Red vs Blue States: Who’s Losing More Jobs?

Episode Transcript

Speaker 1 (00:00):
Next up, job cuts by state? What have you been told?
What have you been hearing? What have you been reading? Oh,
it's better in the red states than it is in
the blue states. Well, let's take a look. First of all,
let's look at the top. We were twenty twenty four,
there were seven hundred and sixty one thousand job cuts
least according to data from Challenger, Gray and various associations

(00:22):
US Census Bureau that went with that. However, this year
we're already seen one point one million cuts just to October,
so more cuts are happening this year than happened last year.
What's hiding in there is job growth, and job growth
has been kind of flat this year. So, in other words,
we have net job losses. Regardless of the stock exchange
being up and all the induxes being up, is much

(00:43):
different than job cuts. That's why they say that on
one hand you have Main Street and on the other
hand you have Wall Street. So where are the job cuts?
Is it blue or red? Let's find out. You look
at California. The darker colors on here are more job
cuts as a percent. You've got some blue states California, Washington,
New York, and Yes, New Jersey sixty four thousand cuts

(01:06):
just to New Jersey alone. That's pretty severe. Those are
blue states. However, Georgia has been a typically red state,
although it's gone back and forth the last two presidential elections,
and certainly Texas is not a blue state, and Florida
is not a blue state. But you can see the
darker states are, in fact the blue states usually governors
that do not have strong economic growth oriented policies that

(01:28):
are more socialistly or liberally oriented to job cuts. Don't lie, words, talk,
number scream. These are the people that are screaming because
they've lost their job. So when you take a look
from the smallest job losses to the highest job losses,
the darker the red, the more it's hurting these people. Well,
you take a look here, and you look at Wyoming, Montana.

(01:49):
I think there's been very very few job cuts red
states that are pro growth or lightly populated with more
stable economies. I've seen it. That's the truth of what's
going on. So if you've got friends insider feeling it,
depending on where they are, what they're feeling is probably true.
One more thing tis the season to be planning Christmas
and New year's with family, but more importantly, to plan

(02:10):
next year for your business. If you're a CEO or
someone that works for a CEO, or maybe you are
a founder of a business, planning is key and it
never is more important than the fourth quarter where you
sit back and look at what went right what didn't
this year and pick a methodology to plan for next year.
Because those who plan have a much higher percentage of

(02:32):
making in and Bed David Consulting is here to help.
Every year we conduct the Business Planning Workshop, a wonderful
all day workshop conducted by Patrick bet David in December.
That's the time to plan, so that's the time that
we're putting it together for you. There's a link down
below where you can find about all the things you're
going to learn, and at the event you'll get your

(02:52):
hands on an incredible workbook to guide you through the process.
We hope to see you at the Business Planning Workshop.
The d