miercuri, 13 octombrie 2010

SEOmoz Daily SEO Blog

SEOmoz Daily SEO Blog


Ranking for Keyword + Cityname in Multiple Geographies

Posted: 12 Oct 2010 04:20 PM PDT

Posted by randfish

I've been having a lot of conversations recently with websites in need of better rankings for keyword + cityname combinations in cities across the country (or around the world). This is one of the most challenging tasks in the SEO field, for four big reasons:

  1. Maps Results Bias Against Multi-City Domains
    Google's local/maps results are far more challenging to get into if you're not a business with a physical local presence. Opening field offices or leveraging local franchises are possibilities, but they take time and effort.
    _
  2. Web Results are Getting More Geo-Sensitive Too
    The "standard" web results are seeing more and more leanings towards local results, even when the maps/local trigger isn't in place:

    SEO results with a Seattle Bias

    At least 4 of the top results are showing based on my location alone (and I'm feeling really weird that I don't know anyone at any of these Seattle SEO companies - where are you guys? Come to a meetup!).
    _
  3. Exact/Partial Keyword Match Domains Dominate
    In reviewing results for some friends and folks on PRO Q+A, it seems that exact match domains dominate results in local even more than in other verticals.

    Phliadelphia Locksmith

    This makes it even harder for single sites with landing pages to get into the results (and honestly, I question whether this is a smart algorithmic move on Google's part).
    _
  4. Earning "Local" Links is Harder for Multi-City Sites
    If you live locally, run your business in an area and thus participate in that community, your liklihood of earning links from local businesses and with anchor text that includes your city name increases dramatically. This works against national sites seeking a presence in the local rankings.

Before I continue, I'll first point out that it's not necessarily a bad thing that Google biases towards local sites ahead of national or multi-city ones. It's quite likely that doing so has actually improved relevance and searcher happiness from a few years ago (when national sites with multi-city listings dominated these types of queries).

However, this post is here to help those of you who are aiming for those multiple city listings, so let's dive into strategy and tactics.

Maps vs. Web Results

There's two ways to get results from SEO in local keyword campaigns:

Google Local/Maps vs. Web Results Rankings

Competing in one is hard - in both, harder still. Yet, given Google's propensity to make localization and geographic queries leverage Google Maps (and the announcement today that they're doubling down with former VP of Search, Marissa Mayer, moving from to local), it would seem this will grow in importance and reach.

Best Practices & Resources for Maps/Local

In Google Local & Maps, it's all about the listings (rather than the links). You need to:

  1. Optimize your own Maps listing
  2. Create LOTS of consistent data across every resource Google might be using
  3. Build passion among online-savvy audiences who use your business (so they'll do the promotion for you)

Need more? Read the Bible on Local SEO.

Building the Right Content

Content for local searchers is hard to fake and hard to make "great," often because the intent of a local query can vary more than initial instincts might lead you to believe. In my experience, local searchers are seeking:

  • Llists of the "best" businesses in this arena, or at least an endorsement they can trust of a select few (think of queries like "San Diego sushi restaurants" or "Ocean Beach consignment shops")
  • A single, geographically close, convenient and "good enough" solution (e.g. "bookstore near Balboa Park" or "La Jolla Apple Store")
  • Content-based answers or resources more than local businesses (e.g. "San Diego neighborhoods" or "

If you're going to stand out in the field, you need to identify the intent successfully and fulfill it exceptionally.

This means you can't go the classic route of building a single page of content and simply replacing the geographic keywords with each city you're targeting. Content needs to be meaningfully unique and target the intents described above. My best advice is to follow these three steps:

  1. Leverage or build a unique source of data - that could come from your own deep experience in the field, from user/editorial data or from a technological solution you've constructed (think Zillow's home price values or SimplyHired's job + salary data).
  2. Hire the best writers you can find, the best designers you can get and mashup beautiful elegance with literary genius (NYmag has always impressed me on both fronts)
  3. Don't skimp on the depth and detail. Better to spend 40 hours of work for each city building the most amazing resource possible and earn top rankings than to put in a half-hearted effort and hit page 2 or 3. And, even if you can rank, how can you convert and win raving fans if you don't have the best material (e.g. see how Oyster reviews a hotel - Tripadvisor is a letdown in comparison).

Content alone won't win the day (sadly, it's a myth that the best content earns top rankings), but it is critical to building the foundation for long term success.

