The recession is over? No way! Well, technically it is over, but it will still be rough for a while.
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The U.S. gLabor Department reported that 533,000 jobs were lost in November, a staggering number. Unemployment rose to 6.7%, up from 6.5%.
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Big U.S. companies lost 30,000 jobs yesterday. Those are the public companies which had to come clean. Who knows how many jobs were lost at smaller companies. U.S. job loses are mounting fast.
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Despite 14-Year Unemployment High, Some US Industries Still Face Worker Shortages; New Study Examines Workforce Strategy for Unemployed and Underemployed Americans. Study Shows Participants in Targeted Job Training Programs Experience Wage Gains, Obtain High-Quality Jobs and Move Out of Poverty.
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Challenger Grey Report, issued this morning, says 103,312 July job cuts are up 141% from a year ago.
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The outlook for American workers became cloudier today as new labor market data showed an economy that appears solidly in recession. Jared Bernstein, senior economist at the Economic Policy Institute flagged the major developments in today’s Jobs Picture.
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The IT job market hasn’t been so robust since the late 1990s, but explosive success is breeding serious shortages in high-quality IT talent, with potential negative consequences for continued growth, according to a major new survey of chief information officers conducted by Stevens Institute of Technology’s Distinguished Professor Jerry Luftman, in association with the Society of Information Management.
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Improving and enhancing the job skills of the UK workforce is the key to economic success, the PM Gordon Brown has said.
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The recent hacking of Monster.com serves as a reminder to all job seekers of the dangers of placing a resume on the Internet. The Internet can be a valuable asset for job seekers and for employers as long as both sides take the necessary precautions to protect personal identifying information.
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