Layoffs At Pre-Recession Level; Job Openings Down 30%

Discussion in 'Economy' started by Trajan, Mar 3, 2011.

  1. Trajan
    Offline

    Trajan conscientia mille testes

    Joined:
    Jun 17, 2010
    Messages:
    29,048
    Thanks Received:
    4,751
    Trophy Points:
    48
    Location:
    The Bay Area Soviet
    Ratings:
    +4,756
    Interesting article.........



    By SCOTT STODDARD, INVESTOR'S BUSINESS DAILY Posted 03/02/2011 06:50 PM ET


    Twenty months after the worst recession in decades, job creation remains anemic, weighing on economic growth and making it even harder for the long-term jobless to find work.

    Don't blame layoffs. They spiked in 2009 but have returned to pre-slump levels, according to Labor Department data. But job openings remain 30% below their level when the downturn hit in December 2007. Gross hiring is down by 843,000 jobs.

    While the economy has grown modestly in recent quarters, hiring remains depressed due to uncertainty about future demand, concerns about government policies and efficiency gains that have let companies do more with less.

    "It's the drop in job openings, not the increase in job losses that is responsible for so much of the increase in unemployment," said James Sherk, a labor policy analyst at the Heritage Foundation.

    Labor is expected to report Friday that the U.S. added a net 183,000 jobs in February, the most since last May. The jobless rate is seen ticking up 0.1 point to 9.1% as more people entered the labor force. Many of those new or returning job-seekers will likely find only disappointment.

    December job openings fell by 139,000 to 3.06 million, the third straight decline, according to Labor's Job Openings and Labor Turnover Survey. January's JOLTS survey is due March 11.


    more at-

    Layoffs At Pre-Recession Level; Job Openings Down 30% - Investors.com
     
  2. william the wie
    Offline

    william the wie Gold Member

    Joined:
    Nov 18, 2009
    Messages:
    7,269
    Thanks Received:
    673
    Trophy Points:
    175
    Ratings:
    +1,604
    Good find.
     
  3. Immanuel
    Offline

    Immanuel Gold Member

    Joined:
    May 15, 2007
    Messages:
    16,823
    Thanks Received:
    2,210
    Trophy Points:
    183
    Ratings:
    +2,224
    Grrrr, are you trying to ruin my mood?

    Don't bother. It has been pretty crappy lately.

    Immie
     

Share This Page