Keyword Targeting & On-Page Optimization

The standard best practices for keyword targeting & on-page optimization apply, with a few twists.

  • Keyword cannibalization can be a big problem, particularly if you're producing both broad and narrow categories and landing pages (like "San Diego Restaurants" and "San Diego Kid-Friendly Restaurants"). It's not impossible to win both, but you need to be careful about how you use keywords on the pages and be smart with internal (and external) anchor text. Recently, I've witnessed some cases where the wrong page ranked due to anchor text and keyword usage issues. This is an area where it pays to be cautious.
  • It sometimes pays to target multiple keywords on the same page. When that's the case, be careful not to go overboard and get spammy or abusive. Often, I see sites repeating the city name far more often than is necessary. If I'm on the San Diego page, there's no need to go overboard with internal anchor text or repetitive phrases that include "San Diego" in front of every other noun.
  • Keywords in the URL string seem, perplexingly, to be a stronger signal on these types of pages and queries than I'm accustomed to. I haven't invested in real research around a correlation study on this, but looking through hundreds of results, my sense is that writing good URLs that are keyword rich matters. That doesn't mean something like: site.com/san-diego/san-diego-restaurants/san-diego-kid-friendly-restaurants - in fact, I suspect many searchers are starting to learn that URLs like those often don't have what they want. But I would, for example, recommend at least: site.com/san-diego/restaurants/kid-friendly
  • Another tough one to prove, but my instincts have been telling me that topic relevance matters quite a bit here too. The free LDA tool isn't perfect, but it's the best thing I know of in the SEO world to help evaluate a piece of content's relevance to a query. You can and should, of course, also use your intuition.

Be careful not to get too addicted to a template approach, particularly if your template isn't a robust platform for nailing the user intents described above. It can be good to vary keyword usage based on demand - for example, some cities might have more searchers using "Seattle Men's Suits" while others use "Mens Suits San Diego." Do the research and the testing before you commit - and be ready to change if the data shifts.

Earning Links

Link building in general is tough - in the local space, particularly when you need dozens of hundreds of links to hundreds or thousands of pages, it's nightmarishly challenging. But, that's what makes SEO a true competitive advantage (vs. PPC, for example).

The tactics I've seen work best for those scaling out local pages include:

  • Being a listing resource that promotes other sites/businesses and, in return, earns links from those sites thanks to the cognitive principle of reciprocity (and a desire to share one's accomplishments). Yelp's badges are a perfect example of this in action:

    Yelp 5 Star Badge

    Offer graphics or embeds that local businesses can use to promote themselves and you'll see plenty of links (so long as your site/brand has a reputation that impresses the business owners).
  • Syndicating content with other relevant local content providers can earn lots of links to a wide range of your pages. The only weakness is that the diversity of sources is low, but if you can form a number of partnerships with big players, this can be overcome. Perhaps no one has had more success with this strategy than Trulia, whose link partnerships with newspapers and news sites across the country (powering their real estate sections) has meant rankings domination for the better part of 4 years. Sites like Superpages.com and Citysearch.com take advantage of this as well by "powering" the listings on may partner sites and earning links back in return.
  • Participating in local community events and sponsoring in-person gatherings has long been a tactic we've recommended, but it works very nicely in the local keyword space because the links tend to come from local sites, feature cityname anchor text (or at least have that cityname plastered on the linking pages).
  • Ingratiate yourself with local bloggers and reporters. Urbanspoon did this by promoting the posts and content of local food bloggers when they expanded to a new city. Techflash's expansions have been similarly successful because they reach out to the local tech, venture, startup and entrepreneur communities through coverage for their sites, blogs and events.

As always, there are a plethora of link building tactics that can work, limited only by your creativity and willingness to experiment.

Staying Ahead of "Hyperlocal" Competition

For larger sites going head to head with local niche sites in the rankings, what seems like a struggle can actually be an opportunity. Try reaching out to indirectly competitive top rankers to see if affiliate deals, advertising, sponsorships or other partnerships could work. Sometimes you may not be able to earn a link, but you can buy some of that super-relevant traffic that's landing on someone else's pages.

If there is a true head-to-head and you have the size/resources to pull it off, turning highly successful and rankings dominating sites into franchisees or buying them outright can make sense from a long-term business perspective. It can also be a great way to acquire "boots on the ground" if that's part of what your model needs to succeed.

