Economic recession in the United States (U.S.) in theory is ended two years ago. However, with nearly 14 million Americans who lost their jobs, equivalent to 9.1 percent of the total workforce, Uncle Sam is arguably not fully free from crisis. This condition is exacerbated by the problems that encourage debt rating agency Standard and Poor's (S & P) downgraded the U.S. to "AA +" from "AAA" for the first time in history. Be the U.S. economy is now faced with two difficult problems, debt and employment.
Indeed, of the many unemployed in the U.S., there are of them who still have jobs to work part-time accident. However, this group includes vulnerable because of the risk of job loss can happen at any time.
Head of the Federal Reserve (Fed) Ben Bernanke said the jobs crisis in the U.S. is a big problem because the skills of someone who does not have a job for six months will disappear.
In July, the U.S. unemployment rate was down to 9.1 percent. However, it is not the good news. Because the change is because the number of workers who retired or left the company. Rating agency Moody's Investors Service said that economic performance is just an adjustment period.
Or, conversely financial crisis has damaged the U.S. permanently Uncle Sam's economic growth potential. The U.S. economy is growing not driven consumer spending. For your information, the U.S. economy grew 0.4 percent in the first quarter of 2011 and 1.3 percent in the second quarter of 2011.
This is mostly caused by companies that spend on equipment sales and increased exports as the dollar weakened. In the U.S., in recent months many companies cut employees to save money and revive profit growth.
The result, the majority of U.S. companies reported solid earnings in its quarterly report. On the other hand, companies are now actually divert their business to focus on developing countries like China, Brazil, and India.
Call it the pharmaceutical company Merck to cut staff by 13 thousand people where 35-40 percent reduction of employees conducted in the U.S., after the company bought Schering-Plough for USD49, 6 billion two years ago. Next, Merck will reduce 13 percent or 12 thousand-13 thousand employees in 2015.
"Merck has taken the difficult steps that companies can increase profits," said Chief Executive Officer (CEO) of Merck's Kenneth Frazier.
Another case with Boston Scientific, a company which manufactures medical equipment will only cut as many as 1,400 employees because of falling demand for stents and pacemakers.
However, instead of Boston plans to open 1000 new jobs in China, in order to take advantage of the rapid growth in the country with the second largest economy in the world. Meanwhile, the second largest book store chain in the U.S., Border Stores, has been shut down as many as 399 book stores and lay off 10,700 employees in the U.S. people.
Meanwhile, the giant technology company Cisco job cuts as many as 6,500 people after its shares plunged more than 20 percent this year. As a result, investors are looking for major changes and Cisco's massive restructuring, not only reduces employee but rather make the most of its employees early retirement and the streamlining of the management team
BlackBerry smart phone manufacturer, Research in Motion (RIM), also reduce 2,000 employees or approximately 10 percent of its workforce to streamline its business amid a lack of demand for smartphone products. Financial companies are also not free from labor problems.
Financial giant Goldman Sachs announced last July it would cut 1,000 jobs in the hope of reducing costs by up to USD1, 2 billion every year. Similarly, the banking giant Hong Kong and Shanghai Bank Corporation (HSBC) has said it will reduce by 25 thousand employees around the world in order to maintain profitability and cost savings of between $ 2, 5 billion-$ 3, 5 billion.
However, specifically for business expansion in emerging markets, including countries in Asia, HSBC would likely recruit tens of thousands of workers in the next few years. Meanwhile, investment banking firm Credit Suisse (CS) laying off 2,000 workers, or approximately four percent of the global workforce in order to save company funds amounting to USD1, 3 billion.
Other companies are doing layoffs (layoffs) is an aircraft manufacturer Lockheed Martin. The company is to lay off as many as 3300 workers. And lastly, the world's largest pharmaceutical company, Pfizer, cut 5530 employees from several products lose patent rights as well as the streamlining of research.
CNNMoney quoted, the total since the financial crisis of 2008 ago, the U.S. has lost 8.8 million jobs. Of these, the newly absorbed so far only 1.9 million jobs.
Indeed, of the many unemployed in the U.S., there are of them who still have jobs to work part-time accident. However, this group includes vulnerable because of the risk of job loss can happen at any time.
Head of the Federal Reserve (Fed) Ben Bernanke said the jobs crisis in the U.S. is a big problem because the skills of someone who does not have a job for six months will disappear.
In July, the U.S. unemployment rate was down to 9.1 percent. However, it is not the good news. Because the change is because the number of workers who retired or left the company. Rating agency Moody's Investors Service said that economic performance is just an adjustment period.
Or, conversely financial crisis has damaged the U.S. permanently Uncle Sam's economic growth potential. The U.S. economy is growing not driven consumer spending. For your information, the U.S. economy grew 0.4 percent in the first quarter of 2011 and 1.3 percent in the second quarter of 2011.
This is mostly caused by companies that spend on equipment sales and increased exports as the dollar weakened. In the U.S., in recent months many companies cut employees to save money and revive profit growth.
The result, the majority of U.S. companies reported solid earnings in its quarterly report. On the other hand, companies are now actually divert their business to focus on developing countries like China, Brazil, and India.
Call it the pharmaceutical company Merck to cut staff by 13 thousand people where 35-40 percent reduction of employees conducted in the U.S., after the company bought Schering-Plough for USD49, 6 billion two years ago. Next, Merck will reduce 13 percent or 12 thousand-13 thousand employees in 2015.
"Merck has taken the difficult steps that companies can increase profits," said Chief Executive Officer (CEO) of Merck's Kenneth Frazier.
Another case with Boston Scientific, a company which manufactures medical equipment will only cut as many as 1,400 employees because of falling demand for stents and pacemakers.
However, instead of Boston plans to open 1000 new jobs in China, in order to take advantage of the rapid growth in the country with the second largest economy in the world. Meanwhile, the second largest book store chain in the U.S., Border Stores, has been shut down as many as 399 book stores and lay off 10,700 employees in the U.S. people.
Meanwhile, the giant technology company Cisco job cuts as many as 6,500 people after its shares plunged more than 20 percent this year. As a result, investors are looking for major changes and Cisco's massive restructuring, not only reduces employee but rather make the most of its employees early retirement and the streamlining of the management team
BlackBerry smart phone manufacturer, Research in Motion (RIM), also reduce 2,000 employees or approximately 10 percent of its workforce to streamline its business amid a lack of demand for smartphone products. Financial companies are also not free from labor problems.
Financial giant Goldman Sachs announced last July it would cut 1,000 jobs in the hope of reducing costs by up to USD1, 2 billion every year. Similarly, the banking giant Hong Kong and Shanghai Bank Corporation (HSBC) has said it will reduce by 25 thousand employees around the world in order to maintain profitability and cost savings of between $ 2, 5 billion-$ 3, 5 billion.
However, specifically for business expansion in emerging markets, including countries in Asia, HSBC would likely recruit tens of thousands of workers in the next few years. Meanwhile, investment banking firm Credit Suisse (CS) laying off 2,000 workers, or approximately four percent of the global workforce in order to save company funds amounting to USD1, 3 billion.
Other companies are doing layoffs (layoffs) is an aircraft manufacturer Lockheed Martin. The company is to lay off as many as 3300 workers. And lastly, the world's largest pharmaceutical company, Pfizer, cut 5530 employees from several products lose patent rights as well as the streamlining of research.
CNNMoney quoted, the total since the financial crisis of 2008 ago, the U.S. has lost 8.8 million jobs. Of these, the newly absorbed so far only 1.9 million jobs.
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