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Jobs Are Trickling In, But Millions Have Given Up Looking For Work

Posted By admin On January 3, 2011 @ 10:23 am In Featured Stories | Comments Disabled

Reuters [1]
Jan 3, 2011

U.S. private employers have recorded 11 consecutive months of job gains, yet the number of people who are so discouraged that they have given up searching for work stands at an all-time high.

Friday’s employment report is expected to show the pace of payroll growth accelerated last month after a disappointing showing in November. However, consumers’ assessment of the job market deteriorated in December, according to the Conference Board’s latest consumer confidence survey.

This disconnect is symptomatic of the state of the labor market. Yes, it is recovering, but at a pace that can hardly keep up with population growth, let alone quickly bring down the 9.8 percent unemployment rate.

Private employment increased by an average of 106,000 per month through November. At that rate, it would take more than 6 years just to replace the jobs lost during the latest recession.

There is reason to believe hiring will pick up in 2011.

Full article here [1]


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URLs in this post:

[1] Reuters: http://www.huffingtonpost.com/2011/01/03/unemployment-2011_n_803473.html

[2] Just 58% of work-age Americans have jobs, lowest since July 1983: http://www.prisonplanet.com/just-58-of-work-age-americans-have-jobs-lowest-since-july-1983.html

[3] US Economy Has To Generate 256K Jobs Per Month Until The End Of Obama’s Second Term To Regain Lost Jobs Since December 2007: http://www.prisonplanet.com/us-economy-has-to-generate-256k-jobs-per-month-until-the-end-of-obamas-second-term-to-regain-lost-jobs-since-december-2007.html

[4] US Needs To Generate 262,500 Jobs Monthly To Return To Pre-Depression Employment By End Of Obama Second Term: http://www.prisonplanet.com/us-needs-to-generate-262500-jobs-monthly-to-return-to-pre-depression-employment-by-end-of-obama-second-term.html

[5] US Needs To Generate 261,200 Jobs Per Month To Return To Pre-Depression Employment: http://www.prisonplanet.com/us-needs-to-generate-261200-jobs-per-month-to-return-to-pre-depression-employment-by-end-of-obama-second-term.html

[6] Contrary to Government Claims of 243,000 Jobs Created, Hundreds of Thousands of Jobs Were Actually LOST In January: http://www.prisonplanet.com/contrary-to-government-claims-of-243000-jobs-created-hundreds-of-thousands-of-jobs-were-actually-lost-in-january.html

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