If none of these are available and you're facing 3-4 keyword match domains that are out-linking, out content-building and out-optimizing you, you might consider "sneaking around" the competition. Instead of targeting the cityname, try individual neighborhoods, outlying secondary regions (e.g. Bellevue, Tacoma, Renton, Redmond and Everett instead of "Seattle") or even states/counties. You can also approach the long tail demand in local by building more and better content around the topic, engaging with UGC and mining alternative sources for keyword data.

Learn from the Best

In a number of sectors, certain sites have had dramatic success over the years and maintained it. Looking at these domains and understanding their strategies is an excellent way to bolster your knowledge of how to play this competitive game. Some of the sites that have impressed me the most on this front include:

  • Yelp & Urbanspoon in restaurants
  • Trulia, Zillow & Yahoo! Real Estate in real estate
  • Superpages in doctors and dentists
  • Freelancedesigners for programmers

I'll leave it to you to run the queries, see the success they're having in local rankings and reverse engineer their strategy.

Looking forward as always to your thoughts, ideas and questions on this.


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Michael Gray - Graywolf's SEO Blog

Michael Gray - Graywolf's SEO Blog


Review Dropbox.com – Online File Storage

Posted: 12 Oct 2010 08:18 AM PDT

Post image for Review Dropbox.com – Online File Storage

Dropbox.com is an online file storage system that allows you to keep files/folders synchronized in the cloud or across different computers.

It’s not a secret that I’m a big fan of cloud computing. Dropbox is one of the tools I use that makes working in the cloud a little easier. The concept is pretty simple: install the Dropbox software on any computer or smart phone you own, and the files/folders will be synchronized whenever those machines have access to the internet … automagically. You don’t have to remember or tell it to sync–it all happens in the background. Here are some of the ways I use it:

  • Move files around on the network without Mac/Windows issues or permission problems
  • Make sure I have a backup copy of a presentation when I’m traveling to a client or conference
  • Make sure I have access to any recent reports or other deliverables while on the road and not at my desk
  • Send clients link to deliverables to get around any email firewalls or attachment blocking
  • Transfer files to/from my iPad or iPhone that I can view anywhere
  • Work on files on my iPad remotely (see Getting Things Done on an iPad)

A basic account comes with 2GB free. You can upgrade to 50 GB for $9.99 a month or 100GB for $20 a month. Those upgrades might come in handy if you want to upload files/pictures while on vacation to make sure you don’t lose them before you get back. I’ve tried a few other online file syncing applications and have met with limited success. Windows live sync was complicated to configure and too buggy. I once had it eat my vacation pictures from Yosemite. Box.net has a lot more features but, for a single person, it’s a little too expensive  (see my Box.net review).

Dropbox is extremely easy to use and very reasonably priced. Unless you need more features, I recommend you try dropbox.com first.
Creative Commons License photo credit: tipiro

This post originally came from Michael Gray who is an SEO Consultant. Be sure not to miss the Thesis WordPress Theme review.

Review Dropbox.com – Online File Storage

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Daily Snapshot: Making College More Affordable with the American Opportunity Tax Credit

The White House Your Daily Snapshot for
Wednesday, October 13, 2010
 

Photo of the Day

Photo of the Day

President Barack Obama boards Air Force One at Miami International Airport in Miami, Florida, Oct. 11, 2010. (Official White House Photo by Pete Souza)

Today's Schedule

All times are Eastern Daylight Time

10:00 AM: Press Secretary Robert Gibbs will convene an off-camera gaggle in the Brady Press Briefing Room

10:30 AM: The President receives the Presidential Daily Briefing

11:00 AM: The President receives the Economic Daily Briefing

11:45 AM: The President meets with senior advisors

1:45 PM: The President meets with college students and their families on the impact of the American Opportunity Tax Credit

1:50 PM: The President delivers a statement to the press

WhiteHouse.gov/live  Indicates Events that will be livestreamed on WhiteHouse.gov/live.

In Case You Missed It

Here are some of the top stories from the White House blog

Putting an Old Rumor to Rest
Beginning in 2011, employers will have the option of including the value of the health care benefits that you have received on your W-2 so you can know more about your benefits and you are an empowered consumer. You will not pay taxes on these benefits.

Behind-The-Scenes Video: President Obama Meets With "Waiting for Superman" Students
Watch a behind-the-scenes video with President Obama and students from the film "Waiting for Superman."

