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|In: Business Ethics|Last Updated:

Ready for ugly?

Unemployment has reached 7.6 percent, up from 4.9 percent one year ago.

Ignore this statistic. It counts only those actively looking for work — not a particularly useful metric. More interesting is the employment level, down 4,218,000 adult Americans in the last year.

It’s interesting if you’re among the unemployed, less because misery loves company than because who needs this much competition?

And it’s interesting if you’re a CIO, because with this many people out of work, there have to be opportunities to hire great people.

Hire? In this economy? I’m kidding you, right?

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|In: Business Ethics|Last Updated:

Bits, pieces, odds and ends:

A couple of weeks ago I gave Mark Gibbs the credit, but it was Abe Lincoln who said “People who like this sort of thing will find this to be the sort of thing they like,” long before Mark did.

Sorry Abe.

* * *

Not a correction:

Last week I said the worst of the worst when it came to budget-cuts would be decisions to defer non-discretionary spending.

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