Tracking the Job Losses
A Toad a la Mode Econo-tastic!(TM) Special Business Report
The recession has already claimed 4.4 million jobs, sending the unemployment rate
surging to 8.1%. Where did all those jobs go? We asked the experts,* and gleaned the following
from their largely incoherent ravings:
- Approximately 1 million jobs were lost to simple fraud. These jobs were secretly transferred
offshore to secure locations in the West Indies or Switzerland.
- Some 1.1 million Wall Street jobs disappeared into a swirling, hellish vortex that appeared briefly at the corner
of Broadway and Whitehall.
- Retailers shed 800,000 jobs, with the biggest cut-backs at businesses selling crap, useless shit,
worthless geegaws, and home furnishings.
- About 1.3 million jobs are believed to have never existed at all; they were actually part of an
elaborate Ponzi scheme wherein people were "hired" to do "work" predicated on the "hiring" of more people.
Sort of like Amway, or Human Resources.
- The remaining 200,000 job losses came in the fields of celebrity journalism (the long-anticipated
Michael Jackson bounce has been slow to materialize), food styling, lifestyle coaching**, and enhanced interrogation.
*Based on the results of a Google search for "economists + sobriety" indexed with individuals' Yelp reviews.
**We don't know what this means, and no one would tell us.
Which Industries Were Hardest Hit?
The financial, construction, and automotive sectors suffered especially sharp job losses:
While other industries have proven fairly recession-proof:
Who's Hiring Now?
There is a silver lining: Market-watchers predict rising demand in the following fields:
- Peanut plant inspection
- Mob enforcement
- Vortex prevention
- Freelance plasma donation
The Bottom Line
Job losses will continue until residential real estate recovers, which will not happen until the real estate-related
losses already incurred at financial institutions are accurately accounted for, which will not happen until
banks are forced to replace their managers with people willing to face reality, which will happen, apparently,
over Tim Geithner's dead body. So figure on late 2010 at the earliest.
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© 2009
by Toad à la Mode.