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Thread: Where the jobs are now, and where they'll be next

  1. #1
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    Default Where the jobs are now, and where they'll be next

    U.S. companies modestly added jobs in August, easing concerns that the nation might slip back into a recession. The latest jobs report released by the Labor Department today is better than expected. Employment in the private sector rose by 67,000 payrolls, after a revised 107,000 increase in July that was more than originally estimated. The report immediately sent stocks rallying, despite the fact that overall employment dropped and the unemployment rate climbed to 9.6% from 9.5%, as more people actively searched for jobs.

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    Default Re: Where the jobs are now, and where they'll be next

    Interesting perpective, coming from a Temps company...

    there are huge differences in employment opportunities based on education. For those with less than a high school education, 14% are unemployed. If you have a bachelor's degree or higher, unemployment is at 4.6%.
    The reality is that the job market is recovering. It has improved over the last couple months at a slower rate than it was recovering in the first quarter. But I think people have gone down the deep end, saying we could expect a double dip.

    My view is that economic recovery is coming. The jobs recovery is following behind it and we see that in the temporary employment numbers.
    Where are the jobs today?

    The volume of temporary jobs is coming first for people with manufacturing and supply chain-related skills. That's normal because it's related to the inventory cycle. Companies have worn down their inventory. They've cut costs as much as they can and now they have to build product. As they build inventory and gain a little more confidence in the recovery, they'll decide that they're going to have to add more people to take orders in customer service. So it goes from industrial to professional skills.
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    MJ DeMarco is offline
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    Default Re: Where the jobs are now, and where they'll be next

    Ha Ha, isn't this like the cigarette company funding the study that shows "Cigarettes aren't as bad as they are portrayed?"

    Moreover, the woman is in Switzerland and pontificating on the employment sentiment in a country halfway around the globe ... I see nothing in this economy that will spur job growth and I will bet anyone that unemployment will go over 10% before it goes below 9%.
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    Default Re: Where the jobs are now, and where they'll be next

    90% of the people have jobs.

    Therefore you have a 9 out of 10 chance of grinding away for that dollar.

    To bad every business did not have a 90% of succeeding.

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