Setting the Spending Record Straight
Kenneth Baer at OMB responds to a Wall Street Journal editorial bemoaning the increase in federal spending between FY 2008 and FY 2010.

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Seth's Blog : What does 'pro-business' mean?

[You're getting this note because you subscribed to Seth Godin's blog.]

What does 'pro-business' mean?

What makes a policy or a politician pro business? Some would tell you it includes:

  • Lower or eliminate the minimum wage
  • Eviscerate OSHA and other safety and pollution inspections
  • Make it difficult for workers to easily switch jobs from one company or another
  • Educate the public just enough for them to be compliant cogs in the factory system
  • Fight transparency to employees, the public and investors
  • Cut corporate taxes

I think these are certainly pro-factory policies. All of them make it easier for the factory to be more efficient, to have more power over workers and to generate short-term profits.

But "business" is no longer the same as "factory". (Aside: Factories don't have to make stuff... they're any business that focuses on doing what it did yesterday, but cheaper and faster.) It turns out that factory thinking is part of a race to the bottom, to be the cheapest, the easiest place to pollute, the workforce that will take what it can get.

It's not surprising that there's tension here. If you are working hard to cut prices and improve productivity, you might view labor as a cost, not an asset, and you might want as little hindrance as possible in the impact you have on the community. On the other hand, a business based on connection and innovation and flexibility may very well have a different take on it.

I grew up not too far from the Love Canal. It's a world famous toxic waste dump. While it helped the short tem profits of Hooker, the chemical company that dumped there, it's not clear that looking the other way was a pro-business strategy. At some point, a healthy and fairly paid community is essential if you want to sell them something.

The oil sands project in Alberta Canada is a factory-friendly effort. So was the lead excavation in Picher, OK. Creating systems that leverage the factory can often lead to financial success (in the short run). The problem is that the future doesn't belong to efficient factories, because as we train people to look for the cheap, we race to the bottom--and someone else, somewhere else, will win that race.

Perhaps we could see pro-business strategies looking more like this:

  • Investing in training the workforce to solve interesting problems, so they can work at just about any job.
  • Maintaining infrastructure, safety and civil rights so we can create a community where talented people and the entrepreneurs who hire them (two groups that can live wherever they choose) would choose to live there.
  • Reward and celebrate the scientific process that leads to scalable breakthroughs, productivity and a stable path to the future.
  • Spend community (our) money on services and infrastructure that help successful organizations and families thrive.

Once you've seen how difficult it is to start a thriving business in a place without clean water, fast internet connections and a stable government of rational laws, it's a lot harder to take what we've built for granted.

Capital is selfish and it often seeks the highest possible short-term results. But capital isn't driving our economy any longer, innovation by unique people is. And people aren't so predictable.

Linchpins are scarce. They can live where they choose, hire whom they want and build organizations filled with other linchpins. The race to the top will belong to communities that figure out how to avoid being the dumping ground for the organizational, social and physical pollution that factories create.

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marți, 12 octombrie 2010

Mish's Global Economic Trend Analysis

Mish's Global Economic Trend Analysis


NFIB Small Business Trends for October Continue to Show No Recovery, Inflation Not a Threat; Fed Governor Hoenig Blasts Bernanke's QE Strategy

Posted: 12 Oct 2010 06:27 PM PDT

Every month I report on NFIB small business trends and every month it looks like a broken record. October is no different. Please consider NFIB Small Business Trends for October.
OPTIMISM INDEX
The Index of Small Business Optimism gained 0.2 points in September, rising to 89.0. The increase is certainly not a significant move, but at least it did not fall. Still, the Index remains in recession territory. The downturn may be officially over, but small business owners have for the most part seen no evidence of it.

LABOR MARKETS
Eleven (11) percent (seasonally adjusted) reported unfilled job openings, unchanged from August and historically very weak. Over the next three months, eight percent plan to increase employment (unchanged), and 16 percent plan to reduce their workforce (up three points), yielding a seasonally adjusted net negative three percent of owners planning to create new jobs, down four points from August, The decline in hiring plans is an unexpected reversal in job creation prospects. Hiring plans continue to underperform the recoveries following previous recessions.

CAPITAL SPENDING
The environment for capital spending is not good. The frequency of reported capital outlays over the past six months rose one point to 45 percent of all firms, one point above the 35 year record low. Six percent characterized the current period as a good time to expand facilities, up two points, but historically low. A net negative three percent expect business conditions to improve over the next six months, a five point improvement from August, but still more owners expect the economy to weaken than strengthen.

