I just read that the job growth in August was zero. I believe it after my experience a couple of weeks ago in Atlanta. I was there on business and went over to Lenox Square Mall. On the way, I ran into a beautiful woman who said she was heading over to a job interview. I figured she was going for a job as a model or high level manager of a hotel or organization–given the way she was dressed. “Wish me luck!” she exclaimed as she headed off the elevator we were on. As I headed into the mall later, she was in a long line of women, all gorgeous and all meticulously turned out. The line was long and went around the store. What jobs were these women applying for? A co-manager or clerk at the Forever 21 store opening up at the mall. All of them looked eager and frankly, a bit desperate for a job. But in Atlanta, where the unemployment is high, people seemed happy just to be working when I talked to them in cabs or in restaurants. How much worse will it get? I don’t know, but I think as more businesses “go John Galt” in the Obama economy, much worse.
How Bad will the Job Picture Get?