let's hope Merck does not cut to deep

[Anonymous]

I have been here 7 years and it's not that bad of a place. I have been at a lot worse places. The issue is that the economy is going down quick. The feds can’t lower interest rates or send out a stimulus package to help spur growth. Way to many place are cutting people right now. It’s happening everywhere from pharmaceuticals, financials, and retail in big numbers. It’s easy to complain about things but let’s be thankful that we are working. I am just like most people who complain and feel underappreciated here. The only advice I could give is not to make waves and do your best. Once the economy starts to move forward and unemployment goes down I will examine my options. Let’s hope for the best and everyone find happiness in time. I just concerned that if I get let go finding a job will not be that simple and the economy is turning for the worse again.

 

[Anonymous]

Keep your head down and look busy. It's worked for me for over 20 years.

 

[Anonymous]

I have been here 7 years and it's not that bad of a place. I have been at a lot worse places. The issue is that the economy is going down quick. The feds can’t lower interest rates or send out a stimulus package to help spur growth. Way to many place are cutting people right now. It’s happening everywhere from pharmaceuticals, financials, and retail in big numbers. It’s easy to complain about things but let’s be thankful that we are working. I am just like most people who complain and feel underappreciated here. The only advice I could give is not to make waves and do your best. Once the economy starts to move forward and unemployment goes down I will examine my options. Let’s hope for the best and everyone find happiness in time. I just concerned that if I get let go finding a job will not be that simple and the economy is turning for the worse again.

Agree with what you said, but you better be looking for a job NOW unless you are over 50 and/or can be bridged to retirement.

 

[Anonymous]

I have been here 7 years and it's not that bad of a place. I have been at a lot worse places. The issue is that the economy is going down quick. The feds can’t lower interest rates or send out a stimulus package to help spur growth. Way to many place are cutting people right now. It’s happening everywhere from pharmaceuticals, financials, and retail in big numbers. It’s easy to complain about things but let’s be thankful that we are working. I am just like most people who complain and feel underappreciated here. The only advice I could give is not to make waves and do your best. Once the economy starts to move forward and unemployment goes down I will examine my options. Let’s hope for the best and everyone find happiness in time. I just concerned that if I get let go finding a job will not be that simple and the economy is turning for the worse again.

Someone who knows about economics, what a pleasant surprise. The job report comes out tomorrow and normally it not that big of a deal. Because the economy is really fragile it will actually mean something. There is a 40% chance that we are going into a recession again. That is up from 10% 3 months ago. A report came out today that companies are just not hiring. We should be seeing 100-125 thousand jobs created each month. It's at 15-20 thousand right now. Not many people understand that a jobless recovery is extremely prone to a double dip recession/depression. Another problem is inflation keeps moving up and they government cannot raise the fed fund rate because that will put a further break in the economy. All the buffering that the government would use is gone and that is why it so worrisome. I hope we can bounce out of this sooner than latter. I hate working here but I am smart enough to stay for at least a while. I will wait until the last minute to accept the package. I will be gone in 9 months regardless.

 

[Anonymous]

Someone who knows about economics, what a pleasant surprise. The job report comes out tomorrow and normally it not that big of a deal. Because the economy is really fragile it will actually mean something. There is a 40% chance that we are going into a recession again. That is up from 10% 3 months ago. A report came out today that companies are just not hiring. We should be seeing 100-125 thousand jobs created each month. It's at 15-20 thousand right now. Not many people understand that a jobless recovery is extremely prone to a double dip recession/depression. Another problem is inflation keeps moving up and they government cannot raise the fed fund rate because that will put a further break in the economy. All the buffering that the government would use is gone and that is why it so worrisome. I hope we can bounce out of this sooner than latter. I hate working here but I am smart enough to stay for at least a while. I will wait until the last minute to accept the package. I will be gone in 9 months regardless.

GOOD NEWS

WASHINGTON (Reuters) - U.S. job growth accelerated more than expected in July as private employers stepped up hiring, a development that could ease fears the economy was sliding into a fresh recession.

