SubscribeGetting a New Job Will Get More Difficult
Despite signs that the economy has resumed growing, unemployed Americans now confront a job market that is bleaker than ever in the current recession, and employment prospects are still getting worse.
Job seekers now outnumber openings by six to one, the worst ratio since the government began tracking open positions in 2000. According to the Labor Department’s latest numbers, from July, only 2.4 million full-time permanent jobs were open, while 14.5 million people were officially unemployed.
And even though the pace of layoffs is slowing, many companies remain anxious about growth prospects in the months ahead, making them reluctant to add to their payrolls.
"There’s too much uncertainty out there," said Thomas A. Kochan, a labor economist at MIT’s Sloan School of Management. "There’s not going to be an upsurge in job openings for quite a while, not until employers feel confident the economy is really growing."
My comment: First of all the recession/depression is not over and unemployment is going a lot higher before this over. The misinformation that the mainstream media puts out is mind boggling.
John Polomny
The Real Deal
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Comment by Lisa Lesage on 29 September 2009:
Isn’t that an opportunity to get creative and find new opportunities to start small businesses ?
Whatever the economy, there are still opportunities for those who are looking.
That’s my humble opinion anyway …