According to report from U.S. Labor Department on Friday, the U.S. companies have a total increase of 103,000 jobs in September this year,only a very small increase in August from surface, this figure seems to be really a positive indicator,however, as to the increase of 45,000 jobs ,it is only because Verizon's earlier employees on strike return to work, thus reflecting the adjusted statistics,but let us also see the so-called job creation did not even bring any change. Economists predict that the United States has150,000 additional jobs every month, in order to maintain synchronization with the population growth rate.Fewer and fewer jobs mean a substantial reduction in consumer spending, while two-thirds of the U.S. economy relies on consumer spending. Therefore, this will lead to a vicious circle,negative news of recession, layoffs, consumer confidence falls, then consumer spending leads to a more negative news of recession and more layoffs.Electronics industry has been dependent on consumer spending. In July this year, analysts forecast revenue of about Intel's quarter is from 13.5 to 14.5 billion U.S. dollars. Now take a look at Intel's third quarter results, revenue is the $ 12.8 billion.Intel is expected to maintain flat at best next quarter, from 12.8 to 13.3 billion U.S. dollars. Both iSuppli, Gartner forecasts, or SIA, they convey the same message: The current inventory level is high, but demand is lower.During U.S. presidential election in 1992, first election of former U.S. President Bill Clinton (BillClinton), used a campaign gnome: "You idiot! Problem lies in the economy!" (It'stheeconomy, stupid.) to make the successful transfer of the American people for concern about issues of international diplomacy. In 1992 when the U.S. unemployment rate quickly rose to 7.5% from 5.3% in 1989, causing the majority of grievances, and thus respond to Clinton's slogan, so he finally won the election. |
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The Second Alarm Of Semiconductor Industry