INVENTORIES AND SALES
The net percent of all owners (seasonally adjusted) reporting higher nominal sales in the past three months lost one point, falling to a net negative 17 percent. The reading is 17 points better than June 2009 (the recession bottom) but still indicative of very weak customer activity.

PROFITS AND WAGES
Reports of positive profit trends deteriorated three points in September, registering a net negative 33 percentage points, 29 points worse than the best expansion reading reached in 2005.

CREDIT MARKETS
Overall, 91 percent reported that all their credit needs were met or that they were not interested in borrowing. Nine percent reported credit needs not satisfied, and a record 53 percent said they did not want a loan. Only three percent reported financing as their #1 business problem. However, 30 percent of the owners reported weak sales as their top business problem. The historically high percent of owners who cite weak sales means that investments in new equipment or new workers are not likely to "pay back" and thus loans taken to finance the outlays can't be repaid.

Inflation Not A Threat

Inflation? Not a threat. Far more owners have cut prices than raised them for 21 months in a row. Deflation? It certainly feels that way to a quarter of the owners reporting price declines for the goods and services they produce and sell, and apparently a majority at the Federal Reserve are now worried. New "inflation targets" are being floated out there, like two percent (characterized as price stability?). This will be the justification for more "quantitative easing". Buying more Treasury securities may push rates even lower, but to what end? The impact on home sales will surely be minimal. With mortgage rates at record low levels already, even lower rates are unlikely to invite new entrants to the market. Of course, there may be other "agendas" such as a weakening of the dollar and support for asset prices. This is very dangerous as hundreds of billions of dollars are being "allocated" based on false prices (interest rates). The charade can't be maintained forever and weakening the dollar only invites others to join the party. And lost in all of this focus on credit is the loss of hundreds of billions in interest rate income for savers. Certainly their spending has been curtailed as a result. Every dollar a borrower saves from some sort of refinance deal is a dollar of interest income lost to savers. Even lenders will lose income as loans with interval rate re-sets will be set based on historically very low Treasury rates (lowering net interest margins). No wonder confidence is low and uncertainty is high, it is hard to make sense of this.
Inflation Not A Threat

I repeated the above headline in bold for the benefit of misguided inflationistas everywhere who confuse rising commodity prices with inflation when there is literally no passthrough to consumer prices.

If that was not bad enough (and it is), the fact of the matter is inflation is not about prices at all but rather about the expansion of credit.

Small businesses inn general do not want it or need credit to expand. Indeed, the very last thing on their minds is expansion. The first thing on their minds is lack of customers and inability to pass on costs.

This folks is clearly deflation in action and it is what the Fed is fighting with a misguided Quantitative Easing strategy.

Fighting deflation and winning the battle are two different things!

Yet, it is amazing how many mistake Inflation Expectation Noise with actual inflation.

Hoenig doubts effectiveness of additional Fed asset purchases

I am not the only one who thinks QE is a hopeless strategy. Please consider Hoenig Doubts Effectiveness of More Fed Purchases
Thomas Hoenig, the Federal Reserve's longest-serving policy maker, cast doubt on the effectiveness of a possible new round of asset purchases to stimulate the economy, saying the costs are likely to outweigh the benefits.

Undertaking such a move without clear terms and goals "becomes an open-ended commitment that leads to maintaining the funds rate too low and the Federal Reserve's balance sheet too large," Hoenig, president of the Kansas City Fed, said in the text of a speech today in Denver. "The result is a further misallocation of resources, more imbalances, and more volatility."

The benefits of further purchases "are likely to be smaller than the costs," he said to the National Association for Business Economics.

"These are difficult times, no doubt, and it is tempting to think that zero interest rates can spark a quick recovery," he said. "However, we should not ignore the possible unintended consequences of such actions."

In response to audience questions, Hoenig said that while the Fed is "scared to death" of the possibility of a persistent decline in prices, he senses "that we should not see deflation." Hoenig added that he is concerned "that we not be subject to the market's demands" when it comes to expectations for more quantitative easing, and the Fed must be "mindful" of the effect its actions are having on other countries.
Praise for Hoenig

If one mistakenly defines deflation as a decrease in prices, it is possible we do not see deflation. If one correctly defines deflation as falling credit, we are in it.