U.S. payrolls increased 117,000, the Labor Department said on Friday, above market expectations for an 85,000 gain. The unemployment rate dipped to 9.1 percent from 9.2 percent in June, but this was mostly the result of people leaving the labor force.

The payrolls count for May and June was revised to show 56,000 more jobs added than previously reported

The report was the first encouraging piece of economic data in some time.

Fears that U.S. economy might be sliding back into recession, coupled with Europe's inability to tame its spreading debt crisis have roiled global financial markets. Economists see the odds of a recession as high as 40 percent.

U.S. stocks on Thursday suffered their worst sell-off in two years.

Top policymakers at the Federal Reserve will sift through the report when they meet on Tuesday but are not expected to announce any new measures to support the sputtering recovery.

The U.S. central bank has cut interest rates to zero and spent $2.3 trillion on bonds. Policymakers have said they want to see how the economy fares before taking any further action.

GROWTH HAS STALLED

U.S. growth stalled in the first half of 2011, fanning fears of a new downturn. Gross domestic product grew at a 1.3 percent annual pace in the second quarter after a scant 0.4 percent rise in the first three months of the year.

A stand-off between Democrats and Republicans over raising the country's debt ceiling poisoned the atmosphere for employers and consumers. The economy's poor health has eroded President Barack Obama's popularity among Americans and could hurt his chances of reelection.

The borrowing limit was raised this week in a deal that relied on spending cuts. Economists estimate the budget cuts and expiring stimulus -- including a payroll tax cut and emergency unemployment benefits -- could subtract more than a percentage point from GDP growth next year.

 

[Anonymous]

GOOD NEWS

WASHINGTON (Reuters) - U.S. job growth accelerated more than expected in July as private employers stepped up hiring, a development that could ease fears the economy was sliding into a fresh recession.

U.S. payrolls increased 117,000, the Labor Department said on Friday, above market expectations for an 85,000 gain. The unemployment rate dipped to 9.1 percent from 9.2 percent in June, but this was mostly the result of people leaving the labor force.

The payrolls count for May and June was revised to show 56,000 more jobs added than previously reported

The report was the first encouraging piece of economic data in some time.

Fears that U.S. economy might be sliding back into recession, coupled with Europe's inability to tame its spreading debt crisis have roiled global financial markets. Economists see the odds of a recession as high as 40 percent.

U.S. stocks on Thursday suffered their worst sell-off in two years.

Top policymakers at the Federal Reserve will sift through the report when they meet on Tuesday but are not expected to announce any new measures to support the sputtering recovery.

The U.S. central bank has cut interest rates to zero and spent $2.3 trillion on bonds. Policymakers have said they want to see how the economy fares before taking any further action.

GROWTH HAS STALLED

U.S. growth stalled in the first half of 2011, fanning fears of a new downturn. Gross domestic product grew at a 1.3 percent annual pace in the second quarter after a scant 0.4 percent rise in the first three months of the year.

A stand-off between Democrats and Republicans over raising the country's debt ceiling poisoned the atmosphere for employers and consumers. The economy's poor health has eroded President Barack Obama's popularity among Americans and could hurt his chances of reelection.

The borrowing limit was raised this week in a deal that relied on spending cuts. Economists estimate the budget cuts and expiring stimulus -- including a payroll tax cut and emergency unemployment benefits -- could subtract more than a percentage point from GDP growth next year.

USA credit rating just got downgraded. It's a big deal because it can have a ripple effect across the nation. That is why it was done Friday night. It should have happened but I never though it would. it's bad news and can cause more layoffs not only at Merck but elsewhere.

 

[Anonymous]

USA credit just got downgraded. That is bad news. We have had a AAA rating since 1917, through the great depression and many wars. This will send a shock through the economy. If housing interest rates go up *currently at a all time low* the market will freeze up. We need the housing market to get back on track in order to get out of this mess.