depends on if you are calculating unemployment or under-employment ( not enough work to pay the bills with the primary income )The landing is looking pretty soft.
Unemployment though rising isn't that bad.View attachment 166195
Takes time though.depends on if you are calculating unemployment or under-employment ( not enough work to pay the bills with the primary income )
am expecting a trend towards more robotics and automated systems to be introduced to combat wage demands and skilled worker shortage ( and we could always weed out the various 'public services ' , a lot of seat-fillers there )
i started early on the 'worry ' i watched Repo Madness in September 2019 and built on my strategy built around my ( erroneous ) estimation there would be a big crash in 2013 , i don't let good preparations go to wasteTakes time though.
They should hit bottom soon. More worried about us.
They were talking about it on the radio and women were ringing up saying they spend $400! Jeez.Well I've had the six weekly hair cut so according to the organ grinder's monkey that will now push up inflation a bit more.
Hairdresser comes to our place $35 for the two hair cuts nothing fancyThey were talking about it on the radio and women were ringing up saying they spend $400! Jeez.
Did you supply the basin, or did they? LolHairdresser comes to our place $35 for the two hair cuts nothing fancy
Hairdresser comes to our place $35 for the two hair cuts nothing fancy
Cash is King or Queen in this case $15 for me and $20 for her. Professionally trained hairdresser and pulls in a good number of dollars a day. Six days a week.lol $17.50 each sounds almost too low for a real business - the long drive out ta farmer's joint, evading the dangerous dreamtime serpents up and down the place... doesn't really look sustainable as an hourly rate for a pro. Sounds like cash in hand job or mate's rates sorta thingI recently paid $45 at a barber's - not the VERY cheapest place but not much more than the cheapest. I miss $15 haircuts
Yes sir, so sorry!!!!Take it to the haircut thread you blokes.
Mick
And a laugh from me alsoUmm........the FMG thread okay ?
fortunately for the US, wars around the world gave a hefty legup to defence orders spending.The chaotic time series of US Factory Orders was expected to swing to a big loss (-3.00% MoM) in October (data released today) after a big jump in September and big drop in July (and a big jump in June!).
However, factory orders tumbled even more than expected, down 3.6% MoM - the biggest drop since the COVID lockdowns (April 2020). September was also revised lower (making October's decline even worse) from +2.8% MoM to +2.3% MoM...
Source: Bloomberg
The big monthly decline and revisions dragged orders down 2.1% YoY (the biggest drop since Sept 2020).
Core factory orders also dropped (-1.2% Mom), leaving them down 2.2% YoY - the eight month in a row of annual declines...
Source: Bloomberg
The final Durable Goods Orders data for October confirmed the preliminary print plunge down 5.4% MoM.
Who said wars are not good for the economy, especially if none of your own soldeirs are getting killed.
According to the report, Hasbro warned in October that they expected to see a 15% slump in sales this year, after previously forecasting a 3% to 5% decline. This came on the heels of posting its fourth-consecutive quarterly loss thanks to a 10% drop in Q3 sales.Shares for Hasbro and Mattel fell 4% and 3%, respectively, in after-hours trading. Hasbro shares are down 20% this year, while Mattel stock is up 5.4%.
The announcement, just two weeks before Christmas, comes as toy companies enter their busiest time of the year. About half of toy companies’ yearly sales come in the weeks leading up to the holiday, according to analysts, making the period a make-or-break stretch for manufacturers. -WSJ
well something happened to reduce to number of successful child-births , now it might be the success of Planned Parenthood , or an artifact of a medical intervention or maybe married couples are too financially stressed to consider rearing children , of course the new Wokism trend will confuse some heterosexual couples as wellWith Christmas approaching, one might expect that it would be a boom time for the makers/distributors of toys.
In an early sign that things may not be all rosy, toy maker Hasbro have laid off about 20% of their work force.
From Zero Hedge
View attachment 167166
The layoffs, which account for nearly 20% of Hasbro's workforce, were noted in a Monday memo Cocks sent to employees, which was viewed by the Wall Street Journal. The slump in sales came after sales hit "historic, pandemic-driven highs" melted into holiday season challenges which are expected to continue into next year.
"The market headwinds we anticipated have proven to be stronger and more persistent than planned," reads the memo. "While we’re confident in the future of Hasbro, the current environment demands that we do more."
The cuts will be completed in the next 18-24 months.
According to the report, Hasbro warned in October that they expected to see a 15% slump in sales this year, after previously forecasting a 3% to 5% decline. This came on the heels of posting its fourth-consecutive quarterly loss thanks to a 10% drop in Q3 sales.
Notable Hasbro brands include; Power Rangers, PJ Masks, GI Joe, Monopoly, Play-Doh, and Transformers.
Mick
That's not good. I hope the elves are OKWith Christmas approaching, one might expect that it would be a boom time for the makers/distributors of toys.
In an early sign that things may not be all rosy, toy maker Hasbro have laid off about 20% of their work force.
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