Although it appears Hoenig does not properly understand inflation and deflation, he is light years ahead of Bernanke in comprehension as to what the risks are of Bernanke's misguided QE strategy is, not only on US savers, but on the effects our outrageous policies have on the rest of the world.

Thoughts on Fighting the Fed

Economist Tim Duy says "Bad things happen when you fight the Fed. You find yourself on the wrong side of a whole bunch of trades. In this case, I suspect it means that Bretton Woods 2 finally collapses in a disorderly mess. There may really be no other way for it to end, because its end yields clear winners and losers. And the losers, in this case largely emerging markets, [are] not prepared to accept their fate."

I say it is beyond arrogant for the Fed to dictate its misguided policies on the rest of the world.

After all, the Fed's policies under Greenspan and Bernanke fueled the biggest housing and credit bubbles the world has ever seen.

Bernanke, failed to see the recession coming, failed to see the housing bubble, failed to see the unemployment rate rising above 8.5%, and just plain failed at damn near everything.

We would not be in this big of a mess were it not for the Fed and its idiotic manipulation of interest rates, trying to meet some asinine (as well as physically impossible) dual mandate.

For more discussion, please see Krugman and the Inevitable "I Told You So" - Tim Duy "Bad Things Happen When You Fight the Fed"; Final End of Bretton Woods 2?

Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com
Click Here To Scroll Thru My Recent Post List


Stores Plan Increased Hiring While Offering Increasingly Large Discounts

Posted: 12 Oct 2010 11:21 AM PDT

Is increased retail hiring on the back of rising holiday expectations consistent with deep, deep, merchandise discounts?

While pondering that question, note the expected seasonal hiring ramp at numerous stores including Best Buy, Macy's, Kohl's, Toys R Us, Pier 1, American Eagle Outfitters and Borders.

Best Buy to hire 2,000 seasonal staff for holidays

The Star reports Best Buy to hire 2,000 seasonal staff for holidays
Electronics retailer Best Buy says it will hire 2,000 seasonal workers across Canada for the hectic holiday shopping season.

Retailers have been increasing their staff numbers in recent weeks in preparation for the holidays, an encouraging sign that many expect brisk sales.

Earlier this month Toys R Us said it would double it workforce by hiring 45,000 seasonal employees in the United States.
Stores say they'll hire more temporary holiday workers

Please consider Stores say they'll hire more temporary holiday workers
The holiday hiring picture looks a bit merrier this year.

Macy's, Kohl's, Toys R Us, Pier 1, American Eagle Outfitters and Borders -- all stores with existing or soon-to-open outlets in Reno-Sparks -- plan to hire more temporary holiday workers this year than last, emboldened by several months of sales gains and a slowly improving economy.

The jobs probably won't be enough to be a dent in the nation's nearly 10 percent unemployment rate, but for Americans desperate for some work, they're far more than an early Christmas present.

Kohl's, which opened a new store in Carson City in September, couldn't provide the exact number of holiday positions it plans to add in its Northern Nevada stores. The company announced that it will hire more than 40,000 associates this holiday season for its various operations -- an increase of more than 20 percent from last year.

"We consider ... specific (store hiring) numbers proprietary information," said Elizabeth Deluca, a Kohl's spokeswoman. "However, on average, Kohl's anticipates hiring an average of 35 associates per store for the holiday season."

Jobs nationwide

Retailers will add between 550,000 and 650,000 jobs this holiday season, according to an updated forecast from the national outsourcing firm Challenger, Gray and Christmas, said spokesman James Pedderson. That's significantly more than the 501,400 added last year. But it's still well below the 720,800 added in 2007, just before the recession began.

Toys R Us, for example is hiring 10,000 more seasonal workers than last year to staff 600 temporary stores it's opening for the holidays. Many of those stores are in shopping malls that were left without toy stores after KB Toys went out of business in 2008.

Others are making more modest adjustments. Macy's last week said it was increasing seasonal hiring slightly to about 65,000 because it expects better holiday revenue than last year, though it wouldn't specify how many more it was.

Pier 1, American Eagle and Borders also said they are slightly increasing their seasonal staff this year. Other big chains, including Wal-Mart Stores Inc. and Best Buy Co., expect hiring to be flat.
Easy Comparisons

Some of these hiring numbers sound remarkably high on the surface, but compared to 2007, seasonal hiring will be down between 10% and 24%.

