country. Compared to that, 2,400 managers is a very small drop in a very big bucket.

At the same time, 4,563,000 people were hired in November.

That's why unemployment is down and jobs up. Job Openings and Labor Turnover Summary
 
So tell me again how our unemployment numbers are down & jobs are up????

Lowe's cuts 2,400 managers
.
Well, let's look at the data. For November, 2016 (the 1st through the 30th), 1,528,000 people were laid off. Add on 2,440,000 people who quit in November and 242,000 who retired/died/left the country. Compared to that, 2,400 managers is a very small drop in a very big bucket.

At the same time, 4,563,000 people were hired in November.

That's why unemployment is down and jobs up. Job Openings and Labor Turnover Summary

Awesome......do you have anymore data BEFORE the election, like for the last 8 years? Or ya just pickin & choosin?
 
Thanks Trump

Since he has yet to be sworn in, he is not responsible for this.......but I'm sure he will appreciate your gratitude
Of course he is. He's responsible for GM and Sprint making a profit last year letting them announce they're going to hire lots of people, so he must also be responsible for this.
 
Thanks Trump

Since he has yet to be sworn in, he is not responsible for this.......but I'm sure he will appreciate your gratitude
Of course he is. He's responsible for GM and Sprint making a profit last year letting them announce they're going to hire lots of people, so he must also be responsible for this.

You really are a dumb fuck aren't ya??:lmao::lmao::lmao:
No you dumb rube. The point flew completely over your head. Alas.
 
So tell me again how our unemployment numbers are down & jobs are up????

Lowe's cuts 2,400 managers
.
Well, let's look at the data. For November, 2016 (the 1st through the 30th), 1,528,000 people were laid off. Add on 2,440,000 people who quit in November and 242,000 who retired/died/left the country. Compared to that, 2,400 managers is a very small drop in a very big bucket.

At the same time, 4,563,000 people were hired in November.

That's why unemployment is down and jobs up. Job Openings and Labor Turnover Summary

Awesome......do you have anymore data BEFORE the election, like for the last 8 years? Or ya just pickin & choosin?
How about last 16 years?
Monthly Hires
Monthly Layoffs
Monthly Quits
Monthly other seperations

But if you prefer charts:
fredgraph.png


If the red line is higher, job losses. If the blue line is higher, job gains.
So while monthly separations are now at least as high as during the recession, monthly hires are greater still.
And look at the difference between WHY people left their job:
fredgraph.png


Notice how quits have gone up?
 
Thanks Trump

Since he has yet to be sworn in, he is not responsible for this.......but I'm sure he will appreciate your gratitude
Of course he is. He's responsible for GM and Sprint making a profit last year letting them announce they're going to hire lots of people, so he must also be responsible for this.

Profits on the stocks is a precursor, anticipating jobs and profits to come.

Housing lags behind jobs. People need to have enough to put into a home, after they have a steady income of so many months, not before they actually get their jobs, or jobs back.

Behind housing is the places that sell supplies to repair and maintain those homes.

You can't sell supplies for homes before there are homes sold or built. Someone has to be fixing those homes, even as turnovers first.

Lowe's can't keep jobs if they are not making profits to pay their workers with.

The new jobs that will come first will be those that make new factories or modify them, upgrade them. Then the steady jobs in those factories, then the housing and retail, etc.

Billions have to be invested before the long term steady jobs exist.

First the deregulations that makes the jobs and building and that requires a president to sign the canceling of over regulations and fees that have been imposed by magic pen.

There is a process and the cards will being to fall in the right order.

Stocks are anticipating all this, not because it has already happened or happening.

Stocks will be up and down but 401Ks will be increased for those with retirement plans, for the present.

If there is some catastrophe in the meantime, stocks will go down be fore going back up.

The more violence, protests, lack of cooperation in congress, slowing of plans in place or promised or other factors, these will slow the markets and money for investing in these improvement and job building will lag.

Want a better economy, get congress to work for improvements not impede it.

More taxes and regulations has done so much damage already and we need to work together not against each other.

End the political nightmare and do what is best for the country as a whole not just select groups or minority special rights.

Want things to be better tell congress not to fight and concisder their people instead of their party failed politics. This was an elections of change, by the people of middle american not just the large cities of the coasts where most of the money resides. The people that need the jobs and that are trying to start businesses and keep their homes voted and that were losing their jobs to other countries voted.

Democrats, blacks, latinos, women, minorities if other type that used to vote democrat blindly vote for change. Obviously all those "canned votes" that clinton expected were already hers wanted something different. All those states and counties wanted change not more of the same. The richer cities were out of touch and couldn't see anything but their own tiny ideas of the country or even the world.
 
^^^ Can I ask what you are thanking him for? I am asking because he isn't our leader yet.

God bless you and him always!!!

Holly
Well then he can't take credit for companies claiming to hire more...

Jobs returning and new jobs due to changes in regulations and economic improvements to come due to his new policies.

Companies willing to work with Trump instead for their own self interests due to Obama's policies to prohibit growth.

Companies that now see potential "in" the US with a new administration. Hope
 

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