« | »

Wal-Mart Is Now Only Hiring Temporary Workers

First we have these joyous tidings from a walking-on-air Reuters:

Jobless claims fall; labor market healing ongoing

By Jason Lange | June 13, 2013

WASHINGTON (Reuters) – The number of Americans filing new claims for jobless benefits fell last week, nearing its lowest level in five years in a sign of resilience for the U.S. labor market.

Initial claims for state unemployment benefits declined 12,000 to a seasonally adjusted 334,000, the Labor Department said on Thursday. That was the smallest number of first-time applications since early May and near levels last seen the early days of the 2007-09 recession.

Which has now been over for exactly four years. (It officially ended in June 2009.)

But for the life of me I can’t see why there should be ‘seasonal adjustments’ for new unemployment claims. They are real. There is nothing complicated about them. But the MSM always insist on reporting the adjusted number instead of the number of actual real life new claims.

And, for the record, according to the Department of Labor, the ‘un-adjusted’ (aka real life) number of new claims was actually up by 37,141. (Which is only a 47,141 difference.)

Many economists believe growing confidence in America’s economic recovery has led U.S. employers to exit a long cycle of elevated layoffs. Moreover, it has been difficult to discern any increase in layoffs due to Washington’s embrace of harsher fiscal austerity this year…

The sequester is to blame.

The jobless claims reading beat the expectations of economists polled by Reuters, who had expected a decline of 1,000

Again, the number of real life new claims was up by 37,141.

In any case, we actually have gotten the real reason for any increase in hiring from Reuters, albeit accidentally:

Exclusive – Wal-Mart’s everyday hiring strategy: Add more temps

By Dhanya Skariachan and Jessica Wohl | June 13, 2013

(Reuters) – Wal-Mart Stores Inc has in recent months been only hiring temporary workers at many of its U.S. stores, the first time the world’s largest retailer has done so outside of the holiday shopping season.

A Reuters survey of 52 stores run by the largest U.S. private employer in the past month, including one in every U.S. state, showed that 27 were hiring only temps, 20 were hiring a combination of regular full, part-time and temp jobs, and five were not hiring at all. The survey was based on interviews with managers, sales staff and human resource department employees at the stores…

Using temporary workers enables the company to have adequate staff on busy weeknights and weekends without having to hire additional full-time staff… The hiring strategy could save Wal-Mart money by trimming labor costs at a time when its margins remain under pressure…

Oh, that must be why they are doing it.

It also could set an example for some other companies as they look for ways to cushion themselves from a potential rise in healthcare costs next year as a result of President Barack Obama’s health care reforms, according industry experts and retail executives.

Ya think?

[But company spokesman David Tovar] said that the move wasn’t related to these reforms, commonly known as Obamacare…

Who is going to admit that they are hiring temporary workers to avoid paying for Obama-Care, and bring the government come down on their neck?

This article was posted by Steve Gilbert on Thursday, June 13th, 2013. Comments are currently closed.

No Responses to “Wal-Mart Is Now Only Hiring Temporary Workers”

Sorry, comments for this entry are closed at this time.


« Front Page | To Top
« | »