I will hazard a guess we will see something towards the low end of expectations.

When 50 Percent Off Just Won't Do

Inquiring minds just might be interested in what it takes to lure shoppers. The New York Times has the answer in When 50 Percent Off Just Won't Do
Campaigns for stores, from giant chains to mom-and-pops, are promoting sales that are frequently expressed in percentages off from regular prices. Twenty or 25 percent off, once considered a hefty discount, is practically nothing nowadays, as most consumers must be enticed further to open their wallets or purses.

How willing shoppers are to shop is important as retailers approach the start of the crucial Christmas season. To prime the pump, ads are routinely proclaiming savings of 50, 60 and even 70 percent off. In some instances, the discounts are going as high as 85 percent.

Some retailers are subtracting atop subtraction by offering an "extra" percentage off merchandise, typically items that had been marked down earlier.

For instance, Bloomingdale's, part of Macy's Inc., promoted in newspaper ads on Sunday "an extra 30 percent-40 percent off" the reduced prices on clothing, handbags, accessories and jewelry for "a total savings of 40 percent-75 percent off original prices."

The Macy's division, not to be outdone, advertised in circulars a "fashion clearance" with "an extra 40 percent off already reduced prices for a total savings of 50 percent-80 percent off original prices." That was along with a clearance on home goods with an additional 30 percent off the previously cut prices "for a total savings of 40 percent-75 percent off original prices."
Returning to the opening question it appears that the seasonal hiring increase is actually weak historically, and stores have to offer ever increasing bargains to lure customers.

This should help put the much ballyhooed seasoning hiring ramp into better perspective.

Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com
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French Unions On Strike Against Pension Reform, Disrupt Rail, Air Traffic

Posted: 12 Oct 2010 09:21 AM PDT

The retirement age in France is 60. Given demographics and increasing longevity, this is not sustainable. None of that matters to people on the take. Moreover, and unlike Greece, polls shows most support the striking workers.

Please consider French Workers Strike Against Sarkozy Pension Plan
French workers are demonstrating today for the fourth time in five weeks in nationwide marches, disrupting rail and air traffic as labor unions threaten open- ended strikes to press President Nicolas Sarkozy to scrap his pension-system overhaul.

Railway and Paris subway workers and as well as teachers, air-traffic controllers and port and refinery employees walked out to protest plans to raise the retirement age to 62 from 60 and lift the age for a full pension to 67 from 65. Unions, which warn they may renew the strike every 24 hours unless the government backs down, said 244 marches will take place across France today in cities including Toulouse, Marseille and Nantes.

Three rallies since Sept. 7 that brought hundreds of thousands of protesters onto the streets failed to derail Sarkozy's retirement proposals. The government says the changes are needed to help France cope with an aging population and help balance the pension system's budget by 2018. Labor unions called for more demonstrations on Oct. 16.

"We need this reform to save our system," [said Luc Chatel, the government spokesman]

A survey in yesterday's Le Parisien newspaper showed 69 percent of the respondents support today's protest and 61 percent said they favor an open-ended strike. The Paris-based pollster CSA called 1,011 adults on Oct. 6-7 and gave no margin of error.

France's aviation authority advised carriers to cut half of their flights to and from Paris Orly airport and a third to and from Roissy Charles de Gaulle because of the air-traffic controllers' strike. The Lyon airport canceled 21 percent of its flights it said on its web site.

Air France-KLM Group said the protest won't affect its long-haul flights, while some European and domestic flights will be canceled or delayed. Ryanair Holdings Plc said it's canceling 250 French flights today.

The RER B commuter train, which connects Orly and Charles de Gaulle airports, will face the most disruption, with no trains running inside Paris, forcing travelers to take other transportation.

Workers at refineries and gas and electricity plants joined the strike. Employees at the oil terminal at the port of Marseille, who have been on strike for the past 15 days because of the government's plan to revamp the ports system, joined in.
The correct government response to this mess is to do what Reagan did to the PATCO workers, fire all the public union employees on strike and terminate their benefits.

Moreover, the French government should take this opportunity handed to them on a silver platter and go one step further to make a much needed change and dissolve all public unions. The same should happen in the US.

This would end the nonsense quickly and effectively. As in the US, there would be lines miles long to take those jobs at much lower wage and benefit levels.

Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com
Click Here To Scroll Thru My Recent Post List